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Message
Just bought more XOM ca $34....
Posted on 3/16/20 at 9:14 am
Posted on 3/16/20 at 9:14 am
...on this morning's dip....somebody please make me stop. Just can't help myself. 
5
Posted on 3/16/20 at 9:15 am to K E V 8 4
Just bought my first 75 shares myself
Posted on 3/16/20 at 9:19 am to K E V 8 4
On this website I have seen this posted when XOM was at 65, 55, 45, and now 35.
Posted on 3/16/20 at 9:22 am to LSUtoOmaha
Going to 25 next.
Posted on 3/16/20 at 9:37 am to LSUtoOmaha
quote:
On this website I have seen this posted when XOM was at 65, 55, 45, and now 35.
Ha - I'm certainly no wizard and have bought at those levels as well! Time will tell, but I believe XOM has the war chest to manage through and scoop up properties on the cheap. They are designed for these types of opportunities. Fingers crossed - there are no certainties in investing.
Posted on 3/16/20 at 9:39 am to K E V 8 4
What are some of ya'lls thoughts on BP getting through all this? I assume they may or probably will cut their dividend but didn't know how their cash reserves and stuff look.
Posted on 3/16/20 at 10:07 am to windshieldman
bp has some very solid upstream assets for low cost environment
Posted on 3/16/20 at 10:11 am to TrueTiger07
quote:
Going to 25 next.
And I'll keep buying
Posted on 3/16/20 at 10:18 am to K E V 8 4
The problem with some people on this board is that I feel many of you are too close to the oil and gas economy and see it on a day to day basis to realize that tech company stocks have considerably outperformed energy stocks over a long period of time and energy stocks are just not what that they used to be.
People here parroting XOM seem to think it's the same company that used trade back and forth the biggest market cap prize with Apple. Now each of Apple, Microsoft, Google and Amazon are 4-5x bigger than XOM in terms of market cap, with two of them >$1T. Facebook is almost 3x XOM. Think about that.
If you are investing for maximum gains, I'd overweight towards tech companies any day given that they can diversify and expand into newer industries relatively easily compared to energy companies....XOM's dividends not withstanding.
#DataIsTheNewOil
People here parroting XOM seem to think it's the same company that used trade back and forth the biggest market cap prize with Apple. Now each of Apple, Microsoft, Google and Amazon are 4-5x bigger than XOM in terms of market cap, with two of them >$1T. Facebook is almost 3x XOM. Think about that.
If you are investing for maximum gains, I'd overweight towards tech companies any day given that they can diversify and expand into newer industries relatively easily compared to energy companies....XOM's dividends not withstanding.
#DataIsTheNewOil
This post was edited on 3/16/20 at 1:32 pm
Posted on 3/16/20 at 10:56 am to rickgrimes
I learned this when I was in the automotive and aerospace sectors: don’t overweight your investment portfolio in the same sector as you work.
No matter how good you think things are, if Murphy comes knocking at your door, if you’ve doubled down, he’ll move into your spare bedroom and stay there for a long while.
No matter how good you think things are, if Murphy comes knocking at your door, if you’ve doubled down, he’ll move into your spare bedroom and stay there for a long while.
Posted on 3/16/20 at 11:39 am to LSUtoOmaha
I sold at a loss under 60. I will start to get back in under 30.
Posted on 3/16/20 at 11:54 am to K E V 8 4
Under 29
And it is still a gamble then
And it is still a gamble then
Posted on 3/16/20 at 1:13 pm to KillTheGophers
The problem with some people on this board is that I feel many of you are too close to the oil and gas economy and see it on a day to day basis to realize that tech company stocks have considerably
I have enough techs in my index fund that I have been dollar averaging in when we went below 25 percent decline.....adding a little now in then to help my portfolio recover faster when we start the healing... doing same with international index..
I look at the oil like I would a corporate bond(which I have a lot of) ... they are giving me 3-6 percent... I am picking up a few individual stocks that should go back up , have been beaten down very bad, and historically provide a solid dividend...
Out of oils I am buying rdsb...almost daily
Should get some att but waiting for market capitulation..idk???
I have enough techs in my index fund that I have been dollar averaging in when we went below 25 percent decline.....adding a little now in then to help my portfolio recover faster when we start the healing... doing same with international index..
I look at the oil like I would a corporate bond(which I have a lot of) ... they are giving me 3-6 percent... I am picking up a few individual stocks that should go back up , have been beaten down very bad, and historically provide a solid dividend...
Out of oils I am buying rdsb...almost daily
Should get some att but waiting for market capitulation..idk???
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