(01-05-2023, 03:23 PM)kblake Wrote: Added some GOLD, DVN, O and MRK
I'm still not ready to buy names like MSFT, TSLS, AMZN ect. I still think there's a lot more downside left. I'm limiting my risks for 2023
The market is finally getting right and given those high flyers a reasonable PE (Still over valued)
If a company has a PE over 25 I don't want it lol
I like those adds.
I add NEM last week
And I agree on tech. Look at the insider selling on big tech just this week. CEO's, CFO'S selling in GOOG, MSFT ect. This tells me they expect them to head lower.
I just have this feeling 2023 will be worse then 2022. I can see a bit of a rally late in the year and into 2024. But I'm not touching anything with a high PE either. Numbers still need to come down.
I still like oil, drugs, Gold and materials
Banks I'm nibbling soon