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Look around you Nasdaq

July 15, 2008 1:42 am by Dean Morel

Peter Lynch extolled the virtues of looking around you for investing ideas. One Up On Wall St and Beating The Street and rightly investing classics. A new investor could do no better than turn to their pages for direction.

If you’re investing then no doubt you regularly use Nasdaq products.

Nasdaq, NDAQ, is on sale. Just like tonnes of other stocks! It is a fundamental strong buy with excellent risk to return profile.

But look at this chart. Poowee! It’s stinking it up.

Still, a lot of great stocks have lousy charts now. That is what bear markets do. Nasdaq has made it on to my watchlist.

An investigation is warranted due to the fundamental story and excellent value.

I am looking to buy at least one position this week as now is the a good time for me continue deploying cash.

What one stock would you buy this week?

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