What Did You Buy Today?

[fenders53]

(05-04-2020, 01:43 PM)divmenow Wrote:

(05-04-2020, 01:12 PM)fenders53 Wrote: Last week's CBRL short is working out nicely.  If it was a straight up share short I'd close it today but I need to wait for a few more days of option time decay.  I always use spreads to ensure my potential loss is very limited.  I do want to get long CBRL but I just can't do it way up here.  I think they will be just fine in the end.

Nibbled back some ALE-CAT-MRK shares.  I don't think CAT is that attractive above $100.

Cat is a must add in that $90-93 range if the economy can remain stable. If things get really bad it can go to $60.  History says so. I don't own it. I have done very well over the years with DE. I prefer that name over CAT. Always have. I wouldn't buy DE here either 

And when XOM is leading this market you know something is wrong there lol

I'm not touching any names that have already run from the bottom. Most of those earnings look horrible going forward and its going to take years before you see them growing at 4-5% again. Restaurants have no business going higher. Airline's are dead for years and all those companies taking bailout money will suffer and add to debt. No thanks!

I want the names that have solid balance sheet and have paid the dividend consistently for years and big key for me is the CEO. Without a good CEO I wont touch the stock. I try and buy top 100 CEO's. I know that's not a big deal for most but for me it is 

Growth is where its at. Like AMZN, FB, MSFT, ADBE. Yes those fang names. Hate them but love them at the same time!!

We disagree on very little.  Airlines are toast for now.  Several of them will likely BK so there is no hurry.  They are trades only if you desire excitement.  There will be some wonderful restaurant bargains.  I'll keep trading them for now.  It will take years for some of the majors to get things back to right.  20% run ups are ridiculous.      

I mix it up.  Most of my life I was almost pure growth but that can blow up of course.  I have over-reacted some the other way lately.  I sold the last of my AMZN.  I'll get back in a few FANGS but I will be very gradual about it.  I don't know that it will happen but if they get slammed it will take the wind completely out of this market.  The indexes would free fall.  I try to keep my port allocated so that if it goes truly horrible, I can just turn the computer off and go entertain myself for six months.  That is the good thing about a true DGI portfolio.  We should be able to go hands-off at any time or we aren't doing it right. 

I may have said this before but I live 10 mins from DE headquarters and a bunch of factories.  They are open but laying off.  That stuff doesn't make the wire sometimes.  I live fairly close to major CAT operations as well.  I bought a lot in the 90s and dumped it in the 120s. I don't have to buy all of it rock bottom this time.  The bottom might be today but I highly doubt that.  They aren't selling cheap stuff.  You need a board meeting to buy much from them.