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I'm sure we've flogged this one to death already, but Ray just outlined exactly why I did it last month. I started a position in V, MMM, RTN, LHX, TGT a month ago. Not one of those stocks were attractively valued and all well over $100. I hoped just maybe I'd get a chance to build on them. I caught a break and now own 10-22 shares of each. Literally just a couple shares at a time until yesterday when I threw down for five here and there. I may very well dump one if they run away from me.
And Stockguru, I apologize if I implied you were talking down to new investors with little money. I think I know you well enough to realize that wasn't your intent. That's how I might construe it though if I only had a $5K port and wanted to share. We do have a couple of those guys here that post now and then. Eric is a pretty good example. He may only have 10 or 20 shares of some stocks in the DGI port he shares. His knowledge of some companies far surpasses mine. His research is pretty solid and he has put me on to several companies I have done very well with. I've probably received a pretty good tip from almost everyone here at some point,and a few bad ones too but hey, the advice was free lol. I may be the most bearish member that posts regularly. If I cause you to tread lightly now and then, good, I'm quite OK with that. Sometimes I'm right.
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(02-25-2020, 09:21 AM)fenders53 Wrote: I'm sure we've flogged this one to death already, but Ray just outlined exactly why I did it last month. I started a position in V, MMM, RTN, LHX, TGT a month ago. Not one of those stocks were attractively valued and all well over $100. I hoped just maybe I'd get a chance to build on them. I caught a break and now own 10-22 shares of each. Literally just a couple shares at a time until yesterday when I threw down for five here and there. I may very well dump one if they run away from me.
And Stockguru, I apologize if I implied you were talking down to new investors with little money. I think I know you well enough to realize that wasn't your intent. That's how I might construe it though if I only had a $5K port and wanted to share. We do have a couple of those guys here that post now and then. Eric is a pretty good example. He may only have 10 or 20 shares of some stocks in the DGI port he shares. His knowledge of some companies far surpasses mine. His research is pretty solid and he has put me on to several companies I have done very well with. I've probably received a pretty good tip from almost everyone here at some point,and a few bad ones too but hey, the advice was free lol. I may be the most bearish member that posts regularly. If I cause you to tread lightly now and then, good, I'm quite OK with that. Sometimes I'm right.
I think I am the most bearish at the moment. I haven't made any equity purchases in about two weeks. Allowing all dividends to go to cash at the moment.
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I didn't mean any disrespect to anyone. The point I was trying to get across was to buy 2 shares of a company just because you in love with is all good. I understand its just fun to own 2 shares of LMT or 2 shares of NEE ect just to follow it. What I was saying is lets say NEE runs from $100 to $275. That's great you picked up $300 in profits. But If you really love a company why not just buy more instead of buying some company which doesn't have a track record? It just seems you leave all that money on the table of owning a company you really love and admire. I'm not rich by all means. I just try and out some money aside for retirement rather then leaving it in the bank lol
And I know alot of you own like 30,40,50 stocks. I just cant do that. My goal is to own 20 or so names that have a great track record and stick with them, I cant buy them all know matter how good they look which is why I brought up the 2 shares here or there thing lol
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(02-25-2020, 09:55 AM)stockguru Wrote: I didn't mean any disrespect to anyone. The point I was trying to get across was to buy 2 shares of a company just because you in love with is all good. I understand its just fun to own 2 shares of LMT or 2 shares of NEE ect just to follow it. What I was saying is lets say NEE runs from $100 to $275. That's great you picked up $300 in profits. But If you really love a company why not just buy more instead of buying some company which doesn't have a track record? It just seems you leave all that money on the table of owning a company you really love and admire. I'm not rich by all means. I just try and out some money aside for retirement rather then leaving it in the bank lol
And I know alot of you own like 30,40,50 stocks. I just cant do that. My goal is to own 20 or so names that have a great track record and stick with them, I cant buy them all know matter how good they look which is why I brought up the 2 shares here or there thing lol
I am completely on board with your system SG. Others are not and that's OK too. Another thing to keep in mind is our income re-investment strategies differ. I make considerable money on expired option premiums. So when you hear me say I picked up one share of LMT today, it might mean I just sold a couple of puts or calls and I have a few hundred dollar bills to throw around.
