(09-16-2021, 09:56 AM)fenders53 Wrote:

(09-15-2021, 12:10 PM)fenders53 Wrote: Entered orders to sell all my equity mutuals at the close.  SPY, Midcap and Russell 2K.  This makes me nervous but the plan is to get them into ETFs tomorrow. I hate that I can't add to my mutuals on hard down days so that is the motivation to make the move.  Fees are basically the same.

Caught a break and sold on a decent up day.  Sold near the money puts in SPY and IWM today.  Not sure if I should jump into the ETFs all at once or average in.  It's a coin flip so I sold the puts expiring tomorrow while I contemplate it since it is a lot of money.  I'll grab some "free" shares of XEL today with the premiums.  I get to keep those if the market launches higher and leaves me behind.

(09-17-2021, 12:21 AM)fenders53 Wrote: Mike

Take a look at that IWM chart. It won't be hard to see where I am trying to enter. It's been annoying watching my long shares stuck in that channel so long but swing trading on the side has been about as easy as it gets. I definitely want all my long shares in soon. It will break out eventually.

(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.

Edit: Wish I had more of a cash position..s

(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.

Edit: Wish I had more of a cash position..s

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. 

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.

(09-17-2021, 09:20 AM)MrFortune Wrote:

(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.

Edit: Wish I had more of a cash position..s

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. 

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

(09-17-2021, 09:38 AM)Genester Wrote: Does anyone have a point of view on Fortescue Metals Group Limited (FSUGY)? This is a $30B+ mining conglomerate that ran up quite a bit and is now giving up most of this runup... By all accounts a solid business with a strong dividend, but I've not seen a lot of research on them.