Wild-Assed 2

[billyjoe]

Louetta, MA is a great buy at this point. Too bad I don't have any $$$.

------------------billy

[Louetta]

Another stock I used to flog regularly in my old thread was STOR. This is a Buffett stock (or his lieutenants Todd and Ted). It's a REIT which specializes in strip mall type businesses which are by their nature immune to being internet-ized. Schwab lists restaurants, early childhood education centers, movie theaters, health clubs and I envision barber shops, pool halls, etc. Pays about 3.5% before the Section 199 tax break (thanks to Donald) which is less a payout than it was, as the stock has been rising. Hard to recommend it strongly at this level but it's worth a look.

Got back into STOR. Down 15% in two weeks, pays 4%+ at this level. Nice looking ascending chart except for the past few weeks.

[Louetta]

Thought I might take a crack at IEO in the morning, the iShares US oil and gas exploration and production ETF. Assuming it goes down somewhere near the 20% oil is down right now. Of course by morning everything may be back to normal in which case I will forget about oil for another 5 years or so. IEO is down 37% so far this year, distribution is about 3% depending on what price you use and said price changes almost daily. Trust Blackrock stuff.

[mimo_100]

Thought I might take a crack at IEO in the morning, the iShares US oil and gas exploration and production ETF. Assuming it goes down somewhere near the 20% oil is down right now. Of course by morning everything may be back to normal in which case I will forget about oil for another 5 years or so. IEO is down 37% so far this year, distribution is about 3% depending on what price you use and said price changes almost daily. Trust Blackrock stuff.

Some recent headlines:

Published: March 7, 2020 at 11:18 a.m. ET By Michael Brush
Companies such as Twilio, Chegg and Enphase Energy are the FAANGs of the future, says Kevin Landis of the Firsthand Technology Opportunities Fund

Putin Dumps MBS to Start a War on America’s Shale Oil Industry Bloomberg March 7, 2020

U.S Mortgage Rates Fall to Record Lows. The Year of Record Breaking May Well Continue March 7, 2020

MARKETS
Stock Futures Were Halted Sunday Night. Here’s When S&P 500 Circuit Breakers Kick In on Monday.
By Lisa Beilfuss Updated March 8, 2020 10:30 pm ET / Original March 8, 2020 9:35 pm ET

Futures on the S&P 500 were halted Sunday night after they declined 5%.

As the wild swings on Wall Street continue, here are the levels to watch for further trading curbs when U.S. markets open Monday. [3/9/2020]

Stock Market Panics as Oil Prices Tumble - Asian stock markets plunged Monday [3/9/2020] after oil prices nosedived on worries a global economy weakened by the coronavirus outbreak might be awash in too much crude. Wall Street futures prices were following suit.

Coronavirus Update: 3,600 New Cases Outside China Reported Sunday

Northern Italy Locked Down

Level One Breach

[Louetta]

Thought I might take a crack at IEO in the morning, the iShares US oil and gas exploration and production ETF. Assuming it goes down somewhere near the 20% oil is down right now. Of course by morning everything may be back to normal in which case I will forget about oil for another 5 years or so. IEO is down 37% so far this year, distribution is about 3% depending on what price you use and said price changes almost daily. Trust Blackrock stuff.

People are saying oil in the low 30s is a "bull trap" which certainly sounds odd. Figure to hold off on IEO till oil gets into the mid 20s. If it does.

[enhancebeginner]

Some recent headlines:

Published: March 7, 2020 at 11:18 a.m. ET By Michael Brush
Companies such as Twilio, Chegg and Enphase Energy are the FAANGs of the future, says Kevin Landis of the Firsthand Technology Opportunities Fund

Putin Dumps MBS to Start a War on America’s Shale Oil Industry Bloomberg March 7, 2020

U.S Mortgage Rates Fall to Record Lows. The Year of Record Breaking May Well Continue March 7, 2020

MARKETS
Stock Futures Were Halted Sunday Night. Here’s When S&P 500 Circuit Breakers Kick In on Monday.
By Lisa Beilfuss Updated March 8, 2020 10:30 pm ET / Original March 8, 2020 9:35 pm ET

Futures on the S&P 500 were halted Sunday night after they declined 5%.

As the wild swings on Wall Street continue, here are the levels to watch for further trading curbs when U.S. markets open Monday. [3/9/2020]

Stock Market Panics as Oil Prices Tumble - Asian stock markets plunged Monday [3/9/2020] after oil prices nosedived on worries a global economy weakened by the coronavirus outbreak might be awash in too much crude. Wall Street futures prices were following suit.

Coronavirus Update: 3,600 New Cases Outside China Reported Sunday

Northern Italy Locked Down

Level One Breach

I am really worried about what's happening now with the breakthrough of this Covid-19 virus. After all, countries involved with Covid-19 (well, including US) already turning a breaking point in the market.

[Louetta]

Have seven closed end funds, either equity or debt concentrations, which fit a pattern of 8-12% annual distribution, price down 26-33% since 2/19 or 2/20/20 and violent decreases in share value when things get tough (e.g. 4th quarter 201 followed by substantial increases when the problem clears. CSQ GDV DNI CHY CII HYT GCV.

I've put equal amounts into each, will add more if we have more big down days. If I had to pick one it would be CII. Top Morningstar ratings, 8.3% distribution at current price level.

[Louetta]

SLV looks interesting. Set to open around $11.50. Hasn't been that low since 2008.

[Louetta]

This is kind of an interesting read and produces a list of 15 stocks they recommend and discuss them with comments from others and you don't have to buy anything or even give them an email. Not recommending necessarily what they come up with but interesting analysis.

https://seekingalpha.com/article/4332110-15-safe-blue-chips-to-buy-during-this-bear-market?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-15-very-safe-blue-chips-to-buy-during-this-bear-market&utm_campaign=nl-must-read&utm_content=link-0

[Louetta]

SLV looks interesting. Set to open around $11.50. Hasn't been that low since 2008.

The above from 3-16-20. Sold this today at about 14.75 so it worked out well and is up most of this month but I have no idea why.

[Louetta]

I don't like the continuing weakness in the S&P 500 advance decline line

https://stockcharts.com/h-sc/ui?s=!ADLINESPX&p=W&yr=1&mn=0&dy=0&id=p73367671490

[Louetta]

Each night I list the funds in which we have positions by %gain on the day (which could be negative). Now the order of the list is reversed from what it has been since the end of March. Tempting to conclude it's a change from the stay-at-home stocks to the recovering economy stocks, which is what the pundits say, but I have done no analysis. I did add ADNPX, MACGX and MSEGX which have performed well under what may now be the old regime.

The S&P advance decline line has only now begun to show signs of life despite the markets coming roaring back. The weakness troubleth me.

https://stockcharts.com/h-sc/ui?s=!ADLINESPX&p=W&yr=1&mn=0&dy=0&id=p73367671490

[Louetta]

Nah.......

[Louetta]

...........

[Louetta]

..........


Still hoping the gym will re-open next Monday, 7/6.