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Add to my postion on Thurs.Bought UMPQ, FITB, & GBCI.... all already in my portfolio. UMPQ @ $16.26 All three had similar charts... hitting three month lows. Went ahead and bought them and kept some powder dry just in case they continue down. I will buy more since these are very long term holdings. FITB had the lowest P/E and is the biggest bank of the three. I still think there are income stocks to be found in the REITs, MLPs and stocks like KKR . But many of my favorite Industrial and Utilities have run up and now have high P/Es. In fact I have pointed out that the Utilities ..even after they post higher earnings and raise the dividend are at risk of falling back if the high P/Es just revernt to the norm. When everyone is looking for a safe haven and they jump on the same boat it can get overloaded and sink. -- Not a guarantee but a bigger risk than normal. ***PinewoodsBear*** |
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Msg # | Subject | Author | Recs | Date Posted |
46 | Re: Add to my postion on Thurs. ---UPDATE Dec. 2017 | PinewoodsBear | 0 | 12/4/2017 5:13:58 PM |