What Did You Buy Today?

[fenders53]

(06-19-2020, 12:37 PM)divmenow Wrote:

(06-19-2020, 10:50 AM)fenders53 Wrote:

(06-19-2020, 09:13 AM)divmenow Wrote: Not adding any new names. But I did add to BMY which is in my top 10 lol. But wow this has been a POS of late lol

A lot of the big pharma stocks are flat.  It's probably a sector thing.  Elective procedures are still dead.  That explains the companies with Med device exposure which is most of the majors.  Probably need to get a bad quarter out of the way.

You cant tell me BMY isn't better then UAL, CCL, and all those other dogs that are making no money and yet going up daily. I will take my chances with BMY and the bright future they have.  CELG and BMY = Long term money $$ maker 

I wouldn't even try to tell you that.  Forward PE is about 10 and that is with some flat quarters projected near term (which I expect may come true).  BMY is a better value than most of the sector.  I've had 2-3 puts sold against it for months.  That would be 200-300 more shares which is a lot for me so I am a believer.  The income has been nice but another week or so of this and I am just going to go for it and buy the extra shares.  For now I just add 10 here and there.  I got lucky and caught it 2 cents from the bottom today.  I was waiting around for the DEMs to hate on pharma, (Trump isn't exactly a fan either). They are distracted for now though.  I'll be surprised if BMY isn't good for 20% return in the next 12 months.  IMO better risk reward than practically anything in my port right now.  It should be my largest position and it may be soon enough.