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What Did You Buy Today?
(09-08-2020, 02:10 PM)vbin Wrote:
(09-08-2020, 02:05 PM)fenders53 Wrote: Everyone ready for the next oil stock beating?  Smile  I am probably going to get sucked into some RDS around $28 basis.  It could be worse I guess.  I think I am going to try to get forced into some more oil major shares via put sales soon but I think  I will wait for things to settle down and find a bottom, wherever that is.  I am thinking oil is headed under $35 again.
Possible. looks like Soudis offering October prices for way low than expected throughout asia. That suggests the same.
Who knows?  There are so many things that can affect oil prices in the short term.  I mostly laid off any new oil plays the last half of summer because I usually get punched in the face if I don't wait for travel season to be over and things to look bleak.  It's nice to pic up some of your position near the bottom.  The reason changes, but oil usually finds a way to struggle at some point during fall early winter months.  The sketchy dividend situation really adds to the risk this year.
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CSCO down today on an overall up day. Anyone buying?
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(09-09-2020, 09:35 AM)DividendGarden Wrote: CSCO down today on an overall up day.  Anyone buying?

No on CSCO. It's a dinosaur stock. I may add at $35 as I do have puts on it. 

But I did buy WORK under $25 this morning. I like these levels for the long haul
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(09-09-2020, 10:03 AM)divmenow Wrote:
(09-09-2020, 09:35 AM)DividendGarden Wrote: CSCO down today on an overall up day.  Anyone buying?

No on CSCO. It's a dinosaur stock. I may add at $35 as I do have puts on it. 

But I did buy WORK under $25 this morning. I like these levels for the long haul

I'm not a fan of CSCO either even at these levels. They are losing market share

I added to DG and APPL yesterday and pick up a new position in WORK and AMZN this morning.
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(09-09-2020, 10:07 AM)kblake Wrote:
(09-09-2020, 10:03 AM)divmenow Wrote:
(09-09-2020, 09:35 AM)DividendGarden Wrote: CSCO down today on an overall up day.  Anyone buying?

No on CSCO. It's a dinosaur stock. I may add at $35 as I do have puts on it. 

But I did buy WORK under $25 this morning. I like these levels for the long haul

I'm not a fan of CSCO either even at these levels. They are losing market share

I added to DG and APPL yesterday and pick up a new position in WORK and AMZN this morning.
Work will face stiff challenge from teams. I have used both and both are almost equally good but teams is like zoom+slack for corporations. If you consider msft's pricing, teams seems to be a winner in long run.

Disclaimer: I have work(bought at $32 in the hype) and so far I have been selling covered calls to recover some of my money.
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(09-09-2020, 09:35 AM)DividendGarden Wrote: CSCO down today on an overall up day.  Anyone buying?

I agree with the others on CSCO.  It's probably OK down here but they are going to have to do something different to grow the company.  I sell CSCO puts when it gets down around here.  It's likely you'll get a 10% run and your Div if you hold it a year.  I'd rather just sell puts against it a few times a year and not own it if I have my druthers.
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Did we just get a bit of a dead cat bounce, sucker rally yesterday and this morning? Hope so because that is how I played it. Bought back a few puts early that were very profitable. QQQ, DG etc. Also bought back a few for a tiny profit on the morning jump because I'm just not feeling it anymore. CSCO and KHC. My gut has been right lately and I just want to have some cash. I'm not expecting a crash anytime soon, just volatility and some more buying opportunities.
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(09-10-2020, 11:54 AM)fenders53 Wrote: Did we just get a bit of a dead cat bounce, sucker rally yesterday and this morning? Hope so because that is how I played it. Bought back a few puts early that were very profitable. QQQ, DG etc. Also bought back a few for a tiny profit on the morning jump because I'm just not feeling it anymore. CSCO and KHC. My gut has been right lately and I just want to have some cash. I'm not expecting a crash anytime soon, just volatility and some more buying opportunities.
Looks like, have been wanting to add ADP, goog, GD, buti think there will be a better opportunity.

On a different note: anyone looking at snowflake or airbnb ipo? Thoughts are welcome. Brk acquired ~$500M in snowflake pre-ipo and IPO pricing and I have heard good things from a vision and product pov.
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(09-10-2020, 02:11 PM)vbin Wrote:
(09-10-2020, 11:54 AM)fenders53 Wrote: Did we just get a bit of a dead cat bounce, sucker rally yesterday and this morning?  Hope so because that is how I played it.  Bought back a few puts early that were very profitable.  QQQ, DG etc.  Also bought back a few for a tiny profit on the morning jump because I'm just not feeling it anymore.  CSCO and KHC.  My gut has been right lately and I just want to have some cash.  I'm not expecting a crash anytime soon, just volatility and some more buying opportunities.
Looks like, have been wanting to add ADP, goog, GD, buti think there will be a better opportunity.

On a different note: anyone looking at snowflake or airbnb ipo? Thoughts are welcome. Brk acquired ~$500M in snowflake pre-ipo and IPO pricing and I have heard good things from a vision and product pov.
I will research airbnb.  Actually, I did by accident yesterday.  They came up on a search when I was booking a room for a few days of fly fishing next week.  Website worked well and the price was good at a bnb that didn't appear on the famous competitor booking sites.  

And the market dip came this afternoon.  I think we are in for a choppy market until a stimulus happens. I am glad I closed some puts out a day before expiration.  I generally avoid doing that.  QQQ is just too volatile to be sitting on a 90% profit being too greedy.
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Closed out KO 50 calls before expiry tomorrow. Want to keep the shares for the divvy Monday.
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