+- Dividend Growth Forum (http://DividendGrowthForum.com)
+-- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=15)
+--- Forum: Dividend Growth Investing (http://DividendGrowthForum.com/forumdisplay.php?fid=33)
+--- Thread: What I Am Buying Today. (/showthread.php?tid=2014)
Pages:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
RE: What I Am Buying Today. - fenders53 - 06-29-2022
(06-28-2022, 02:21 PM)divmenow Wrote:It's been a stair step down. Down 2500, up 1000, down 1500, up 1000..... Every rally not quite good enough.(06-28-2022, 08:49 AM)MrFortune Wrote: Sold out of a lot names this morning. I'm now 40% cash and will wait for better entries.
Looks like that was a smart move. Market lost 600 points since you sold
I can see another 15% or so correction from here. Nothing has changed to have made the market go up in recent week. The shorts will take control again. And agree oil is probably the best place to be while the market sorts it all out.
RE: What I Am Buying Today. - fenders53 - 06-29-2022
(06-28-2022, 11:32 AM)poneyboy Wrote: 2 shares of HD. I'm slowly going in lolIt's getting closer to my buy back in range. Glad you went slow. I was still working PT when HD hit about 430 and the Covid sugar high was starting to fade. I knew it would end bad.
RE: What I Am Buying Today. - cemanuel - 06-29-2022
This morning I'll begin setting $65 BBY LBOs. This is a tax play as I have a full position already. I have some shares bought earlier this year in the 90s so my plan is to buy, wait 31 days, then sell an equivalent value of higher-priced shares at a loss.
I don't have a lot of these opportunities in my taxable account but once I make the sale I'll look for other companies I can do something similar with.
I also need to turn drip off on my BBY in my Roth - been caught by wash sale rules there before, not that it amounts to a lot.
Why $65? It's a level that I set a while back and I'm confident it will reach. Will it go to $60? Probably; I don't think the bear market ends for a while but while I want to be greedy I don't want to get too greedy plus with 31-day intervals I need to start sometime to get as many of these in as possible before things turn.
I also doubt it gets to $65 today but it's getting close enough for me to start setting the orders.
RE: What I Am Buying Today. - fenders53 - 06-29-2022
(06-29-2022, 07:07 AM)cemanuel Wrote: This morning I'll begin setting $65 BBY LBOs. This is a tax play as I have a full position already. I have some shares bought earlier this year in the 90s so my plan is to buy, wait 31 days, then sell an equivalent value of higher-priced shares at a loss.Sounds like a good plan. BBY is probably destined for the low 60's anyway so your order should execute. I am trying to decide when to finish the last third of my BBY position. I started more recently so I might get my average below 70. That will have to do. The dividend is sweet down here. I suspect it will be Christmas before we like the share prices, if not next year.
I don't have a lot of these opportunities in my taxable account but once I make the sale I'll look for other companies I can do something similar with.
I also need to turn drip off on my BBY in my Roth - been caught by wash sale rules there before, not that it amounts to a lot.
Why $65? It's a level that I set a while back and I'm confident it will reach. Will it go to $60? Probably; I don't think the bear market ends for a while but while I want to be greedy I don't want to get too greedy plus with 31-day intervals I need to start sometime to get as many of these in as possible before things turn.
I also doubt it gets to $65 today but it's getting close enough for me to start setting the orders.
RE: What I Am Buying Today. - poneyboy - 06-29-2022
Bought CCL. I know this will take time but at $9 you can make money.
RE: What I Am Buying Today. - poneyboy - 06-29-2022
(06-29-2022, 06:29 AM)fenders53 Wrote:(06-28-2022, 09:45 AM)Mr1share Wrote:Buy it if it gets near there. NKE has a tendency to trade overvalued for a long time now. That brand just won't die. I only swing trade it though. We've seen it hit PE 70 more than once the past five years. That is nutty and I am out when that happens.(06-28-2022, 09:34 AM)fenders53 Wrote:(06-28-2022, 08:49 AM)MrFortune Wrote: Sold out of a lot names this morning. I'm now 40% cash and will wait for better entries.We may or may not run up a little more, but there is a pretty good chance that's not a terrible decision. Earnings start soon and I'm sure there will be enough bad news to create opportunity. It only takes a few of the blue chips in a couple different sectors to wreck the mood.
