(02-24-2020, 06:41 PM)NilesMike Wrote: MMM only had a yield higher than right now twice in the past 25 years.
7/1996 Stock $ 19.00
2/2009 Stock $ 36.00
Will be buying a full position in AM
I am strongly considering buying MMM a little faster but they very likely have some rough quarters to navigate. That was occurring before the Superflu happened. Probably a full on half position for me, so two or three more shares.
(I'm just messing with you Stockguru, you started it lol)
Seriously though, the market just loves this stock. It will never get as cheap as it should short of a real recession. It runs up when anybody paying attention can clearly see they are going to struggle a good while longer. I have sold puts on most every dip the past year and it flies away every time. Like 5 times. No guarantees, but that's as good a sign of a bottom as I need to see. If it drops to $130 we should double down Mike. The yield should be extra awesome then lol.
What else is on everyone's radar? Today I mostly laid off the stocks nobody loves the past few months. They will likely be there later. Thinking about nibbling some BABA if the slide continues. One of the few foreign stocks I feel confident will fly soon after the scare has somewhat subsided. Endless supply of US stocks that might be worth a nibble too. When the rebound happens the quality will fly. Sure glad I am not the FED Chief. He is gonna get pressured like he caused this lol. Hope he keeps his courage up. I hope we save the zero rates for a rainy day that will eventually come.