Mdawgs Investments

Last trade of day AMZN in 1830 out 1833.5

Of course it's much higher now (whether it will hold, who knows), left a lot on the table, but that's my usual strategy just a point, two or three and out. It's safer to do it this way to protect against the times that it pops up a tad and then drops, which is...lately...a lot of the time!

I don't actually normally trade this close to the bell, but that last AMZN sudden drop to -52 or so was too tempting.

Quote: Suited89

I went long-term (1-2 year horizon) on these WY, INN, DRH.

Entries?

We still have volatility ahead. Futures tapped out at the bottom, but are slightly better now. When one may express relief at futures being red less than the maxed out minus K, that's a problem!

Market doing better today than would have been expected, but not as well as the FED had hoped post its announcements.

NFLX is definitely outperforming the market. People must think that stay at home related companies will flourish. Makes sense.

Been holding this one since about 2010. It actually went down almost 50% within the first year I bought it, but held on and the rest is history, stock splits and all! NFLX was actually down trodden for parts of last year, but is flying high again now. Might not be a bad time to pick up some more.

Yes, entries.

My old friend AT&T has worn out its welcome. That 3600 is going all-out. About 10 years of divis, but wire-line telco is about done... someone get a fork. Probably will keep proceeds as dry powder for a while.

Recents buys nearly flat... losing on WY, gains on INN and DRH, RLJ flatish/negative.

Suited89

Quote: Suited89

Yes, entries.

My old friend AT&T has worn out its welcome. That 3600 is going all-out. About 10 years of divis, but wire-line telco is about done... someone get a fork. Probably will keep proceeds as dry powder for a while.

Recents buys nearly flat... losing on WY, gains on INN and DRH, RLJ flatish/negative.

Suited89

What percent of ATTs revenue comes from wire-line? I'm a long time owner and it seems they have done an incredible job of diversification.

Quote: Suited89

Yes, entries.

What I meant by entries, was, what were your entry points? Purchase prices. WY, INN, DRH

Quote: Suited89

My old friend AT&T has worn out its welcome. That 3600 is going all-out. About 10 years of divis, but wire-line telco is about done... someone get a fork. Probably will keep proceeds as dry powder for a while.

I bought T in the low 30s forever ago, and yes, I commiserate. Other than dividends and a period of time it popped its head above my entry point, it hasn't gone anywhere. And of course it is down now, but then so is most everything else.


WMT hit a 52 week high last week though, and NFLX as mentioned is doing very well lately especially considering the market rout.


I haven't traded anything today. I wanted to do an AAPL trade around 218 and it would have been fine, but I have been on phone holds on and off all morning dealing with travel plan cancellations (non-casino related) for April, and I haven't been following the market minutely. In general as the day winds on and what I call the elasticity of the stock diminishes (doesn't pop up as quickly at the dips) the trades become lower probability. This is why AAPL at 218 on its first drop might've been great while if it drops to 211 later this might not be a good buy at all. This is also why arbitrary price points for future purchases ("I'll buy AMZN if it hits 1600") are unwise. The time to buy is when the price is right not at arbitrary prices you think or hope the stock will fall to.

It's a little hard to explain, but in general, those few points or decimal points you try to scrape might come at a time when the bottom is falling out, versus paying a higher price when the stock still has a lot of buyers.


The behavior of the market at this moment is FOMO related - buyers are not letting it drop sooo very much, for fear of missing the real POP if some SOLID lasting good news comes in.


And AMZN is doing great at the moment, up seventy, and TSLA is somewhat green, these are helping move my over all portfolio into the greenest of greens for the day.

I can't believe BAC is now below 19. I have held THOUSANDS of shares of that for, going on ten years or so now. Below 19 - that seems oversold to me.