BTW, I added only one share of LMT and a few other stocks yesterday lol. Added, not started a new position, for exactly the reason I just stated. The hundred stock club members have dividends dribbling in almost every week. That stuff burns a whole in our pockets when the market goes down lol.
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02-25-2020, 10:49 AM
(This post was last modified: 02-25-2020, 10:50 AM by divmenow.)
There’s no reason to buy yet. Let these sticks come in. The worst isn’t over yet. These companies will all be warning soon on the outbreak virus. MA and AAPL where the first to come out and say they see a hit on future earnings and it’s really hard to predict just how much they will be affected. I’m just glad I bought all that gold lol. I’m holding up very well when on 1000 point drops on the market lol
I have my buy list made out, but they have to fall further before I pull the trigger. Even if that means buying 2 shares lol
MMM is on that list but not until $140
WBA getting very close to buy point
XOM who knows it like the titanic
EOG almost at buy point
SBUX on watch list
CVS under $64
CAT in the $120’s
AXP under $120
NOC on watch list
UPS under $90
SPY adding soon
MSFT under $160
LHX under $210
That’s just sone names I’m watching. What’s on your buy list?
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(02-25-2020, 10:49 AM)divmenow Wrote: There’s no reason to buy yet. Let these sticks come in. The worst isn’t over yet. These companies will all be warning soon on the outbreak virus. MA and AAPL where the first to come out and say they see a hit on future earnings and it’s really hard to predict just how much they will be affected. I’m just glad I bought all that gold lol. I’m holding up very well when on 1000 point drops on the market lol
I have my buy list made out, but they have to fall further before I pull the trigger. Even if that means buying 2 shares lol
MMM is on that list but not until $140
WBA getting very close to buy point
XOM who knows it like the titanic
EOG almost at buy point
SBUX on watch list
CVS under $64
CAT in the $120’s
AXP under $120
NOC on watch list
UPS under $90
SPY adding soon
MSFT under $160
LHX under $210
That’s just sone names I’m watching. What’s on your buy list?
Nice list and we are the same wavelength here. I did some small buying. Just adding to the names I already own like BMY, GILD, LHX and some MMM. Reagaring MMM I can see it getting to $140 as well. Which is why I have been adding very small so this way if it does get to $140 I will add a better chunk.
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02-25-2020, 01:24 PM
(This post was last modified: 02-25-2020, 01:25 PM by vbin.)
Never thought I will see XOM at $54, lol. Added MMM, DFS, XOM
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(02-25-2020, 01:24 PM)vbin Wrote: Never thought I will see XOM at $54, lol. Added MMM, DFS, XOM
Just better hope these oil companies don't slash their dividends. That's the one thing i fear hear. I just dont see how they can make these payouts. Same with OXY. I would like to ad but I'm waiting and walking away right now... Here I go 
Meanwhile I did buy a few MMM shares and RTN just now
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added MO, ABBV and BMY again lol
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Full position 3M @ 145.5
1/2 position UNM @ 25.75
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Wednesday is going to be a big day for this guy. I think I'm going to buy a half share of every stock in the DJAI in the morning. I'll get started on the S&P 500 after lunch. I may run out of money before I get through the Russell 2000. I may have to hit Stockguru up for a payday loan. 
Seriously though, I am definitely going to nibble if we are down or flat at the open. I should have moved some money out of a Vanguard bond fund. I can't get that done same day. If Divmenow is right I got time anyway. I am going to stick to quality. MMM, RTN, LHX and CAT are definitely on the list as I am still light on industrials and defense. I wanted to add to V but I think MA just knocked the wind out of those stocks. I'll wait for some sign of a bottom. My port is very defensive so I will avoid more UTEs. If the market truly capitulates pharma and Utes might be next to get hit. I am laying off my dawg stocks. It's pretty clear the virus and the President want cheap oil. The DEMs will continue to villianize it. I should have stopped fighting the tape weeks ago. If oil stocks try to bounce they are likely to be knocked back down by the shorts or politics. I see no urgency, just a trading range I'm not going to enjoy. I always blow the timing on oil. I sold my banks high so I might consider that soon. If techs correct for real, that might be my last act before I am fully invested. Analyst downgrades are coming. Late and useless as usual.
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