03-14-2020, 08:00 AM
yesterday added to
RDS.B
RDS.B
What Did You Buy Today?
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03-14-2020, 08:00 AM
yesterday added to
RDS.B
03-14-2020, 08:51 AM
(03-13-2020, 09:51 PM)crimsonghost747 Wrote: Damn, you guys have been busy.Sounds like you are having some great adventures. The top of a volvano might be a safe place to hangout. And you can always jump if the market drops to 1000 or something crazy. No doubt a good thing you couldn't trade and missed some of the free fall. The will bottom weeks before sentiment turns like always. The best buying days may be in the next few weeks? Some of the very best values will get noticed soon and the individual stocks will finally find some support, whether the index does or not. One bit if advice.... the volatility is historic. On the days the stock futures limit down and a horrendous open is coming, low ball limit buy orders have been effective. You can see the ridiculous pre-market bid/ask. Fools are panicking and punching in market sell orders and getting crushed at the open on high quality stocks, then the stock rebounds in five or ten minutes. They actually had all day to get out without losing an extra 5%+ at the open. It happens so fast and you have to have orders entered pre-market. You can always try to jump in and adjust them up to get your shares if you miss the spike down, and be no worse off. It's highly likely we get another one of those days this week after Friday's short squeeze.
03-14-2020, 12:04 PM
(03-13-2020, 05:55 PM)fenders53 Wrote:Agree with you on demand. But on a contrary a lot of countries, India, China etc who import most of their oil will try to take advantage of this opportunity as well and fill up their reserve.so.we shall see.(03-13-2020, 05:44 PM)vbin Wrote:It might keep the 100 or so independent frackers and their local towns in business until after the election normally. But we have a virus that is going to shut down the world according to many and cut demand several million barrels per day for many months. If you fill the reserve and then release it back to the market, you are now competing with the same market in a few months and just taking up part of supply. So I guess we'll watch oil prices and see if it raises prices $15+ so everyone is happy for more than a couple months. The oil futures will let us know very soon what is reality. It should spike up bigly if you are right. We'll know in just a few days after they run the actual math.(03-13-2020, 04:40 PM)fenders53 Wrote:U.S. has anywhere between 800 Million to a billion storage cap. Last time I checked we were close to 500 million. Now that doesn't mean that oil never gets used. So in a rough estimate you can see where it's going.(03-13-2020, 04:28 PM)vbin Wrote:(03-13-2020, 01:27 PM)fenders53 Wrote: He has MANY times stated he wants cheap oil, and cheap gasoline. It's here. Paying frack worker unemployment benefits no big deal. Just put it on our deficit tab. Some other Prez can deal with it later. Oil will rebound to $40-45 by late summer. Not good enough for my failed oil investment thesis I once had. I'm the bear now lol.He played very well then becouse he just announced we will be buying oil for strategic reserve, they can keep buying a million barrel a day for next 2 years. That's wonderful.
03-14-2020, 12:30 PM
(03-14-2020, 12:04 PM)vbin Wrote:SA is offering oil at a $4-7 discount from market prices starting in Apr. That is oil in the 20s from current price. Importing nations would be crazy to not fill their reserves. Next time oil tries to run up $10 they can just buy less until is cheaper again. This is why I think SA and Russia will get back to the table soon. SA can break even around $10 oil, and be stubborn if they wish to, but it's their only real source of income. They can send the US frackers to BK fast, but not in their national interest to give away oil for six months. US can print money and keep the frackers solvent until the election. I expect that will happen when the US strategic reserve fill is done in a few months. Spiking unemployment before the election is highly undesirable.(03-13-2020, 05:55 PM)fenders53 Wrote:Agree with you on demand. But on a contrary a lot of countries, India, China etc who import most of their oil will try to take advantage of this opportunity as well and fill up their reserve.so.we shall see.(03-13-2020, 05:44 PM)vbin Wrote:It might keep the 100 or so independent frackers and their local towns in business until after the election normally. But we have a virus that is going to shut down the world according to many and cut demand several million barrels per day for many months. If you fill the reserve and then release it back to the market, you are now competing with the same market in a few months and just taking up part of supply. So I guess we'll watch oil prices and see if it raises prices $15+ so everyone is happy for more than a couple months. The oil futures will let us know very soon what is reality. It should spike up bigly if you are right. We'll know in just a few days after they run the actual math.(03-13-2020, 04:40 PM)fenders53 Wrote:U.S. has anywhere between 800 Million to a billion storage cap. Last time I checked we were close to 500 million. Now that doesn't mean that oil never gets used. So in a rough estimate you can see where it's going.(03-13-2020, 04:28 PM)vbin Wrote: He played very well then becouse he just announced we will be buying oil for strategic reserve, they can keep buying a million barrel a day for next 2 years. That's wonderful.
