BREwmaster said:
oldarmy1 said:
WWR hit Model T and is trying to set up a new support line. All you in it looking to add any sales OR buy back covered calls - I wouldn't action unless you see a flash under $8 closer to $7.50. That is the full range Model T from the genesis of the last $5 major support move up to current high. Be slow to move on it. First time people looking to get in I'd suggest either being patient and risk missing out, if it doesn't consolidate beyond latest wave Model T OR enter shares here and then look for a bounce to enter covered calls on up to 50% of position.
I have a new family portfolio and the last suggestion is how I began just today.
trading into a wedge with support around 8.60 (besides the flash down today). Hopefully it ascends to my "moon" pictured, ha!
new to WWR, heed OA's advice, my chart is part for fun, part for my education. It looks bullish, but never know with earnings.
I think his problem is it is a long term hold with actual fundamentals redeemed much later in the year. Accumulate cheaply (under 5) but got a premature ejaculation of sorts so now is kinda in la-la land.
If you expect it to rocket to the moon Tuesday, I'm not sure it will. It might catch another heater and ride to previous highs on speculation and FOMO, but likely to revert on earnings release. But who knows right now.
If you've got it at 5-7, just hold and sell calls and maybe some in the money puts if you want to accumulate.
Just my opinion, of course. It's late 2021 or early 2022 for the moon.
The greatest argument ever made against democracy is a 5 minute conversation with the average voter.