(03-24-2020, 08:53 AM)divmenow Wrote: I finally took a position in MMM this morning at $121.40. I figured this thigh has been down for a long time. Worst may be behind them now and they are ramping up production due to the Corona. This will now become a 5-10 year hold.Nothing wrong with that plan. I don't think they are anywhere near done blowing earnings reports, but this entry will work long term. I've been adding on the hard dips and have a low basis. If the market dips much more folks will just yawn when these companies blow earnings. They just need the liquidity so massive loans don't have to happen to stay in business and avoid div cuts.
I sold all my BWA today for a significant loss. I'll need to find a stock with far less headwinds that is also down 30%. That shouldn't be very challenging if I wait for the stimulus spike to wear off.
The restaurant buys last week look good. I still have plenty of shares left. CBRL is on fire and I have a full position. Left WEN too early but it wasn't a bad trade at all.