What Did You Buy Today?

[fenders53]

(12-24-2020, 11:46 AM)Otter Wrote:

(12-24-2020, 10:48 AM)fenders53 Wrote:

(12-24-2020, 10:41 AM)Otter Wrote: Deployed some 401k rollover funds today and bought equal portions in the IRA of BKH, BMY, CAH, CSCO, ED, FLIC, GILD, HII, IBM, INTC,  LMT, MMM, MRK, PFE, PPL, SPTN, T, VZ, WBA, WEYS, and XLE, then sold covered calls (Mid/Late January 2021 expiry) against most of the positions.

Hoping for some downwards price action on ABNB to add more shares there.

Busy day for you.  I like most of that except INTC.  That train wreck may be searching for a bottom for a good while.  Owned INTC for a decades but they better execute right very soon as that sector is not forgiving.

Apple's M1 chip is a serious threat on the consumer side. INTC is basically a defense contractor, though. National security infrastructure has too much riding on them to allow it to fail. Reminds me of when QCOM was in the $60s last year.

INTC not going out of business but what a mess and it seems mostly self inflicted.  I remember telling people on the net nobody ever sold INTC and was glad they did a year later and that was true then.  If INTC dips harder with an overall market crash I'll be selling puts again.  They have messed up bad and may find a bottom in the next few quarters.