(07-09-2020, 04:01 PM)divmenow Wrote: And Fenders stop copying me with your LHX and LMT buys today hahaOil stocks are garbage, are you drinking again?
But I have to say. I like the entry points and will add even more if they get cheaper lol
Speaking of cheap Those oil stocks are getting cheap again. PSX and CSX. I currently own no oils names but am watching to get back in!!
Saimash, ignore Divemenow and my banter, or jump in the middle if you'd like lol. Neither of us is going to starve to death. He is a better trader than I am. I think I am at least a little older and nearing retirement My core positions tend to be more conservative at this point of my investing life. He is right about averaging into positions. That's rarely a terrible idea. They can always go lower.
I'm pretty much all in on defense stocks now. I'll have a look at NOC though. If I never buy another share of RTX it's all good. My position isn't tiny and I was early. Stock has been dropping for a year and I bought it a half dozen times. I'll need a significant drop or I'll just hold and give it a few years if the dividend remains, which they insist is safe. I've been lied to before lol.
Back to oil. I am tip toeing in with put sales. I feel safe enough since RDS.b already cut and I am fine with current Div. I wish BP would cut and be done with it. I'd buy a few shares after that. They aren't going BK. None of the oil majors are but it would sure suck to eat a 20% SP loss and have the div cut hard.