Posted by: eminitrader July 14, 2007
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This market looks strong. Nothing to do but sit tight.
Here are some of my value picks.
GLBL @ 29---Target: 51
RNO @ 5.50---Target 10.50
VCP @ 27---Target 88.
I have rounded the prices. These stocks are considered value plays. They have decent revenue and earnings growth and are trading at a discount to their peers. This is a long-term play. You'll need to hold these for 3-5 years or until it gets to the target price. I have set the target price as 80% of the intrinsic price.
NewTrader: I think short-term tax is closer to 40% and long-term is significantly lower. You might want to google it for more info or consult a tax advisor.
Bri: What are your going to be doiing since you quit your job? Anyway, Good Luck to you on your future endevours.