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GTC orders filled this morning before the sun rose so to speak.
Opened:
CSCO- $45
ABBV $92
MU $53.90
Still fishing.
The early worm catches the bird or is it the early worm avoids being caught by the bird. Hmmm.
Oh yes, the early bird avoids catching the worm and goes to Denny's. That's it!
I'm preparing to invest with Morgan Stanley, a closed fund Blackstone Real Estate Income Trust. Still have Florida land and 2 family house on Staten Island. Real estate development isn't my thing though. Not into being a primo landlord... Like stocks. Small investment with potentially large returns.
Just hedging my bets and continuing to raise cash.
SF, what is your take on:
ABBV SNE GLD SPCE DBX UBER MS GILD CRM AKAM MRNA ROKU ?
Readjusted buy order for IRM to $32.
Okay, so, opened IBM at $138.51 on 1 27 2020,
closed today for $149.65 on a stop.
8% return.
Thank you IBM
Hasn't settled yet, but sold IBM for a short term gain of about 8.5%.
Yes, you are correct, I missed disclosing my interest in ABBV
...and ET still continues to flounder....
It's public knowledge, Trump doesn't like Bezo's politics. Enough reason for him to hop over amzn for msft.
Looking to get in to IRM, but not so convinced to jump in just yet...
Too many words Elroy.
Well, Elroy, he can do anything he wants. After all he is president, and what's good for him, his fortunes and family IS after all good for the American people.
Good one.
Re-opened BP in Roth IRA account at $36.
7% dividend is okay with me !
Shopping list abounds with stocks: AKAM, NET for cyber security.
GLD for the obvious corona virus continuing scare
Along those lines- SNY and GILD to combat the virus.
Of all things SPCE because I would buy TESLA though I believe thoroughly in whats being done it's too expensive for my blood.
ROKU- down on its heels, it'll come back.
GARMIN- good earnings, even pays a piddling dividend.
NVIDIA- Because I like tech.
Anyone follow IBM ? Kindly share...
Some good names I've considered.
Funny, I worry about stocks like ET and HST, and don't worry about stocks I own like FB (opened at 40) MA (opened at 15) and NFBK ( opened at 1 ) that's because of splits and dividends and IPO's in the case of NFBK. In FB's case its just a straight run more or less.
I don't worry about those stocks at all. I didn't worry about core holdings like PFE and BP also, but got pushed out determining that a stop loss was better than a stock loss.
Now since they've both climbed since the sales I wonder when and if to reconsider and open them in a different portfolio. My reasons for initially owning them still exist. Though the conditions have changed a bit for both.
So are they worth the trouble now? That's the question.
eeeeesh ! Whoa.
Bought at $14, it's been a disappointment since. Cant rationalize cost averaging it, but dividend reinvesting until I can get out of it with a fair share to the upside.
I've owned it for a while and it's been disappointing. Trying to figure if there's another entry to cost average or close point for it and I just can't. If you like a high dividend with a dismal stock I'd say go for it.
Let me know what your take is Nick. I just don't like seeing red and as far as news, charting or analysts I'm having a hard time swallowing this in my portfolio.
Thank you Nick,
Flying by the seat of my pants was never so easy.
Yeah Nick, I just buy more stock. Helps me feel better. Kinda like going clothes shopping.
02/04/2020 15:43:04 Bought to Cover OXY @ 40.5.....7.4% return.
Oh wow, just looked at my sales to analyze the ibm sales and guess what ! I sold BP on a stop loss at 36 on 1/31/20 ! 18.39% return. Well what do you know.
Probably time for BP to go back up, it's remarkable how I call the bottom with a sale. LOL. !
You know Nick, I like Citigroup a lot. I like JPM also, but my buy order is considerably lower than its price. That said...C only pays a meager 2.74% dividend. Are you expecting good growth with this ? Do you think it might test $65 before going up ?
Added to the terrible NYCB. To cost average out of this terrible stock... Another dog in my account. Paying a 6.15% dividend. Feh !
Thank you Nick
Nick,
Are you saying to stick with my short in OXY ?
