What Did You Buy Today?

[fenders53]

(03-05-2020, 02:50 PM)stockguru Wrote:

(03-05-2020, 02:41 PM)fenders53 Wrote:

(03-05-2020, 02:17 PM)divmenow Wrote: CBRL looks tempting but no one is going to go out to eat. Too many things to catch in the food industry. But it’s on my buy list. Hoping for cheaper as is the case with DRI. Almost 4%

Nobody is going out to eat now?  What makes you say that?  It's a US based restaurant.

I think it's the fear of going out and catching something. I think that's why the coranavirus is going to keep people from going out to restaurants. Already you have people getting it in NY, NJ, TN, and others. More to come and more panic

I just bought XLE LOL. I figured why not its now at 2009 levels 

[fenders53]

(03-05-2020, 02:57 PM)fenders53 Wrote:

(03-05-2020, 02:50 PM)stockguru Wrote:

(03-05-2020, 02:41 PM)fenders53 Wrote:

(03-05-2020, 02:17 PM)divmenow Wrote: CBRL looks tempting but no one is going to go out to eat. Too many things to catch in the food industry. But it’s on my buy list. Hoping for cheaper as is the case with DRI. Almost 4%

Nobody is going out to eat now?  What makes you say that?  It's a US based restaurant.

I think it's the fear of going out and catching something. I think that's why the coranavirus is going to keep people from going out to restaurants. Already you have people getting it in NY, NJ, TN, and others. More to come and more panic

I just bought XLE LOL. I figured why not its now at 2009 levels 

Cuz people not driving anywhere need gas for their car?  Talking out both sides of your mouth. I own plenty of oil and hope you are right with the XLE pick.

[stockguru]

(03-05-2020, 03:00 PM)fenders53 Wrote:

(03-05-2020, 02:57 PM)fenders53 Wrote:

(03-05-2020, 02:50 PM)stockguru Wrote:

(03-05-2020, 02:41 PM)fenders53 Wrote:

(03-05-2020, 02:17 PM)divmenow Wrote: CBRL looks tempting but no one is going to go out to eat. Too many things to catch in the food industry. But it’s on my buy list. Hoping for cheaper as is the case with DRI. Almost 4%

Nobody is going out to eat now?  What makes you say that?  It's a US based restaurant.

I think it's the fear of going out and catching something. I think that's why the coranavirus is going to keep people from going out to restaurants. Already you have people getting it in NY, NJ, TN, and others. More to come and more panic

I just bought XLE LOL. I figured why not its now at 2009 levels 

Cuz people not driving anywhere need gas for their car?  Talking out both sides of your mouth. I own plenty of oil and hope you are right with the XLE pick.

Oil is a lot cheaper than CBRL. Oil is at a 20 year low. CBRL has more room to go down still. People have to drive to go food shopping, doctors ect. Eating out is not a necessity. Which is more and more people will be staying home to eat. But hey that's just my opinion lol

[divmenow]

(03-05-2020, 03:21 PM)stockguru Wrote:

(03-05-2020, 03:00 PM)fenders53 Wrote:

(03-05-2020, 02:57 PM)fenders53 Wrote:

(03-05-2020, 02:50 PM)stockguru Wrote:

(03-05-2020, 02:41 PM)fenders53 Wrote: Nobody is going out to eat now?  What makes you say that?  It's a US based restaurant.

I think it's the fear of going out and catching something. I think that's why the coranavirus is going to keep people from going out to restaurants. Already you have people getting it in NY, NJ, TN, and others. More to come and more panic

I just bought XLE LOL. I figured why not its now at 2009 levels 

Cuz people not driving anywhere need gas for their car?  Talking out both sides of your mouth. I own plenty of oil and hope you are right with the XLE pick.

Oil is a lot cheaper than CBRL. Oil is at a 20 year low. CBRL has more room to go down still. People have to drive to go food shopping, doctors ect. Eating out is not a necessity. Which is more and more people will be staying home to eat. But hey that's just my opinion lol

Something a long those lines Guru. Also You have a large older population that's still a large percentage of their business and will not go out if virus continues to increase. It will end at some point but the fear will still be there for some time. I love CBRL, in fact I go there weekly lol. Its not going to keep me away,. but for the older generation it will for now.

[Binary]

Bought a bit of BEN and CBRL

[vbin]

Bought, OXY, WES, DCP.

[fenders53]

(03-05-2020, 04:40 PM)00vbin Wrote: Bought, OXY, WES, DCP.

 
I grabbed a few shares of my industrials and defense stocks.  As long as the market swings wildly I'll trim or add a little every day.  I'm deep as I care to be in oil or I would grab some.  You are definitely right Guru.  Oil is probably cheaper than most everything right now.  I don't know if they will ever recover like I hope, but it is hard to imagine they go down much from here.  The majors anyway.  There is no bottom for small cap oil when oil prices crash.   Unfortunately I learned that lesson more than once.

[crimsonghost747]

I wish I would have the balls and the knowledge to do those one or two day trades. If you've even been close to having the right idea, then it has been ridiculously profitable.

