I agree on both, but not the timing. I still think we have a lot of disruption left in the market, at least until the new administration comes to the "rescue." So, I'm buying selectively, but trading quickly. I'm picking up some of the oil stocks, particularly as dividend plays. As much as I disagree with policies and issues, it's hard to argue against XOM as a long-term money maker. Combine the huge dividend, stock buy-back, with writing calls and it's hard to beat, particularly if the stock does not rise quickly and my calls do not get executed.
As for WFMI (and AAPL - two great companies), I think we have a bit more to fall and suspect some of the recent financing of WFMI will generate some selling/arbitrage/shorting at times.
I love the actual food market and have been a loyal customer since its beginings, but realistically, buying retail stocks now must be very nimble. The first stocks to recover, I believe, will be dividend plays so I'm spending more time on that and also trading volatility. |
