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AK Steel (AKS): An easy double |
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| Dec 31, 2008 05:30 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Newsletters, Bargain stocks, Stocks to Buy  It takes nerves of steel to buy stocks in this market. Although much of the carnage has passed and is presumably priced into stocks, there is still risk in this market.
Thus far, investors are avoiding those risks preferring the safety of Treasury securities. Despite the Federal Reserve doing everything in its power to support the economy and to encourage risk-taking, investors are not taking the bait. What are they waiting for? Granted, my own analysis of the market suggests that another round of selling may be right around the corner, creating a real buying opportunity in March or April. That said, in many instances there is no point in waiting or trying to exactly time the market. Many stocks have absolutely caved to the point that there is little downside remaining. One such stock is AK Steel (NYSE: AKS). Continue reading AK Steel (AKS): An easy double AK Steel (AKS): An easy double originally appeared on BloggingStocks on Wed, 31 Dec 2008 12:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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