What Did You Buy Today?

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(03-24-2020, 10:40 AM)stockguru Wrote:

(03-24-2020, 09:39 AM)divmenow Wrote:

(03-24-2020, 09:19 AM)fenders53 Wrote:

(03-24-2020, 08:53 AM)divmenow Wrote: I finally took a position in MMM this morning at $121.40. I figured this thigh has been down for a long time. Worst may be behind them now and they are ramping up production due to the Corona. This will now become a 5-10 year hold.

Nothing wrong with that plan.  I don't think they are anywhere near done blowing earnings reports, but this entry will work long term.  I've been adding on the hard dips and have a low basis.  If the market dips much more folks will just yawn when these companies blow earnings.  They just need the liquidity so massive loans don't have to happen to stay in business and avoid div cuts.      

I sold all my BWA today for a significant loss.  I'll need to find a stock with far less headwinds that is also down 30%.  That shouldn't be very challenging if I wait for the stimulus spike to wear off.

The restaurant buys last week look good.  I still have plenty of shares left.  CBRL is on fire and I have a full position.  Left WEN too early but it wasn't a bad trade at all.

Im liking PM at these levels as well. Thoughts?

All company’s will be blowing earnings at this juncture lol. But my thinking is MMM will get a pass since they have blown so many; so wall st is use to it haha!! But really I think this company in a few quarters will get it together. In the mean time you can wait it out with that yield.

Im liking PM at these levels as well. Thoughts?

Nice buy in on MMM.

Question. I was thinking of buying WMT and COST. Both of these companies I see benefiting from the virus. COST especially because many have to buy in bul to stock up. Both are down today as are most retailers. What your thoughts on WMT and COST? 

FYI: My 2 shares each from yesterday's purchases are doing very well 

Someone told me that Costco does not make much money on grocery stuff. Mostly comes from services, oil, membership and although their revenue might be up, earnings will not look good. I haven't researched it though