What Did You Buy Today?

[divmenow]

(02-26-2020, 11:06 AM)fenders53 Wrote:

(02-26-2020, 10:56 AM)divmenow Wrote: I don't own OXY anymore buy wow its now under $36. With the way its trading I guess they expect the dividend is going to be cut.

I'm looking to get LOW today as well. The numbers weren't that bad at all

I was wondering if you still owned it.  It's the same ol same ol debt story in the oil patch.  OXY has some toxic financing.  The Warren Buffet loan shark deal looks real bad right now.  I think they were counting on $60 oil.  I think we all were.  They are in trouble if we visit $45 oil and sit there.  The flu could cause just that.  I was reading an article the other day.  If OXY ever does run, Buffet can execute those warrants and just keep on selling to get that part his money back.  In addition to the loan interest that I think is at 8 1/2%.   

LOW looks good but I'd want it just a little cheaper.  HD (the company) is going to keep outperforming them, but the spread in share price is probably excessive.  HD is gonna choke on all that debt when the economy turns.  Whatever year that is lol.

Yeah I actually sold OXY twice for a profit and I didn't want to take a my chances a 3rd time lol.

Today really is not a good day to buy. I don't like buying unless the market is down big. I just don't see 400 green holding and we still have downside left. Even with the the market dropping 3% we still are no where near over sold. Like really APPL up $9. Why lol?

I'm waiting on the 3 day rule before I buy LOW. Hoping for $110

The stocks I'm waiting to dip further are the ones that will be affected by China like MMM, UPS and SBUX. Just wait until the virus comes to the US. You haven't even seen panic yet lol.  I know the utilities are very over valued but they may be the ones who continue too see new highs. Tech is vulnerable right now and I'm just not ready to dip my toes in that sand yet lol

Look at that XOM is red again