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Strategies & Market Trends : Young and Older Folk Portfolio

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red cardinal
To: chowder who wrote (733)1/11/2022 3:17:19 PM
From: chowder1 Recommendation  Read Replies (1) of 21751
 
Re: Young Folk Portfolio ... Add on buy.

Today I added to WSM which is in the Roth account.

WSM is down over 30% from its 52 week high. The position is actually down 16% in this portfolio so I thought I would go ahead and buy the dip.

Most of the research firms I follow have a Buy rating on WSM.

Jefferson Research, Argus, The Street, and CFRA. Credit-Suisse doesn't have a report out at this time.

WSM is one of the smallest positions in this portfolio and I'll keep it small until I see an earnings report where they beat earnings and revenue expectations, raise guidance, and the market reacts favorably to it.
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