08-30-2021, 01:03 PM
[quote pid='28431' dateline='1630343698']
Bring it on. I'm sitting on 40% cash so I am waiting for those buying opportunities. $5-$10 moves in some of these stocks doesn't even entice me . I need huge moves down.
Those who are sitting on no cash or few cash are going to get hurt sooner or later. That mentality of buy high and keep buying higher will catch up to you soon enough.
I have trimmed a lot of names in recent days. I'm not giving it back and will wait patiently for once . I have done very few buying the past 6 weeks.
Glad I added a lot of BX at that $110-$111 range on that pullback
BMY waiting on $64
Have been adding to NUSI and ABBV below $112 and CVX below $95 for a place to earn income while I wait for better opportunities
That's about all for me. Not much else going on.
[/quote]
I'm not so far from there. I sell secured options to collect cash. Friday comes and the cash creeps higher most every week lately. I am OK with it.
(08-30-2021, 08:01 AM)fenders53 Wrote: We'd probably be better off if we could get a 5% SPY/QQQ dip out of the way soon. Powell keeps talking the market out of it. Gradually getting us used to the idea of tapering so it won't be much of a event. We may just keep on gradually climbing until we get something more substantial to worry about.
Bring it on. I'm sitting on 40% cash so I am waiting for those buying opportunities. $5-$10 moves in some of these stocks doesn't even entice me . I need huge moves down.
Those who are sitting on no cash or few cash are going to get hurt sooner or later. That mentality of buy high and keep buying higher will catch up to you soon enough.
I have trimmed a lot of names in recent days. I'm not giving it back and will wait patiently for once . I have done very few buying the past 6 weeks.
Glad I added a lot of BX at that $110-$111 range on that pullback
BMY waiting on $64
Have been adding to NUSI and ABBV below $112 and CVX below $95 for a place to earn income while I wait for better opportunities
That's about all for me. Not much else going on.
[/quote]
I'm not so far from there. I sell secured options to collect cash. Friday comes and the cash creeps higher most every week lately. I am OK with it.