What Did You Buy Today?

[fenders53]

(04-16-2020, 09:18 PM)stockguru Wrote:

(04-16-2020, 08:49 PM)fenders53 Wrote:

(04-16-2020, 06:29 PM)stockguru Wrote:

(04-16-2020, 05:24 PM)divmenow Wrote: Get ready for a big big up day tomorrow. See ya shorts lol


I don’t know why but I’m tempted to buy SPG. Don’t laugh lol ?

Yeah I see the futures are way up. SPG is a nice choice. If they can hold onto that dividend the stock should see $75-80

GILD up $12 AH. I'm loving that

Fenders better start buying. He's missed a big run while sitting on the sidelines 

I can't even believe you said that Guru.  I bought the dip like my wife and daughter at a 50% off shoe sale with a stolen credit card.    Then I hid in the closet scared for weeks waiting for the big dip that hasn't happened yet lol.  I've been trimming almost daily since on the pop and I'll call myself 10% too much in cash now.  We'll just have to wait and see if that was a good idea or not. 

You should mortgage your houses and buy a bunch of mall REITS.  Load up on SKT, airlines, cruise ships and oil too.  That can't go any lower.

I wont ever buy SKT. Who's that user on here who bought it seemed like ike every day when it was at $14-18 a share? Those pooled shares.... I haven't heard anything since it dropped to $6   

Ummm I think you bought DAL at $30. As least I'm still ahead   

The only money I'm spending on cruise ships is a vacation in 2 years once this crap clears lol. OXY is all i had and I sold out at $15 last week. Was a nice pop from $11-15. Maybe I will do it again    


The only reits I own are O, CCI, DLR, QTS, and EQIX. Mall Reits and office reits will have a tough time collecting rent and keeping tenants. If SPG got cheap enough I will buy. But its up $8 after hours so will wait.

Ha, I wish I had paid only $30 for DAL.  I'm sure I paid well above 40 for my initial shares.  I had intended to hold it for years.  Now I don't know.  I've done OK with DAL options and got my basis done some,  I am nowhere close to even and it will remain risky for a long time.  I hit this crash owning a decent sized position in DAL,CBRL,FUN, WELL, plus oil and life insurance.  Looked pretty harmless until all of those industries became toxic at the same time.  Diversification doesn't work so well when you're getting hammered 60% in multiple industries.    

I'm lucky I always own a ton of UTEs and pharma or I would have been destroyed.  It was bad enough as it is.  I averaged down on most everything and luckily caught the bottom on about four restaurants and some industrials for a trade.  My portfolio is pretty boring now.  I trim and add some with the volatility.  I do try to stay invested DGI and normally don't trade much unless an option forces it occasionally.  That happens some on a huge up or down move.  The monthly income is way better than dividends so I have to deal with the downside a few times a year.  The fact I have been able to trade utilities multiple times in under a month is NOT normal.  I have a few stocks I'd like to add but it won't happen without a pullback.  I missed my chance and and I try not to force trades of any real size.  I am too close to full retirement to not keep some cash around.  I have to be able to buy a hard crash if there is another.   

SPG should be fine down here.  I had no interest in it at pre-crash valuations.  Most of the folks here with 50+ stock ports have owned SKT at one time or another.  Can't win them all.  I owned some briefly around $20 and managed to get out about even.  I'm not looking for more risk for my port at this time.

[NilesMike]

From ATH account balances, my portfolio is down 14%, the Mrs. down 8%

[divmenow]

Added some GSK yesterday. I think this is one stock to really watch out for on the upside.

Anyone own it?

[stockguru]

(04-17-2020, 06:42 AM)divmenow Wrote: Added some GSK yesterday. I think this is one stock to really watch out for on the upside.

Anyone own it?

GSK is a good one. I own but bought slightly higher. This will pop once they get into phase 3 of their COVID-19 drug.  PFE is another I like. Glad I bought some under $30 a few weeks back. Big Pharma will do well this year.

[stockguru]

Bought SPG $58.15 and added a new position in ATVI because my kids told me they have the best gaming titles. That's good enough for me lol and kids these days can play games all day. This is one of those names that will do well in any environment.