I have a buy position in OXY that is costing me big time from a buy at over $47. I have no intentions of selling, but rather beginning to add at $38.
That said my short contra- position in OXY was opened as shares continued their decline. Nothing new in my life. At least it's softening the blow to the other position.
What about WMT and T ? Any suggestions there ?
I've read positive and negative articles on WMT and as I see its advance softened considerably, I'm wondering if the momentum is waning. That and other issues with the company coming to fore. The old issues that brought the stock down to the high 50's and low 60's where I opened it have essentially changed. Now a new set of considerations comes to light.
T is T and I don't expect phenomenal returns, just a nice cost basis and dividends. But surely don't want to see the stock slide out from under me. I have no desire to add more. My plate is full.
Additional to my other question I'd like to pose another:
As many may well know, I have a significant position in T for quite a few years.
I have 5.99% profit in one and 21.61% profit in another portfolio. The latter portfolio has been held for quite a number of years, and dividend reinvesting sure has helped make that profit happen. Also gritting my teeth, following Nicks lead and adding to T at $29 sure didn't hurt.
My question is this-
Based upon the increasing weakness in T most recently, is it a decent idea to trim, or just let it ride as I have for many years. I don't really wish to add anymore to my position and since T has reached my dividend reinvesting threshold, I've stopped all dividend reinvesting in T. Comparable to other holdings it's significant but not an overly large percentage of holdings.
In the one IRA portfolio, though this holding is much newer than the far more aggressive and much older unqualified portfolio, T has added to the yearly goal of maintaining a minimum 5%+ income return as of last year.
Also this question is for Nick- You know that I have WMT. Most recently it has been acting unfavorably. Should I trim. I have a 75% profit in it.
Good morning stock folks !
Re-opened EPD @ $25.55. Will add more at $24 if it goes that way.
Considering closing my short position in OXY for a short term 7.62% profit.
So I'm going to open this up for discussion if anyone is interested. Is it a good idea to close the short position in OXY at this time ?
I'd also like to add to that question... After recently closing my position in IBM for a 4% profit, at $148.30, I reopened the position at $138.51.
Question is: IBM's at $146.20. Should I sell and take a short term 5.5% profit ? Or hold for next quarters earnings and add along the way if IBM recedes in value ?
A rather sizable outlay to add. Still not a whole lotta $$$ affecting reserve cash, but could be sizable... I held IBM for quite some time previously, anticipating better from the company stock and the company.
Thanks in advance.
Nick,
Good article about JNJ, so why your continued interest in the stock? Me, I'm not ready to short it just yet.
Yes, but it is funny Nick.
Utilities all going up except my dear old AT&T.
… And JNJ dividend king? 2.54%. They may increase their dividend, but this looks more like a growth stock to me. A darn good one.
Do you mean (M) Mitch McConnell ? Friend to all in the Eurasian realm ?
Very nice one Nick.
I don't agree that a Sanders or anyone else other than (the t word ) will be detrimental to the markets. Some way or another various sectors or financial instruments always do well or do poorly. One thing for certain the amount of turmoil (the t word) has provided to these markets has been remarkable. Think about all of the uncertainty this ( " president " ) has thrown into the financial sector the economy, the debt, the deficit and in general. There you'll find your answer. In a nut shell we're always going to second guess many ways that things get done.
No one knows what the "correct" or "right" way forward will be, has been or is, but one thing is for certain, we're still going there. Wherever there is.
So, since closing IBM at $146.30 on 1 21 20, I opened IBM back up at $138.50.
I may add with another nibble if Big Blue decides to retreat some, but with the 4.61% dividend and higher earnings expectations I'm satisfied that my recent sale was the correct thing and since I am quite the glutton for punishment I'm content with the errant buy order I overlooked for this one. Famous last words perhaps...
Reviewing this week past I see that lost opportunity with NIO at $5.65 and a nice 8% return that once again eluded me. Oh well...
Just let us know Nick, when you think the smoke has cleared so we can "charge" in.
