I am sorry to hear that you are bailing on this thread, i have very much enjoyed seeing your trades. I appreciate how you post winning and losing trades, i hope you take a break for a bit and then get back in here to talk about the markets.

They won't be cutting. Judging by their history they'll raise next quarter. Just keep collecting those 7-8% yearly checks, reinvest them if that's your thing, and you'll be happy years from now. As always, know your risk. They're about 1% of my portfolio and currently my only energy play. I do think Chevron has the better balance sheet though.

You’ll be missed. By someone I’m sure.

So of all the experts and doctors in the world...YOUR doctor is the ultimate source of truth? Get over yourself brother. And you might want to find a new doctor.

FYI I don't recommended anything, I comment on stocks I think are potentially undervalued. I'm an income investor. I mostly buy dividend aristocrats trading at discounts to their historical yield. If those purchases get to be too much of a premium to their historical yield I'll sell and purchase something that's undervalued. Sometimes I sell puts on things I wouldn't mind owning cheaper (ie I sold XOM puts at $57 and got assigned, today I sold more XOM puts at $41). I'll also sell covered calls to generate income on positions I wouldn't mind getting out of at slightly higher levels. I have zero interest in the flavor of the week stock (such as SPCE that you mentioned a couple weeks back).

If fracking stops maybe there’s a silver lining after all.

I'm sure the 1.7 million people who are employed due to fracking don't share your opinion.

In my opinion, if you have cash laying around, buy low now, sell high later. The corona virus has slowed tremendously in China. It will slow everywhere else too. The market will jump very quickly when there is a glimmer of hope. Which there will be. Eventually. People selling off everything is crazy to me. The flu is more prevalent and just as dangerous as the Coronavirus. Just look at the numbers. Media is blowing this up. Don’t get me wrong, I would’nt go visit Italy right now, but things will settle soon enough.

I agree, but what about the oil price crash? I don’t claim to understand how it impacts the market, but the market sure took notice yesterday.

The other 300M in the country seeing the destruction of natural resources and the environment don’t agree. I don’t think short term jobs outweigh the future of the land and people that want to live on it. There’s a lot of options in this world to make money. Figure it out.

Agree with the first sentence, disagree with the rest of the internet doctor guessing since it's already been covered repeatedly and you are rehashing the same uninformed statements as everyone else crying because the market is down. With it just now getting to the US, we don't know what we are in for yet.

The safest bet if you really want to buy on the down, is buy a little each day/week of what you are interested in and keep cash ready.

I don’t blame him. This was one of my favorite threads but it turned into another drama filled pinside thread because of a couple of folks. I hope it gets back to the normal stock chat

Yeah, just normal stock chat in a world that’s totally shutting down and where markets are cratering. So much DRAMA!

Deal with it.

Yep, the sky is falling better let everyone know on pinside.

As has been mentioned somewhere, with zero commissions, dollar cost averaging is a whole lot easier then it used to be. Hell, you could buy 1 share a day or 1 share in the morning and another in the afternoon.

The whole world is dealing with this. The sky is falling on countries. Pinside is my casual relief. Maybe you should start paying attention to the the real - non pinball - world.

I have just bought shares in a couple of ETF'S, Thinking market bottomed out or close to it.

Im no expert, just taking a speculative punt.

Hope all your transactions work out well fellow pinsiders.

Yikes, this is your casual relief?!?! The way you have commented on here I would hate to see how you act in the real - non pinball - world.

It's obvious from your posts you can't take it when someone has a different opinion than your own. "Figure it out", "start paying attention", "Deal with It!", and that's just on this page.

Relax dude. It's obvious this whole thing is bothering you, I get it. Hope you get it all under control.

This is very true, my point was simply rather than blow all your cash on one day, spread it out over the next month. I've been buying small increments of my holdings as the lows happen. I haven't talked myself into buying into anything new at this point.

Unless you are a pathologist, an immunologist, or a clinical researcher at the CDC, NIH, or similar organization, please take your opinions of COVID 19 out of this thread. Such a good thread is being ruined by a bunch of know-nothings. There are plenty of dumpster fire threads on Pinside where you can argue that this is the greatest existential threat to humanity or the the greatest media con job. The only dead that I care to discuss here are dead presidents and how high I can stack them.

I agree with you. However, the Coronavirus is a big part of why the stock market has plummeted, which directly effects market traders, which is the title of this thread.

Oh, I get that fully. It is driving a lot of the market now with a few other factors. With that being said, I don’t think we need people’s uninformed opinions about the virus here. If you look back at the several pages there has been squabbling and the like that is not related to the stock market. That can just exit stage left.