[fenders53]

(04-17-2020, 06:21 AM)NilesMike Wrote: From ATH account balances, my portfolio is down 14%, the Mrs. down 8%

I checked just for fun.  Looks like I am tracking along with the "Mike Index" well enough  


-My Retire Port is now down 13%, I believe it was down 28% last month.
-Wife's baby 401K is 100% in PFE.  Nothing amazing for decades.  
-Retirement boat account just went 1% above even.  At least I can go fishing lol.

-Finally closing my rental property sale today. That one is about a five bagger but it took 20 years, some occasional grief and sweat.

[fenders53]

(04-16-2020, 03:10 PM)EricL Wrote:

(04-16-2020, 11:34 AM)fenders53 Wrote: Anyone else like IP?  (International Paper)  Boring BIZ but the Div is almost as good as MO or T and the payout ratio around 50%.  I like it down here.  Or is cardboard packaging going away and I just don't realize it?  I think I am going to add some more IP.

Keep in mind that the 50% payout is off trailing earnings. According to 2020 estimates, the payout ratio is nearly 90%, and that is questionable as earnings are a tossup at this point. IP doesn't have a great dividend track record, and its BBB credit rating doesn't leave a ton of wiggle room for a cyclical company.

Keep in mind the Div is up 500% the past ten years, up ten consecutive years.  How many aristocrats have matched that?  It's a short list, very short.  You are seriously cherry picking data focusing on the smallish div increase this year.  Free cash flow is also up ten consecutive years.  IP share price is down 50% off it's high.  I completely get it they are in a boring competitive business and the near-term future may be a rougher ride than recent years.  I very much respect your balance sheet analyzing abilities but if I get scared out of IP I might as well sell half my port in this market.  I only wish some of my stocks had their outlook.  If IP dips further (which I expect), I will buy some more shares. It's 1% of my port right now.

[crimsonghost747]

Initiated a position in GEO.
Risky for sure but the reward (yielding over 13% at the moment) means that the reward is pretty nice too.

[vbin]

(04-17-2020, 06:42 AM)divmenow Wrote: Added some GSK yesterday. I think this is one stock to really watch out for on the upside.

Anyone own it?

I own a small position. Trimmed before it all started in May. Missed to add at 30s level. GSK and CAH both are on my radar. O still believe there will be another opportunity. May be this year may be after elections. Oh well, I am still short SPY.

[fenders53]

(04-17-2020, 10:55 AM)vbin Wrote:

(04-17-2020, 06:42 AM)divmenow Wrote: Added some GSK yesterday. I think this is one stock to really watch out for on the upside.

Anyone own it?

I own a small position. Trimmed before it all started in May. Missed to add at 30s level. GSK and CAH both are on my radar. O still believe there will be another opportunity. May be this year may be after elections. Oh well, I am still short SPY.

O is very high on my buy list.  I traded it off the low for a nice ride.  I definitely want some long-term.  Unless the GOV gets real efficient in a hurry some rent payments are going to be missed.  We'll see what happens when they report a bad quarter.  

I am also short some SPY but its under 2% of my port and they are long dated and a higher strikes than yours.  I estimate I have about 60 days for the market to dip or I have to consider getting out with about half my money if I'm lucky.    Oh well, hedges aren't free.  It's highly unlikely they end up profitable.  Hard to complain when the long side of the port is on fire. If the hedge worked out my port would be down big. Gotta look at the bright side.

[stockguru]

I shorted the SPY but played it a different way and just bought SPDN today. This way I don't have to full with options and will play the bounce from $25 to $33

I like this one and wont get hot hard. At these levels I thought it was worth a shot.

[fenders53]

(04-17-2020, 11:36 AM)stockguru Wrote: I shorted the SPY but played it a different way and just bought SPDN today. This way I don't have to full with options and will play the bounce from $25 to $33

I like this one and wont get hot hard. At these levels I thought it was worth a shot.

I'm not familiar with SPDN but I check out most any advice I get here.  Buying short options is dangerous unless you pay the money and buy them WAY into the future.  Getting occasionally lucky with perfect timing doesn't change that.  The market will go up and to the right in the end.  I have no idea how big your port is and I don't need to know, but trust me when you get a few years from retirement a down $25K day starts making you think how many hours of work it would take to make up for that.  A little hedging will limit your potential upside but it takes some of the volatility out if you have a lot of long positions.  The short-term risk/reward from here isn't appealing to me.  My advice is dip your toe in the water slowly and see how hedging in any form plays out, before you make a big bet.

Now back to our regularly scheduled fake bull vs bear fights.