Thebigc wrote:So just bought back into Netflix after selling not long ago. 25 shares at 100.59, I think it may be a little higher or lower but in the 100 and change range. It may go lower so I only picked up 25 shares, heck it may go lower today.
Picked up some wells at 50 and change 25 shares.
Picked up a little more Exxon at 72.71 yesterday. 25 shares
Picked up 25 shares of COP at 47.55 yessterday.
Picked up 25 shares of Disney at 99.95.
I'm not a single stock guy myself but admit I have been tempted to take a flyer at the wheel.
What was you logic behind Netflix, just curious?
I don't advise stocks for anyone or anything like that or suggest anyone jump into individual stocks. 90 - 95% of my investments are funds. But I actually first started investing with single stocks, nothing like penny stocks or anything like that, no options etc... I pretty much stick to large cap blue chip best of breed stocks and buy them when they are discounted and hold for extendded periods of time, wide moat, and I look for dividends for the most part. On occasion I pick up somthing like CHK or WLL but don't spend a lot on them.
As for Netflix, I have owned Netflix since 2009, and it's hard to explain but like funds or anything else you just get used to how it moves. I have never sold completly out of Netflix, but when I needed some extra cash for a week or so I sold some shares to build up a little powder, did the same with Brk B and some short term bonds. It dropped from like 116 to 100 in that period of time so picked some back up. People pop in and out of Netflix all the time, as a hyper growth stock people treat it like an ATM. So it tends to be volitial and have strong swings. Nothing has really changed to alter the 140 - 160 price target placed on the stock. So at 100 and change, it's not a bad buy but you have to look past the PE Ratio. I am still looking for it to go lower, if it doesn't oh well I am not out anything. I am hoping for around 95 in the near term, then when it gets near to reporting it will probably jump again.
Then the more volitial and high risk stocks are.
Really the only thing interesting in my stock portfolio is CHK and WLL, considering Micron but not that interested, maybe Microsoft.
I don't generally try and time the market. I didn't have any oil stocks before and only recently aquired them. XOM is a great company and was at a great discount. Even if the market goes down more it's at such a discount it just doesn't have that far to fall. Picked up COP as a divedend play and CHK and WLL, I am not sure about, possible aquisitions, but also at extreme discounts. The Oil companies at worst are long term aquisitions. I am not worried about Iran if they hit 1 million barrells in the next two years I will be surprised let alone 5 million out of the gate. I wasn't sitting around for years waiting for Oil to drop, it happened and I picked some up. NFLX, I didn't sell out to time the market, I needed cash, was going to be for a car and maybe some new stocks, thought I should sit on it for a bit to see what happens in the market. Market did me a favor so I bought some back. I wasn't predicting it to drop, I thought it might, just because that is what it has been doing. But seriously just got lucky. Unless of course it crashes and Netflix goes belly up, that would suck. I guess will see how it plays out.