What did you trade today and why?

[dickoncapecod]

Bought 200 shares of GOF at $10.78. Selling near NAV with a 20% distribution. The devil made me do it.

Debbil made me buy a few things on the close but ended up with a bit more cash than I started the day with. Most PIMCOs ended just short of 13%. While I think we can go lower, I don't want to miss this opportunity either.
Good weekend,Dick

 

[Running_Man]

Anxiously watching VTI knife slowly falling.

Any guesses on a good price point to set a limit order to add to my position in a taxable account - $315?

Also keeping in mind “buy the dividend” is nearing

For perspective - buy 10-20 shares. Nothing huge

252.60 would be the first spot I would recommend buying, otherwise if it broke over 331.

 

[YellowSubmarine]

All I can saw is WOW.. Nothing but RED. Every time I look at these there is usually a sector with some green in it. I feel sorry for everyone trying to get a wage out of the market right now.
ETFs from today.
View attachment 62498

UGLY chart!

 

[Budswhizzer]

Bought 200 shares of GOF at $10.78. Selling near NAV with a 20% distribution. The devil made me do it.

I added 100 at $10.79. Makes me feel good to know that I wasn't the only one adding!!

 

[joejetski]

Bought some PAXS and PDI just before session close.

 

[NW-Bound]

Don't think it is too late to sell, but I think now is not when to buy.

You may be right about the selling part. The reason I have not sold any is that being greedy, I have been selling calls expecting to get higher prices than ones existing at the time I wrote the calls. I was hoping to get some calls assigned, and that would lower my stock AA.

The market collapsed so fast, my calls got even further out of the money. I console myself that the premium collected eased the pain.

Earlier in the thread, we talked about Micron (MU) reporting an astounding quarter after market close on Wed 3/18. Yet, the stock kept dropping Thu 3/19 and today 3/20. From a high of 476 on Wed, it closed today at 428. Along the rise up to 476, I had written laddering calls at 410, 425, 445, 450. I thought they would all be assigned.

Yet, 2 days later, only I only "lost" one lot at 410. The premium on the 410 calls was $27.48, so I am still ahead compared to not selling the call. Of course, all the calls brought me money. It does not match the gain I would have selling at the top at 476, but I would not dream of being so prescient to pull that off.

All this to say, I like to sell OTM options, and as long as the total return beats buy-and-hold, I am OK with it. Oh, and my AA is just 60-65% in equities now.

PS. FWIW, the premium I got for the 425, 445, and 450 calls were $21.76, $28.65, and $12.80 (they were sold on different days as MU was going up). Of course, they are all worthless now. People who bought them would be very sad.

 

[dobig]

Picked up 1370 shares of TQQQ at $42.39. A little bounce at the close.

Just don't see this lasting very long with top brass who thinks the world revolves around the markets.


Edited: incorrect share amount.

 

[Fermion]

I was proud of my purchase of VYM yesterday for $147, thinking YES, I got in on a drop, only to see it trade down to $145...

 

[Al18]

Fermion,
Check VYM again in 6 months. I bought some a few weeks ago, and I’ve never sold a fund without holding at least 2 years.

 

[dobig]

I was proud of my purchase of VYM yesterday for $147, thinking YES, I got in on a drop, only to see it trade down to $145...

After hours
$146.86 +1.69(+1.16%)

 

[COcheesehead]

Caught this little gem this morning.

Since 1950, when the S&P 500 closes above the 200 DMA, the annualized return is 21.1%.

When it closes beneath? -22.2%.

We closed below.

 

[Flieger]

Caught this little gem this morning.

Since 1950, when the S&P 500 closes above the 200 DMA, the annualized return is 21.1%.

When it closes beneath? -22.2%.

We closed below.

So, are you going to all cash?

Flieger

 

[COcheesehead]

So, are you going to all cash?

Flieger

No, but will likely ramp up my alternatives which have been holding up well.

 

[finnski1]

Caught this little gem this morning.

Since 1950, when the S&P 500 closes above the 200 DMA, the annualized return is 21.1%.

When it closes beneath? -22.2%.

We closed below.

Closed below yesterday. Looks like it might have on Thursday as well. Can't quite tell from my think or swim chart.

 

[COcheesehead]

The market now expects a rate hike by the October meeting. The Move index made a massive spike yesterday = likely more volatility ahead.