Nick,
I think it had hit a top. Now with another end of world scenario playing at your local China district, you'll be sure to find end of world sales on your favorite items.
This may be what I've been waiting for, especially if it doesn't turn out to be the end of the world.
Plenty of "end of world" cash on hand. My wife might call me minuteman, but my girlfriend calls me the Energizer Bunny. So I'll take the first moniker, add some dry black powder and "hop" into the fray when Gridley sees the whites of their eyes.
I'm overweight on T and have been for a long time. Average cost in one portfolio is $30.32, the other $34.80. I love T, even have AT&T mobile phone service. That's how much I love T.
Guess I must be one of those seniors... or maybe a widow or orphan. But going back to work is definitely out of the question. Been there, done that.
This has been on the back burner for a long time. I wonder if baby boomers aka "seniors" will finally realize these people are not their friends. They will not look out for them or anyone else for that matter, except. well you know...
Now, if only those old fogeys would wake up to reality. Quite a task I'd imagine.
Though, don't get me started Elroy, I don't want to get into trouble...
Now about stocks, bonds, the economy, finances in general... and anything else other than the "T" word.
Hi SF,
Good hearing from you too ! You can bet your bottom dollar.
Ron
Say what Elroy ?
"The government is projected to spend $950 billion on Social Security benefits for older Americans and another $850 billion on the Medicare program. Many older Americans have been collecting welfare from these programs for more than ten years, making it clear they have no intention of ever becoming self-supporting."
Hey, wait just a minute...
I don't know about that with Ameritrade. I'm seriously to the point of moving a large part of my NYC 457/IRA/ROTH IRA and Rollover IRA account to Morgan Stanley. Because the City changed from FASCORP as administrators to Voya Financial. 1 hour and 21 minutes waiting to speak to a rep today at Voya regarding my account. Personally, I'd like to enjoy my money and not wind up dying on a phone call to Voya.
I do have an account or three if you count mine my wife's and sons which I manage, at Fidelity.
I see no difference between the two, other than Fidelity has a no load money market that pays 1.33% and I'd be hard pressed to find somewhere in Ameritrade to park $$. That lights a fire under my butt so I keep hopping on keeping money invested in stocks, mostly dividend payers and bonds at Ameritrade.
I think I've mentioned my no fee credit cards before, Chase Freedom and Discover cards 5% cash back bonus programs, right now gas and groceries primarily for me till April 2020.Chase Freedom is also providing 5% cash back on telephone and streaming services, so I'm getting back 5% in cash on my Verizon landline/internet/fios TV, cell phone and my Netflix steaming as well.
My AMEX card gives me a years worth of 0% financing on purchases. My Citibank Simplicity and Preferred Master cards both give me that, only for 18 months at 0% on purchases, plus 2% cash back on restaurants and entertainment.
My BJ's perks Commenity bank MasterCard has given me over the last 36 months 0% balance transfers with no fees whatever. Since I like borrowing money with no interest charges I've been floating around $30,000. And the BJ's perks Commenity bank card pays 2% cash back on dining and gasoline and 3% on BJ's purchases also.
My TD bank card gives me back 3% on groceries and restaurants.
My Chase AARP card gives me 3% back on tolls and Uber. Now I don't use Uber, but my easy pass account is giving me back 3% a month. And if all else fails and I have to purchase something outside that realm, I use either my 0 % cards or my Wells Fargo card paying me back 1.5%, or my varied Capital one cards doing the same.
At the end of the day all this adds up and if I don't use the cards for extended periods they don't arbitrarily close the account because they would then have to pay me the bonus I've left on the account. I think of that money as extreme emergency money available to use at the drop of a hat.
...And I don't pay 1 dime towards any annual fee on any cards. The only card I have that requires an affiliation is BJ's MasterCard and that requirement is a cost saving basic membership with BJ's wholesale club.
Thankfully my girlfriend has a Costco membership so even when BJ's is a bit more expensive per item, I can always get it for less at Costco and vice versa.
Yes I do have and wife and a girlfriend and they do know about each other.