What Did You Buy Today?

[divmenow]

(08-06-2020, 06:45 PM)fenders53 Wrote:

(08-06-2020, 03:24 PM)divmenow Wrote:

(08-06-2020, 03:18 PM)fenders53 Wrote:

(08-06-2020, 03:16 PM)divmenow Wrote:

(08-06-2020, 02:38 PM)fenders53 Wrote: Picked up a few shares of AEP.  Sold a put in DG at strike 190.  Dividend is a little light so I might as well get some cash on the way in.  Definitely a quiet growth company.  I wish I had bought DG years ago.

You should have bought AAPL 2 days ago lol ?

I'll pick some up when they crash.  Got em on my list. 

But the time it crashes it may be $200 after the 4-1 split lol

That is sure possible.  AAPL is probably over double it's historical valuation now and it isn't growing faster lately.  I'm not biting.  There is plenty in my SPY index fund anyway.  Watching some of my stocks run because they beat estimates reduced five times and maybe matching 2017/18 revenue amazes me. I try not to look a gift horse in the mouth though lol.  Companies should just cut guidance 20%, then the stupid market would reward them for beating estimates the next six quarters. 

Here’s the thing about AAPL. It’s no longer a value stock like it was all those years. It’s a growth stock now and it’s earnings are going to keep growing. With a forward PE of 26 that’s cheap for a tech stock that can grow. You could never put AAPL and tech in the same sentence before lol. It was only a cell phone only and no innovation. Boy how things have changed lol. There past earnings they killed it, and was probably the best conference call I heard all year. So you can throw out historic valuations here haha! Buy some shares on the next $5 dip