What Did You Buy Today?

[fenders53]

(03-03-2020, 12:50 PM)DividendGarden Wrote:

(03-03-2020, 12:25 PM)fenders53 Wrote: 3M masks are good PR but won't move the earnings needle. Just one of 10000 skus. 

That's exactly what I was thinking.

I hope nobody mistakenly interprets my comments for 3M bashing.  Great company.  I was trying to build a position when the mask hype started running the stock up when the market was falling.  I sold my shares on that spike and even shorted the stock for an hour or so.  I just missed nibbling some shares at the close today on a limit order by about 15 cents.  I'll try again in the morning. I have no delusions their next few quarters will be anything but mediocre.  I think it is a top ten aristocrat to own for ten years if you enter anytime soon.  They have disappointed the market so many quarters and have a floor under the shares.  I'm confident I am not going to wake up to bad 3M news and see an instant down 20% stock quote.  I have no such confidence for some of the others that haven't pulled back meaningfully.

I added a few shares of ADM today on a low ball limit order I place a few days ago.  Started a position in DOW.  I am grabbing a few shares of the high div blue chips for as long as this lasts.