What Did You Buy Today?

[fenders53]

(03-24-2020, 07:59 PM)divmenow Wrote:

(03-24-2020, 06:12 PM)fenders53 Wrote:

(03-24-2020, 05:13 PM)divmenow Wrote:

(03-24-2020, 04:02 PM)fenders53 Wrote:

(03-24-2020, 03:34 PM)divmenow Wrote: You should have bought them yesterday 

Keeping cash on the sidelines was a bad idea at least for today lol

But UNP and NSC still is a good buy even at these levels 

Even with the run-up there are still some bargains to be had. Tomorrow they can be bigger bargains or off to the races. Its a surprise every day I look 

LMT, NOC, GD, VZ, PII, PSX, AAP, MMM, BEN, HII, HON, STOR, BMY, ABBV, CVS, PEP. BEP, BIP, MO, EXC and D. Just some names I'm throwing out your way lol

Don't be trying to lure me into your overpriced railroads two days late so you can leave me holding the bag.    

I own 2/3rds of the tickers you posted, so quit stealing my ideas lol.  I trimmed about 10 tickers right at the close, because  I've seen this movie before.  I own 45 stocks now.  I don't know how that happened lol.  Most of them are down at least a little so I'm stuck with too many stocks for now.  I want to tiptoe back to my UTE bomb shelter but I got caught with little cash.  Exactly why I sold some at the close.  We will probably be up some one more day though when the mother of all stimulus plans is approved.  We'll see.

Just because you own 1 share of something we wont count that in your 45 names  

Get back in those UTES. They look the most attractive now. Well at least better then they were  a month ago    

And I did yesterday was the time to buy the rails.

How about that WEN. Damn I should have stayed in that name 

You must have me confused with the Two Share Guru.  How ironic is that lol.

I completely missed the rails after watching them for a longtime at high valuations.  I have too many stocks to track as wild as the market is.  I do have a half dozen $1K positions.  Either a bit speculative, or I dipped my toe in the pool because deep down I know they aren't really cheap enough for a real buy yet. 

I traded WEN from 15-20 quite a few times.  We may have seen the bottom when it went sub 7.  I won't chase and hold it with their weak credit rating it but it will be back to 18+ when the world calms down.  I am hoping restaurants get hammered one more time. now that I am light.  I'd like to see UTEs get hit again too.  The market will love them again when everything else is blowing earnings.

Two share Guro.... Good one. I think you may have upset her with that comment 

I wont buy WEN stock again unless it goes back under $10. But I will continue to go to the drive through 4 times a week 

I don't see the restaurants going back down to retest those lows. They will come back down some, but not to where we like them. I think we missed our opportunities. Wish I 
bought MCD at $125 damit lol

There's still a lot of other great opportunities out there. i'm going to focus on those names. Maybe I will buy NSC tomorrow on a pullback. Everytime I mention a stock on here it goes up lol

Stay safe everyone in this difficult times

MCD was a good trade for me.  I caught some shares around 125.  Truth is it might have been an even better hold.  The only restaurant I still have a large position in is CBRL and that's only because I started buying it two weeks too early.  There are a lot of bargains in the industrials, but they are also a long way from normal earnings.  They can't turn around on a dime.  I saw ADM cut ethanol production forecast by 2M barrels this year which is almost 20%. They are losing over 8 cents a gallon to produce it at current prices.  Not much point in that.  We get some local news on them as some of their R&D occurs at Iowa State U.  Guess I should have expected this with gasoline demand so low.  

I think we may have a few more weeks to get into what we want near lows.  Surely these 2000pt swings can't go on forever.  We'll get back into a range bound mode at some point.  Choppy is good but this is overwhelming if you are trying to invest and buying stocks in free fall.  You have no idea if you'll be down 20% in a week if you buy a full position too fast.  But you only had a half a day to average into MCD lol. I do think we might roar halfway back to the ATH.  And by then the bad earnings will be released and we'll suddenly be at high PEs again.  

Just thinking out loud here.