What Did You Buy Today?

[fenders53]

(03-08-2021, 02:27 PM)stockguru Wrote:

(03-08-2021, 01:56 PM)fenders53 Wrote:

(05-07-2020, 11:15 AM)kblake Wrote: bought WFC, GD, FRT, MO, PM and BRK.B

I'm still holding 48% cash for other opportunities

(03-08-2021, 01:42 PM)crimsonghost747 Wrote:

(03-08-2021, 01:15 PM)fenders53 Wrote: Somebody explain the re-opening stocks to me.  Massive balance sheet damage, dividend eliminated, hoping to make five year ago level profits in 2022.  Stocks approaching the top of their pre-Covid range when things weren't all that great for most of them pre-Covid anyway.  There are numerous examples and SIX would be one of them.  What am I missing?

If the price is close to pre-covid range.
Then I think the play is: everyone is bored and has tons of money. (this part is well supported by the actual numbers) 
They will spend it as soon as they get a chance to and buy tons of experiences. So cruises, zoos, disney parks, your six flags, restaurants etc.

It's not a long term play, but rather a "earnings will be crazy for a Q or two" play. Or at least that is my view.

That is some of it.  SIX plans to lose big money this year despite reopening.    Next year some 2016 earnings.  I think it's just zero DD momentum hoping.  Restaurants make more sense.  The majority maintained some cash flow through this and small competitors died.  

Added AAPL-ENPH-TSM-ARKF. Still just nibbling.some of these are newish losing positions now.  When is the rotation back to tech scheduled while they scream the DOW is overvalued?  I'll be proud of them if they wait a month lol.

AAPL off BIG FROM the highs and CCL continues to go up. Rubbish 

I added 35 more AAPL

May I upgrade that comment to... "this is some BS and I'm not gonna take it much anymore?" 

I don't short much, and I am smart enough not to walk into the teeth of what may me months of euphoria, but it is going to be very tempting when they have an OK earnings report after re-open and announce they need to borrow some more money at what may be a bit higher rates.   Its gonna happen.  We need to get Eric the debt hawk into this conversation in a few months lol.