(02-26-2020, 12:19 PM)divmenow Wrote:

(02-26-2020, 12:03 PM)fenders53 Wrote:

(02-26-2020, 11:25 AM)divmenow Wrote:

(02-26-2020, 11:06 AM)fenders53 Wrote:

(02-26-2020, 10:56 AM)divmenow Wrote: I don't own OXY anymore buy wow its now under $36. With the way its trading I guess they expect the dividend is going to be cut.

I'm looking to get LOW today as well. The numbers weren't that bad at all

I was wondering if you still owned it.  It's the same ol same ol debt story in the oil patch.  OXY has some toxic financing.  The Warren Buffet loan shark deal looks real bad right now.  I think they were counting on $60 oil.  I think we all were.  They are in trouble if we visit $45 oil and sit there.  The flu could cause just that.  I was reading an article the other day.  If OXY ever does run, Buffet can execute those warrants and just keep on selling to get that part his money back.  In addition to the loan interest that I think is at 8 1/2%.   

LOW looks good but I'd want it just a little cheaper.  HD (the company) is going to keep outperforming them, but the spread in share price is probably excessive.  HD is gonna choke on all that debt when the economy turns.  Whatever year that is lol.

Yeah I actually sold OXY twice for a profit and I didn't want to take a my chances a 3rd time lol.

Today really is not a good day to buy. I don't like buying unless the market is down big. I just don't see 400 green holding and we still have downside left. Even with the the market dropping 3% we still are no where near over sold. Like really APPL up $9. Why lol?

I'm waiting on the 3 day rule before I buy LOW. Hoping for $110

The stocks I'm waiting to dip further are the ones that will be affected by China like MMM, UPS and SBUX. Just wait until the virus comes to the US. You haven't even seen panic yet lol.  I know the utilities are very over valued but they may be the ones who continue too see new highs. Tech is vulnerable right now and I'm just not ready to dip my toes in that sand yet lol

Look at that XOM is red again 

Yeah I am sitting here just dying to buy.  I was tied up at work yesterday or I would have bought some industrials.  Who is that one guy that preaches "never do today what you wish you had done yesterday?"  Now I remember. that was me lol.  Keep an eye on me please and thank you.  I need to go find something constructive to do before I start forcing trades. 

And just so you know, oil jokes are in very poor taste here right now.    I feel sorry for those idiots that own XOM.  Luckily I own BP instead.  Oh wait, that didn't work much better lol.  You just gotta smile through this and try not to do the same dumbass stuff again. 

Yes, AAPL moves blow my mind.  Is yesterday's flu all better now?  It's just momo day traders and the algos.  I just hope the correction doesn't go much deeper.  Those clowns start getting forced to liquidate with margin calls and this gets worse for awhile.  Another down 1000 and I'd bet that starts happening.  I think we are safe for now.

Ha what did I tell You. That 400 point green is gone already. It happen like 5 min after I wrote lol. Looks like you can buy now.  Oh wait we may may close down 400-500 points now. To wait or not to wait. That is the question 

(02-26-2020, 12:38 PM)fenders53 Wrote: This mornings run was a sucker rally as we suspected. The market is fighting to stop the bleeding though. The weekend is coming and that represents some short-term FLU news risk. I'm not buying 100 shares of anything. The Prez is going to hold a press conference tonight and everything will be fine. Does he even have a Health Secretary or did he fire him last week? Doesn't matter, the FED should have known to cut rates and stop the flu from spreading lol.

(02-26-2020, 01:00 PM)EricL Wrote:

(02-26-2020, 12:38 PM)fenders53 Wrote: This mornings run was a sucker rally as we suspected.  The market is fighting to stop the bleeding though.  The weekend is coming and that represents some short-term FLU news risk.  I'm not buying 100 shares of anything.  The Prez is going to hold a press conference tonight and everything will be fine.  Does he even have a Health Secretary or did he fire him last week?  Doesn't matter, the FED should have known to cut rates and stop the flu from spreading lol.

If today's gains don't hold it could get ugly at the end of the week. Have to think margin calls would be going out on Friday if we drop much further.

(02-26-2020, 02:56 PM)divmenow Wrote: SO XOM hasn't seen $53 since June of 2005.  Crazy!

I should just buy some and hope we don't get to 2002 level of $35 lol

Anyone else feel like this is a bargain now? If you like MMM you mine as well own XOM right

(02-26-2020, 02:33 PM)divmenow Wrote: Hey Fenders did you get more RTN now. Its back on sale lol. I just added 15 shares at $201.15

(02-26-2020, 03:01 PM)stockguru Wrote:

(02-26-2020, 02:56 PM)divmenow Wrote: SO XOM hasn't seen $53 since June of 2005.  Crazy!

I should just buy some and hope we don't get to 2002 level of $35 lol

Anyone else feel like this is a bargain now? If you like MMM you mine as well own XOM right

Wow I have no idea regarding XOM. So 15 years later were back to the same levels. That is crazy!!

But unless oil is completely gone how can you not buy here now? This remind me when oil 10 years ago were all hotting new lows. Then they eventually became buy and they hit new 52 week high a few years later. If the dividends are safe this may be the buying opportunity of a lifetime 

(02-26-2020, 08:01 PM)crimsonghost747 Wrote: I didnt get to grab that HON and LHX yesterday because the open was so crazy.
I'll try again later this week, probably on Friday.