What stocks are you shopping?

[Car-Guy]

They say speculate with like 2% of your portfolio...so...uhm...hey Elon!

For me you'll need to add another digit with that 2% for my dry powder... But that's gas money for Elon. Or maybe I should say, charging station money.

 

[Montecfo]

I bought Microsoft in the $20's and sold it around $35. Smart move.

Yeah I did the same. Nice gain I thought. It's kind of like my Apple story.

But I got back into both stocks and have made a bunch. Just not as much as I could have.

 

[Montecfo]

If the Vix rises again tomorrow I will likely nibble.

 

[aja8888]

This market will probably be in "The House of Pain" until the FED gets through with the QT and interest rate rises.

 

[Magus]

This market will probably be in "The House of Pain" until the FED gets through with the QT and interest rate rises.

+1 - “don’t fight the Fed” works both ways

 

[FREE866]

+1 - “don’t fight the Fed” works both ways

History paints a different picture


Like many false narratives, the FED raising rates certainly does not equate to lower stock prices

 

[Magus]

History paints a different picture


Like many false narratives, the FED raising rates certainly does not equate to lower stock prices

I was referencing QT tightening not interest rates on fighting the Fed. But the last time we had high inflation and the fed had raise rates, stocks did not do well. Throw in $1T in withdrawn liquidity in next 12 months?

 

[pb4uski]

I'm not really shopping for stocks but I am writing ~20% OTM cash covered calls for income on numerous stocks that I wouldn't mind owning at a ~20% discount such as AAPL, ABBV, ADP, AXP, CAT, DIS, FDX, HD, ITW, JPM, LOW, MMM, NKE, PFE, PPG, PRU, QCOM, SBUX, SWK, TFC, USB, V and WBA.

 

[Montecfo]

I'm not really shopping for stocks but I am writing ~20% OTM cash covered calls for income on numerous stocks that I wouldn't mind owning at a ~20% discount such as AAPL, ABBV, ADP, AXP, CAT, DIS, FDX, HD, ITW, JPM, LOW, MMM, NKE, PFE, PPG, PRU, QCOM, SBUX, SWK, TFC, USB, V and WBA.

It is an interesting list. In fact I own quite a few of those.

 

[Montecfo]

History paints a different picture


Like many false narratives, the FED raising rates certainly does not equate to lower stock prices

It equates to a headwind. Often when the Fed raises rates the economy is growing. If earnings or earnings expectations grow enough, stocks can overcome the headwind and rise in the face of rate hikes.

This time? I am dubious because we have never come off rates this low and it's a huge hike if the Fed follows through. PLUS shrinking the balance sheet. And war in Europe. All of these are risks.

There really is no historical playbook for where we are.

 

[Car-Guy]

Bought 1000 shares of MSFT and 2500 shares of XOM today just before the market closed... I tried to buy 1500 shares of CSCO too but I missed it by 1/4. We will see.

Those are some big dollar purchases!

Hopefully, the PPT will be back on the case tomorrow and get this correction over with!

I sold a few Put options on Ford and XOM.

Talk about pure dumb luck... Bought MSFT about 10 minutes before the close yesterday and then sold in the first ~2 minutes of the opening today. Probably should have held it longer but one of my swing trading rules is not to get greedy. Not my biggest overnight hit but not to bad for less than 15 minutes of "open market" trading. Sold my XOM too but held it ~5 minutes longer... Now I'll start picking up that CSCO that I missed yesterday.


This is not for the "faint at heart". Note: I don't tend to talk about my swing trades that don't work out so well. Same with my casino trips... Quick to boast about big wins, but not so qucik to talk about big losses.

 

[Bigdawg]

I added more Vanda the other day at $10.85. It actually didn't drop at all today even though the market was down 1000 points.

Probably something to do with the $600m market cap, $450m in cash on hand, no debt, and $260m a year in revenue, $60m in profit.

Took a small 100 share bite this morning at $10.18. I'm up to almost 1000 shares now. Just messing around in a play account.

