What Did You Buy Today?

[fenders53]

(03-16-2020, 11:48 AM)vbin Wrote:

(03-16-2020, 11:45 AM)fenders53 Wrote:

(03-16-2020, 11:32 AM)vbin Wrote:

(03-16-2020, 11:25 AM)fenders53 Wrote:

(03-16-2020, 10:24 AM)vbin Wrote: Lol, I would have done more buying this morning but my alarm dint go off, lol. I Could be wrong but I feel it ain't over so will get the opportunity again.

Yeah, it clearly isn't over, but it's hard to buy 50 stocks at once so I target the ones being overly beaten up any given day.  The panic seems to rotate.  We'll go lower almost certainly, but we are already at the point that it is will be hard to screw this up long-term if you buy quality.  If I pay 10% too much for a stock that is 40 or 50% off, it usually works out.

I have limit orders for Dal and ual at $25. I am optimistic that they will get filled.

DAL is about the only US airline with management smart enough to maintain a very solid balance sheet.  If they were in oil, they are XOM.  If they fold, the US decided to not have an airline business and I highly doubt that outcome.  I'm in much higher and not selling though it may be painful.  The weak ones like AAL will pay for their excess debt very soon.  The industry may consolidate yet again.  It's no doubt going to get very ugly soon but US airlines are not going away IMO.

Totally agree with you.

I'm sure most are sick of me spamming the forum by now.

Apparent bargains are everywhere now and you just have to ask yourself....  Is this company realistically in danger of going away?  Is it an industry that can't fold?  Who survives if it gets worse than imaginable right now?  Fools are out there right now buying deeply discounted shaky companies that won't survive this.  Been there and it was very painful.  That is why I harp on best in industry until nobody wants to hear it anymore.    There is no need to buy junk.  It might be there later if they aren't facing BK.