I've been happily buying very boring dividend stocks; stagnant market A-ok with me.
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I've been happily buying very boring dividend stocks; stagnant market A-ok with me.
If the Fed continues to raise the curve inversion will just continue to grow. The answer is bothQuote:
Originally Posted by dschane
25bps more for the fed then pause. I think a larger than expected recession and ~2-2.5 inflation print 4q pushes the inversion over 100bps.Quote:
Originally Posted by 4matic
The larger point, to me, is that we haven’t seen inflation like that over the last 40 years. That’s why we haven’t seen hikes like that. Get inflation prints near 10% yoy….get rate hikes like that. Those are the tools they have to fight their mandate. Just so happens a solid (to say the least) jobs market (at the time) allows them to fight inflation with missles instead of bullets.Quote:
Originally Posted by JaytaeMoney
When unemployment becomes a problem…they can put that fire out then.
Bought back my XOM and MRO calls today, made about $28 on the two of them. Not quite what I wanted, but I took the cash. I’ve made 1k/year trading options the last few years. I’ve only lost money on an options trade twice, both times when I had the contract set wrong. (Buy instead of sell.)
I’m thinking of writing a bit more this year. I miss Lee and Covert being here to give us all some advice. I’m just a moron and don’t take any advice from me.
Pogs, what dividend stocks have you been buying? Midstream’s, materials, reits, blue chips?
i’m happy with the dividends on IRM and MDLZ.
Bob, Abbvie has been a nice dividend stock for me- only non energy one I still own. Tyson I’ve dabbled in as well since it tumbled in 2020.
I have just been DCA every pay check, really boring companies that I just buy dips;
Loaded: XOM, T, DUK which have been good to me in.
Flat but still ok for me have been IDA, SMG, NYCB
Im eyeing INTC for 2023 (Im guessing they arent quite at their bottom yet but probably close, low-key i think the semiconductor industry is going to be wild this year),
While that has been nice to see slow accumulations; all offset by my more perilous choices RIVN, EVGO, and MU.
That ABV looks pretty interesting; gonna keep an eye on it.
Brock, still holding CLB? I thought about going back in when it went under $15 in October, kicking myself for not picking up 100 shares. They announced redomestication today, moving to Delaware from the Netherlands. Makes it a bit more interesting not having to pay %25 tax on dividends and profits. (Granted that dividend will now be worth $.01/quarter instead of .0075/quarter.)
That’s the way to do it in my mind, put all the cash in you can and be ok with losing some of it from time to time.Quote:
Originally Posted by pogs4ever
I bought another I bond... 6.89%...
Tesla!
Thank you whoever drove that down for me. I owe you.
Transitory: The producer price index declined 0.5% for the month, compared to the Dow Jones estimate for a 0.1% decrease.
You can thank Elon.Quote:
Originally Posted by Cono Este
Nah, pushed it all into oxy eog and dvn. Been riding those.Quote:
Originally Posted by BobMc
May trim half of each and slide it into more long dated TSY, HY, and prob end of Feb short dated TSY.
Retail sales number was shittier than expected…I think this is the start of it.
18 mo low nat gas
If T fills the island gap above at the very least the bottom is in. Could run too. That “bogus” trading was right at the bottom of that important gap. Good luck busting all that liquidity.
I sold a call on XOM the other day for $1.80. At opener today it showed XOM down $8.00 and my call priced at $5.00. There was a little bit of goofiness in the market this morning.
Was trading halted yesterday? I read a small article that mentioned a stop in trading of certain stocks, but it was vague. Has anyone seen a better explanation?
Some major stocks glitched lower by 15% briefly at the open but recovered quickly. Speculation is it was due to a software glitch. I’d hate to be the guy who had a market sell order sitting waiting for the open.
Thanks. Interesting stuff.Quote:
Originally Posted by Hott Butt Mud
Adani Group getting Hindenburged
https://hindenburgresearch.com/adani/
Which is fascinating because:
https://www.yahoo.com/now/india-adan...072700680.html
I managed to buy my call back for $136.66 after the silliness subsided, made $42.68 in two days for risking basically nothing. Selling covered calls on tickers you are already up on is a no brainer. I set the orders for a bit higher than I think they will sell at and hope for the best. Grab the cash when I can.
So far this month I’m up $130.08 selling calls and puts, have an F put expiring Friday, which will put me at $143.42. (I’d be really surprised if it doesn’t expire worthless.)
Last year I made about $100/month writing contracts, this year I hope to beat that by a bit. Add that with $411 in dividends each month and my cash contribution of $200/month and I’m starting to feel a bit better about retirement.
