What Did You Buy Today?

[MrFortune]

Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?

I added some OHI, LOW, TGT and MO

[fenders53]

(08-17-2021, 10:27 AM)ken-do-nim Wrote: When I saw Home Depot, Sherwin Williams, and Lowes all down today, I immediately looked at what NAIL is doing today: down 9.84% yikes.  I don't have any anymore, but if I did, my rule would have been it crosses the $90 barrier sell immediately

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I do like HD as a position in my portfolio, but I dropped Lowe's sometime back (I think I moved the proceeds into SCHD).  In general, I won't be keeping positions that can't at least keep up with SCHD.

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$5k arrived today from selling company stock.  It is SO much fun to sprinkle the proceeds around.  Feels like I'm watering the plants  But started a new position in Capital One Financial, which I hadn't realized is doing so well this year.  As usual, I'm late to the party.

One upside to spreading it around is you don't get killed when an individual stock has a a couple bad weeks which clearly bothers you enough to impulsively trade.   LOW pretty much = HD.  They stole their CEO from HD.  LOW had a few bad years which is why he is their now.  He knows what is in the HD secret sauce.  Last I checked (and owned it), LOW valuation was better.

[crimsonghost747]

(08-17-2021, 10:27 AM)MrFortune Wrote: Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?

I added some OHI, LOW, TGT and MO

It doesn't really matter at what point you bought the stock or how much profit/loss have you made. It's about looking at the company in it's current form and deciding if it's worth keeping. Over the long term good companies will perform well, regardless of the ups and downs that they may experience. 

If you still believe in the company, then there is no point selling. If you are starting to question this, then it might be time to let go and buy something you are more confident about.

[crimsonghost747]

I like LOWs, and it's still one of my largest positions, but I'm not interested in buying more at these levels. If it drops to $160 then I'll start looking into adding again.

[fenders53]

[quote pid='28089' dateline='1629214055']
Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?

I added some OHI, LOW, TGT and MO
[/quote]
I love the product too.  If you are down $400 a share you bought into the MOMO and some horrible valuation.  It's a competitive business with no real MOAT.  The chart is REAL bad and it's still in freefall so it's hard to say what to do but I suspect you could buy it back cheaper in a month but reality is the battle wounds probably won't allow you to.  

Going to be a good income day I think.  GNRC is down $50 from where I sold shares so I sold a put well out of the money for now.  Expires Friday as I want some wiggle room.  Need a few more of these to put some cash to work.

[kblake]

added a few PYPL, LOW, APD and CAT

Sold a few bond funds I had.

[fenders53]

[quote pid='28091' dateline='1629216774']

(08-17-2021, 10:27 AM)MrFortune Wrote: Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?

I added some OHI, LOW, TGT and MO

It doesn't really matter at what point you bought the stock or how much profit/loss have you made. It's about looking at the company in it's current form and deciding if it's worth keeping. Over the long term good companies will perform well, regardless of the ups and downs that they may experience. 

If you still believe in the company, then there is no point selling. If you are starting to question this, then it might be time to let go and buy something you are more confident about.
[/quote]
Great advice.  It's about the future and it really doesn't matter where a stock used to be.  I screw up plenty and usually ask myself a couple questions when a recent purchase gets hammered.  

-Why did I buy it in the first place and what changed in the company's fundamental outlook the next few years? 
-Did I research it properly or chase a share price?  It's time to figure out what I own if I failed to DD the financials. 

I do follow SAM some and they missed a shift in the marketing trends.  The space is VERY crowded and unforgiving in the short-term.  Certainly not going to be irrelevant soon but that's not the issue when a stock is freefalling off a hard run.

[Dividendwayfarer]

Sold out CLX (small position anyway); added on LOW, AVGO & TROW

[divmenow]

Sold a few funds I had and put the proceeds between QYLD, NUSI and SDIV

Going to hide in these monthly dividend ETF's for a while lol

[NilesMike]

(08-17-2021, 10:27 AM)MrFortune Wrote: Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?

I added some OHI, LOW, TGT and MO

Beer sales across almost all brands has been flat at best for quite a few years, except for Constellation Brands (Modelo-Corona)

I don't want to be in the beer business. If you must, find one with a great hard seltzer or whatever they call it, that's the growth market.

[divmenow]

(08-17-2021, 08:24 PM)NilesMike Wrote:

(08-17-2021, 10:27 AM)MrFortune Wrote: Quick question. I have 9 shares of SAM. I'm down over $3600 which sucks. Worst investment ever!! But it may be headed even lower and more losses. I'm a big fan of there beer and it's my go to beer which is why I bought lol. But at what point do I just say screw it and take the loss and move on and invest in other names?

I added some OHI, LOW, TGT and MO

Beer sales across almost all brands has been flat at best for quite a few years, except for Constellation Brands (Modelo-Corona)

I don't want to be in the beer business. If you must, find one with a great hard seltzer or whatever they call it, that's the growth market.

I guess you don't realize the Sam Adams own the Truly Selzer brand 

They also own Twisted Tea and Angry Orchard.

So I wouldn't write off SAM just yet. The are in way better position then BUD and TAP

But I also wouldn't have bought at 1,000 per share lol. I mean this stock was stuck in the $300 range for years and then all of sudden shot up.

[fenders53]

[quote pid='28101' dateline='1629249204']
Sold a few funds I had and put the proceeds between QYLD, NUSI and SDIV

Going to hide in these monthly dividend ETF's for a while lol
[/quote]
190 days since a 5% pullback in SPY.  That's about twice as long as average.  Someday we'll be right. 

I am keeping my cash about the same.  I actually see a lot of small caps that seem to have already dipped quite enough.  They would probably get hammered just the same if the SPY or QQQ dipped 10% so I can't get serious about many shares.