What Did You Buy Today?

[vbin]

(01-22-2020, 03:34 PM)fenders53 Wrote:

(01-22-2020, 02:56 PM)vbin Wrote:

(01-22-2020, 02:00 PM)fenders53 Wrote:

(01-22-2020, 01:31 PM)vbin Wrote: Added XOM and WFC. Comparing between 2 where to put my money purely based on numbers, it seems that WFC is a way better choice.

Probaby a good choice.  Although it looks like a decent point for a XOM trade entrance, I expect them to blow earnings report yet again.

Agreed, I also believe that in case of a crash, WFC might take a larger hit compared to XOM( given that oil is already trading low). Both look a decent buy so adding both slowly. I am way over-weight on XOM now.

I'd like to think we are near a bottom in oil major SPs but who knows?  I have been purchasing BP lately and probably for similar reasons you like XOM.  BP CEO press release surprised me today.  I happen to agree with him but the oil investors didn't like it.  If nothing else I'll try to scalp the huge BP div coming in a few weeks and sell some covered calls to lighten up next time oil is happy enough for a week.  I fight the temptation to go overweight oil because I just don't believe long-term anymore.  I've been burned some everytime I tried it.

Haven't read BP CEO's press release yet but I follow similar strategy on oil. Sell covered calls and puts.