(04-29-2020, 11:09 AM)divmenow Wrote:What are all of your "core holdings" if you don't mind me asking? Is it UPS, C and FRT or do you have other core holdings? You trade a lot, which is completely fine of course, but I suspect some people think you are actually investing when you post 20 buys here some weeks. We usually don't hear about any sells so it comes off like you must own 200 stocks. Just asking because we converse daily. (which I enjoy)(04-29-2020, 10:49 AM)fenders53 Wrote: DAL up 20% this week. Dividend gone for years and I'm seriously not sure they have the FCF next quarter to buy employees coffee and toilet paper. I guess they can finance it.
F just announced they will lose the GNP of a small country the next few quarters. Div cut for years and stock is only up a little today. At least 20% up off it's low.
My purchases will be few and far between. There will be true bargains eventually. I'm starting to get bitter about this insanity. I'm plenty long equities but I sure don't know how I justify it at this point.
I'm out of the market. Selling all the stuff I bought in recent months. Some are up 30% from where I got it lol. I'm going 80% cash and will put under my mattress until the market corrects at least 20% lol. No earnings going forward and heavy debt. All these companies are pulling guidance for a reason. We will be going into a recession. It's coming and also we have the presidential election coming up. Everything is based on the corona right now and that's a dangerous game. I don't care if this market goes up another 10% I'm not falling for it. I'm up 28.7% this year now with all the trading in and out and what not. Nothing wrong with that. I will live to fight another day!
On the new stuff i bough recently I will just hold UPS, C and FRT and keep adding on dips. UPS will be one company I wll bank on of gaining 25% or more when it hits $115-$120 again. And of course I will hold onto my core holdings which will always be up unless the DOW hits 10,000 lol
I know I am the Super Bear here often, but I do keep most of my port invested while flipping a little in and out on the 10% runs in individual stocks. For better or worse I also hedge a little to keep my port beta down some through an obvious recession coming. I know I can't time the market consistently. A 90 day win streak will mean absolutely nothing long-term so I don't even try. I always have cash if the big one comes.