Friday, April 28, 2017

CVS at $82

I hate to chase a stock.  I am chasing CVS.  You may recall that I decided to add it to the 2017 portfolio but I have not yet pulled the trigger.

This is where I was better at buying for my clients than for me.   When a client decided to buy a stock, the first thing I did after the meeting or phone call was to place that order.  You have discretion as an adviser but that can cause nothing but trouble.   For my own money, I can prevaricate hoping to get my stock at a lower cost.

Buying at the right price is important and $82 is max for me for CVS because that translates to a yield under 2.5%.    Since I have committed this stock to the portfolio, Monday, I will put in an order for CVS at $82.  I will let you know how it goes.  I would prefer $80 as this is a 2.5% yield.  For the portfolio, I will pull the trigger tomorrow one way or the other.

M* MoneyMadam

Disclosure:  Will add within 72 hours.



The risks of buying before earnings. CVS down a bit today. So I personally sold $82.50 May 19 calls on my $82.50 buy and put in a buy at $79.90. Working the portfolio. In the 2017 Portfolio, I have to stick with the buy. M*


Placed a buy on open order for CVS which filled at $82.04. Updated 2017 portfolio is displayed below.