What I Am Buying Today.

[fenders53]

(02-25-2022, 09:30 PM)kblake Wrote: TRV, HSY, NUE and ADM are 4 rock solid stocks right now.

Fenders that TTCF you like it near a 52 week low but at least its basing. You adding here?

Thought on IP at these low levels. This company should do well in rising interest rates.

No, definitely not.  I played with it during the time when the market was stupid and you could just buy anything with a story, but never intended to build a LT position.  I'm not sure they will every get substantially profitable.  I know of a youtuber that truly invested $1M dollars in TTCF.  He also overinvested in another 10 garbage stocks.  I still follow to watch the train wreck unfold. Most of these are not coming back ever.  Some will bottom bounce no doubt, but I'm out in a market like this.  Back to my safe place quite some time ago.  I really hate to give profits back.     

I've owned IP over the years well.  Very cyclical of course but I buy it when it's low and the dividend is very high.  Gets caught in a range so good for conservative option sells.  It finally blew through a covered call about a year ago I think.  I have no doubt a lot of materials/resoure stocks will do fine, but the easy money was made.  I try to stay informed on oil and lumber, and did well, but it's once big money starts manipulating the commodity it's just a casino.  They never let me know when they are going to rotate out.

[fenders53]

(02-25-2022, 02:06 PM)poneyboy Wrote:

(02-25-2022, 10:52 AM)fenders53 Wrote:

(02-25-2022, 10:39 AM)poneyboy Wrote: Deposited 6k in my Etrade and bought FL, CMI and CAT

Thought you cashed out?  

Just messing with you, but almost everybody that "quits" comes back and posts some new buys a few weeks later.  That's a good thing. 

Guess I better get to town for a new phone before the market pukes and makes me sad I can't buy.

No I actually posted a few weeks ago on my new buys,

I'm a rookie but where else am I going to put my money. The bank 

So I see a lot of names are bouncing off 52 week lows. Any you recommend?

I like AOS, and FL so far and pay dividends.

What about MSFT, APD, FDX?

Best advice I have is move into stocks gradually, and stick with some of the quality names like you listed.  Definitely average in.  My crystal ball says the bottom occurs by APR, but it's been wrong before.  I am avoiding most falling knives until they truly look like the sellers are exhausted.  Just because a stock is at it's 52 week low doesn't make it fairly valued in a normal market, if normal even exists in our near future.  PYPL is a good example.  Great company but never worth anything like $300.  Investors thought they were stealing it at $200. Is PYPL a good deal around $100?  I think it probably is.  How long did it take to get from $300 to $100. It was at a 52 week low for much of the journey.

The goal here is to not end up with 25-50% of your port in stocks that are years away from ever breaking even for you.  Trust me that isn't any fun to endure.  Could MSFT, FDX, TROW or TGT go lower?  Of course they can, but six months from now you won't be wondering if they are going out of business.

[stockguru]

BP going to get hit hard tomorrow. Thinking at least 10-15%. Depending how far it goes down I may have to buy more. I will be watching

BP have confirmed they are offloading rosneft stake according to the BBC.

[fenders53]

(02-27-2022, 12:45 PM)stockguru Wrote: BP going to get hit hard tomorrow. Thinking at least 10-15%. Depending how far it goes down I may have to buy more.  I will be watching

BP have confirmed they are offloading rosneft stake according to the BBC.

The market will attempt to figure out a multitude of sanction side effects for many companies.  EU and US is large enough to squeeze any country economically, but there will be some cost.

[cemanuel]

(02-27-2022, 07:45 PM)fenders53 Wrote:

(02-27-2022, 12:45 PM)stockguru Wrote: BP going to get hit hard tomorrow. Thinking at least 10-15%. Depending how far it goes down I may have to buy more.  I will be watching

BP have confirmed they are offloading rosneft stake according to the BBC.

The market will attempt to figure out a multitude of sanction side effects for many companies.  EU and US is large enough to squeeze any country economically, but there will be some cost.

Yeah - going to be some pain. Both investing and otherwise. That's OK, it's nothing compared to what Ukrainians are going through.

On the plus side, beyond energy, Russia's economy is tiny. But energy impacts everything.

[fenders53]

(02-28-2022, 06:01 AM)cemanuel Wrote:

(02-27-2022, 07:45 PM)fenders53 Wrote:

(02-27-2022, 12:45 PM)stockguru Wrote: BP going to get hit hard tomorrow. Thinking at least 10-15%. Depending how far it goes down I may have to buy more.  I will be watching

BP have confirmed they are offloading rosneft stake according to the BBC.

The market will attempt to figure out a multitude of sanction side effects for many companies.  EU and US is large enough to squeeze any country economically, but there will be some cost.

Yeah - going to be some pain. Both investing and otherwise. That's OK, it's nothing compared to what Ukrainians are going through.

On the plus side, beyond energy, Russia's economy is tiny. But energy impacts everything.

Agreed, I understand Ukraine's western lean was annoying Russia, but the invasion was an incredible over-reach.  I wasn't paying close enough attention to the Russia-Ukraine conflict either.

[kblake]

Added PPG

[fenders53]

Sold puts on USB-BWA-ABNB I got assigned some ENPH shares I sold today but I will be back for them soon.

[kblake]

Added TSM as well. Never thought it would get this low

[MrFortune]

Added some PEP, TSM and FB

[MrFortune]

Back into Gild after selling at $72

Yield now 4.78%. Its always been a good buy under $60

[poneyboy]

Trimmed NOC and put it into HON

Still own 18 NOC