What Did You Buy Today?

[Otter]

(12-11-2018, 10:29 AM)crimsonghost747 Wrote: More TD.to

On my list to add more. Am about -6.5% on a position I initiated about a year ago. 

Added to my position in SQ this morning. Not a dividend payer, and no telling where the bottom is with these fintech growth companies, but nibbling at 36% below the highs seems alright.

[DividendGarden]

used pooled dividends to add to XOM today.

[fenders53]

(12-11-2018, 10:50 AM)Otter Wrote:

(12-11-2018, 10:29 AM)crimsonghost747 Wrote: More TD.to

On my list to add more. Am about -6.5% on a position I initiated about a year ago. 

Added to my position in SQ this morning. Not a dividend payer, and no telling where the bottom is with these fintech growth companies, but nibbling at 36% below the highs seems alright.

The fintechs will require monitoring as always, but over all financials have reached a point where the risk-reward is hard for me to pass up.  Very solid institutions paying nice dividends, and many have slowly corrected 20% like a tech stock coming off a run. Perhaps I am missing something, but it's not like I am hearing anyone predicting a major bank or insurance company is about to go out of business, or even significantly miss earnings.  

Started a position in a Vanguard Financial ETF, to go along with my positions or puts on BAC, PRU and MET.  Sold some of my utility ETF because the utes are looking pricier by the day.  We'll see how that goes.  I'm more diversified in any event, though it may require extreme patience with the financials as Buffet seems like the only one that likes them in 2018.

[Otter]

Added to F, PM, JPM holdings today.

[divmenow]

Bought some UPS and BEN

[divmenow]

Added some AAPL down here and MO. MO is now my 3rd largest holding. Sold out of CLX and KB after getting in near the lows last April.

[fenders53]

(12-12-2018, 11:07 AM)divmenow Wrote: Bought some UPS and BEN

You're early on UPS.  You heard it here first.  or maybe not and I am just messing with you to make conversation anyway.  It's on my radar to sell UPS puts.  I think it is heading toward low 90s real soon.  We'll see.  I think the retailers are squeezing UPS and FDX margins to honor the free shipping we all demand.

[divmenow]

So your falling for that AMZN news as well are you lol. UPS is just fine. Its been a buy every time its reached these levels. Just think back when all those auto part companies hit new lows because god for bid Amazon was going to get into the auto parts business. Well all those companies have since hit new highs. This is another of those over reaction times. I'm making conversation too LOL

[fenders53]

(12-12-2018, 02:32 PM)divmenow Wrote: So your falling for that AMZN news as well are you lol. UPS is just fine. Its been a buy every time its reached these levels.  Just think back when all those auto part companies hit new lows because god for bid Amazon was going to get into the auto parts business. Well all those companies have since hit new highs. This is another of those over reaction times. I'm making  conversation too LOL 

Longterm I agree (read that a few quarters from now.)  UPS is very well run.  I am going out to eat with one of my best buds tomorrow.  He just retired as a UPS driver and I try to squeeze him for insider info before earnings lol.  He does call around but all he really knows is local trends. He bought UPS shares for years pre-IPO.  That wasn't a half bad move.  He made a not so small fortune fortune overnight when they went public.  To me anyways, making $250K on one stock would quite noticeably affect my retirement income.

While I have no doubt AMZN is causing trouble again, the activity in FDX stock causes me more concern.  Maybe nothing is up, and no I don't think UPS is headed for $50 even if the quarter is horrible.  In the end those two rule the space.  Even AMZN is a smallish player right now.  AMZN can just pick a few major cities to cause trouble in, and I'm sure they probably have because disrupting is what Bezos does. FDX and UPS really have no choice but give some price concessions in certain areas. They'd be insane not to as long as they stay acceptably profitable, short-term margins be damned.

[Otter]

(12-12-2018, 02:32 PM)divmenow Wrote: So your falling for that AMZN news as well are you lol. UPS is just fine. Its been a buy every time its reached these levels.  Just think back when all those auto part companies hit new lows because god for bid Amazon was going to get into the auto parts business. Well all those companies have since hit new highs. This is another of those over reaction times. I'm making  conversation too LOL

P/E has only dipped this low twice in 20 years, it's 25% off of its highs, 3.5% yield is well-covered, and growing at a respectable 7% annually over the past decade. My cost basis is $107.84. It may drop farther, but I'm okay with averaging down at the current price.

Edited to add - I will back up the proverbial dump-truck if it falls into the low 90s.

[fenders53]

(12-12-2018, 03:00 PM)Otter Wrote:

(12-12-2018, 02:32 PM)divmenow Wrote: So your falling for that AMZN news as well are you lol. UPS is just fine. Its been a buy every time its reached these levels.  Just think back when all those auto part companies hit new lows because god for bid Amazon was going to get into the auto parts business. Well all those companies have since hit new highs. This is another of those over reaction times. I'm making  conversation too LOL

P/E has only dipped this low twice in 20 years, it's 25% off of its highs, 3.5% yield is well-covered, and growing at a respectable 7% annually over the past decade. My cost basis is $107.84. It may drop farther, but I'm okay with averaging down at the current price.

Edited to add - I will back up the proverbial dump-truck if it falls into the low 90s.

Put some fuel in the truck now so you aren't late when it happens. 

All my non-crash cash is tied up as put collateral now so I have no choice but hang out here and cause trouble lol.

PS, is the blue-line in your graph Amazon Air flying over UPS and FDX?

[Otter]

(12-12-2018, 03:09 PM)fenders53 Wrote:

(12-12-2018, 03:00 PM)Otter Wrote:

(12-12-2018, 02:32 PM)divmenow Wrote: So your falling for that AMZN news as well are you lol. UPS is just fine. Its been a buy every time its reached these levels.  Just think back when all those auto part companies hit new lows because god for bid Amazon was going to get into the auto parts business. Well all those companies have since hit new highs. This is another of those over reaction times. I'm making  conversation too LOL

P/E has only dipped this low twice in 20 years, it's 25% off of its highs, 3.5% yield is well-covered, and growing at a respectable 7% annually over the past decade. My cost basis is $107.84. It may drop farther, but I'm okay with averaging down at the current price.

Edited to add - I will back up the proverbial dump-truck if it falls into the low 90s.

Put some fuel in the truck now so you aren't late when it happens. 

I'll be ecstatic if your prediction comes true. My only regret about 2009 is that I didn't have a ton of money to sink into the market during the once-in-a-generation fire sale on stocks. As it stands now, I've been very happy to see some Consumer Staples stalwarts like MO/PM get really cheap at times during this year. Sure wouldn't mind a little market irrationality to the downside hitting some more on my Dividend Champion add/buy list (AWR, EMR, MMM, KO, JNJ, VFC, ED, and many more!).