Anybody Buying Yet? Where’s the Bottom?

[jryoung]

So much pegging going on.

Added a bit of GOOG and DVY today to my existing positions.

 

[longbow51]

For the first time in a while, as interest rates fall, I'm back in (dividend producing stocks), so beware, a recession is likely eminent

 

[Treeshark]

I’m just glad the market tumult is finally behind us for good. That was getting a little crazy.

 

[Straight Arrow]

market tumult is finally behind us for good.

 

[Straight Arrow]

GOOG and DVY today to my existing positions.

Good for you???? Whatever you're talkin' about! ?????

 

[BigHornRam]

Oil fever is breaking.

Exxon Mobil and Chevron Fall 5%: What Iran’s President Just Did to U.S. Oil Stocks https://share.google/Uit33fpDVAagb1Dob

Prices Sag as US Oil Inventories Climb | OilPrice.com https://oilprice.com/Energy/Crude-Oil/Prices-Sag-as-US-Oil-Inventories-Climb.html

 

[npaden]

Guess I should have sold my DINO.

 

[406dn]

You can find news to fit nearly every scenario. Today's oil move is clearly a response to hope that the Iran war ends soon.

Here is a story that whether or not the Strait of Hormuz opens or remains closed is as important as the war ending or continuing.

How high could oil and gas prices go if the Strait of Hormuz remains closed?

"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.

www.cbsnews.com

Anytime a stock moves that much in one day, it is not an entirely rational response. You could argue the run up in oil company stocks was not entirely rational either.

I've had some amount of XOM stock for over 40 years. It has been pretty kind to me, over the years.

 

[BigHornRam]

Good for you???? Whatever you're talkin' about! ?????

Pretty good investment in the past year. Surprised they have a small dividend to boot.

 

[BigHornRam]

You can find news to fit nearly every scenario. Today's oil move is clearly a response to hope that the Iran war ends soon.

Here is a story that whether or not the Strait of Hormuz opens or remains closed is as important as the war ending or continuing.

How high could oil and gas prices go if the Strait of Hormuz remains closed?

"The scary scenarios are, unfortunately, extremely plausible" if the critical Persian Gulf waterway stays effectively sealed, economist Paul Krugman said.

www.cbsnews.com

Anytime a stock moves that much in one day, it is not an entirely rational response. You could argue the run up in oil company stocks was not entirely rational either.

I've had some amount of XOM stock for over 40 years. It has been pretty kind to me, over the years.

Shorts aren't buying what Paul Krugman is selling.

Traders Ramp Up Bearish Oil Bets To Nearly $1 Billion | OilPrice.com https://oilprice.com/Latest-Energy-...-Up-Bearish-Oil-Bets-To-Nearly-1-Billion.html

 

[406dn]

Pretty good investment in the past year. Surprised they have a small dividend to boot.

View attachment 405155

That's another stock that has been good to me. I bought a decent amount 12 years ago.

 

[SAJ-99]

I’m just glad the market tumult is finally behind us for good. That was getting a little crazy.

I'm fully positioning for regret minimization. I can't begin to guess what this speech tonight will be like or contain or how the market will react. I just have to figure out my various levels of disappointment on a sharp market reaction up versus down and position accordingly, then figure out whether to do it in oil versus equity versus bonds regarding bang for the buck. The whole thing remains a shitshow.

 

[Treeshark]

I can't begin to guess what this speech tonight will be like or contain or how the market will react.

My prediction: boots on the ground announcement, to which the market will respond very poorly.

 

[jryoung]

If Toast could figure out how to leverage their data and fix the bottom line this feels like another good entry point. Bought them in 2024 for a similar price and sold last summer at $45. The number of "TST" codes is my card statements might be clouding my judgement though.