What I Am Buying Today.

[fenders53]

(01-11-2022, 02:20 PM)Dario33 Wrote:

(01-11-2022, 01:28 PM)fenders53 Wrote:

(01-11-2022, 12:56 PM)Dario33 Wrote: The only dip I'm tracking is DG based on the latest downgrade news from WF...but it's still higher than my preferred entry point

DG is not a screaming buy here.  I've owned shares since it was well under 200.  I sell covered calls every month just daring it to hit 240.  DG is a good company and I could live with owning it for years more, but they are expanding at a VERY fast rate.  It's easy to screw that up if the economy has a hiccup.  They are battling supply chain too.  They run out of common items for a crazy long time when I can get it elsewhere locally.   Like paper coffee filters for almost two months.  Dog food aisle 95% empty for a week.  Really? I live 15 miles from a Purina factory that isn't closed.    Employees tell me it's pretty ridiculous as well.  Anecdotal yes, but it's all the DG stores near me.  They'll get it fixed.

Good points.  I live in the metro area but once we go 30 minutes out, there are DGs every 10 miles it seems and they are only expanding from here.  I was hopeful we'd see a dip to the 205-210 range...still waiting. LOL

Buy a few shares.  That will make it drop.     Seriously though I wouldn't be at all surprised to see DG at both 200 and 275 in the next 12 months.  I think 250 might be a better price target after supply chain expenses subside.  The analysts upgrade and downgrade DG and DLTR constantly.