What Did You Buy Today?

[divmenow]

(10-30-2020, 09:41 AM)fenders53 Wrote:

(10-29-2020, 09:11 PM)EricL Wrote: I'm no chartist, but I'd agree that the NOC chart doesn't look good at all.

Failed to rise above $350 multiple times and now looks like it broke support under $300.

And this is why I mentioned up front the chart is clearly broken.  I knew somebody would bust my chops.  Should I just go buy an industrial with a PE 50% above historical PE and a YOY revenue drop?   All major defense stock charts look like this right now.  Should give me some time to accumulate if I decide to buy NOC.

Agreed they all look horrible. But they did back in March and April too lol. But charts mean nothing to me. A stock can recover and stock can fall even if a chart looks great or not. Charts don't tell the whole story. Especially when a market is collapsing. They can spring back in a heartbeat. This is short term and I think months and years out. All I know is that NOC is a bargains here. And bargains are hard to pass up. So I bought 25 shares of NOC to start off with   

If you buy 2 shares who cares if you buy in at $268 0r $260 LOL.