What are the best stocks to buy this week?

thinker70 answered 8 months ago …

I like spider348s answer for the most part, I would only add that maybe you should decide what sectors of the market are of greatest interest to you personally, or I might add, in which you are most knowledgable, then do the research to determine which SPECIFIC stocks in that sector you would like to own and based on the historic charts decide at what price it represents a bargain for long term ownership!

Once you have that basic information to your own satisfaction then the TIMING of the purchase becomes less important. Witrh recent swings of 500 to 1000 points in a SINGLE DAY the easiest way to pick up bargains is to set up "stink bids" with a time factor of several weeks at prices as far below the latest closing bid as you would be comfortable with owning the stock! WHEN it actually TRIGGERS is less important than the price you suceed in getting your stock at as most professionals will tell you that MARKET TIMING rarely works! It is very difficult to EVER catch the lowest or the highest price on any stock, but LIMIT orders are a powerful tool to get the price you want at either end by exercising just a little patience. If you pick the RIGHT stock with great fundamentals then it matters little whether you hit the exact bottom in a cycle or what week you get your price!

If your question was triggered by the thought that certain stocks will be a bargain this week and you are looking for specific recommendations consider you reaction if you got some and invested on somebody elses opinion and then over the next few weeks we had another meltdown that took your stocks down another 10-15%! The stink bid limit order takes advantage of that possibilty giving you the best chance of picking up a bargain on daily swings and if you MONITOR the daily action and it is evident you are not likely to get your price you can always adjust it upward, but in a bear market PATIENCE is often rewarded!