03-19-2019, 02:51 PM
(03-19-2019, 10:16 AM)fenders53 Wrote: Finally picked up some Ute shares today. Very small positions in AEP- D-WEC-SO and XEL. They are all currently overpriced by 5% IMO, and paying too much for slow growing Utes rarely pays off in the short-term. Bought the shares with profits from all the puts I sold that expired worthless while trying to be forced go to long since AUG18. Yeah, I would have been a little better off just going long then, but I couldn't predict UTEs would run higher in the face of the FED tightening. That isn't normal. The put sales will continue and sometime soon I'll finish these positions out quite suddenly. Who knows when.
Utilities are over valued right now. Most are trading at high valuations and dividend yields compared to there norm. They need to come down another 15% or so before I will add new money. I bought a lot of those names in Nov-Dec of last year.