04-22-2020, 10:35 AM
(04-22-2020, 09:18 AM)fenders53 Wrote: ABT is a great company long-term and Pharma is a safe haven right now. It's as if all of them will cure the virus. Most will miss out of course. They are pulling earnings guidance. I always have a lot of pharma and I bought a lot more on the big drop. Now I'm overweight so I trim. Doesn't make ABT a horrible buy today. I just see better value. I'll add more ABT some month soon. These drug stocks dip and rise several times a year. If you never sell then buy stocks when the values happen. Your entry price does matter.
This is what makes the forum very good IMO. Disagreement seems to be welcomed here as long as you present a thoughtful opinion. I adjust my positions when I am presented with logical arguments from any of the members. I'd rather make money than "win the internet" lol.
Agreed - this is a safe place to disagree and hear other perspectives. I basically never sell, so I tend to agree with you in general. There's just something within me that doesn't allow me to buy something at an all time high. I just don't get it. And I love pharma & healthcare.