(06-09-2020, 02:33 PM)divmenow Wrote:I think I am going to add JNJ in moderation. This quarter is a likely going to stink. I suspect it will only matter if the stock happens to have run up by then. MDT guidance makes me believe that. They should know if medical device sales are down due to lack of elective procedures. I realize this is anecdotal, but yesterday I took my wife in a for a scan to a clinic I remember as always very busy. Here is what it was like at 1PM in a state that isn't locked down.....(06-09-2020, 02:10 PM)kblake Wrote: added some MO, VIAC, ITW, and AFL
Mo looks to be breaking out. $50 on the horizon. Did anyone buy this above $55? I also wanted to get in before the ex-dividend
Good companies I would have waited a few days. RSI are still showing overbought. Howver JNJ is at a 46 RSI which is right where you can normally buy it and feel confortable.
I will most likely add JNJ today since its one of the lowest RSI right now
Parking lot 80% empty. Call and office assistant brings paperwork to your car in the parking lot. There is no waiting room jammed with patients now. Fill out forms and wait until they call you, then straight to the diagnostic area. Place was a ghost town and they are laying nurses off.
Not saying you can't buy now, but I see no need to chase if you're late. There is a reason why they are a little flat right now. Of course the market generally shows no inclination to be reasonable now as troubled industries go MOMO.
