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Good entry point for appl, not as good for others
Rating: 2.00 (2 votes)
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I have given the competition an extra month to trade while I have been setting on my behind. I started my portfolio with appl at about 117.90 per share. That, in my view, was a good entry point. In order to become compliant with our rules, I will be adding goog, mos, nvda, t, vz, and bby. I feel that these stocks will ride a market downturn fairly well because they have been beaten down pretty hard this year (except for mos, which is a current momentum stock in the ag sector). Stocks beaten down hard, but with quality behind them, will not fall as far in any short-term market downturn. Therefore, as strange as it might seem, I consider t, vz, nvda, goog, and bby to be fairly safe for the short-term while I look for better entry points for additional positions. I definitely think I can get nvda, mos, and goog at better prices so I did not use my "full position" for this competition, which is about 100,000 per position. Will blog again soon. Doc | ||
