One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute. -William Feather

I have made a lot of changes to my portfolio since I am starting to manage it more actively and due to the recent decline. I now only own 5 stocks. A quick breakdown is shown below:

portfolio

I sold off the others to invest more in NAT and VALE and to have some cash to deploy soon. I am looking at companies like PFE, SNY, or AMGN since pharmaceuticals /biotech/ health sector have been hammered. The other thing I am looking to do is double down on Kroger (KR) if it goes a little bit lower. I bought at 30.63 and would be tempted if it goes any lower than that. I think it is a pretty safe place for my money and am looking for a pop.

Kroger Trade:

  • Cost Basis $30.63
  • $34 gives an 11% gain
  • $36 gives a 17.53% gain
  • Stop at $29.50 equals 3.69% loss
  • Reports earnings Dec 1, 2016

VALE Greed:

  • Cost basis $6.87
  • $8 gives 16.45% gain
  • $9 gives 31% gain
  • Believe stock is in uptrend after hitting low of $2.27 in Jan 2016
  • No stop placed at this time

NAT:

Put a lot more money into Nordic American Tanker (NAT). I’ll get to collect a nice divi while waiting for a bounce but would rather get a nice bounce to take some off the table. Bought two chunks at $7.98 and $7.88.

  • $9 is about a 12.7% gain
  • $10 is about a 25.31% gain
  • $12 is about a 50.38% gain
  • No stop set

I am not sure how long NAT will be at these levels, but it as been at them before. I just like how a lot of people liked the stock when it was at $14-15 but not at these levels! I’d probably start taking some off the table at mid 9s.

I am also still eyeing refiners to trade. The same day I decided to buy VALE and SFL (already traded out) was the same time that PBF decided to go on a 9%+ run. It has now already pulled back to $22.52. I would like to get on this at $20 or lower. I am unsure if I will get that chance though.

While I am ready for this election to be over, I am ready (and hoping) for a little bit more pain on Monday. I’d rather it only be a very short term panic as opposed to a major downturn. However, I need to eventually pull the trigger on shorting stocks too. I am not there yet but am getting closer to being ready. I am not ready for options yet!

I am enjoying only having to follow a few stocks now. My main goal is to cut my losses and move on. It’ll be fun to see how pleasant or painful this next week is. I have no idea how it’ll end up!

 

Good luck to all!

 

JT

 

4 thoughts on “Goodbye Stocks

  1. Great quote above. You are not alone in selling some or all of a dividend portfolio. Quite a few others have been doing the same as of late for various reasons. Why not buy some core stocks from an aristocrats list to make your portfolio a little more grounded in “standard” dividend growth stocks. Thanks for sharing.

    Reply
    • Yeah it’s nice to have some cash going into next week. Trying to find solid blue chip companies that have been beaten down still remains part of my strategy. That’s why I got into Kroger.

      Have a good Sunday DH!

      JT

      Reply
    • Nice! I use the if I can sleep rule. I have been trading more but think there are some good companies on sell. I picked up SJM recently at 124.75.

      Reply

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