(05-18-2020, 09:02 AM)divmenow Wrote: Sold out of TGT and SBUX this morning. I got in at the lows in March and they are becoming a bit over extended now. I love both companies and will be looking to get in at lower levels.I highly approve of your decision to lighten up on retail. I know you were very concerned what I think. The risk reward just isn't there. You'll get another chance before the summer is over and a little reality sets in. Big box is about to get some competition from small biz. Important stuff like bars and the little retailers that are back in business most places.
Also sold my BCO and made 7 points in 3 days. That was good timing. I will live to fight another day lol
Hoping to get in some utilities. But need them a bit lower
I suggest you nibble UTEs. They have several downs days a week lately. I predict they get attractive by the time next round of horrid earnings reports and Div cuts happen. I read over 250 Div cuts have happened already with many of them SP500 stocks.