What Did You Buy Today?

[divmenow]

(02-26-2020, 12:03 PM)fenders53 Wrote:

(02-26-2020, 11:25 AM)divmenow Wrote:

(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 

Yeah I am sitting here just dying to buy.  I was tied up at work yesterday or I would have bought some industrials.  Who is that one guy that preaches "never do today what you wish you had done yesterday?"  Now I remember. that was me lol.  Keep an eye on me please and thank you.  I need to go find something constructive to do before I start forcing trades. 

And just so you know, oil jokes are in very poor taste here right now.    I feel sorry for those idiots that own XOM.  Luckily I own BP instead.  Oh wait, that didn't work much better lol.  You just gotta smile through this and try not to do the same dumbass stuff again. 

Yes, AAPL moves blow my mind.  Is yesterday's flu all better now?  It's just momo day traders and the algos.  I just hope the correction doesn't go much deeper.  Those clowns start getting forced to liquidate with margin calls and this gets worse for awhile.  Another down 1000 and I'd bet that starts happening.  I think we are safe for now.

Ha what did I tell You. That 400 point green is gone already. It happen like 5 min after I wrote lol. Looks like you can buy now.  Oh wait we may may close down 400-500 points now. To wait or not to wait. That is the question