What I Am Buying Today.

[fenders53]

(10-13-2021, 05:58 PM)divmenow Wrote:

(10-13-2021, 02:40 PM)fenders53 Wrote:

(10-13-2021, 02:18 PM)Mr1share Wrote:

(10-13-2021, 12:25 PM)divmenow Wrote: Yesterday added JNJ, ROK and TROW

Today added to V, MTB and CI

New positions in CRSP (10 year long term hold) I believe in the data and future . We shall see lol

Sold HII and trimmed MCD

BTW Haven't looked in a while but the entire cannabis companies have been crushed the last few months.

CAT and VZ on my watch list

Nice buys.

CAT is interesting. It moved in anticipation of the bill.  Its come back down a lot since then.

I did add some QCOM, HAS and TGT

CAT is a swing trade here.  I suspect that is what Divemenow would do if he bought it.  I like the company, and have a number of friends that work there.  They say things are pretty good but it is DEEPLY cyclical.  OK for an add to a long term port but I see no margin of safety.  It ran way too high in a hurry.  It's about as expensive as CAT ever gets.  The infrastructure package is spread out over a lot of years if/when it passes.  Commodities staying high may be more important as mining customers are big biz.   In case I sound like Mister know-it-all I bought it at about 125 and had it all dumped by 165 so I am not so smart.  I did something similar with TGT.  I am really hoping for HAS to pullback so I can add.  From everything I read their supply chain is strong.  Christmas is important and they may run out of certain popular toys but they will be OK enough.                

Selling a few index options again today as the old ones expire.

Swing trade yes. I don't consider CAT a long term hold at these levels. I bought most of mine in the $75-$85 level .  But in my trading account at the right price I can see making a 10-20 point pop. 

Historically CAT has traded in a range of 132 to as low as 13 since 2017. But its growth is a heck of a lot better then it was a few years back when it traded lower. Were at a PE of 23 and trailing 21 now which isn't as expensive as you think.  Its growing at a clip of 52% which of course may not be duplicated. The high PE this year was 42.69.  To me it does represent value at current levels 

CAT is a great company, and then their earnings will be cut in half and we wait.  I think a couple years of good are coming.  I'll let you know after I scan the 2000 page bill that isn't written in specifics yet.  Deere was really no different until the stars aligned.  You gotta buy some of your shares really cheap for a longterm hold.