 

[RobLJ]

The PPI has and continues to deeply concern me. My take is that it may be starting to show the transmission of tariff inflation, but that's probably far too simple. But it would explain why the tariff transmission to inflation has been slow, and suddenly, not so slow. I have heard tell that some small businesses can't transmit price increases and therefore will simply close, but that's just anecdotal here in Nevada.
I suspect the Fed is now in a pickle, but I'm not an economist (on the other hand).
And I would throw out there that the Strait conundrum could a lot resemble the supply chain horror in COVID (only different, of course).
Color me deeply concerned and completely unclear about the next 3-6 months. I'm sure it will not be as bad as my fears, but I don't see a clear path to the Godilocks economy. I do see a path to the invasion of the Straits and Kharg Island, which is not comforting, at least to me (you would still need to block drones and other attacks in the Strait which is possible but would need to be airtight). Of course, Iran could simply negotiate with a ceacefire, which seem cool
The next 3-6 months should be interesting. The old Poly-Sci major in me is interested.
The above assumes that the defacto "goal" of our embardment is now to ensure the free flow of oil. If not, things get really really muddy, to the Poly-Sci and investment me; history shows that we historically (and the current administration) pretty much suck at regime change in the gulf and in South America.
Editors: I'm fine with you cutting this if it is too political; I was just trying to summarize posts in Foreign Policy, The Economist, the FT (Alphaville), and elsewhere in terms of the outlook for the next 3 months.
To summarize my post: I don't know diddley-squat and neither do the journals; it all hangs on decisions taken in the next 1-3 months and the outcome of those decisions.
If you are a 60-40 or 80-20 investor, none of this matters, other than when you rebalance,

 

[Contrarian]

On the off chance this post might be helpful to someone: my basic approach is to accept that corrections or bear markets will periodically occur sometimes for apparent reasons and sometimes without apparent reasons. For equities two best approaches, one maintain preset regular equity investing throughout in investments that have faith (e.g. indexes) as a long term investor, second best just don't panic sell. (Maybe take a break from the news and all the financial porn/blather.) For fixed-buy individual bonds that are high grade and you are willing to hold until called or redeemed upon its maturity. As it approaches maturity its market price returns to par. Have diversified portfolio and know your risk tolerance. Rebalance along the way preferably with new monies. But these approaches are not the fodder of most forums. Too boring for most. Just peaking back in here. Good Luck.

 

[dobig]

Picked up 1370 shares of TQQQ at $42.39. A little bounce at the close.

Just don't see this lasting very long with top brass who thinks the world revolves around the markets.


Edited: incorrect share amount.

Sold pre market for 8% gain.

 

[joejetski]

The PPI has and continues to deeply concern me. My take is that it may be starting to show the transmission of tariff inflation, but that's probably far too simple. But it would explain why the tariff transmission to inflation has been slow, and suddenly, not so slow. I have heard tell that some small businesses can't transmit price increases and therefore will simply close, but that's just anecdotal here in Nevada.
I suspect the Fed is now in a pickle, but I'm not an economist (on the other hand).
And I would throw out there that the Strait conundrum could a lot resemble the supply chain horror in COVID (only different, of course).
Color me deeply concerned and completely unclear about the next 3-6 months. I'm sure it will not be as bad as my fears, but I don't see a clear path to the Godilocks economy. I do see a path to the invasion of the Straits and Kharg Island, which is not comforting, at least to me (you would still need to block drones and other attacks in the Strait which is possible but would need to be airtight). Of course, Iran could simply negotiate with a ceacefire, which seem cool
The next 3-6 months should be interesting. The old Poly-Sci major in me is interested.
The above assumes that the defacto "goal" of our embardment is now to ensure the free flow of oil. If not, things get really really muddy, to the Poly-Sci and investment me; history shows that we historically (and the current administration) pretty much suck at regime change in the gulf and in South America.
Editors: I'm fine with you cutting this if it is too political; I was just trying to summarize posts in Foreign Policy, The Economist, the FT (Alphaville), and elsewhere in terms of the outlook for the next 3 months.
To summarize my post: I don't know diddley-squat and neither do the journals; it all hangs on decisions taken in the next 1-3 months and the outcome of those decisions.
If you are a 60-40 or 80-20 investor, none of this matters, other than when you rebalance,

O-I-L…to me that is the reason for recent inflationary pressures unless you can demonstrate clearly where tariffs are having an impact on PPI.

 

[Flieger]

Sold EICC after March Div and prior to redemption April 6th.
Bought some CEFS and BST.

Flieger

 

[Qs Laptop]

O-I-L…to me that is the reason for recent inflationary pressures unless you can demonstrate clearly where tariffs are having an impact on PPI.

Price of oil did not increase until the beginning of March. The most recent PPI report would not have included the effects of oil prices on PPI as yet.

 

[MarieIG]

Bought a little SCHD, SCHF, SCHY and SPYI Friday, and did a Roth conversion. I had been planning to buy a bit more and convert more today, but I may pass.

 

[joejetski]

Price of oil did not increase until the beginning of March. The most recent PPI report would not have included the effects of oil prices on PPI as yet.

I really didn’t notice any price increases on goods I purchase, unless they were tiny.

 

[joejetski]

Sold EICC after March Div and prior to redemption April 6th.
Bought some CEFS and BST.

Flieger

I nibbled on a bunch of positions that dropped Friday, DNP, FOF, CEFS, GGN, HTD, PTD, and a little more on my PIMCOs, QQQI, and SPYI.

 

[dickoncapecod]

Reduced cash by about half. The [mod edit] can reverse in 30 seconds, but these yields fit me extremely well, and although stuff can certainly tank on fear again, IMO they are good investments over the intermediate term. Surely today's price action has included short and flat/underweight covering, but at these yields.....okay.
Regards, Dick