What Did You Buy Today?

[fenders53]

(07-06-2021, 11:11 AM)stockguru Wrote:

(07-06-2021, 11:06 AM)fenders53 Wrote:

(07-06-2021, 10:50 AM)stockguru Wrote:

(07-06-2021, 10:38 AM)fenders53 Wrote: Inflation already here with commodities blowing out record highs.  So far lumber is about the only thing that crashed halfway back to earth.  Now we'll see how long it takes for reality to set in that 2% isn't what happened.  

Tough to jump in on these tiny tech pullbacks that last a day.

I wont be buying any tech for a long. long time. No reason to. I have very few names I hold. Valuations are at extreme levels even when I sold. And that was weeks ago lol . Every Dick, Tom and Harry buy nothing but tech and all they keep saying is were going much, much higher. That may be the case. But it can turn on a dime. 

What ever happened to buy low. Not buy high and expect higher 

I wont chase tech. I don't care if it rallied another 1000 points from here. I'm not biting or playing that game.

There are a lot of names I like and have pulled backed to levels I can at least take a stab at, and not one is a tech name. 

Even AMZN is up $100 today on JB retiring 

Buy low and sell high is an antiquated Boomer strategy.      Seriously that is the way it has seemed for a couple years now.  I've added a little tech here and there the past six months.  Wish I was in another 5% of my port but it will have to do.  Chasing has rarely worked out for me if I intended to hold for more than a week or so.  Something will be on sale soon enough.  There is always a bull market somewhere as cousin Jimmy says every day lol.   That's a true enough statement.

That is the only strategy that works over the long haul. Chasing has always gotten me in trouble over the years. I know better now 

CAT is getting interesting. I understand I should have bought more at $80 a few years back, but at least you got a significant pullback from the highs lol

I bought some CAT just last year sub 120 IIRC.  Had most if it sold by $150.  I have no doubt CAT is going to have a great year but the market looks ahead so I don't see it as particularly safe here.  I did the same trick with a number of other industrials that are up close enough to 100% now.  HON would be another.  If I blew the trade I blew the trade.  Chasing won't fix it for long.  There will be a better day to re-enter these deeply cyclical plays for a true investment.