What Did You Buy Today?

[fenders53]

(03-21-2020, 08:04 PM)vbin Wrote:

(03-21-2020, 04:32 PM)Kerim Wrote:

(03-20-2020, 07:39 PM)crimsonghost747 Wrote: I think the real question now is:
what on earth are we going to do during the weekend when the market is closed?

Maybe build a buy list (again)? I have a feeling that it's shopping time on Monday...

I've been spending a lot of today updating my tracking sheets for each of my DG stocks. Long overdue. Only about a third of the way through, but will do another big chunk tomorrow. I'm glad the markets are closed for a breather. I wonder if we're looking at a heavy down start to the week as the surge begins for real in parts of the country?

In any case, anyone looking at AFL right now? Yield is low compared to many of today's "bargains," but other metrics look great for a conservative stalwart like AFL.

Also appreciate thoughts on WFC.

I am interested in WFC as well. It's pretty cheap right now but I am ready to bet that there is more 20% downside to it.

Long term it should be fine. Also they are a big lander and their earnings are going to take a big hit. I don't know how much they have been landing to shale companies and if you guys are following up, there was a huge layoff in oil sector last week. Not sure how many of their small business will default. Would appriciate thoughts from other folks.

I don't have much invested in banks.  I somehow missed out on this pre-crash bad idea.   I didn't miss many lol.  The FED has made a very strong commitment to not allowing the yield curve to invert.  That's important as they have to have that spread.  Some of their other business like IPOs and such is gone for now.  The banks just have to survive this time.  I'd wait for a little more bad news on the virus numbers and then I think bank shares might be a very good opportunity.  Better than most sectors anyway.  As far as dropping 20% more?  Maybe, but it's just a number pulled out of the air.  We can say that about oil, tech, restaurants etc.  We might get lucky and be right.