10-03-2019, 10:31 AM
(10-02-2019, 12:59 PM)stockguru Wrote: Who would have thought the home builders would be reaching new highs today. This is a weird market lol
At least that should bold well for names like HD and LOW
Regarding MMM. I could never time the market either I just go on instinct and way the company has continued to miss earnings not even participate in the last 3 years with the market. I have on watch list but for me I would only take a position if it goes much lower. Everyone has their own opinion. For me its about companies who are executing.
That isn't a bad strategy. We like to bottom fish here, and it generally does turn around in the long-term if it's a Bluechip. It takes time to turn the battleship around and it's easy to get in way too early. IMO nothing wrong with nibbling MMM here. The dollar cost averaging thing pays off when you are entering a troubled stock. Some of your purchases will very likely be at or near the bottom.