What I Am Buying Today.

[fenders53]

(09-17-2021, 09:20 AM)MrFortune Wrote:

(09-17-2021, 07:39 AM)fenders53 Wrote:

(09-17-2021, 06:36 AM)ken-do-nim Wrote: I'm wondering if today will represent a bottom for pharma/biotech, and thus be a good day for me to get back into JNJ and add onto LLY and ABBV.

Edit: Wish I had more of a cash position..s

It's hard to say but they are cheaper than they were.  Politicians will be targeting them soon.  If I had to guess I would say JNJ and ABBV are closer to a bottom just because they have lower valuations. 

And this is why I always kept a little dry powder after age 40.  Market hasn't even dipped but even in a bull market there are always a few opportunities a year to get some 20% off stocks.

The market might not have dipped according to you but certain sectors have been beaten up badly. So don't just base it off the index. Just saying

I can name 100's of stocks that haven't seen these kind of lows in 6 months or more. Lots of good buying opps out there. 

I added more XEL, MED, BMY, HRL, LMT GOLD and CCI

Sissy correction   You've been around long enough to know what a real market correction looks like. We are spoiled and this isn't even close.

It's a pretty solid beatdown for some sectors.  It could get a helluva lot worse if the market actually corrects.  Pharma and utility beatdown don't scare me because it's a good place to park cash fairly defensively.  I find the industrials and transports worrisome.  Never mind the share price as most of them are still nothing like a steal yet.  Earnings will be exciting. We are going to find out who is good at logistics or not with all the supply chain and inflation problems.

Added some XEL and ALE so far. Still going slow though.  I am going to ignore my gold positions so I don't get sucked into the knife.