What Did You Buy Today?

[fenders53]

(01-26-2021, 06:10 PM)pdaignau Wrote:

(01-26-2021, 04:00 PM)fenders53 Wrote:

(01-26-2021, 12:51 PM)Otter Wrote: Really like LMT down here, as well. Also like LDOS under $105 if it dips that low this year.

I didn't go crazy today because I do give some respect to the "three day rule" for a stock in a hard decline after earnings.  I only grabbed about 10 more shares, but I have been adding one or two now and then since it breached $350.  I am ready to get serious on LMT and just close my eyes for years if I have to.  There are few stocks I have more confidence in a few years down the road.  Not just surviving, but maintaining earnings growth when the unexpected happens.  It's been my plan for some time to make it my largest holding.  I just know political rhetoric is going to throw some cold water on the party at some point.  The market will react whether it is meaningful or not in the short-term.  I would not advise anyone to buy a defense stock if they are going to worry where it is in a few months.  We are paddling against the current, and sentiment is what the market is all about today.

I followed suit, buying10 shares of LMT.  I don't own any individual stock in this sector.  I figured this is as good a price as any to start a position at.

It's a decent entry.  Probably the best aeronautical defense pure play.  LHX for ground war equipment.  Some of the others have exposure to commercial aviation which may or may not be good for now.  At some point it will likely be an advantage.  (RTX)