(09-04-2020, 11:31 AM)fenders53 Wrote: It's been a very good week to be defensive. Port is down 1% the past few days and I am calling that a "risk adjusted" win.

Sold a lot of put contracts today with very good premiums due to rise in the VIX. "Had to" because I haven't had any new income this week, but still in boring stuff that dropped with the market like NEM-GOLD-SLV-WBA-BMY. Those can be fipped to tech if this market dives for real. Techs are only good for a trade here on this baby dip.

Would have grabbed some spec/tech puts but just couldn't type fast enough to catch them low enough. I think I will just add a few shares to my stocks that dropped since yesterday. My wild guess is I am 35% cash. Hope I get a chance to get more money in the market soon but I am not going to chase stocks with PEs 150% of historical. Most anything good is there and I'm not biting. Said I wouldn't touch retail but might sell a DG or DLTR put. That's been working for me and the dip is nice enough.

(09-04-2020, 11:35 AM)vbin Wrote:

(09-04-2020, 11:31 AM)fenders53 Wrote: It's been a very good week to be defensive.  Port is down 1% the past few days and I am calling that a "risk adjusted" win.    

Sold a lot of put contracts today with very good premiums due to rise in the VIX.  "Had to" because I haven't had any new income this week, but still in boring stuff that dropped with the market like NEM-GOLD-SLV-WBA-BMY.  Those can be fipped to tech if this market dives for real.  Techs are only good for a trade here on this baby dip.  

Would have grabbed some spec/tech puts but just couldn't type fast enough to catch them low enough.  I think I will just add a few shares to my stocks that dropped since yesterday.  My wild guess is I am 35% cash.  Hope I get a chance to get more money in the market soon but I am not going to chase stocks with PEs 150% of historical.  Most anything good is there and I'm not biting.  Said I wouldn't touch retail but might sell a DG or DLTR put. That's been working for me and the dip is nice enough.

150%? That's great value compared to Tesla's PE of ~1100. That too after the fed and central govt rebates. Musk should really thank China for letting him do business almost tax free and giving him loan for the factory and then not taking much equity in Tesla's chinese business. Books will be written about what we are witnessing.

(09-04-2020, 10:02 AM)stockguru Wrote: Wow that 70% cash I went into was a good move after all

But now the MMM's are stealing you shares and shaking the weak hands.

I jumped in a few shares of AAPL, added to LOW, SQ, ABBV and PEP.

Sold some puts as well and I'm in the money on most I purchased last week

Just adding to my top 10. Still am 65% cash

(09-08-2020, 10:06 AM)ChadR Wrote: Over the Labor Day weekend we had to replace our stove and dishwasher.  Got them from LOW (sorry Fenders).  Took the old stove, dishwasher, and about a year's worth of cans collected to the scrap yard to get a total of $30.  Used that to buy 1 share of VIAC this morning to add to what we already had.  Good to get rid of scrap metal and turn it into a stock.