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Getting Anxious to Buy, Part 2

Yesterday, I mentioned 4 stocks that I was willing to buy for a quick snap back rally: BBY, WMT, BUD, and BAC. I am only willing to do this on a sharp and sudden pullback in reaction to the hurricane. If the stocks do not reach my buy prices, I will hold off.

Here are some price targets (for traders only) a long with some stop losses:

Best Buy (BBY)- Entry Price $39.50, Stop Loss $35.00- BBY at $39.50 is a great entry point for investors. Be prepared however to see a downside below $35 in a bad economy.

Wal-Mart (WMT)- Entry Price $41.00, Stop Loss $38.00- WMT is trading at multi-year lows, and even at current prices, the shares look attractive for long term investors.

Anheuser Busch (BUD)- Entry Price $41.00, Stop Loss $38.00- BUD would also be a very attactive purchase at $41. Warren Buffett is buying under $45.

Bank of America (BAC)- Entry Price $40.00, Stop Loss $37.00- At $40 a share, BAC would have a dividend yield of 5%.

If you are a longer term investor, I would begin to dollar cost average in at these prices, ignore the stop losses, and build your positions.

Disclaimer—This is for informational purposes only and is in no way a solicitation or an offer to sell securities. I am a registered investment advisor, but only provide solicited advice to clients of our firm in states where we are registered or where an exemption or exclusion from such registration exists. nothing on this website should be interpreted to state or imply that past results are any indication of future performance. carefully assess your own risk tolerance and goals before investing.