What I Am Buying Today.

[fenders53]

I've posted this before but on Christmas Eve BABA got slammed and I tried to buy a few shares to start a position. I accidentally bought 222 shares. I had a mini stroke when I saw that trade post. I sold most of the shares before close and made a few hundred dollars. Held and traded a few more shares over the next six months before it became clear this was a train wreck. It's a miracle I didn't lose a bunch of money.

I know it doesn't feel right but when a stock does this you gotta wait for a bottom because you are just guessing now. Better to buy at 120 after it bottomed at 100 and the story changed. I've been the bagholder many times and the story was always the same. I just knew it couldn't get any cheaper, then it got cut in half again a few months later. Stop trying to convince yourself the fundamentals matter. They don't. You may not actually know the fundamentals after the CCP is done, and even if you did they still don't matter for now because trust is shattered and that won't fade real soon.

[ken-do-nim]

(09-24-2021, 09:02 AM)ken-do-nim Wrote: Over in the ROTH, sold DRN and put half into UPST and half into FB.

More ROTH action (which is a 100% growth strategy, not DGI).

Shaved off a little Adobe and a little Intuitive Surgical to make a starter position in Tesla.

Edit: Oh, and thanks to a Limit order, there is now $0 cash left in the ROTH. A rare feat!

[kblake]

Sold out of BMY. Got tired of waiting for it. At least I made $12 on it lol

Put the proceeds into FB and FDX

[ken-do-nim]

(09-24-2021, 01:36 PM)kblake Wrote: Sold out of BMY. Got tired of waiting for it. At least I made $12 on it lol

Put the proceeds into FB and FDX

I've seen a lot of forum movement with Federal Express.  I've never looked at it before; in part because of bias on my part that the function they serve is done just as well by the US Post Office anyway.  But interesting; they are at a 52 week low.  You may just do very well on that one.

Facebook I think we are all excited about this "meta-verse" virtual reality world they will be building (virtual real estate sales oh my!).  That's why I cashed out DRN earlier today to get started on Facebook.  The tough part about purchases in the ROTH is I always have to cannibalize from other holdings because I only get to put new money in once a year.

Alibaba has gotten a lot of talk here too, but it doesn't pass my "buy what you know" sniff test, so I've stayed away from it.

Hope everyone is having a nice Friday.  One week left in the quarter!

[fenders53]

FDX will get it straightened out but they are up about zero the past three years while their competitors have doubled. Management looks weak right now. They will figure if out eventually.

[Dividends from Scratch]

Sold BABA for a -33% loss.

[Dividendwayfarer]

Added a bit BMY today, yesterday and the day before yesterday. Lol

It will probably be a daily thing until it goes ex-div. then I’ll hold or use covered call to get rid of my shares. Along with MRK & AMGN, these 3 are disappointing DGI stocks in my port at the moment.

[rayray]

added

NKE
TSM
SAM
MTTR

[fenders53]

(09-24-2021, 04:10 PM)Dividendwayfarer Wrote: Added a bit BMY today, yesterday and the day before yesterday. Lol

It will probably be a daily thing until it goes ex-div. then I’ll hold or use covered call to get rid of my shares. Along with MRK & AMGN, these 3 are disappearing DGI stocks in my port at the moment.

That's a great strategy for value stocks seemingly stuck in a range, if you stay patient and don't force it when a sector is very oversold.  I see very few dividend sectors that offer pharma's value so I am going to keep my allocation there.  I did sell MRK after about four rounds of selling covered calls.

[fenders53]

Trimmed LMT as it ran through several limit sell orders. Still a full position but it was my #1 holding. I'll revisit that at a later time.

[EricL]

Used pooled dividends to add another 4 shares to my CMCSA position.

[kblake]

added some VLO and LMT

LMT headed to $400.