(01-29-2019, 08:56 AM)stockguru Wrote: Why would you buy PG at these levels? You had your Chance a few years back when they had all kind of issues and Nelson Peltz was trying to get on the board. With patience you will get anoither opportunity. Right now it’s way, way to high and above its historic PE level.
That sounds good, but to some degree it applies to nearly every stock I own. I should sell them all and wait for a better opportunity. I'm not going to do that of course, though it might be a brilliant idea. Personally I am trending toward the "nibble method" since the bull keeps sticking around. Re-find a quality company I failed to buy a few years ago, then nibble a few shares during a down market week. Puts the stock right in my face. I am far more likely to accumulate more shares when the dip does come. I do want to buy a stock with some potential for growth though. I can't rationally expect solid DGI growth from a company growing revenues at 2%. because that might turn into -2%. Otherwise I search for deep value DGI plays in stocks like KHC-MO-ABBV etc. and take larger positions in a shorter period of time. Point being the only way we seem to get an apparent "deal" in this market is if the company probably has fleas, and then you just hope we don't learn it's a real bad case of fleas 6-12 months from now. T and GE have taken a lot of victims on the trip down to our buy range.
Anyway, nobody said this was easy.