Just look at NKE. Over valued and Cramer pumped it this morning lol. It's now down $4
Still way over valued. This is a $80 stock at best
Nike's price-to-earnings ratio (FWD) is approximately 32x, which is more than double the consumer discretionary sector median of ~12.5x. The firm's EV/EBITDA and P/CF are also showing a similar trend and indicating that Nike is trading at a significant premium compared to its peers.
We understand that Nike is a growing company and its strategic shift to direct-to-consumer sales may result in expanding margins; however, we believe that such a significant premium is not justified. Further, we expect several macroeconomic factors in the near future to create headwinds for Nike's business in the near term.
RE: What I Am Buying Today. - Marknew - 06-29-2022
Added DE, COP and ITW
RE: What I Am Buying Today. - divmenow - 06-29-2022
New position in CCL. At $8.40 its now at a all time low and cheaper then when covid hit lol . That MS downgrade told me we are near a bottom. I cruise every year on Carnival
Added COP as well
RE: What I Am Buying Today. - ChadR - 06-29-2022
Initial position in GOODN (preferred stock). Added to LOW, O, ONL, and SBUX.
RE: What I Am Buying Today. - divmenow - 06-29-2022
Who's buying SHOP at $32. I see it spit. I had on my watch list and was like wow this one really fell off the cliff
RE: What I Am Buying Today. - fenders53 - 06-29-2022
(06-29-2022, 08:43 AM)poneyboy Wrote:I definitely own mostly value but NKE has been ignoring articles like this for five years. I have never lost money buying dips. If it goes a lot lower I will be on it. Rinse and repeat. Pick whatever PE you we like but the market doesn't care when they ramp sales just a little. Maybe it's a year from now? I am not buying now so it doesn't matter. We'll die of old age waiting for a sector valuation.(06-29-2022, 06:29 AM)fenders53 Wrote:(06-28-2022, 09:45 AM)Mr1share Wrote:Buy it if it gets near there. NKE has a tendency to trade overvalued for a long time now. That brand just won't die. I only swing trade it though. We've seen it hit PE 70 more than once the past five years. That is nutty and I am out when that happens.(06-28-2022, 09:34 AM)fenders53 Wrote:(06-28-2022, 08:49 AM)MrFortune Wrote: Sold out of a lot names this morning. I'm now 40% cash and will wait for better entries.We may or may not run up a little more, but there is a pretty good chance that's not a terrible decision. Earnings start soon and I'm sure there will be enough bad news to create opportunity. It only takes a few of the blue chips in a couple different sectors to wreck the mood.
Just look at NKE. Over valued and Cramer pumped it this morning lol. It's now down $4
Still way over valued. This is a $80 stock at best
Nike's price-to-earnings ratio (FWD) is approximately 32x, which is more than double the consumer discretionary sector median of ~12.5x. The firm's EV/EBITDA and P/CF are also showing a similar trend and indicating that Nike is trading at a significant premium compared to its peers.
We understand that Nike is a growing company and its strategic shift to direct-to-consumer sales may result in expanding margins; however, we believe that such a significant premium is not justified. Further, we expect several macroeconomic factors in the near future to create headwinds for Nike's business in the near term.
RE: What I Am Buying Today. - fenders53 - 06-29-2022
(06-29-2022, 10:02 AM)divmenow Wrote: New position in CCL. At $8.40 its now at a all time low and cheaper then when covid hit lol . That MS downgrade told me we are near a bottom. I cruise every year on CarnivalI am sure are aware CCL is pretty much fighting to remain solvent. The Robinhood kids are broke so they may not be able to come in for the save. Be careful with this one. I would sell any bounce and do some DD.
Added COP as well