What Did You Buy Today?

[fenders53]

(07-22-2020, 09:54 AM)divmenow Wrote:

(07-22-2020, 09:21 AM)fenders53 Wrote: Gave my RTX position a serious haircut.  Sold a covered call on the remaining shares.  Not sticking around with a big position for an earnings report next week I am certain is going to be depressing.

We will see how that plays out. I think it goes up since it’s been punished so much. Bad news is already factored in. If KO can go up just imagine how far RTX can shoot up?! My crystal ball says up $4 lol ?

I don't even know.  You could be right and it pops for awhile.  The problem is the CEO is honest.  I think the guidance is going to be just awful for half their Biz.  I sold all the shares in my "retirement boat account".  I may need that money this winter so I can find a better option.  I do believe RTX will be more than fine long-term or I would have sold a lot more shares in my big account.  The share price may not represent it, but BA is nothing but a dumpster fire for many quarters.  A LOT of companies depend on their business as you are well aware.  I'll buy another defense stock on a dip with at least part of the proceeds.