What Did You Buy Today?

[fenders53]

(10-30-2020, 03:42 PM)EricL Wrote:

(10-30-2020, 03:36 PM)fenders53 Wrote:

(10-30-2020, 02:56 PM)EricL Wrote: Sold out of my ULTA position and used the proceeds to initiate a position in ETSY.

How did you end up doing on the ULTA position?  You've held it for years right?  More importantly what would need to change to make it a decent buy?  I ask because it's on my watch list.  The mall footprint makes me cautious for the near future.  I have a cousin-inlaw that manages an Ulta  store.     

I have another week or so of cash for small purchases, then it's time to re-arrange the deck chairs on the Titanic.  Unlike March I don't have much trash I feel the need to take out this time.

I owned ULTA for about a year in this account and took a 14% loss.

I like ETSY's growth prospects much more than ULTA in the current economy. This was in a trading account, so while I think ULTA may be fine long-term, I bought it for growth, and it's not doing much growing right now.

Make-up is an area I missed the bus on.  I've felt stupid when the stocks rocked and the best brand make up had been on my bathroom vanity where I shave each day.      It's been a hobby for my wife for a very long time. We never go anywhere, but she still enjoys it.  If anyone needs 500 tubes of barely used high end  lipstick and mascara I can hook you up.