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(03-20-2020, 03:35 PM)fenders53 Wrote: (03-20-2020, 03:23 PM)divmenow Wrote: Who sold BP this week?? It may have been the only stock up today lol
I can’t believe some of the sell offs late in the day on some names. Crazy especially being triple witching Friday!!
I sold a lot of bp and put it all in McD and wen on the low which I sold near the high today. Didn't do the math but may have worked out.
Great now you can go to MCD tonight and buy everyone a happy meal lol ?
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I think the real question now is:
what on earth are we going to do during the weekend when the market is closed? 
Maybe build a buy list (again)? I have a feeling that it's shopping time on Monday...
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(03-20-2020, 07:39 PM)crimsonghost747 Wrote: I think the real question now is:
what on earth are we going to do during the weekend when the market is closed?
Maybe build a buy list (again)? I have a feeling that it's shopping time on Monday...
Nothing to do we’re all on lockdown in my area. All we can do is watch Netflix and drink ? lol ...That’s the highlight of my day anymore
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(03-20-2020, 07:39 PM)crimsonghost747 Wrote: I think the real question now is:
what on earth are we going to do during the weekend when the market is closed?
Maybe build a buy list (again)? I have a feeling that it's shopping time on Monday...
Just about everyday is a shopping day. You can find a blue chip or a UTE down $10 when the market is up 500 pts lol. Glad the market is closed a few days. I somehow managed to not get killed this week. Didn't say I'm getting rich though lol.
I am interested in picking up Semiconductor stocks like Nvidia, Lam Research, Microchip and Intel/Texas Instruments. I believe as people stay home, they will be locked to their phones for entertainment.
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03-20-2020, 10:54 PM
(This post was last modified: 03-20-2020, 10:54 PM by vbin.)
(03-20-2020, 10:32 PM)chadnelson Wrote: I am interested in picking up Semiconductor stocks like Nvidia, Lam Research, Microchip and Intel/Texas Instruments. I believe as people stay home, they will be locked to their phones for entertainment.
I want to buy some semis too but Nvidia too expensive right now. Infact all of them are.
We cant go by the current PE. That's not valid anymore. If a stock was trading at a P/E ratio of 20 because the earning was $100, that's not valid anymore. Those earnings and revenue gonna take a huge hit.
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(03-20-2020, 10:32 PM)chadnelson Wrote: I am interested in picking up Semiconductor stocks like Nvidia, Lam Research, Microchip and Intel/Texas Instruments. I believe as people stay home, they will be locked to their phones for entertainment.
What you state is true, but it isn't going to result in overnight changes to the company financials. As VBIN implies, many of these companies are about to pre-announce a horrendous quarter, and if they are smart they will withdraw earnings guidance for as long as the rest of 2020. We can't know where the bottom is, but any stock trading at a high PE is at risk for significant pullback. Lower than even seems possible. Yes folks are stuck at home. And some of them will be stuck at home because they have no job. We are about to see some horrible unemployment numbers late next week. Worrying about paying the rent and car payment might just confine your entertainment purchases to a new subscription with Netflix or Disney (just an example).
We have to figure out at what point the bad news is baked into the price. Some restaurants and financials are getting there, and little else that I've noticed. I definitely want to grab some tech when it bottoms, but you gotta to get it close to right or you could be waiting years to get back to even. I've done that and it's not pleasant. Be patient and you just might buy a stock that triple in a few years. Pull up a 20yr chart on the companies you mentioned. Notice how hard a tech stock can pull back during the early stages of a down cycle.
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(03-20-2020, 07:39 PM)crimsonghost747 Wrote: I think the real question now is:
what on earth are we going to do during the weekend when the market is closed?
Maybe build a buy list (again)? I have a feeling that it's shopping time on Monday...
I've been spending a lot of today updating my tracking sheets for each of my DG stocks. Long overdue. Only about a third of the way through, but will do another big chunk tomorrow. I'm glad the markets are closed for a breather. I wonder if we're looking at a heavy down start to the week as the surge begins for real in parts of the country?