 

[Fermion]

Took a small 100 share bite this morning at $10.18. I'm up to almost 1000 shares now. Just messing around in a play account.

That is a good price. The shares are getting near the point where it would be fairly hard for the company to screw you over, although I guess they could:

1) Get sued for a bad drug (unlikely given the length of time their two drugs have been on market

2) Buy another company, burning up cash (would only be really bad if they bought poorly...there are some good bios out there going for peanuts

$8 in cash by end of this year estimated, about $0.60 a year per share in earnings (not much growth but fairly steady). I would have to do a time value on that, but essentially it is $0.60 a year for $2.18 invested (if you hold that their cash on hand is secure). Patents are good until at least Nov 2027, so should be 5 years of $0.60 or better even if they don't do much else.

 

[Phroig]

Not stocks, but ETFs: SCHD & SCHY.

 

[pb4uski]

I'm not really shopping for stocks but I am writing ~20% OTM cash covered calls for income on numerous stocks that I wouldn't mind owning at a ~20% discount such as AAPL, ABBV, ADP, AXP, CAT, DIS, FDX, HD, ITW, JPM, LOW, MMM, NKE, PFE, PPG, PRU, QCOM, SBUX, SWK, TFC, USB, V and WBA.

It is an interesting list. In fact I own quite a few of those.

Oops... typo...writing cash covered puts... not cash covered calls.

 

[aja8888]

Oops... typo...writing cash covered puts... not cash covered calls.

I was just getting ready to ask you if you meant puts instead. Good ideas. I sold some puts on F, XOM, INTC expiring Friday and a week out. I'm not selling the long dated puts yet as I'm waiting to see what the FED does that may tank the market.

 

[Car-Guy]

Getting back in today before the market closes on both CSCO and MSFT and maybe XOM. About half as much as I bought and then sold earlier in the week. (see posts 17 and 36) I don't see much difference between playing the market like I am these days and playing in a casino except I have to get up out of my chair and get my own beer.

 

[Out-to-Lunch]

I don't see much difference between playing the market like I am these days and playing in a casino except I have to get up out of my chair and get my own beer.

That is a great line!

 

[Mr. Tightwad]

Getting back in today before the market closes on both CSCO and MSFT and maybe XOM. About half as much as I bought and then sold earlier in the week. (see posts 17 and 36) I don't see much difference between playing the market like I am these days and playing in a casino except I have to get up out of my chair and get my own beer.

Either way you are gambling/risking $. One has better chances of outcome than the other, one is frowned upon while the other is considered wise.

I've participated in plenty of both.

 

[joesxm3]

The difference is the amount gambled and lost in the market is considerably more than in the casino. At least in my case.

 

[Theoldbreed]

What stocks are you shopping

Just started buying some Leggit and Platt LEG…plus buy shares of EPD and UTG alternately.

 

[DD4L]

Preferred stocks:- Sniffing around all the ABR's, TWO's, NRZ's, CIM's, ARR's etc.

Still way too early to dive all in just yet but would love to lock in a few more 8%+ yields, particularly some monthly's to close the year out..

YMMV

 

[Car-Guy]

Getting back in today before the market closes on both CSCO and MSFT and maybe XOM. About half as much as I bought and then sold earlier in the week. (see posts 17 and 36) I don't see much difference between playing the market like I am these days and playing in a casino except I have to get up out of my chair and get my own beer.

Another crazy but very profitable couple of days... This time I had to hold almost all day today. I almost sold out around 1pm cst and take some losses, but I held on until 5 minutes ago. What a roller coaster ride today, "again".

 

[aja8888]

Verizon has dropped around 20% since reporting earnings last week which were not bad. Guidance was a little reserved, but they have the bulk of the 5G buildout coming on. At an over 5% yield, it is not a bad buy in the mid $40's.

 

[aja8888]

Another crazy but very profitable couple of days... This time I had to hold almost all day today. I almost sold out around 1pm cst and take some losses, but I held on until 5 minutes ago. What a roller coaster ride today, "again".

Powell's PPT was in action during the last few minutes of the market.