Calling all dirty bottom fishers, your stock shopping list ?

Lakewood90712

Lakewood90712

Thinks s/he gets paid by the post
Joined
Jul 21, 2005
Messages
2,223
Ok you bottom fishers, the year end clearance sale has started. Post your shopping list, buy in price target and reason to buy the company shares.
 
Not buying individual company stocks. I'm just buying relatively broad market index funds ... either US large-caps or US small-caps. I will switch to foreign index funds next week if they drop even more.

Portfolio is down about mid-6-figures and I've bought an additional mid-6-figures in equity shares the past few days. Those can go to 7-figures and I will keep on keeping on.
 
VZ CMCSA T MDT CSCO

JNJ ABBV BMY ADM FLO F IP PKG XOM EQNR

BX BXMT HTA O DUK SO

FOXA AMP ABC INTC

PGX SCHD VNQI ENZL
Click to expand...
Some more than others...
 
TCEHY-30ish- Tencent music IPO, Fortnite Chinese release, No tariff exposure,One of the worlds best balance sheets!
 
Here's some recent ones I've been nibbling at/ lost fingers as the knives slice through them on the way down:

TWTR @ 29.21 (now 26.43). Had played it before (made a small profit), back to take another bite. Less issues than FB or GOOG regarding data privacy, more traffic because of all the controversies. Might have been helped by election ad revenue.

OLED @ 84.62 (now 82.96). Have some of this already, and had traded some of it out for a profit at a higher price. Establishing my prior position. Trend to use of OLED screens on high end phones continues. While they will be hurt if the economy caves, the screen technology is quite beautiful and hopefully the technology will work its way into lower cost phones.

I spent some time actually trying to do back of the envelope calculations on money I've put into/taken out of the market over the last couple of years, partially as a way to 'comfort' myself regarding the beating I've recently taken in the market. I was somewhat fortunate when my largest non-mutual fund holding was taken over - mostly in cash in 2017. For whatever reason, I decided to not reinvest most of that money but instead put it in CD's. This year, while I thought the market would get to new highs (past February) and was correct (well, at least for a little while), I still did sell off some holdings. Offsetting some of that is the fact that in my post retirement job, I utilize their tax deferred plan (457) to the max amount - and all of that went into equities.

Net net I took out of the market about $100K in 2017 and $150K in 2018, and have close to 25% of my total net worth in cash. So that has me sleeping better at night (but I am down $450K plus from the peak which isn't so nice).

I do think it is time to start to make a real shopping list of companies which have good dividend coverage and financials - not because I think we've hit bottom (who knows), but at some point valuations become ridiculously cheap (for companies with solid earnings). For example, Apple at this point is something like 10X after adjusting for cash. It seems like the market is already pricing in quite a bad drop off in iPhone sales...don't know but I don't think the company is ready to fold. This is as compared to my two examples above which I am just trying to trade.

It was actually *good* that the safety plays (things like P&G and the utilities) were hit hard today. In the end, all must die before we can bottom - and that includes the last man standing plays.
 
Lakewood90712 said:
Ok you bottom fishers, the year end clearance sale has started. Post your shopping list, buy in price target and reason to buy the company shares.
Click to expand...

How dare you call those (?my ) trusty computers on full auto dirty bottom fishers. I'm sure they bathe on a regular basis - computer wise that is. :D :LOL: :facepalm:

Auto re-balancing since 2006 for retirement(real) money.

Hmmm - Saint's and Huskies each having had a good season, male hormones being what they is. May just may look at 'a few good stocks'.

heh heh heh - No candidates yet, BUT I will be watching this thread. ;)
 
Bottom fishing will start when there is blood in the streets. Just like last time. And, remember, computer trading runs the market direction. Not us lowly retail pleebs.
 
Buy, buy, buy...

I don't care what you buy. Just buy, and buy often.

The more you buy, the more we will all win.
 
Thanks for your concern, but I am quite OK.

I have done my share of buying, a bit too early.

Now, it's you guys' turn. :)

Buy, buy, buy...

PS. Just imagine if the whole world clicks on "buy". Would the market not immediately jump to infinity if there were no seller? Would not everyone win? :)
 
Last edited:
When some posters here talk about going back to work?

aja8888 said:
Bottom fishing will start when there is blood in the streets. Just like last time. And, remember, computer trading runs the market direction. Not us lowly retail pleebs.
Click to expand...

A lot of that blood was our own.
 
copyright1997reloaded said:
So, how low do we go?
Click to expand...


Your guess is as good (or probably better) than mine, but I think we're getting into a fear/shock mindset now, especially with the less-experienced investor crowd, so there almost has to be more selling ahead. Running_Man, on another thread, is calling for an S&P low of 1200 by sometime next year. That may sound extreme to many, but he's made some pretty good calls in the past, so I wouldn't bet against something like that happening.

I should disclose that I am mostly out of equities these days, and I am not looking to get back into equities in a big way anytime soon. So I don't have a big personal stake in what happens or doesn't happen with the markets.
 
Here is my list. I've entered orders to sell 2020 puts at these strike prices with premium generally double of the current ask.

Facebook 80
Apple 100
Google 900
Amazon 950
JP Morgan 60
PG 50
 
Lakewood90712 said:
PGX , Has the div. stayed at about the same amount ( not % ) over the last few years ?
Click to expand...
Dividend once a month. Historical dividend can be fetched from Yahoo Finance. On PGX page, look at Historical data, dividends only by using the pull down menu called Show.
 
There will be a test of the bottom and retest and...plenty of time to buy.
 
aja8888 said:
Bottom fishing will start when there is blood in the streets. Just like last time. And, remember, computer trading runs the market direction. Not us lowly retail pleebs.
Click to expand...
Aja, did you see the Japanese market had a Christmas day slaughter? Down 5% .
 
Mulligan said:
Aja, did you see the Japanese market had a Christmas day slaughter? Down 5% .
Click to expand...

No, I didn't see that. Ouch!

Hope the clouds from Japan don't drift this way. In any event, I sold most of my vulnerable ETF's and MF's over the last two weeks. But I still have an S&P 500 one that can get tanked.
 
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