Amzn hitting 52 wk high
Yep - almost pulled the trigger on writing covered calls for half my position (bought in 2013, so I'm up over 1400%). Jan $210 calls was the idea - I chickened out. Thoughts in favor or opposed?Talon2DSO said:
Amzn hitting 52 wk high
EnronAg said:
Markets starting off strong this morning. With options expiry and stupid quarter end window dressing looming this afternoon, markets will absolutely rip to ATHs with any sort of fake PCE numbers. Train ain't stopping 'til election is decided, boys!!!
so we all saw Elon followed the founder and former ceo of $uber Travis Kalanick yesterday
— amit (@amitisinvesting) July 2, 2024
how crazy is it to think…
that Elon’s bringing Travis on as a consultant to help $tsla build a fleet of vehicles that would be competitive with $uber
i mean who else to ask how to build…
Yes, their dividend appears safe and current price and yield is a good entry point. Put it in a DRIP to reinvest the dividends and you'll have a good ROI. It'll be more boring than watching paint dry, but it offers great return with minimal risks imo.agdaddy04 said:
PROG, further thought on KSS and if the recent move down would be a good time to add a position? Doesn't look like they cut the dividend, right?
flashplayer said:
Now we just need Nancy to go balls deep in POWL and SMCI and we are all set.
$NANC tracks all the Dems investments. $KRUZ is the Republican ETF.El_duderino said:
Not related to those two, but I had no idea there's an actual ETF NANC that tracks her moves. It's up 20% year to date and 44% from the October low last year
Thanks for postingTxducker said:
ssrm, gold miner. I saw this chart with abnormal large volume today and did not make new lows as it has been in a downtrend. macd touching or about to touch and cross. Looks interesting for a trade. Edit: I want to see a candle not make a new low before entering the trade or a doji candle, because it may continue its downward trend on Monday. Tight stop would be at the previous day low from the day I enter.
I currently hold a couple gold miners, and am genuinely curious why this one is considered remotely attractive? In a bull market for gold like we haven't seen in many years, wouldn't you pick one that has at least crept upwards, if you want a momentum or chart pattern trade? Admittedly, I'm more of a fundamentals trader, and discount technicals to a large extent.bhanacik said:Thanks for postingTxducker said:
ssrm, gold miner. I saw this chart with abnormal large volume today and did not make new lows as it has been in a downtrend. macd touching or about to touch and cross. Looks interesting for a trade. Edit: I want to see a candle not make a new low before entering the trade or a doji candle, because it may continue its downward trend on Monday. Tight stop would be at the previous day low from the day I enter.
I'm going to buy shares with a stop at 3.76 (low from Feb). The initial target is 9.00 and I may trim some along the way
I bleed maroon said:I currently hold a couple gold miners, and am genuinely curious why this one is considered remotely attractive? In a bull market for gold like we haven't seen in many years, wouldn't you pick one that has at least crept upwards, if you want a momentum or chart pattern trade? Admittedly, I'm more of a fundamentals trader, and discount technicals to a large extent.bhanacik said:Thanks for postingTxducker said:
ssrm, gold miner. I saw this chart with abnormal large volume today and did not make new lows as it has been in a downtrend. macd touching or about to touch and cross. Looks interesting for a trade. Edit: I want to see a candle not make a new low before entering the trade or a doji candle, because it may continue its downward trend on Monday. Tight stop would be at the previous day low from the day I enter.
I'm going to buy shares with a stop at 3.76 (low from Feb). The initial target is 9.00 and I may trim some along the way
Fair enough! I recently traded some options on a couple picks from this board (from you!) without understanding a thing about their fundamentals (IREN and SE), and it turned out really well.bhanacik said:I bleed maroon said:
I currently hold a couple gold miners, and am genuinely curious why this one is considered remotely attractive? In a bull market for gold like we haven't seen in many years, wouldn't you pick one that has at least crept upwards, if you want a momentum or chart pattern trade? Admittedly, I'm more of a fundamentals trader, and discount technicals to a large extent.
It's a short term swing trade for me, purely based on price action. Not a major investment and I didn't even look at fundamentals.
I'm not at my computer right now but I think my first alert level to monitor for a trim was 5.93. If it fails my stop assures a minimal loss.
Also, to add, I am not nearly as experienced as most on this board. Recently, I've started posting some of my trades to get input from others and this is another one. I welcome the questions to generate discussion and hopefully spur some input or ideas from others for learning.