02-26-2022, 07:05 AM
(02-25-2022, 09:30 PM)kblake Wrote: TRV, HSY, NUE and ADM are 4 rock solid stocks right now.No, definitely not. I played with it during the time when the market was stupid and you could just buy anything with a story, but never intended to build a LT position. I'm not sure they will every get substantially profitable. I know of a youtuber that truly invested $1M dollars in TTCF. He also overinvested in another 10 garbage stocks. I still follow to watch the train wreck unfold. Most of these are not coming back ever. Some will bottom bounce no doubt, but I'm out in a market like this. Back to my safe place quite some time ago. I really hate to give profits back.
Fenders that TTCF you like it near a 52 week low but at least its basing. You adding here?
Thought on IP at these low levels. This company should do well in rising interest rates.
I've owned IP over the years well. Very cyclical of course but I buy it when it's low and the dividend is very high. Gets caught in a range so good for conservative option sells. It finally blew through a covered call about a year ago I think. I have no doubt a lot of materials/resoure stocks will do fine, but the easy money was made. I try to stay informed on oil and lumber, and did well, but it's once big money starts manipulating the commodity it's just a casino. They never let me know when they are going to rotate out.