We are finally seeing some decline in stocks like $MCD+2.6% $PEP+1.0% $PG+0.5% $KO+0.6% and $SBUX+0.6% has been added as well I think the decline is not over and so finally those new here will be able to buy into these good stocks for at least some first position to possibly dilute further.. :) It's just a shame that $MSFT+0.6% and $GOOG-0.8% haven't joined in yet... :)
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I would like to buy$PEP+1.0% and $MSFT+0.6%. Of course, that would require the share price to go down by double digits.
I'm gonna start picking up that $PEP+1.0% at 180 and lower... It's not gonna be easy to get below, say, $175... And $175-$180 is a fibo of 0.618 to 0.786 which I take as a buy zone to at least start buying... 🙂 Plus a trendline that's been tested for two years maybe 7 times 👍
Luckily I was still buying $KO+0.6% at a decent price 😀
They would still have to go down a lot for me to consider them. Having maybe $KO+0.6% in my portfolio would be nice.
The$MSFT+0.6% and $GOOG-0.8% may not even go down due to the fact that they are now on course due to AI :)
JJ, those technologies are something. I've been holding the opinion that the market should fall at least about 8-10% for over a month now. I understand the boom around AI, those companies are overdoing it, but it's not much when it's things like the conflict in Ukraine, still high inflation, rate hikes ... I personally don't go long in tech and IT right now, on the contrary, I've tried to go short at times, luckily I put stops so losses are low. As for the "consumer" ones (I marked it that way for myself since we drink, eat their products), that's fine and I personally am waiting for an opportunity to buy $PG+0.5% and $SBUX+0.6% the one under $100 will be fine :)
You just don't see that, I'd still like to see a bigger drop though 😅
$KO+0.6% at $60 or less would make sense I think. But I don't believe it will go much or long term below that.. 😃
I would like $KO in my portfolio, hopefully it will go even lower.