What Did You Buy Today?

[divmenow]

(03-24-2020, 12:43 PM)fenders53 Wrote:

(03-24-2020, 12:15 PM)divmenow Wrote:

(03-24-2020, 12:13 PM)fenders53 Wrote:

(03-24-2020, 11:47 AM)divmenow Wrote: Bought some shares in PSX. At these levels I can wait out the storm

Sold RDS.B after getting in an average of $21.80. I don't want to own more then 3 oil stocks lol This was suppose to be a long term hold but couldn't pass up a profit

CVX, PSX and EOG. That's all for now

Looking to scoop up some PM and BIP

Sometime you gotta take what the market gives you.  The volatility is historical.  You can practically day trade UTEs and Oil lately.  That's not normal.  I intend to stay mostly long but when the market will hand me 15% or more in days, I remind myself that's a pretty good year for a buy and hold position.  Especially in sectors that have no narrative that allows them to explode to the upside anytime soon.  RDS.B could double.  The chances of that happening in 2021 are not much.  Even from way down here.

RDS. B could very double from here. In fact all stocks may double from here. Take you pick   

I just prefered PSX at these levels.

What no comment on PM lol

Other stocks have an actual thesis to double that I can comprehend.  I'm tired of delusional oil trader pipe dreams. I've allowed myself to get sucked into that for the last time.  Trades only and I need more blood in the streets, as if this isn't bad enough lol.

Tobacco is a trade as well.  I know these are fighting words here but there is no long-term upside hold.  They are nothing but dividend and GOV tax whores that will constantly defend themselves.  The past doesn't matter to me.   

Was that opinion clear enough?  

Not really what I was looking for soooooo Nooooo   

I actually think tobacco will do well in this environment. People are on lockdown and will smoke even more now to calm their nerves lol.  PM at these levels are a steal. Much better play then restaurants which have already run from the bottom.