What Did You Buy Today?

[ken-do-nim]

My poor STX is in free fall today, down over 7%. No one on the Conversations thread knows why. Looks like a great day to buy it everyone! 2.9% dividend.

[Genester]

(08-24-2021, 09:14 AM)fenders53 Wrote: Genester,

He was definitely referring to me.  You are correct some of the yield traps can be played in a variety of ways.  You have to look at charts going back through a couple of down cycles.  It's also good to update yourself on the CURRENT situation.  Almost all of them are too expensive to take a chance on now.  When they do get hit, you can buy one that pays 7-8% and well managed instead.  

This has been my question all along - what are these mythical companies that pay 7-8% and are well managed? 

[Genester]

(08-24-2021, 09:25 AM)ken-do-nim Wrote: ****

Genester - I will update my Income stocks thread to my latest.

Thank you, super helpful!

[MrFortune]

Hold PFE for 25 years and you'll be fine.    Seriously though don't be afraid to swing trade this turkey.  I do think they are making some good decisions lately so who knows?  

BTI is starting to annoy me so that's probably a buy signal lol.  I might add a little more.

I have owned PFE since 1996ish so I am gradually looking for the exit.  I've been patient lol
[/quote]

I think the story has changed on PFE. Not like it was 6 months ago. It finally has growth and they just went on the acquisition hunt and purchased Trillium, which is a cancer drug company in the early stages. So I like what the company is doing. I can see $55-$60 easily. And best of all the young investors are loving it 

When you sell a stock it usually goes up so go ahead and sell PFE 

NEE has done well since you sold 

[fenders53]

(05-11-2021, 09:12 AM)divmenow Wrote:

(08-24-2021, 09:28 AM)Genester Wrote: [quote='fenders53' pid='28265' dateline='1629814491']
Genester,

He was definitely referring to me.  You are correct some of the yield traps can be played in a variety of ways.  You have to look at charts going back through a couple of down cycles.  It's also good to update yourself on the CURRENT situation.  Almost all of them are too expensive to take a chance on now.  When they do get hit, you can buy one that pays 7-8% and well managed instead.  

This has been my question all along - what are these mythical companies that pay 7-8% and are well managed? 

RQI and ARCC are two of them.  They ran to the moon and I sold.  I've done it more than once. My port balance says they aren't mythical. Now I wait again.

[fenders53]

[quote pid='28273' dateline='1629815641']
Hold PFE for 25 years and you'll be fine.    Seriously though don't be afraid to swing trade this turkey.  I do think they are making some good decisions lately so who knows?  

BTI is starting to annoy me so that's probably a buy signal lol.  I might add a little more.

I have owned PFE since 1996ish so I am gradually looking for the exit.  I've been patient lol
[/quote]

I think the story has changed on PFE. Not like it was 6 months ago. It finally has growth and they just went on the acquisition hunt and purchased Trillium, which is a cancer drug company in the early stages. So I like what the company is doing. I can see $55-$60 easily. And best of all the young investors are loving it 

When you sell a stock it usually goes up so go ahead and sell PFE 

NEE has done well since you sold 
[/quote]

Talk to me when you have my NEE returns already booked.  WEC ran better. (lately)   There is a ton of PFE in my wife's IRA still. I got in way deep when I thought they might find the first vaccine. PFE has solid revenues locked for 18 months or more. We'll see what they do with the money. Drug research has changed for sure.

[MrFortune]

(08-24-2021, 09:39 AM)fenders53 Wrote: [quote pid='28273' dateline='1629815641']
Hold PFE for 25 years and you'll be fine.    Seriously though don't be afraid to swing trade this turkey.  I do think they are making some good decisions lately so who knows?  

BTI is starting to annoy me so that's probably a buy signal lol.  I might add a little more.

I have owned PFE since 1996ish so I am gradually looking for the exit.  I've been patient lol

I think the story has changed on PFE. Not like it was 6 months ago. It finally has growth and they just went on the acquisition hunt and purchased Trillium, which is a cancer drug company in the early stages. So I like what the company is doing. I can see $55-$60 easily. And best of all the young investors are loving it 

When you sell a stock it usually goes up so go ahead and sell PFE 

NEE has done well since you sold 
[/quote]

Talk to me when you have my NEE returns already booked.  WEC ran better. (lately)    There is a ton of PFE in my wife's IRA still.  I got in way deep when I thought they might find the first vaccine.
[/quote]

I'm in NEE at $3.46. Have had it since 1990 lol. It was the very first stock I purchased. I will never sell and will one days be divided up to my kids lol

[Genester]

>>RQI and ARCC are two of them. They ran to the moon and I sold. I've done it more than once. My port balance says they aren't mythical. Now I wait again.

Thank you. What are your price targets for these two? Also, I assume RQI dividends are mostly not qualified given the REIT investments?

[fenders53]

[quote pid='28277' dateline='1629816325']

(08-24-2021, 09:39 AM)fenders53 Wrote: [quote pid='28273' dateline='1629815641']
Hold PFE for 25 years and you'll be fine.    Seriously though don't be afraid to swing trade this turkey.  I do think they are making some good decisions lately so who knows?  

BTI is starting to annoy me so that's probably a buy signal lol.  I might add a little more.

I have owned PFE since 1996ish so I am gradually looking for the exit.  I've been patient lol

I think the story has changed on PFE. Not like it was 6 months ago. It finally has growth and they just went on the acquisition hunt and purchased Trillium, which is a cancer drug company in the early stages. So I like what the company is doing. I can see $55-$60 easily. And best of all the young investors are loving it 

When you sell a stock it usually goes up so go ahead and sell PFE 

NEE has done well since you sold 
[/quote]

Talk to me when you have my NEE returns already booked.  WEC ran better. (lately)    There is a ton of PFE in my wife's IRA still.  I got in way deep when I thought they might find the first vaccine.
[/quote]

I'm in NEE at $3.46. Have had it since 1990 lol. It was the very first stock I purchased. I will never sell and will one days be divided up to my kids lol
[/quote]
Well you won that fight lol.  Congrats!  I have a similar story with XEL pre-merger.  NEE has been nuts for a long time.  It's going to have to pay back that PE but I think you are good at $3.46 lol.  I sure hope you are as my port is 95% overvalued if NEE every goes there.  I'll get back into NEE but I have faster green UTE growers more reasonably valued for now.

[ken-do-nim]

I took my own advice and bought Seagate on the dip. I was planning to buy more anyway, in addition to Cisco.

[fenders53]

Where is Mr Fortune? PENN up about 15% since I added last week. What was that you were saying about too much debt? It's cute how you think the market cares about fundamentals right now. I'll probably wait for football season before trimming. That was my only thesis. What a casino we are playing in right now.

[Dividendwayfarer]

Added a little on V, AMGN, BTI & AMAT. None of them are screaming buys but just continue to build up these positions.