We are Cummins freaks, are we not? In the years I've watched Cummins stock rise like crazy and always lamented for not making a purchase. Well, at the end of last year I finally bought some Cummins stock (CMI) for a little over $25 per share down from it's high of over $70 earlier in 2008. I figured it was beaten down needlessly and was a great deal.
Today CMI is trading at $42.60 or so per share. I'm up over 60%. I should've put most of my portfolio into this trade but I'm leery of putting all ones eggs in one basket... even though I know Cummins is as rock solid of an American company as you can possibly find. Matter of fact, many investors use CMI as an indicator of the world economy in general. If Cummins is selling engines, the world must be building and growing. I still think it's a good deal at current prices even if the market takes a pullback (it's due).

 

I agree, not putting all you "eggs" in one basket is a wise move. As an option, if you're ahead take 25-50% of your earnings off the table to lock in your gains. Buying low and selling high is supposed to be how it works but looking back to October-March investors took over $1 trillion in losses due to selling when things were dismal. Cash is king right now.

 

I don't do stocks and all that junk.

 

Good job on the investment find.. Good luck