What Did You Buy Today?

[EricL]

(07-01-2020, 02:54 PM)fenders53 Wrote: They will fall hard but who knows from what height. It really is getting similar to 1999. Regretfully I've held very little tech outside my SPY mutual funds for the past few years. The index will not save you when the big boys eventually correct. I sold some QQQ puts a few weeks ago which were almost instantly profitable. That worked out fine but I know I am tempting fate if I make a real bet. Valuation will matter in the end. The PEG ratio's well above 2.0 for the large caps are what alarm me most, not so much the market CAP in itself. Smaller tech companies with huge PEs and near profitless are the ones that will get hammered without mercy though. Just like the tech bubble crash.

(07-06-2020, 11:23 AM)divmenow Wrote:

(07-06-2020, 11:19 AM)stockguru Wrote: D is down $9 now. That's a bit extreme isn't it lol

I added a new position in SYY this morning.

Maybe a bit; but keep this is mind. Since D cut their dividend, [color=#26282a]To yield 4%, it would need to get to 62.50. So it may have more downside. As I said yesterday it was a sell. I expected it down $5-6 but not $9. Investors are telling you they hate the news.  It's dead money now.  Better opportunities out there in the sector now. 

I'm curious to hear if Eric got out of D and where he put the proceeds??

I haven't sold yet, still digesting the news. Looks like hesitating cost me some with it down big on the announcement.