Think there are no second chances? These five stocks are giving you one right now.

There’s nothing quite like the feeling that comes from looking squarely at a possible stock purchase, considering it, weighing the pros and cons carefully, ultimately deciding to pass, and then watching the price rise higher and higher and higher. There is, however, something quite a bit worse: jumping on a stock that looks promising only to have it rotate in place for a quarter, or two, or three, but eventually to give up on it and pull out your money… only then to watch the price rise higher and higher.

There are five companies on today’s list, and I own stock in none of them—now. I once owned stock in each of the five, and at some point since that time, the stocks have given me reason to wish I owned them still. Each of the companies has also run into some form of trouble, and in some cases it is the trouble that caused me to sell. Now, however, each looks like a good buy again, and I intend to buy back in, and not make the same mistake I made the last time.

Remember to treat these ideas as just that, ideas, and do your own research before making any investment decision.

Julian Close

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.

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