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Looking for TCHP …..

hank
edited June 2022 in Fund Discussions
:( New blue chip ETF from TRP. I’d like to begin speculating in graduated small amounts. Don’t want to be hit with a fee if I sell some off within 60 days. (I’ll assume performance would be similar to TRBCX.)

Wonder why Fido can’t locate this one? For that matter, Lipper can’t pull it up either.
-

Edit: I had the ticker wrong. Was searching for TCHIP and the correct ticker is TCHP. Thanks to all who helped. The reason I chose Sunday to do a test buy was to iron out any problems in advance before hitting the floor running!

Comments

  • bumine
    Ticker symbol, TCHP (no "I"):

    https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=TCHP&type=o-NavBar
  • hank
    Thanks. Will keep trying.
  • hank
    Thank you again @bumine. Did a test buy and worked. My problem was using “TCHIP” rather than the correct “TCHP.”
  • BaluBalu
    @hank, daily volume is not yet great. When you buy, please post here about the bid-ask spread. Thanks.

    A similar and perhaps, more beta is FBCG (Fidelity).
  • hank
    edited June 2022
    “When you buy, please post here about the bid-ask spread.”

    OK. (More of an if than a when.) But happy to share whatever I can. I believe anybody with Fido can submit a “tentative” order and view the “ask” / bid” prices without actually putting it through.
  • yogibearbullyogibearbull
    edited June 2022
    @hank, may be edit the Subject to fix the ticker. Thanks.

    BTW, bid-ask displayed over the weekends (or, when the markets are not open) are stub/fake quotes, not real at all.
  • hank
    yogibearbull said:

    @hank, may be edit the Subject to fix the ticker. Thanks.

    BTW, bid-ask displayed over the weekends (or, when the markets are not open) are stub/fake quotes, not real at all.

    Yes. I took a screen shot when I did a test buy today. It shows: Bid $14.45X2 and Ask $000.X0 with volume of 117,543. So figured something was off.

  • BaluBalu
    Regular trading hours are the real measure of bid-ask spreads / liquidity. You can see bid-ask spreads on live quote - you do not need a tentative order to see bid-ask spreads. The spreads should decrease if AUM / volumes / liquidity increases over time. So, the spreads are not necessarily static.
  • hank
    edited June 2022
    @BaluBalu, I have no issue with the spreads. I’m happy to supply the bid / ask quotes when I have access to them as you earlier seemed to request.:) But, I’m beginning to think that you or anyone else can probably acquire the same information on your own …..
  • hank
    edited June 2022
    Plan to begin transitioning from PRWCX into TCHP is now on the “back burner”. Futures markets are charging higher tonight. Wouldn’t you know?
  • CrashCrash
    TCHP. Did you see the P/E on that bugger??????? 31+
  • hank
    edited June 2022
    Crash said:

    TCHP. Did you see the P/E on that bugger??????? 31+

    Owning things like Microsoft, Apple, META and Tesla will cause a high P/E. I compared TCHP to a RYT, a popular Invesco Tech ETF, and the P/E is similar. Of course DCA’ng in gradually during a falling equity market is different than buying all at once. And, since the fund doesn’t disclose holdings for 15 days, those P/Es have come down some.

    BTW, I wouldn’t recommend TCHP or anything else I might own or contemplate to anyone else.
  • MikeMMikeM
    @hank, TCHP looks a lot like QQQ to me. Same stocks, slightly different distribution. I don't have the stomach to be contrarian and move into tech right now. That said, I did buy a little AAPL last week, but paid for it by selling a couple VERY big losers - ARK type stocks.
  • hank
    edited June 2022
    Good to hear from you @MikeM. Many ways to skin a cat.:)

    Would only tip-toe in if the markets continued falling. Doesn’t appear to be the case.
  • hank
    edited June 2022
    MikeM said:

    I did buy a little AAPL last week, but paid for it by selling a couple VERY big losers - ARK type stocks.

    Mike’s obviously not a “Woodstock” fan.
  • CrashCrash
    hank said:

    Crash said:

    TCHP. Did you see the P/E on that bugger??????? 31+

    Owning things like Microsoft, Apple, META and Tesla will cause a high P/E. I compared TCHP to a RYT, a popular Invesco Tech ETF, and the P/E is similar. Of course DCA’ng in gradually during a falling equity market is different than buying all at once. And, since the fund doesn’t disclose holdings for 15 days, those P/Es have come down some.

    BTW, I wouldn’t recommend TCHP or anything else I might own or contemplate to anyone else.
    *****Gotcha.
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