09-17-2021, 09:20 AM
(09-17-2021, 07:39 AM)fenders53 Wrote:(09-17-2021, 06:36 AM)ken-do-nim Wrote: I'm wondering if today will represent a bottom for pharma/biotech, and thus be a good day for me to get back into JNJ and add onto LLY and ABBV.It's hard to say but they are cheaper than they were. Politicians will be targeting them soon. If I had to guess I would say JNJ and ABBV are closer to a bottom just because they have lower valuations.
Edit: Wish I had more of a cash position..s
And this is why I always kept a little dry powder after age 40. Market hasn't even dipped but even in a bull market there are always a few opportunities a year to get some 20% off stocks.
The market might not have dipped according to you but certain sectors have been beaten up badly. So don't just base it off the index. Just saying
I can name 100's of stocks that haven't seen these kind of lows in 6 months or more. Lots of good buying opps out there.
I added more XEL, MED, BMY, HRL, LMT GOLD and CCI