What Did You Buy Today?

[pdaignau]

(01-26-2021, 04:00 PM)fenders53 Wrote:

(01-26-2021, 12:51 PM)Otter Wrote: Really like LMT down here, as well. Also like LDOS under $105 if it dips that low this year.

I didn't go crazy today because I do give some respect to the "three day rule" for a stock in a hard decline after earnings.  I only grabbed about 10 more shares, but I have been adding one or two now and then since it breached $350.  I am ready to get serious on LMT and just close my eyes for years if I have to.  There are few stocks I have more confidence in a few years down the road.  Not just surviving, but maintaining earnings growth when the unexpected happens.  It's been my plan for some time to make it my largest holding.  I just know political rhetoric is going to throw some cold water on the party at some point.  The market will react whether it is meaningful or not in the short-term.  I would not advise anyone to buy a defense stock if they are going to worry where it is in a few months.  We are paddling against the current, and sentiment is what the market is all about today.

I followed suit, buying10 shares of LMT.  I don't own any individual stock in this sector.  I figured this is as good a price as any to start a position at.