As I mentioned in my last post, I decided to invest a little more in my Zecco account.  The two stocks I chose were GE and BAC.  GE was easy – it’s a long-term winner which has been battered due to the recession.  It’s pretty much a no brainer at the current levels – I picked up 25 shares of GE at $14.13 a share.  Today it closed at $13.03 – an even better buy.  I may talk myself into another purchase if I can scrap together the cash.

BAC is another story indeed.  When BAC dropped to $10.25 per share, I just *had* to buy.  After all, I liked the stock in the 30′s – how could I not like it at $10.25?   Sure, it’s taken a beating like all the big financials… but a solid long-term play nonetheless.  So, I bought 30 shares.

The next day, I couldn’t resist another purchase, this time 37 shares at $7.54 per share.   BAC at under $8?  Unreal.  Of course since then, it has nearly dipped below $5 ( and slightly rebounded to under $7 ).  After receiving a big check from Uncle Sam, BAC was forced to cut their dividend to a penny – ouch!  I knew a divided cut was forthcoming, but I had no idea it would be so severe.  That really puts a damper on my purchases.  I don’t regret them – I think 2 or 3 years from now, BAC will be flying high again. 

So, what about you – have you gone out on a limb and made any “risky” stock purchases?  I’d love to hear about them in the comments.