(10-29-2020, 08:04 PM)fenders53 Wrote: Divemenow or Crimson,

Please pull a current chart or analyst report on NOC when you have a minute.   I've patently waited for it to drop. It looks technically broken right now.   Definitely oversold like all the defense stocks.  I have no illusions they come back in favor in the near-term, but NOC grew just fine the last time we had a DEM administration.  Projected to grow at 10% for years and I like the mix of military aviation and space.  DIV growth record has been very good for at least 10 years.  Thinking of gradually building a position starting now.  I already own a lot of LMT and LHX, and my RTN income side game.  If NOC drops hard I'll speed it up, otherwise just a share or two a month for awhile.  I like the diversification within the sector since my positions end up large.  You never know when you'll have a big problem with a weapons system, or bribery allegations.  I'd rather grab a non-defense industrial now, but most of the big ones have ties to commercial aviation, auto manufacturing, or just overvalued.

(10-30-2020, 08:48 AM)crimsonghost747 Wrote: Added to LHX.
I thought the earnings were pretty damn good.

(10-29-2020, 09:11 PM)EricL Wrote: I'm no chartist, but I'd agree that the NOC chart doesn't look good at all.

Failed to rise above $350 multiple times and now looks like it broke support under $300.

(10-30-2020, 09:41 AM)fenders53 Wrote:

(10-29-2020, 09:11 PM)EricL Wrote: I'm no chartist, but I'd agree that the NOC chart doesn't look good at all.

Failed to rise above $350 multiple times and now looks like it broke support under $300.

And this is why I mentioned up front the chart is clearly broken.  I knew somebody would bust my chops.  Should I just go buy an industrial with a PE 50% above historical PE and a YOY revenue drop?   All major defense stock charts look like this right now.  Should give me some time to accumulate if I decide to buy NOC.

(10-30-2020, 09:49 AM)stockguru Wrote: Added AMZN, TDOC, PM, LOW, APD, NOC and IIPR

(10-30-2020, 09:56 AM)divmenow Wrote:

(10-30-2020, 09:41 AM)fenders53 Wrote:

(10-29-2020, 09:11 PM)EricL Wrote: I'm no chartist, but I'd agree that the NOC chart doesn't look good at all.

Failed to rise above $350 multiple times and now looks like it broke support under $300.

And this is why I mentioned up front the chart is clearly broken.  I knew somebody would bust my chops.  Should I just go buy an industrial with a PE 50% above historical PE and a YOY revenue drop?   All major defense stock charts look like this right now.  Should give me some time to accumulate if I decide to buy NOC.

Agreed they all look horrible. But they did back in March and April too lol. But charts mean nothing to me. A stock can recover and stock can fall even if a chart looks great or not. Charts don't tell the whole story. Especially when a market is collapsing. They can spring back in a heartbeat. This is short term and I think months and years out. All I know is that NOC is a bargains here. And bargains are hard to pass up. So I bought 25 shares of NOC to start off with   

If you buy 2 shares who cares if you buy in at $268 0r $260 LOL.

(10-30-2020, 11:58 AM)vbin Wrote: Not a chart expert but that's also called reversed W or double roof. Probability is to go further lower after this chart. @fenders53 where do you see NOC trading at 1.5 times of historical PE?