As I like to keep saying in this thread, start your retirement plans early, the earlier the better. Don’t be scrambling looking for a way out. Compounding and diligence will allow you to get the hell out of the rat race before you feel scared about it.
I’m still scared but can now sleep at night.
T up 6% this morning
Speaking of T, what happened at the opening yesterday AM? Fat fingers? Someone got fired? :DQuote:
Originally Posted by 4matic
MSFT freaks out about clouds and this freaks everyone about everything tech. Shrug.
I don't get why GD dipped after beating expectations, but I bought back in on the dip.
I don't get why BA is doing so well after fucking over expectations... not getting back in.
RIO is doing so well
I'm loving my FLNG and bought more on the dip. I feel good about that for a bit but I guess I'm not sure what I'm looking for longterm on staying in/out.
You are not alone.Quote:
I'm not sure what I'm looking for longterm on staying in/out.
Everyday 1/2 the market guru's say the end is near and head for safe ground while the other 1/2 say the signs all indicate a bull market right around the corner.
Nothing is fixed. NYSE still vulnerable to opening manipulation. BOND for example. Shows opening price .5% higher than regular trade which is a large difference in that ETF.
I suspect someone or some machine has found a vulnerability in opening price mechanism for NYSE. Could be anywhere. NYSE runs lean, I can assure you of that.
AFAIK yesterdays outlier trades have not been cancelled yet.
Tesla! So glad I dumped my kraft for that one.
Thank you mainstream media!
Who else bought Tesla?
Trade of the yr.
Around the 120s then gritted my teeth as it looked sub 100s. It's a bit of a blowoff top right now. Am debating selling some or adding if it dips back to 140s. Not sure what to do tbh as I'm always concerned about Elon's fat mouthQuote:
Originally Posted by Cono Este
Still playing dividend covered call adds as the core portfolio for the most part
- T is back at my buy point
- Added MSFT
- Added AMZN
- Added IRM
- Added TTD in hope it can be a core long
- Added SNAP short
Started small short position on BZFD via call straddles
Failed to repurchase XOM much to chagrin
Failed to short BBBY
Sidenote - RSX the Russian ETF I shorted has been marked to sub $ 1 on the portfolio. A paper win but a win nonetheless
Ate shit on bbby puts- was about a week earlyQuote:
Originally Posted by LeeLau
Loaded up on AMZN in the mid80s a few weeks back, as well as MSFT and META. You think these have legs or is this a fake run up?
I’m holding Tesla until 1000. I may be dead by then, or we may be living underground, probably both.
doing the same with pltr
I believe MSFT and AMZN have legs beyond a "tech-bump" as I feel those two have unfair competitive quasi-oligopoly characteristics and large defensive cash hoards.Quote:
Originally Posted by JimmyCarter
No feel for META as Im so pre disposed to disliking it that Im self disqualified from assessing it as a long. Sold covered calls against TSLA today at 170. Probably too early
Today looked like a good spot to unload some. 180ish. Mine went into my sep ira so I’m leaving it alone. Will by more at 130.Quote:
Originally Posted by LeeLau
I need to understand something. Why does the Fed want to cool the job market and see unemployment go higher when people are hurting from inflation? It seems to me that more jobs, higher wages and companies in a stronger position to add hours rather than cutting hours to reduce payroll would help people. If it's about giving the stock market a boost, fuck that.
They have 2 mandates. Inflation and unemployment. Inflation is still much much higher than where they want it. It’s coming down but they want it down yesterday and don’t want any recurrence. The way to cooling inflation is through cooling the job market.Quote:
Originally Posted by gravitylover
Many of them believe fed funds with a 5 handle are the way to do this. I agree, a 5 handle will do it but I also think sitting at 4.5 and letting it play out would do the job. But they’re economists, I’m on an internet chat.
So the other half of the coin (and mandate) is employment. It’s been very strong in the US. Claims are low. Openings are available. This is the ammo that allows the Fed to fight inflation so strongly. Unemployment goes to 4.5%, that’s still pretty low. And that may be the price we pay for getting inflation lower (since yes, people are hurting from that).
Of course it could be higher than 4.5% but in their minds, they can fight that battle if/when it comes up. And that’ll mean inflation is likely way down
But how does reducing wages, available jobs and putting people out of work help? FWIW a lot of those advertised jobs don't really exist. So many times it's companies wanting to look strong, "hey things are so good we need people!" but they're not actually hiring.