I've actually only made a single transaction this week, that was to short the French CAC40 index as I mentioned in the other thread.
I'm still waiting for the prices to come down a little. My first batch of purchases was last weeks Friday when the SP500 was around 2900. That was a relatively small one.
My plan is to do my first massive wave of buys when the SP500 is in the 2800 - 2750 range. I really do hope we get there, it's pretty crucial to my strategy. And then of course I'm hoping we will go much lower as I have quite a bit of additional levels where I want to push more and more money in.

[fenders53]

(03-05-2020, 11:17 PM)crimsonghost747 Wrote: I wish I would have the balls and the knowledge to do those one or two day trades. If you've even been close to having the right idea, then it has been ridiculously profitable.

I've actually only made a single transaction this week, that was to short the French CAC40 index as I mentioned in the other thread.
I'm still waiting for the prices to come down a little. My first batch of purchases was last weeks Friday when the SP500 was around 2900. That was a relatively small one.
My plan is to do my first massive wave of buys when the SP500 is in the 2800 - 2750 range. I really do hope we get there, it's pretty crucial to my strategy. And then of course I'm hoping we will go much lower as I have quite a bit of additional levels where I want to push more and more money in.

I would enjoy more swing trading.  I probably wouldn't be that successful at it.  My nature is to buy stocks that have pulled back a little.  In the very short-term, those stocks tend to  pullback a little more, rather than to rise higher.  I have no interest in doing what I see the day traders on youtube doing.  Buying thousands of shares of random junk Momo tickers and trying to hold them for two minutes.  I'm not amazed most of them go broke quickly.  They try to bail quickly and limit their losses when they miss, but there are so many things that can go wrong.   

Most of my recent trading is not really planned.  It's working because of the extreme volatility.  I'm averaging down about 15 stocks with many small purchases.  Some of them rip higher the next day or two.  I have no confidence the spike is gonna hold, so why not sell a few shares off in a non-taxable account?  I can buy them back tomorrow.  I'm selling covered calls on some of my shares when they fly, as a small hedge, buy to close a few days later if that happens to make sense because the premium is mostly gone.  It will work until it doesn't. 

[divmenow]

The ones who are patent on here will have a good 2020 lol. I;m sitting with cash and have barely spent it. Just glad I got out when I did. Now when to get back in. That is the million dollar question lol. The coronavirus has now hit the states and that's not good. I see more pain to come. S&P 500 at 2750 or so would be a nice entry point. I see a lot of these companies with a yield at over 6-7% suspending its dividend. They wont be able to pay it out. That news will be coming. I have no doubt there. By no means am I saying we're done here. I have a big buy list ready and the time will come to buy those names. The market always gives you a opportunity. My goal is to to buy in small at S&P 2800 and then gradually add.

In the meantime I quite happy with my gold, bitcoin and a few other names that pay monthly dividends before I'm ready to get fully back in.

Now I will show you which names I'm looking to buy if you show me yours lol

[kblake]

(03-06-2020, 09:37 AM)divmenow Wrote: The ones who are patent on here will have a good 2020 lol. I;m sitting with cash and have barely spent it. Just glad I got out when I did. Now when to get back in. That is the million dollar question lol. The coronavirus has now hit the states and that's not good. I see more pain to come. S&P 500 at 2750 or so would be a nice entry point. I see a lot of these companies with a yield at over 6-7% suspending its dividend. They wont be able to pay it out. That news will be coming.  I have no doubt there. By no means am I saying we're done here. I have a big buy list ready and the time will come to buy those names. The market always gives you a opportunity. My goal is to to buy in small at S&P 2800 and then gradually add.

In the meantime I quite happy with my gold, bitcoin and a few other names that pay monthly dividends before I'm ready to get fully back in.

Now I will show you which names I'm looking to buy if you show me yours lol

I agree. The market needs to keep going down. None of this yoyo trading. There was no reason the market should have been up 1100 points the other day. That was just a suckers rally. We all said it on here. Better opportunities are coming. Its nice to have some cash on hand for these tough times. Imagine if you were fully invested? You would be stuck!! Its still too early to take positions. We may have a few up days but the sentiment is down. V, MA, MSFT, SBUX, APPL are just a few of the companies to warn. Just wait until the rest of them do. The airlines, retail transports are in for a rude awakening. All theser retails are going to have to delay for the holidays. They start in July so this will hurt company shipments. 

My buy list consists of FDX, AFL, MO, RTN, LYX, CBRL, SPG,  LOW, VLO, PSX, EOG, HD, CSCO, BA, AAPL, AXP, MET, V, KO, DRI, SBUX just to name a few lol

[Otter]

I am building my shopping list of Aristocrats (or similar quality like MSFT) with clean balance sheets, low payout ratios, and decent Chowder numbers. Not ready to buy yet, but hoping for the ability to buy some names that have been consistently overvalued (for good reason) for the past decade.

Also hoping to pick up some classic growth blue chips like AMZN and GOOG at sale prices if the baby gets thrown out with the bathwater.