Aug 11, 2010

Brent Wilsey on buying the dip in the face of bad news

I'm seeing good news from the CEOs, I'm hearing good news on trucking, from trains and so forth, all this good news. I guess every once in awhile I'm glad this happens. We get the bad news and the fears of the double-dip. Well, that's kind of good for me because it gives me a chance to step in and buy more. Every time these dips come along, I've got more money coming in, I buy more time. It's a great time to buy and that's what it should be used for, buying on the dips like we have.

~Brent Wilsey, president, Wilsey Asset Management, CNBC Street Signs, August 8th, 2010

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