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10- 4 SF.
It's that ole fight or flight Nick kicking in. Yeah, big time with me too. I tend over time to even it out. Gotta tell ya that frantic frenetic fear to keep profits going into the meltdown resulted in well conceived strategy to keep gains. Man I gotta tell ya. That was tough. Was shakin and quaking in my boots.
And it's not over yet. One good day a market doesn't make.
You're welcome. Thanks for the insight. I think maybe $13. That pullback at $10 would have to be a major market pullback again.
Any one else follow UNM ?
I need a really good simple chart for one stock at a time showing up/down volume on that stock. Anyone ?
Good lookin out SF, not quite there yet for me... need more doe re mi. I'm patient...
BMO about as safe as can be. Take a look at UNM. Tell me what you think.
Nice going Nick, Elroy.
Reduced by 1/3 MA at $289- 2.63% The rational is clear. Cost basis reduction with minor profit now to bolster cash and to improve over all return while reducing exposure.
I'm into this thing at 30.50, so don't expect to trade up and out any time soon. Won't cost average either. Not worth the trouble. Will take dividends and put to cash though. Cash is good.
Looks like a market fizzle bringing in new money to the abyss.
Thanks SF,
I won't be trading AMZN like Nick this morning, but will probably sit tight. Conflicting view on its moves. Looking to close IBM, CSCO, ABBV TQQQ HOLX and reduce MA today. we'll see...
Reopened EQH this a.m. at 17.65. Didn't trade pre market so couldn't grab at 16.50. This to me is a long haul stock. Sold previously at 18.12 and much higher in March at $21.10 as the markets were crashing. I'll be adding to this also.
Reopened AMZN after hours this a.m. at 2408.50. Boy oh boy, I do not like going in this high, but it does have chances to move higher. The trading range on AMZN is tightening. This may be the last time I go in to this near these levels.
Beats flying by the seat of your pants Nick. Very Nice. I of course didn't follow my own rules again and wait till 2400 + to close AMZN. Good, could have been better.
Closed AMZN at 2394 from a 5/14/20 reopen at 2369.
It's a shame that such a great company with the best selection of clothing in the mid price range is going down the tubes. Many people I know shop JCP. Pennys will be missed.
Neiman Marcus also- great sales.
Own it for years and years in my Dividend reinvestment portfolio consisting of HD, IBM, GE, NEE. Okay 3 out of 4 ain't bad.
These are not for trading. I hold them in a completely different portfolio dating back to the 90's.
Not in my car you don't. Sorry Nick socially distancing... I'll swim laps with you in the same pool though. Since L.A. Fitness is closed here. Haven't been in a pool for months.
I can tell you SF that I've been selling my winners and not cost averaging others. I've even sold some losers, which differs greatly from my over all trading philosophy. My stock exposure at this point is roughly half what it was in 2008. In '08- '09 I didn't sell into that rout. If anything, I bought for longer term. This is different for me. Like I said to you the need to be nimble has never been more evident.
I'm fairly confident Nick. I was going to eliminate my position this a.m. at 2373. But today is a lazy day so I'll let things alone till next week. No point in fighting momentum. It may come back... Famous last words. I'm more concerned about IBM, TQQQ, ABBV CSCO then AMZN
Nothing I can do about those either at this point...
I wasn't on my game yesterday and the day before. My own stated buy for IBM was 118, then 112. It hit both. CSCO was around 42 to add. I went in higher. ABBV continues to disappoint. If it wasn't for the dividend I would have sold at 92.11, my cost on it. TQQQ, I had the chance to get 74 from my cost of 72, but again, wasn't on it... so there's that.
Like I say, nothing I can do at this point. Time to enjoy the weather today.
I'm seeing not a whole lot of volume commitment to a higher market today. To me this foretells a further deterioration going forward. At least short term.
Ok SF, Let me know what you come up with. Thanks.
Did you look at IBM SF ? It hit 112 today.
Reopened AMZN at 2369
Added to CSCO at 43. A little too late to the party. But cost basis is lower now.
I think that internet security firms are also a good hedge for once this is passes. Hackers are out there right now doing their worst.
I figure this is a retest of many. Don't think for a second that we're not going to see many more downdrafts.
Stay nimble.
Anything online...
Gaming stocks such as DKNG
Health: PTON
Still right up there: GOOG
BYND for meat substitutes
AMZN, my absolute favorite ( in case ya didn't know )
Health care specifically Covid related:
NVAX
Speculation:
DDOG
TDOC and ZM for online video communications
CSCO only because of WEBX. If they don't disappoint today that might be good.
Over all a very dicey situation this market. I'd also look at IBM under 112.
BX under 49
APO under 39
Oh … and TSLA The wild swings in this stock offer some excellent opportunities to trade.
Yes Nick, I have the cave man approach to investing anyway. Not subtle. Lol.
Thanks Nick, Missed another entry point thereafter on AMZN at 2351. Not fast enough to know what hit me. Watching and waiting.... All other buys this a.m. disastrous. Take the good with the bad. That's why I'm nibbling now and cost averaging to GET OUT of some positions.
Welcome to the W. No U, No V, No L.
LOOK OUT BELOW !
Opened another bond... Below par at 4.68% yield to maturity. This would loosely correspond to the goal of 5% average return per year in the dividend portfolio which has been completely decimated.
GENERAL MTRS FINL CO INC
CUSIP:
37045XCP9
4.200% 11/06/2021
Non Callable, Make Whole Calls
Call Sched
Non Callable
Dated Date
11-06-2018
Tax Status
Taxable
Moody's Report Baa3/BBB/---
Maturity
11-06-2021
Coupon & Yield
Coupon
4.200
Pay Months
May, Nov
Current Yield
4.229
Frequency
Semi-Annually
First Coupon
05-06-2019
Pulling horns in. Had tentative buy order for COST at $300. Won't even entertain that prospect at this point. Will examine new entry point for COST.
Looks like I'll be coming up on another buying opportunity in 529 Plan, Annuity, and NYC Deferred Comp Plan. Stock markets still quite high by comparison to previous buys. Will be quite patient awaiting another big big drop.
Still quite flush with cash. Goal is still to reduce stock holdings and increase cash position.
Opportunity to sell TQQQ at profit from this mornings buy now on hold with loss of profit potential. Had the chance, didn't take it at 74. Oh well.
Jumped the gun on IBM. Had notes indicating buy at 118. Went in at 120. Oh no ! Bad move.
Added to MU at 44.50. Goal to cost out of this. No dividend and disappointing stock action.
I don't think it'll be good for the stock. I sold 1/2 my position at quite a profit as the market was crashing in march. Still have 1/2 left at a loss if sold. I'll take any dividend they give me and put it to cash. Not interested at all in cost averaging any reit or energy stock.
Closed AMZN on round trip at 2405. Opened this am at 2376.
WOO HOO !
Personally, SF, I really like shopping Walgreens over CVS any day.
Personally, SF, I really like shopping Walgreens over CVS any day.
Spruce goose.
Reopened TQQQ at 72.10. Will add more lower.
Added to MA at 272 will add lower
Reopened AMZN 2376 will add lower
Reopened IBM 120
Famous last words. Only nibbling this a.m.
I'll say !