I would like to say good move ,but Im only here snooping around to gie my oppinion to a relative. Not that I use a bb to make my investment desiccions so don't even go there. lol
Acually ,If this stock is worthy of an investment of that magnitude ,do u usually buy all in one trade? I find that not to be to profitable in most situations,especially with major volitility and uncertainty all around the market.
Sometimes ,not all,but sometimes it may be better to not only buy at different times to get a better price,but to average up ,instaed of down can be a safer play when in a wild market as this.
You may give up a buck or so in the process ,but u will be making a more definate return rather than hoping for it to go up to make the gain. I usually will only average down if I have already bought at a decent price and feel very positive it will be a good investment with some patience.
Many people think that throughing good money after bad is a poor way to invest,but the way u have announced your purchase of a significent position in KFT,is mabe a sign of lack of trading knowledge ,or a pump ,or a sign of ignorance too. lol
Please dont take that the wrong way for we do not know each other to begin with,but along with your announcement ,u could have added a little bit of your stadegy,or a reason for it too.
Are u a natural bragger,or are u just spesking out of your own personal excitement of adding up 20,000 times ??? whatever,and what u will do with your gain if it happens?? lol Good luck pal,hope it works out for u what ever your plan may be. Jim
For once Cramer got it right. What he says about commodity prices applies to KFT as well as KMB:
KMB seems to be holding up slightly better than KFT in the latest stock siege:
Perhaps oil and timber are sinking faster than cows.
well, if you buy now...you are getting in at a 12% discount to what Buffett paid for the stock...and KFT is his second largest stock holding (after WFC)....he would not invest over 4 billion dollars at $33/share in junk.