What Did You Buy Today?

[DividendDragon]

Nibbled again on SBUX.

For disclosure I originally bought at around $50 so am still sitting on gains.

Before the correction I had £13,000 ready to invest and add to positions. Now I have £10,000 after nibbling, I'm thinking I got a bit too itchy but who can predict movements ey?

Anyway my question for everyone here - at what level is everyone planning to heavily buy? For me, another 10% move downwards I would invest a further £3,000.

10% after that another £4,000 with another £3,000 waiting if things get real bad.

That would then be a 40% drop in the market at that point.

I was just 16 in 2008 so have no memories of how bad things got and was looking for perspectives from people who invested through it

[MikeWa]

I've heard a theory that you should invest 30% of your cash with a 10% drop, next 30% after next 10% drop and another 30% after yet another 10% drop.

[fenders53]

(03-11-2020, 02:30 PM)stockguru Wrote:

(03-11-2020, 02:16 PM)Kerim Wrote:

(03-11-2020, 10:13 AM)fenders53 Wrote: Capitulation is finally here for BA.

Dropping like a stone right now -- $190.

Everything is dropping like a stone. There goes everyone's retirement and pensions. So now the  Cpronavirus is a pandemic?? Give me a break!!

Look at these stocks. At this rate we me be back to Dow 15,000 lol.  UPS, FDX, WFC, DIS, UNP...... I cant list enough names.. 

I didn't take it seriously either and it cost me some money jumping in too early.  It may or may not be the Spanish Flu in the end, or even much more deadly than seasonal influenza, but our perception is not as important as the world and market's perception.  We've seen enough to know it is in fact highly contagious, and that alone means it will take a high death toll in the elderly.  When public events are cancelled, there will be a substantial loss of GDP in so many industries.  That's the reality whether it's overblown or not.  I watched DIS, FUN and my airline stocks get hurt for obvious reasons.  Then the rest of the industry to include BA and their suppliers I own like UTX, RTN etc.  It just steam rolled half my port.      

I learn new lessons from every market correction.  It's been really obvious the world was taking this very seriously long before I did.  This will pass of course, but I could have handled it much better had I opened my mind much earlier and traded accordingly.

[divmenow]

(03-11-2020, 03:25 PM)DividendGarden Wrote:

(03-11-2020, 03:21 PM)fenders53 Wrote:

(03-11-2020, 03:07 PM)Ron Ricco Wrote: This is one reason I love this forum, the investors here see this as opportunity. It is so refreshing compared to the conversations I have with friends/family or those on other SM outlets.

Same, this is my "stock e-family" lol.  I can tell you folks I just bought a stock that is down $40 and not be looked at like I'm stupid, unless I'm actually being stupid lol, then I'll get an honest opposing viewpoint I better go research before it's too late.  You get encouragement to stay the course here, rather than mocked by somebody else that had a much better week.  Most stock forums are absolutely horrible when it comes to that.

Agree with both Ron and Fenders.  Thanks to my DGI family.

This is my home away from home. I talk on here more then I talk with my own wife lol. She wouldn't be too happy right now that our fortune is dwindling   

I don't go anywhere else but this forum. Which ever names I see Eric buying; I try and copy his every move. Its like that EF Hutton commercial back in the day. When Eric talks, people listen.”   

I spent a lot these past few days. Wish I waited on some but I'm happy with my purchases and where the yields are at. I have some more cash left over just in case we go down another 10%. But to me this is way overblown.  The market was way over priced but now its getting a bit ridiculous. Which I'm fine with especially all the times I wa shoping for a correction. I just didn't foresee it being this bad   

I added a few names today. GD, RTN, SBUX, JNJ, T, BTI, CBRL and SYK, 

I am watching banks, airlines, Reits, travel, restaurants and entertainment. Those still have a long way to fall. If everyone is stuck inside no more traveling or eating out or placing loved ones in nursing homes. I know I bought CBRL and SBUX but they were just in my buy range at the moment lol. FDX, DAL, UPS, VTR, FUN, RCL, WFC, PNC DRI and others have been crushed.

[vbin]

I added ... None. Just closed 4 puts I opened yesterday and again kicking myself for not holding them. Still have 3. I am buying more puts tommrow. We gonna test 2500 unless stimulus comes.which again will be a just a bump on the way down.

[vbin]

just checked, we are already 2600. Kick, kick, kick for closing those puts today.

[vbin]

Any buyers of boing at this price?

[EricL]

(03-12-2020, 07:32 AM)vbin Wrote: Any buyers of boing at this price?

I wouldn't be. They have a perfect storm of Max issues, huge inventories, declining orders, damages due to lost revenues for airlines, and now an airline industry that will be facing financial difficulties as well from Covid-19.

They just pulled the entirety of their $13B revolver, so are probably facing cash flow issues.

I think there's a very real possibility of a dividend cut and in BA's future.

There are plenty of companies with no issues that are trading 20%+ off highs. I'd rather put money into something that's beaten down for no fault of their own rather than a company that was struggling before the pandemic was even on the radar.

[divmenow]

Here’s my question how are they going to contain this virus?? We don’t know where people have been. It seems to be spreading more now. It’s scary as to when this will even end. The NBA just suspended its season and all these concert are being canceled as well. Soon it will hit NCAA and MLB. Stores are running out of Lysol and tioilet paper. The market could be wiped out. Which is why they should suspend all trading as well. The machines are in charge now. These 800 plus down days will continue. I just wish I had gone all cash now lol. BA I would love to buy here. But who know what tomorrow will bring. 5 years from now BA may trade at $400. But in one month where will it be?? Could go to $100. No one knows. Wish I went short. Maybe still not too late lol

[kblake]

(03-12-2020, 08:18 AM)divmenow Wrote: Here’s my question how are they going to contain this virus?? We don’t know where people have been. It seems to be spreading more now. It’s scary as to when this will even end. The NBA just suspended its season and all these concert are being canceled as well. Soon it will hit NCAA and MLB. Stores are running out of Lysol and tioilet paper. The market could be wiped out. Which is why they should suspend all trading as well. The machines are in charge now. These 800 plus down days will continue. I just wish I had gone all cash now lol. BA I would love to buy here. But who know what tomorrow will bring. 5 years from now BA may trade at $400. But in one month where will it be?? Could go to $100. No one knows.  Wish I went short. Maybe still not too late lol

I agree with a lot you said. I'm worried its going to get much worse before it gets better. I almost want to sell everything and buy back 30% cheaper. I wont do that but the thoughts are there lol.... I cant believe CBRL is at $93 right now pre-market and LMT is down $36 pre-market. I should have no pulled the trigger so fast on Monday and Thursday. Now I have to suffer and we may never see new highs for a long time. I may buy some short ETF and play that until the market does come back. I'm afraid those 600-1000 point down days will be fast and furious. Hope I'm wrong. Right now all my stocks I'm in danger of not being ahead on. Some are down 20% perceent. Ouch!

[vbin]

Added a little bit jnj, and 1 stock of dis, just to calm my itchy finger. Doubled position on DCP and WES.

[vbin]

Trading halted, circuit breakers.