AZK's a good company. I have no problem holding the nice amount of shares I'm currently underwater on.
Screw GE. I used to really like that company until they basically became financial instrument whores. I actually made money off them last year during their nice x-mas run, but want nothing to do with them for now.
Their stock performance tends to be pretty slow and boring.
I agree with you about the financials...but they have paid a huge (and disproportionate) price for the their financial association.
I love their other business with water and industrials however. I just pull 1.5%/month via covered calls and plus the div. Not bad to have as part of the portfolio. Stable...and with option writing a pretty nice return.
Coin - like I said before, I never scoff at another's profits ;)
Nice work.
The good part of your plan is that it's hard for GE to really mess the bed; they've been punished already for their bad bets, and I agree, they do have some excellent segements to their biz.
Still, I feel like sometimes their stock is like watching grass grow...
Here is a hypothetical. If you knew that you could make 20% in GE if the stock did nothing.....would you rather be bored and have 20% in the bank, or trade the miners and financials have the potential to make 40% or lose 40%?
I put a limit order in for AUY @ 10.96. It got filled, then AUY dropped another 0.20. I put in another limit order at 10.70 hoping to double up. It filled REAL quick b/c I put it in as a SELL instead of a BUY. Oops.
booked SWC bought 6.87 at 7.5
ReplyDeleteooooh...NICE!
ReplyDeleteAZK getting hammered.
ReplyDeleteWhat the hell...added at 3.04$ (AZK)
ReplyDeleteClosed out my GE short for 1.5%. 28 is major support for GE. Lets hope it holds.
ReplyDeleteAZK's a good company.
ReplyDeleteI have no problem holding the nice amount of shares I'm currently underwater on.
Screw GE. I used to really like that company until they basically became financial instrument whores. I actually made money off them last year during their nice x-mas run, but want nothing to do with them for now.
Their stock performance tends to be pretty slow and boring.
Lat,
ReplyDeleteI agree with you about the financials...but they have paid a huge (and disproportionate) price for the their financial association.
I love their other business with water and industrials however. I just pull 1.5%/month via covered calls and plus the div. Not bad to have as part of the portfolio. Stable...and with option writing a pretty nice return.
Coin - like I said before, I never scoff at another's profits ;)
ReplyDeleteNice work.
The good part of your plan is that it's hard for GE to really mess the bed; they've been punished already for their bad bets, and I agree, they do have some excellent segements to their biz.
Still, I feel like sometimes their stock is like watching grass grow...
Here is a hypothetical. If you knew that you could make 20% in GE if the stock did nothing.....would you rather be bored and have 20% in the bank, or trade the miners and financials have the potential to make 40% or lose 40%?
ReplyDeleteI bought SKF right before close, but because it was so stressful I forgot to make it a limit so I paid 128
ReplyDeleteI'm pretty pissed about that, but I guess the smart ones get outsmarted by the smarter ones.
Tomorrow is payback time :)
Fish-
ReplyDeleteIt happens. Couple of weeks ago for example:
I put a limit order in for AUY @ 10.96.
It got filled, then AUY dropped another 0.20.
I put in another limit order at 10.70 hoping to double up.
It filled REAL quick b/c I put it in as a SELL instead of a BUY.
Oops.