Friday, February 2, 2018

Fishing for a few bargains

Corrections test you and if you did not know why you got into a stock, you are highly likely to panic.  If on the other hand you like the fundamentals of your income stocks, you have two choices:
  • DON'T LOOK
  • BUY MORE

I am looking for AAPL at $159 or better
WMT which I lost to a call buyer at $99 or better

I am adding a little to XOM and CVX.   And, I added a little to WSO at $177.   If these continue to slide I will add at 5-10% correction intervals.

I would add to CVS rather than add CAH but I am fully weighted in health care.  If I have calls assigned in two weeks, I will reconsider both CVS and CAH.   

M* MoneyMadam

Disclosure:  Long AAPL, XOM, CVX, and WSO