What I Am Buying Today.

[fenders53]

(09-07-2021, 11:22 AM)vbin Wrote:

(09-07-2021, 11:16 AM)fenders53 Wrote:

(09-07-2021, 10:52 AM)vbin Wrote: Anyone into LMT? At $350 looking good to add more but I feel this might drop down further.

I have my thoughts that political banter may drive it a bit lower.  (Move a few defense bucks to the free stuff for all program).  LMT is a core part of my long-term defensive port so that doesn't shake me, but we all expect the market to pullback at some point this fall.  I won't be shocked if I get a chance to pick up some sub 340 shares.  I honestly think RTX is more attractive for now with their commercial aviation exposure.  That may see a few infrastructure bucks.  IMO anything remotely industrial gets a haircut if the market takes a breather.   

BTW what was the cheapest you got BABA shares at during your buy a little everyday program? 

I hope we see another leg down on baba and tencent. I still have bullets left to fire at it.

The cheapest I got was $154( very tiny) but meaningful lot at $160

If the market dips you'll get a chance for sure.  You know how this game works.  A couple dead cat bounces by the impatient and then sellers will dry up while it bases.  You just need China to stop scaring the market and they will some month soon.  IMO it may be a very long time before BABA truly flies but it's pretty safe not much lower than this.  I tend to get sucked into the dips too early.  It's worse lately as we have been punished for not aggressively buying every dip for years now.  I will need extremes to talk me into China stocks. Not ruling it out but it will not be a big bet.

Still simplifying my port gradually.  Dumped GOLD, sold a NEM put to replace it.  I don't want a lot more gold related exposure but IMO patience will be rewarded when the market figures out the FED can't actually tighten without hurting the market and that is politically unacceptable before midterms.  We'll see if my thesis is right by spring.

Sold the last of my GNRC.  Crazy good one year ride and and further upside would be hysteria.  I'll be back to GNRC but the PEG is nutty now.  Just not going to be greedy.