OXY PET has cut its dividend 86%. Will be cutting capital expenditures,as well.

https://www.thestreet.com/investing/occidental-slashes-dividend-cuts-capex-amid-falling-oil-prices?puc=_htmlmdb_pla&cm_ven=EMAIL_htmlmdb&tstmem=28910592&utm_source=newsletter&utm_medium=email&utm_campaign=MDB&utm_term=Occidental+Petroleum+Slashes+Dividend+86%25+and+Will+Cut+Capex+After+Oil-Price+Decline

" Due to the sharp decline in global commodity prices, we are taking actions that will strengthen our balance sheet and continue to reduce debt," Chief Executive Vicki Hollub said in a statement. "
===================================

I don't follow either OXY or XOM. But I don't think I will consider XOM for the dividend. I have too many memories of companies, right and left, cutting their dividends in the 2008 Great Recession.

I feel for the folks that were looking to retire right now and their 401k’s have been hammered. Hopefully they can hang in there until this market bounces back. We all know it will. The question is when.

If they were close to retirement, hopefully their portfolio was balanced correctly.

Likely (should have) been balanced into bonds and the thinking is to be able live off bonds while stocks are down.

If people were to live off of their retirement savings they’d likely have 10+ years living expenses in bonds.

If they’re 100% stocks that’s a different and risky proposition.

Gave in and bought back some CM and ENB today. Wrote some calls on the CM. Got some VXX Mar 13 $40 calls about to expire. Got a ways to go to breakeven on these still.

Yes. I'm of the opinion that one needs to have three years worth of expenses in cash. If the market returns 4% or more, you pull that out. If not you use cash. For example, last year there was a period where the market was up 20%. If you live off of 4% in retirement, that's 5 years worth of income without touching principle.

But you are using your brain and thinking logically! I agree with you, but most people get greedy and let their emotions drive their investments. The plan is to hold enough in safe investments for three years to ride out the biggest storm.

Wow ! I have been out of town all day long.

It has been one hell of week. Yesterday, I thought Boeing might come down to $200.00. And it is now $190.00. Now, the question becomes, "Can it get back to $200.00. Maybe Boeing holds here, but I think it will see $120.00 but I'm not for sure how long it will take to get there.

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I'm in that boat. Literally ready to walk out the door in around a month. While the CFA rebalanced a good chunk not long ago, and I can ride this...no way I'm walking out door with this firestorm going on. Luckily, they prefer I stay on.

Yeesh, President just announced travel ban to/from Europe, excluding UK.

tomorrow gonna be brutal i would wager. got some cash on sideline may be some bargains.

have some RSUs vested today that have to sell by Friday or enter blackout window till next quarter.. suck timing.. prob gonna hold on to them now i would guess.

So... 3/12 will be worst dow day of year...

We need another Black Swan, 2000 point drop and then it’s buying time.

Premarket is down about 2.15% already.

I like quality companies with sound management who have consistently increased dividends year over year. If they can do that then you know they are doing something right. Buy on dips and don’t try to time the market but when returns are good it might be time to take some off the table and protect profit. KISS principals

Australia getting hammered again today. I bought gold and silver a few years ago should i hold guys as its $2500 an Ounce in Australia for gold and nearly $26 an ounce for silver or should i cash in? I bought gold at $1800 an ounce and silver at around $21 i think.

Australia down over 5% today so far

But what should I buy from Australia? What is your largest, best run, cash in the bank, company?

The premarket circuit breaker of 5% may be going off tonight in the US.

I am a hold it in your hand invest kind of guy but our big 4 are Wesfarmers, Woolworths Commonwealth bank and BHP. No idea who i would go.

In the morning for sure. NBA just suspended the season after a Utah player tested positive. This and other cancellations is going to cause a panic.

Keep your powder dry, boys and girls. There are going to be opportunities to nibble coming up soon.

Maybe water here.

oh FUCK! ESPN just put it up. Suspend the season. WTF!

Now down 3.27%, 5% in premarket is the stopper if it gets there.

Panic and fear sitting in. Don’t blame folks, but a big driver is fear of liability if somebody from company x gets somebody sick or if somebody gets sick at a company’s event.. Got an email about an hour ago that my company is shutting down the offices and folks are working from home. Does not impact me as I am home based but I am curious to see how many clients want to meet in person via zoom. Regardless, I still have software to sell and to the client base impacted.

Australia down 7%