The Speculative Stocks....

[fenders53]

(04-06-2020, 09:48 AM)Otter Wrote:

(04-06-2020, 09:44 AM)fenders53 Wrote:

(04-06-2020, 09:36 AM)stockguru Wrote: I went with a real speculative stock this morning. Bought OXY. I realize all the difficulties it will have but I see them survive. They still pay a .11 cent dividend on top of that 40 billion dollar debt lol

At $12 its worth a gamble. I can see this going back to $20 at some point over the next several years.

Interesting story to watch play out for sure.  I follow their drama and have never owned a share.  I think a little more time will have to pass before I'll go long an oil stock again.  I want to see if the oil major divs live.  I have no doubt they run higher someday.  It's just a flesh wound lol.

I can't yet jump in on individual equities, as I still can't value them. The E side of the P/E equation is a giant mystery right now for pretty much every company that exists. 

For broader-based indexes and commodities like dollars/oil/metals, I think there is more reliable macro-economic information that helps aid in valuation.

We'll have to see if the market waits around for the fundamentals to play out with any real clarity.  It often doesn't.  The market knows earnings will be absolute garbage for most companies.  I'll just continue to nibble or trim positions that swing 10% in a few days time. That's been working very well for weeks now with all the volatility.  I lower my basis anyway.  Mostly long-term positions so not overly concerned if I catch the exact bottom.  I know I never will unless it's blind luck.