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Great idea for a thread to keep it centralized.
I'm out of investable cash at the moment, but there are getting to be plenty of great buys out there, especially in energy.
I'm also out of funds at the moment. Hopefully the market doesn't come roaring back before I can make my next purchase.
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We have about 4% in cash right now. Not averse to putting it to work but I'm such a cheapskate I just want a bargain now.
Nothing purchased this week. Had some lowball limit orders in for HP, ESV & GE but none triggered. Bring back the flash crash.
Also looking to add to OHI, O, WPC or open a position in SO but none of them would cooperate. I don't think BBL has found a psychological bottom yet but thinking of adding here too.
One homework assignment this weekend is to do a GE/EMR comparison. EMR dropped just enough to pique my interest. Lost it to a covered call several years ago and it took off from there.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
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Have not purchased yet, but looking hard at ORI and BP and with a little more drop, just might own some next week.
I ,must say, this roller coaster ride is making me dizzy. LOL
Jim
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10-11-2014, 01:13 PM
(This post was last modified: 10-11-2014, 05:09 PM by earthtodan.)
Oh man, I could spam this thread. With 100 free trades per month at MerrillEdge and cash on hand, I've been averaging (mostly down) into stocks little by little on a daily basis.
Recently I've been building a position in Quanta Services (PWR), which is a specialized construction company that builds grid projects. As one of the few major players in this space they have a wide moat, and they have a large backlog and no debt. They don't pay a dividend but they are buying back shares.
Matching my investments in PWR with purchases of CBI, since CBI is somewhat similar but drastically on sale. I consider this a 1 year swing trade.
Started a position in TD under $50
Also chasing down UTX
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Bought XOM, TRV, TIS, LTC, and SSW the other day. Looking at SWK and BDX, but they are too expensive right now.
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Added to GILD this morning. Also looking real hard at JNJ for a 2017 put sell.
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MCD and XOM at around $92ech the other day.