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.
11 comments:
booked SWC bought 6.87 at 7.5
ooooh...NICE!
AZK getting hammered.
What the hell...added at 3.04$ (AZK)
Closed out my GE short for 1.5%. 28 is major support for GE. Lets hope it holds.
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.
Lat,
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 bought SKF right before close, but because it was so stressful I forgot to make it a limit so I paid 128
I'm pretty pissed about that, but I guess the smart ones get outsmarted by the smarter ones.
Tomorrow is payback time :)
Fish-
It 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.
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