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Re: bar1080 post# 112

Tuesday, 09/26/2023 3:21:55 PM

Tuesday, September 26, 2023 3:21:55 PM

Post# of 129
Bar, I doubt many penny stock types will be following CTAS :o)

CTAS earnings out today, and seemed OK, but I guess with the stock's high valuation, it was deemed not good enough. So down almost 5% today.

The market is still worried from the Fed meeting, and now the upcoming 'govt shutdown', which seems increasingly likely. Main stock indices have reached near term oversold (RSI 30 area), and I've been gradually adding to some positions. I figure things could stay weak until this govt shutdown issue is resolved. I know you aren't into charts, but looks like the S+P 500 might test the 200 MA during this selloff. If the govt shutdown does happen, then next week could also be weak.

Fwiw, I'm trying to do what Buffett is likely doing right now, which is to add to long term positions. My stock allocation has creeped up to 22%, and I might bump it up toward 25% during this selloff. You're an old pro with buy / hold, but for me getting the allocation % right is still a 'work in progress'. 20-25% seems like the sweet spot, but time will tell..




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