Proctor & Gamble

Proctor & Gamble (PG) announced better than expected earnings of 0.84 vs 0.80, however they posted a 4% drop in overall quarterly profits. Their CEO spoke on CNBC's "Squak Box" this morning and mentioned an increase in dividends. I'm still holding my P&G going forward.

Pure Value Play

I took advantage of this drop today by doubling-down on my investment within Proctor & Gamble (PG) at $51.76. They are trading just above their 52-week low, so I think this is a great entry point into a solid company.

In addition, I tried to make two other moves, but set my entry point too low. Those stocks were DryShips Inc (DRYS) and General Electric (GE). I missed getting into DRYS by 0.03, which was a bit frustrating because I would have had a nice little gain towards the end of the day. I guess we will see what the market will look like tomorrow after investors get a chance to digest the Senate version of the "Stimulus Plan" and the complete vagueness of Tim Geithner.

On a lighter note...has anyone else become completely immune or disgusted with the continued overuse of the term "Transparency?"