Time to shut it down on this trade for a while
As you all know LLL is merging with Harris. The merger should complete soon, maybe as soon as the EOM. As I look at this stock it seems that we have just completed a 5 wave up since the announcement. I believe the recent dip reflects some big profit taking. In my opinion it looks like it could hit the mid 250s one last time. Once it gets there I am out of this trade. I have my stop set tight and ready to jump any minute. Overall, I think the defense/war sector is a good trade. If you want to stay long in this space I think anything focused on SPACE is a good idea. Space Force however, funny it may sound is going to be huge. All the defense contractors are positioning for it. Just look at who is being acquired and merged. Just last Sunday UTC announced it is buying RTN.
UTC and RTN become one giant company and will represent one of the top 3 defense contractors and Harris/LLL will hold down the number 5 spot. Gotta have a hugesack to play in this game!
Let me know what you think of my perspective.
hugesack!
UTC and RTN become one giant company and will represent one of the top 3 defense contractors and Harris/LLL will hold down the number 5 spot. Gotta have a hugesack to play in this game!
Let me know what you think of my perspective.
hugesack!
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