Posts: 38
Threads: 0
Joined: Jul 2019
Reputation:
1
(09-02-2020, 09:09 AM)stockguru Wrote: Went into 70 percent cash yesterday. Will wait patiently for the next downturn.
My top 10 is still in tact. Sold all my trading stocks and etf's
Nice.
- I'm at ~30% cash and am now stock piling the monies I typically invest.
- In April-May, I reshuffled my "weaker" investments into top companies. All companies that, if they dropped 20-40%, I'd buy as many shares as I could.
- I am contemplating investing ~25% of what I normally would just to keep my head in the game.
Paul
Posts: 1,863
Threads: 35
Joined: Jan 2016
Reputation:
6
Bought VXX. This will only be a trade. I see this as a good play for the short term.
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
68
(09-03-2020, 07:16 AM)divmenow Wrote: Bought VXX. This will only be a trade. I see this as a good play for the short term.
I like that trade. I think it will pay off but you could ride it awhile if necessary. I don't think our wait will be too long I strongly considered that not long ago but ended up with some precious metals and TLT puts. Same goal, expecting some chop and fear. A small hedge. Metals paid off faster than I thought.
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
68
09-03-2020, 08:09 AM
(This post was last modified: 09-03-2020, 08:10 AM by fenders53.)
(09-03-2020, 06:37 AM)pdaignau Wrote: (09-02-2020, 09:09 AM)stockguru Wrote: Went into 70 percent cash yesterday. Will wait patiently for the next downturn.
My top 10 is still in tact. Sold all my trading stocks and etf's
Nice.
- I'm at ~30% cash and am now stock piling the monies I typically invest.
- In April-May, I reshuffled my "weaker" investments into top companies. All companies that, if they dropped 20-40%, I'd buy as many shares as I could.
- I am contemplating investing ~25% of what I normally would just to keep my head in the game.
Paul
That's a good plan. The board is getting a little bearish, but we can't time this much better than a coin flip. Market might pullback 5% and then run another 20% higher? I am only getting a little cashy for one reason. It's not in question the market is historically overvalued. I don't expect a huge pull back, but if it comes it, is not a good feeling to be 40% down and no ability to buy a significant amount of cheap shares.
If you are young you have to shut off the noise keep most of it riding in the market or you will miss the bus eventually.
Posts: 1,863
Threads: 35
Joined: Jan 2016
Reputation:
6
(09-03-2020, 08:01 AM)fenders53 Wrote: (09-03-2020, 07:16 AM)divmenow Wrote: Bought VXX. This will only be a trade. I see this as a good play for the short term.
I like that trade. I think it will pay off but you could ride it awhile if necessary. I don't think our wait will be too long I strongly considered that not long ago but ended up with some precious metals and TLT puts. Same goal, expecting some chop and fear. A small hedge. Metals paid off faster than I thought.
And there it is. When your your right, your right 
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
68
Posts: 1,145
Threads: 2
Joined: Jul 2018
Reputation:
1
Bought 1 WM for fun. Have been wanting to buy it since it was at $70 levels pre-crash.
Sold an aapl put expiring next week for $115 strike.
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
68
(09-03-2020, 11:44 AM)vbin Wrote: Bought 1 WM for fun. Have been wanting to buy it since it was at $70 levels pre-crash.
Sold an aapl put expiring next week for $115 strike.
I like the short term option trades on quality stocks when volatility rises. There is no saving us from free fall of course, but it is surprisingly easy to dance your way to an entry 5% lower by rolling it once or twice. AAPL has been one of those stocks in the past.
Posts: 1,863
Threads: 35
Joined: Jan 2016
Reputation:
6
My $114 on AAPL just got filled. It's now my 2nd largest holding
Also got some SQ, SRE and EIX
Posts: 458
Threads: 2
Joined: Sep 2019
Reputation:
4
Bought AAPL. DOCU, AEP and NEE
Posts: 911
Threads: 9
Joined: Feb 2018
Reputation:
10
Wow that 70% cash I went into was a good move after all 
But now the MMM's are stealing you shares and shaking the weak hands.
I jumped in a few shares of AAPL, added to LOW, SQ, ABBV and PEP.
Sold some puts as well and I'm in the money on most I purchased last week
Just adding to my top 10. Still am 65% cash
Posts: 1,145
Threads: 2
Joined: Jul 2018
Reputation:
1
I traded RTX in my kids account bought them back. Bought PCGU, GOOG, apple is in the money, thinking to roll it forward at a strike price for $110.
|
What I would really like is a nice down 1500 DOW points week, but the Prez won't let FED chief get any sleep until he adds some more market jet fuel. I'm not holding my breath fro a crash. 
