Utilities sector

[fenders53]

(03-04-2021, 10:58 AM)vbin Wrote: Fair point. Hence I started small position in a bunch of them, AEP, NEE, XEL, SRE,WEC, UGI,EIX and a decent size big in ED.

Just a 1-2 % decline doesn't make sense to add. I am waiting for them to come down 4-5% where I started. They might( who knows). Looking at this chart though looks like value is picking up unless fed steps in.

I understand what you are up to.  I encouraged you to nibble last week.    I'm not buying anything like 100 share lots.  I am trying to not inflict another round of "sit on my hands" on myself though.  I have wanted to go full position UTEs for years.  This is a good a time as any to nibble.  Some are pulled back 25% off highs.  No that doesn't make them automatically dirt cheap.  Higher rates will keep a leash on UTE share prices.  I hope they pull back another 10%.  The talking heads will change their minds and try to run them up if they do.  Some of the analysts have sell rating on top tier UTEs.  That made sense 25% ago but they wait for the run to be half over and then they are late with advice.  I am better off nibbling when I see signs the large sellers are getting harder to find.