03-14-2020, 12:43 PM
Over the past couple of weeks I added CNP, PPL (new), ROSS (new), OKE, XOM, EIX, TJX, MRK, PRU, CAT, BA, MO, LEG, ADM, BEN, UNP, NUE (new), LOW, EMR, ETN, BP, DIS, CSCO, DAL (new), MA, LMT. All in small amounts.
I am hoping some of the high P/E stocks can go lower. MSFT, ADP, WM, V, MA, COST, SBUX, MCD are on my watch list.
Breaking - Federal Reserve cuts rates to zero and launches $700 billion quantitive easing program.
Futures are down 800 points right now on the news. I want to add a few utilities tomorrow. These sectors should do well when rates are lowered are . Gold Utilities Drugs Reits Oil Infrastructure High dividends Small caps BREAKING: 8 of the biggest U.S. banks say they will suspend share buybacks though Q2 of 2020. The banks are: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street & Wells Fargo. (03-13-2020, 09:51 PM)crimsonghost747 Wrote: Damn, you guys have been busy. (03-15-2020, 04:48 PM)divmenow Wrote: Breaking - Federal Reserve cuts rates to zero and launches $700 billion quantitive easing program. Red,Red,Red!!! I don't know that it will do any good now, but the market has about all the rocket fuel it could ever hope for to bounce quickly when the flu begins to subside. If times were normal what you said is correct This is far from normal and I would go slow. I sold my heath care ETF on Thursday. Not that I wanted to lighten up. Figured if I sucked my thumb a couple days I might get a chance to move it to individual stocks and increase my entry yield. My covered calls expired so I am almost hedgeless now unfortunately. I think I'll regret it if I sell new ones down here. It's going to be another interesting week. I'll probably re-arrange a few more chairs on the Titanic port if it makes sense.
03-15-2020, 08:20 PM
(03-15-2020, 06:51 PM)fenders53 Wrote:(03-13-2020, 09:51 PM)crimsonghost747 Wrote: Damn, you guys have been busy. I think you're right on that one. I sold and bought back my covered call on PENN about 5 times since I bought it. I'm almost flat on it despite the price being down significantly.
03-15-2020, 08:27 PM
2000 coming.
03-15-2020, 09:13 PM
03-15-2020, 10:26 PM
(03-15-2020, 09:58 PM)vbin Wrote:Not sure what you meant by that? If you mean my optimism, I'm guilty of being bullish long-term. It's what DGI investors do. I'll navigate the short-term, raise my DIV yield and the quality of my port, whether we go to 2000 or 1000. I do trade for entertainment. It's a very small part of my game. I can start doing absolutely nothing with my investments at any time and it will be OK in the end.(03-15-2020, 09:13 PM)fenders53 Wrote:You have been thinking that since 3400. Look at what goldman is saying and put some thought into why.(03-15-2020, 08:27 PM)vbin Wrote: 2000 coming. I'm just messing with you on XOM. Wherever XOM goes my BP will be right there with them. I'm going to attempt to lighten this thread up if you haven't noticed. The market is stressful. Scary stuff with the historic volatility and the news. |
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