In any case, anyone looking at AFL right now? Yield is low compared to many of today's "bargains," but other metrics look great for a conservative stalwart like AFL.
Also appreciate thoughts on WFC.
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(03-21-2020, 04:32 PM)Kerim Wrote: (03-20-2020, 07:39 PM)crimsonghost747 Wrote: I think the real question now is:
what on earth are we going to do during the weekend when the market is closed?
Maybe build a buy list (again)? I have a feeling that it's shopping time on Monday...
I've been spending a lot of today updating my tracking sheets for each of my DG stocks. Long overdue. Only about a third of the way through, but will do another big chunk tomorrow. I'm glad the markets are closed for a breather. I wonder if we're looking at a heavy down start to the week as the surge begins for real in parts of the country?
In any case, anyone looking at AFL right now? Yield is low compared to many of today's "bargains," but other metrics look great for a conservative stalwart like AFL.
Also appreciate thoughts on WFC.
I am interested in WFC as well. It's pretty cheap right now but I am ready to bet that there is more 20% downside to it.
Long term it should be fine. Also they are a big lander and their earnings are going to take a big hit. I don't know how much they have been landing to shale companies and if you guys are following up, there was a huge layoff in oil sector last week. Not sure how many of their small business will default. Would appriciate thoughts from other folks.
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(03-21-2020, 08:04 PM)vbin Wrote: (03-21-2020, 04:32 PM)Kerim Wrote: (03-20-2020, 07:39 PM)crimsonghost747 Wrote: I think the real question now is:
what on earth are we going to do during the weekend when the market is closed?
Maybe build a buy list (again)? I have a feeling that it's shopping time on Monday...
I've been spending a lot of today updating my tracking sheets for each of my DG stocks. Long overdue. Only about a third of the way through, but will do another big chunk tomorrow. I'm glad the markets are closed for a breather. I wonder if we're looking at a heavy down start to the week as the surge begins for real in parts of the country?
In any case, anyone looking at AFL right now? Yield is low compared to many of today's "bargains," but other metrics look great for a conservative stalwart like AFL.
Also appreciate thoughts on WFC.
I am interested in WFC as well. It's pretty cheap right now but I am ready to bet that there is more 20% downside to it.
Long term it should be fine. Also they are a big lander and their earnings are going to take a big hit. I don't know how much they have been landing to shale companies and if you guys are following up, there was a huge layoff in oil sector last week. Not sure how many of their small business will default. Would appriciate thoughts from other folks.
I don't have much invested in banks. I somehow missed out on this pre-crash bad idea. I didn't miss many lol. The FED has made a very strong commitment to not allowing the yield curve to invert. That's important as they have to have that spread. Some of their other business like IPOs and such is gone for now. The banks just have to survive this time. I'd wait for a little more bad news on the virus numbers and then I think bank shares might be a very good opportunity. Better than most sectors anyway. As far as dropping 20% more? Maybe, but it's just a number pulled out of the air. We can say that about oil, tech, restaurants etc. We might get lucky and be right.
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https://seekingalpha.com/article/4333420...ay-for-now
The charts in this article from Darden are the first real stats I've seen. The sales dip through the first few weeks of the crisis is very ugly for sit down restaurants. DRI definitely on my watchlist. Same store growth momentum was looking pretty good before the shutdown. There will be some long-term value here soon enough.
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(03-22-2020, 05:32 AM)fenders53 Wrote: https://seekingalpha.com/article/4333420...ay-for-now
The charts in this article from Darden are the first real stats I've seen. The sales dip through the first few weeks of the crisis is very ugly for sit down restaurants. DRI definitely on my watchlist. Same store growth momentum was looking pretty good before the shutdown. There will be some long-term value here soon enough.
I would caution that they were an absolute basket-case up until the very last couple years of the ultra-bull market. For years, all you would read about as a shareholder was missed earnings, earnings revisions downwards, articles that dining trends were changing (most having a theme that Millenials don't eat at chain restaurants in the same numbers as baby boomers). Things could remain ugly for a very long time.
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