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/ #POST-235191
REDDIT
Why is Booz Allen Hamilton, Lockheed Martin, and other defense stocks dropping?
I have been in and out of BAH. I originally bought at about $78 sometime last year and then noticed it go to $84 and then come back down to $80 and so I just sold everything because I sensed it would go down further. I was right.
**And so I set another limit buy for around $75 and it triggered a few months ago.** From that point in time the stock has gone up to the $80 range down to the $73 range, up and down, and now it is in the high 60s.
As for LMT, I set a limit buy sometime last summer in the $400 range which never filled.
You would think that with all these wars going around, that these defense oriented companies would do well but there are somehow range bound.
# Why are the wars not helping these stocks?