Thursday, August 24, 2017

Buy list

8/31/17 Thesis, there will be some uncertainty in the markets if Congress screws up the debt ceiling and Government continuing resolution. Kathy and I have been able to buy some:
The potential buy list:
                     Today          52L        52H     Limit1   Limit2

AAPL          163.35         102.53   163.89
AMZN         967.59        710.10    1083.31
COST          154.44         142.11     183.18
GOOGL      943.63         743.59    1008.61
IBM              142.56       139.13      182.79
KR                  22.20         20.46        36.44
WMT             78.54          65.28        81.99
XOM              76.10         76.05        93.21


At reasonable prices on dips. We expect them to drop even further. Have to balance being careful with letting the opportunity pass. Plan to start using historical 52 week low as a guide.
NOTE: XOM is below the 52 week low when we bought it.

The problem is that even a 52 week low is potentially high since it is an 8 year bull. And any stock that has not appreciated since five years ago is not likely to now, unless there is one heck of a story.

Limits 8/31/17
KR    200 20.02
WMT 50 77.02
XOM 50 75.02

8/24/17 AMZN announced it was dropping prices on Whole Foods and KR dropped 8%, WMT 2%. Also, the US Government is having a tough time with their budget. Let's start setting some limits for worthy companies, who knows, wish us luck, will revisit ROK soon?

WMT 50 77.53
WMT 50 77.02
KR 200 20.52

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