04-29-2020, 02:02 PM
Slow day. Sold FCX. A copper miner I bought right before the virus. Got out just a few percent above even after being way down. I never have much spec in my port but almost every bit of it was directly in the cross hairs of the virus. I guess a little more flight to quality is in order for my personal situation (age). Spec is all good when you are winning more than you lose.
Still trimming some of my overpriced pharma, but very slowly. ABT is a wonderful company but the Div just doesn't meet the strategy and I don't think it will soon. They just don't qualify to be a full position for now. Everyone pulling guidance seems alarming near all time high SPs. The market doesn't seem to mind so far. BMY is a candidate for an add. Pharma seems to be cooling off if they aren't directly benefiting from the virus solution. I think elective surgeries and routine live in person physician appointments have to return or pharma profits may be subdued next quarter.
Still trimming some of my overpriced pharma, but very slowly. ABT is a wonderful company but the Div just doesn't meet the strategy and I don't think it will soon. They just don't qualify to be a full position for now. Everyone pulling guidance seems alarming near all time high SPs. The market doesn't seem to mind so far. BMY is a candidate for an add. Pharma seems to be cooling off if they aren't directly benefiting from the virus solution. I think elective surgeries and routine live in person physician appointments have to return or pharma profits may be subdued next quarter.