October 5, 2018. Well…….Thursday was not fun. The stock market tumbled as well as our Core Portfolio holdings. As we mentioned yesterday morning, the financials are very weak and the chickens came home to roost during the day.
Our primary focus is dividend paying individual corporate bonds, and other fixed income investments like floating rate instruments. Today we are buying something other than bonds for a change……we are buying a STOCK for a short term TRADE. We studied trading for over nine years, but have always preferred to focus in the fixed income dividend paying arena.
This is not a long term holding, simply a trade in a holding that looks positive and could produce some decent return rather quickly.
BUY HAL, Halliburton Company. See a short description below. The price this morning is $41.89
Ticker Symbol: HAL CUSIP: 406216101 Exchange: NYSE
BUSINESS: Halliburton Co. is one of the world’s largest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.