SIGforum
Is it time yet to buy certain stocks?
March 12, 2020, 10:04 AM
WarhorseIs it time yet to buy certain stocks?
I am thinking that it may be time to buy some stock in the market while it is low.
Any recommendations?
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NRA Life Member, MGO Annual Member
March 12, 2020, 10:07 AM
Ken226quote:
Originally posted by Warhorse:
I am thinking that it may be time to buy some stock in the market while it is low.
Any recommendations?
Boeing is trading at less that 180$ now.
March 12, 2020, 10:08 AM
mcrimmI don't think we have found the bottom yet. Everything decent is trading at a bargain price. But - - it may go lower.
I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
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When you have no future, you live in the past. " Sycamore Row" by John Grisham March 12, 2020, 10:12 AM
Ken226quote:
Originally posted by mcrimm:
I don't think we have found the bottom yet. Everything decent is trading at a bargain price. But - - it may go lower.
Yea, I'm patiently waiting and watching. The volatility is just a symptom. I'm keeping an eye on the cause and plan to start buying when I see the media hysteria die out.
March 12, 2020, 10:15 AM
WoodmanFord ... but maybe not yet
March 12, 2020, 10:24 AM
mcrimmMy concern with Ford is the effect of potentially needing to cut their dividend. At $5.33 a share, they are paying a $0.60 dividend. This is over 10.17%. It is Crazy and can't continue. Plus, their earnings per share has been $0.0314. The math doesn't work. F is at a 52 week low and less than half of its 52 week high.
I dumped mine 2 weeks ago.
Mike
I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
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When you have no future, you live in the past. " Sycamore Row" by John Grisham March 12, 2020, 10:25 AM
BBMWBoeing has issues that go well beyond Covid-19. That being said, if you're willing to wait a few years for a profit, it's probably worthwhile.
quote:
Originally posted by Ken226:
quote:
Originally posted by Warhorse:
I am thinking that it may be time to buy some stock in the market while it is low.
Any recommendations?
Boeing is trading at less that 180$ now.
March 12, 2020, 10:31 AM
ChicagoSigManThere's already a thread discussing this:
https://sigforum.com/eve/forums...0601935/m/7030020764March 12, 2020, 10:56 AM
WarhorseSorry, I forgot about that longer running thread.
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NRA Life Member, MGO Annual Member
March 12, 2020, 11:42 AM
Sig209quote:
Originally posted by ChicagoSigMan:
There's already a thread discussing this:
https://sigforum.com/eve/forums...0601935/m/7030020764
that thread got pretty stupid
a new one is okay by me...
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Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
March 12, 2020, 12:07 PM
Jimbo JonesFriend of mine works at GenMark (NASDAQ GNMK), making COVID-19 diagnostic kits being distributed.
If they get FDA approval...some real fun will begin.
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It's like my brain's a tree and you're those little cookie elves.
March 12, 2020, 12:17 PM
LS1 GTOquote:
Originally posted by BBMW:
Boeing has issues that go well beyond Covid-19. That being said, if you're willing to wait a few years for a profit, it's probably worthwhile.
quote:
Originally posted by Ken226:
quote:
Originally posted by Warhorse:
I am thinking that it may be time to buy some stock in the market while it is low.
Any recommendations?
Boeing is trading at less that 180$ now.
My first thought too - Boeing - especially if you're in it for the long haul...
Apple my get a lot of advertisement for being the most expensive company but as I recall, Boeing was (a couple years ago, before the 737 fiasco) the biggest company with regards to $$ spent in the US and exported.
Life moves pretty fast. If you don't stop and look around once in a while, you could miss it.
"If dogs don't go to Heaven, I want to go where they go" Will Rogers
The definition of the words we used, carry a meaning of their own...
March 12, 2020, 12:19 PM
smlsigI’m not going to buy any Boeing as there are many more attractive opportunities.
My number one recommendation would be Apple followed by Microsoft.
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Eddie
Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina
March 12, 2020, 12:23 PM
280noslerSome industrials are looking good, but I am looking at dividend stocks (utilities in particular) as good investments.
March 12, 2020, 12:50 PM
joel9507My advice (worth every dollar you paid for it) is to keep your power dry.
Most investors are ill-advised to try single stock buys, even in charted waters. Now?
Well, I advise against going to Las Vegas with money one cannot afford to set a match to. Yet, casinos do land-office business, anyway. So, opinions differ.

I will give the same advice now, about trying to 'buy a dip'. Speculate away, if you have some risk capital and won't miss it, but going on a shopping spree now is not investing.
If I had a scheduled buy on a low-cost index fund to balance a portfolio, yeah, I would consider letting that go forward. But trying to call a bottom on a particular stock, in a market like this, and buying a bunch? Good luck to you.
March 12, 2020, 03:36 PM
Hay2baleI swore I wasn't going to buy any more stocks today. But then Marathon Petroleum MPC was down 25% today when I bought some more. MPC is down 62% so far this year. I like Valero VLO and Phillips 66 PSX, too.
The refiners have been thrown out with the oil producers, undeservedly I think.
MPC has a P/E under 7 and yields over 10%.
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Dances with Crabgrass
March 12, 2020, 04:23 PM
Sig209quote:
Originally posted by Warhorse:
I am thinking that it may be time to buy some stock in the market while it is low.
Any recommendations?
do you have a time horizon for this money of 5+ years?
do you have adequate cash to cover 6 months worth of living expenses (emergency fund)?
if yes - there are lots of things to take a look at long term.
if No. I would not recommend the stock market at this time. There will be a lot of volatility as the impact of this virus gets sorted out.
my answer is yes.
I have moved additional $$ into various index funds and ETFs. Primarily VTI and VEXAX
bought additional F, GE, JNJ, XOM, RDS-B. Looking hard at RCL.
I can't imagine in a couple years looking back and not being glad I did. (Even if Creepy Joe gets elected...)
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Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
March 12, 2020, 04:26 PM
ryan81986Is Boeing a good bet though? I know they hit almost 400 a few years ago but they've only been above 300 for a couple years.
March 12, 2020, 04:34 PM
Sig209quote:
Originally posted by ryan81986:
Is Boeing a good bet though? I know they hit almost 400 a few years ago but they've only been above 300 for a couple years.
good question. For them it's like a triple whammy.
1. Their resolution to the issues with the 737 Max is not clearly defined. Big impact on future and pending orders.
2. They have a new CEO and there are the usual question marks around leadership changes.
3. The impact of Corona virus.
what is your time horizon for that investment ?
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Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
March 12, 2020, 04:37 PM
oddball
"I’m not going to read Time Magazine, I’m not going to read Newsweek, I’m not going to read any of these magazines; I mean, because they have too much to lose by printing the truth"- Bob Dylan, 1965