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What are you buying today?


LowIQinvestor

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I nibbled at a little more of Altius, Eurobank, Annaly, and Sberbank. Have limit orders out on a few more names, but probably won't be hit today now that the initial panic is over.

 

These were all very small incremental purchases. Not convinced the worst is over yet, but am beginning to let the greed take over the fear mechanism - at least with foreign stocks that were dirt cheap to begin with.

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Selling some calls on Vol, and buying more medium to long term puts on banks, health insurers, hotel operators, restaurants, airlines, junk bonds, market indexes.

 

Market still doesn't understand the risk of a pandemic.  Surprised the market isn't down more as this becomes more of a sure thing.

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Guest eatliftinvestgolf

I bought BAC, JPM, WFC, CHTR, SCHW, and FRC.

 

Added AXP and a small amount of OXY.

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Selling some calls on Vol, and buying more medium to long term puts on banks, health insurers, hotel operators, restaurants, airlines, junk bonds, market indexes.

 

Market still doesn't understand the risk of a pandemic.  Surprised the market isn't down more as this becomes more of a sure thing.

 

Adding more puts.  Wild that the options market is not reacting more.

 

It's not quite as good as reading tomorrow's newspaper today, but I can't believe people are writing options here.

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BRK, BCE.TO, FTS.TO, TRP.TO, ENB, WMB, RSI.TO, WFT.TO

 

Still 90% cash. Today was an oil shock. Expect Coronavirus news to get much worse in the US. Expect more downside. Wild cards are what government/fed does. If they announce they will buy corporates and stocks in volume the markets will pop. Trump is very aligned with this solution :-)

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Today was a tremendous buying opportunity.  This thing is worse than flu, but not by all that much.  In many ways it's not as scary as flu because children are not dying.

 

I thought today of searching for a largish population where everyone was tested for the virus and where healthcare access was poor.  Here it is:

 

 

"Of the 705 passengers who tested positive for the virus on the Diamond Princess, six died -- which is a death rate of less than 1%. All of the patients who died onboard were more than 70 years old."

 

https://abcnews.go.com/Health/early-mortality-rates-covid-19-misleading-experts/story?id=69477312

 

 

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