Posted by: Nepali_American August 16, 2011
What are you buying in this market meltdown
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 Tyranny, 

It's cool that you have a blog dedicated to your stocks.  Impressive.  What are your criteria for choosing those stocks.  

To be honest, being a relative novice when it comes to investments, I can only guess what you mean when you guys talk about cups and handles and candles and whatnot.  So there is much for me to learn.

In last 10 days, I bought AA, WM, PEP,  AXP, MMM, HON and DRYS.  As you can see, except for the last one, which was my speculative play, all my stocks are large cap with relatively low beta.  I picked them after studying their balance sheet, cash flow statements, analyst estimates, and where they stand in 52 weeks range.  That's pretty much all I know.  I should probably learn what you guys call technicals, fundamentals, momentums, etc.  How do you do it?

If there is a pullback today, I will be in a hunt.  If you are doing the same, happy hunting.
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