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Posted

WMB

 

Great minds think alike.  I was just coming here to say I bought some WMB today.  If you had told me a few months ago that I'd soon be buying airlines and natgas pipelines I wouldn't have believed you.

 

Posted

I have been nibbling at oil trusts.

 

Not sure it's a good idea as some of them are pretty speculative, not just because of the likelihood of lower oil prices but because they are required to dissolve within the next few years, so they might lose the opportunity to profit from any rebound in oil pricing.

Guest eatliftinvestgolf
Posted

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

Posted

UDFI, WEIN.

I followed you into WEIN...thx for alert.

 

Could be missing something .. Have been trying to reach out to both parties but to no avail.

Posted

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.

Posted

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.

Guest eatliftinvestgolf
Posted

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

 

Added AXP and a small amount of OXY.

Posted

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.

Posted

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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