What Did You Buy Today?

[fenders53]

(03-08-2021, 03:31 PM)MikeWa Wrote:

(03-08-2021, 02:27 PM)stockguru Wrote:

(03-08-2021, 01:56 PM)fenders53 Wrote:

(05-07-2020, 11:15 AM)kblake Wrote: bought WFC, GD, FRT, MO, PM and BRK.B

I'm still holding 48% cash for other opportunities

(03-08-2021, 01:42 PM)crimsonghost747 Wrote:

(03-08-2021, 01:15 PM)fenders53 Wrote: Somebody explain the re-opening stocks to me.  Massive balance sheet damage, dividend eliminated, hoping to make five year ago level profits in 2022.  Stocks approaching the top of their pre-Covid range when things weren't all that great for most of them pre-Covid anyway.  There are numerous examples and SIX would be one of them.  What am I missing?

If the price is close to pre-covid range.
Then I think the play is: everyone is bored and has tons of money. (this part is well supported by the actual numbers) 
They will spend it as soon as they get a chance to and buy tons of experiences. So cruises, zoos, disney parks, your six flags, restaurants etc.

It's not a long term play, but rather a "earnings will be crazy for a Q or two" play. Or at least that is my view.

That is some of it.  SIX plans to lose big money this year despite reopening.    Next year some 2016 earnings.  I think it's just zero DD momentum hoping.  Restaurants make more sense.  The majority maintained some cash flow through this and small competitors died.  

Added AAPL-ENPH-TSM-ARKF. Still just nibbling.some of these are newish losing positions now.  When is the rotation back to tech scheduled while they scream the DOW is overvalued?  I'll be proud of them if they wait a month lol.

AAPL off BIG FROM the highs and CCL continues to go up. Rubbish 

I added 35 more AAPL

Why not? I went crazy and added 4 shares :-)

I'm not so convinced AAPL is a crazy low can't resist bargain here, but I nibble anyway.  I'm confident enough if I don't get excited about owning it, I can leave later this year with at least a small profit.   If AAPL is in trouble, tech is in real trouble.  They have enough cash to not be overly concerned with interest rates.  Some of their suppliers are sure getting whacked so they may not be so immune to rates.