(03-18-2019, 05:35 AM)rayray Wrote:

(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?

I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.

Out of curiosity, when you said you went 40% cash does that mean you sold 40% of your securities?

(03-18-2019, 03:03 PM)divmenow Wrote:

(03-18-2019, 05:35 AM)rayray Wrote:

(03-15-2019, 11:29 AM)divmenow Wrote: I don't see any buys in this market so I went 40% cash today and will wait for a 10-12% correction to put my money back to work. In the meantime I did purchase a 1 year CD that pays out 3.15%. I have been one of the most positive people in this market, but I have learned don't chase stocks and it wont bite me again like its has in the past. And right now I feel to buy anything right now would be chasing. And with the way most companies earnings have looked of late these stock prices will have to come down to justify the slowdown. Market is up based on what Trump will do and the tariffs. To me this has already been priced into the market on what will be done. What happens if a deal isn't made?

I bought CVS, V, BTI, PM, JNJ, HD, GILD, WBA, D, DUK, and some other names in the past few months, so I'm happy with my latest purchases. Until a better opportunity comes along I will wait patiently.

Out of curiosity, when you said you went 40% cash does that mean you sold 40% of your securities?

That is correct. I sold about 18 stocks and will keep the cash until I see better buying opportunities come along. The rest I put into a CD for 3 years. SO right now I’m 60% stocks, 40% cash and 10% bonds and Cd’s. This is first time in like 5 years I have had more then 25% cash on hand.

(03-19-2019, 10:16 AM)fenders53 Wrote: Finally picked up some Ute shares today.  Very small positions in AEP- D-WEC-SO and XEL.  They are all currently overpriced by 5% IMO, and paying too much for slow growing Utes rarely pays off in the short-term.  Bought the shares with profits from all the puts I sold that expired worthless while trying to be forced go to long since AUG18. Yeah, I would have been a little better off just going long then, but I couldn't predict UTEs would run higher in the face of the FED tightening.  That isn't normal. The put sales will continue and sometime soon I'll finish these positions out quite suddenly.  Who knows when.

(03-19-2019, 02:51 PM)stockguru Wrote:

(03-19-2019, 10:16 AM)fenders53 Wrote: Finally picked up some Ute shares today.  Very small positions in AEP- D-WEC-SO and XEL.  They are all currently overpriced by 5% IMO, and paying too much for slow growing Utes rarely pays off in the short-term.  Bought the shares with profits from all the puts I sold that expired worthless while trying to be forced go to long since AUG18. Yeah, I would have been a little better off just going long then, but I couldn't predict UTEs would run higher in the face of the FED tightening.  That isn't normal. The put sales will continue and sometime soon I'll finish these positions out quite suddenly.  Who knows when.

Utilities are over valued right now. Most are trading at high valuations and dividend yields compared to there norm. They need to come down another 15% or so before I will add new money. I bought a lot of those names in Nov-Dec of last year.