(04-29-2020, 10:49 AM)fenders53 Wrote: DAL up 20% this week. Dividend gone for years and I'm seriously not sure they have the FCF next quarter to buy employees coffee and toilet paper. I guess they can finance it.
F just announced they will lose the GNP of a small country the next few quarters. Div cut for years and stock is only up a little today. At least 20% up off it's low.
My purchases will be few and far between. There will be true bargains eventually. I'm starting to get bitter about this insanity. I'm plenty long equities but I sure don't know how I justify it at this point.
I'm out of the market. Selling all the stuff I bought in recent months. Some are up 30% from where I got it lol. I'm going 80% cash and will put under my mattress until the market corrects at least 20% lol. No earnings going forward and heavy debt. All these companies are pulling guidance for a reason. We will be going into a recession. It's coming and also we have the presidential election coming up. Everything is based on the corona right now and that's a dangerous game. I don't care if this market goes up another 10% I'm not falling for it. I'm up 28.7% this year now with all the trading in and out and what not. Nothing wrong with that. I will live to fight another day!
On the new stuff i bough recently I will just hold UPS, C and FRT and keep adding on dips. UPS will be one company I wll bank on of gaining 25% or more when it hits $115-$120 again. And of course I will hold onto my core holdings which will always be up unless the DOW hits 10,000 lol