What stocks are you buying and holding for long term?

SimpleMeLike · Mar 25, 2020

They said:
SimpleMeLike,

For a long term hold why don't you buy some BABA or Tencent?

We all know the China Gov has a longer term outlook than most American company's rotating CEOs.

If you really are looking out 20 years for your retirement I think BABA will get to $1000 a share or the equivalent with splits in that time frame, why not have a little China in your portfolio?

Hello They,

Thank you for the advice. That is good point you mentioned. I currently do not have any China stocks. I will look into your 2 recommendations.

TommyR · Mar 25, 2020

the nhs. maybe things just have to get so bad before though.

Amun Ra · Mar 25, 2020

Cabin111 said:
Only bright spot for the day...I picked up WELL for $33.07. About even as I write...9 am Pacific.

Later did a covered call...Jan 21 $50. I got $5.40 for the option. Kept dropping the offer twenty to thirty cents at a time, till someone bit.

WELL will probably be at $80 by year end but the buyer may exercise for the divy before then. At least you'll have gained $22 per share effectively giving you a 67% gain for the year on that one or 77% if they don't exercise and you keep the divy.

I also have WELL, but not as good as a price as you. Tried to get my wife to buy 1,000 shares of it when it kissed $25, but she wasn't having it. Unfortunately I got in WELL in the mid 40s. (I think my average price is around $43 or $44), but it's in my long term account where I don't touch a stock I've bought for at least a few years.

TommyR · Mar 25, 2020

i will support the NHS to be clear maybe. it's the tone i dont like the tone.

NY_HOOD · Mar 25, 2020

Stocks are a lot like clothing. They are in style for a while then no one wants them, they want the new style. Keep that in mind.

SimpleMeLike · Mar 25, 2020

Amun Ra said:
WELL will probably be at $80 by year end but the buyer may exercise for the divy before then. At least you'll have gained $22 per share effectively giving you a 67% gain for the year on that one or 77% if they don't exercise and you keep the divy.

I also have WELL, but not as good as a price as you. Tried to get my wife to buy 1,000 shares of it when it kissed $25, but she wasn't having it. Unfortunately I got in WELL in the mid 40s. (I think my average price is around $43 or $44), but it's in my long term account where I don't touch a stock I've bought for at least a few years.

I like WELL too.

But while researching others stocks, they took off on me.

Good company, didn't expect price to go up so fast.

I may get some now and some later.

SimpleMeLike · Mar 26, 2020

Cabin111 said:
Only bright spot for the day...I picked up WELL for $33.07. About even as I write...9 am Pacific.

Later did a covered call...Jan 21 $50. I got $5.40 for the option. Kept dropping the offer twenty to thirty cents at a time, till someone bit.

Hello Cabin111,

I am curious to why you purhcased WELL. They are up nearly 100% since bottom at $25.

Thanks,

Amun Ra · Mar 26, 2020

SimpleMeLike said:
Hello Cabin111,

I am curious to why you purhcased WELL. They are up nearly 100% since bottom at $25.

Thanks,

I mentioned it to him on his thread on March 12, that day we had the wild drop from $52-$39 then back up to $45. He probably put it on his watchlist. Wish I would've waited another week, but when I saw that dip that day to sub $40, I panic bought @$43.0451 average(price went up to fast for me to catch it). When the price rose to $45, I mentioned it on here.

https://www.elitetrader.com/et/thre...-today-rvt-enb-hig.341360/page-2#post-5034300

SimpleMeLike · Mar 26, 2020

Amun Ra said:
I mentioned it to him on his thread on March 12, that day we had the wild drop from $52-$39 then back up to $45. He probably put it on his watchlist. Wish I would've waited another week, but when I saw that dip that day to sub $40, I panic bought @$43.0451 average(price went up to fast for me to catch it). When the price rose to $45, I mentioned it on here.

https://www.elitetrader.com/et/thre...-today-rvt-enb-hig.341360/page-2#post-5034300

Do you like their fundamentals or just their dividends and low price stock?

Cabin111 · Mar 26, 2020

SimpleMeLike said:
Hello Cabin111,

I am curious to why you purhcased WELL. They are up nearly 100% since bottom at $25.

Thanks,

My thoughts; demographics, dementia, the ageing population, people wishing (if they or their kids have the money) to place them in a nice facility, safe/clean/well run locations, paying a fair dividend (before this crash)...Means they believe they could sustain a dividend (even if it gets reduced), once the virus threat leaves or a vaccine/flu shot arrives, many will look to move there, credit is cheap, good value at that price, three of the last four quarters they beat earnings estimates, a high of $93.+ for the year (what do experts know that I don't know), etc.

Amun (i believe) you were the one to turn me onto them. I did my research and made the move. It still could fall flat on it's face, if the virus (or another one) comes around big time. Time will tell.