What Did You Buy Today?

[fenders53]

(03-22-2021, 10:30 AM)crimsonghost747 Wrote:

(03-22-2021, 09:42 AM)fenders53 Wrote:

(03-22-2021, 08:44 AM)divmenow Wrote: Bought some CP. Always wanted to own it.  KSU purchase I see as a positive and they also announced a 5-1 stock split.  This will become 10 year hold at least for me.

Also added some V

KSU is a good rail that was very expensive.  The railroad deck just got reshuffled.  I only own UNP at the moment.  Time for more research. I'll probably add something to the sector soon.   

I have a ton of cash after Friday's option expiration.  Gonna be tough not to force trades but cash really is trash in excess with inflation almost a certainty.

Curious to see what ideas your research comes up with.
I do love the idea of owning a railroad company but damn those valuations have been through the roof for a while now!

I already know what I am going to learn/confirm.  They will remain overvalued.  The US economy is going to hyperventilate coming out of the rona.  Too much pent up demand and we just added stimulus juice.  Our Prez (or whomever he is listening to), is going to continue to be anti-pipeline. It's just going to cause oil to move by rail.  Add that to other hot commodities they are moving like grain.  I'll add a few shares now and then on down days.  I won't be afraid to trim a bit if they spike 20% too fast.  Only way rails get wrecked is if the market gets wrecked and I have no prediction on that date.  Dividends are OK not great in the meantime.       

The popular industrials are making the rails look cheap now.  This seems like a game of whatever is less overvalued is hot this month.  As far as anything remotely tied to fundamentals anyway.