Wed, Apr 16, 2014, 6:43 AM EDT - U.S. Markets open in 2 hrs 47 mins

Recent

% | $
Quotes you view appear here for quick access.

The Dow Chemical Company Message Board

  • the_nervous_resistor the_nervous_resistor Apr 7, 2003 3:45 PM Flag

    Take profits?

    So, I'm in long, but today's response to the war news (first up big, then back to neutral) makes it look like the market has completely discounted all the war events and outcomes.

    Good news is:
    S&P is at 882, up from 800, or 10%.
    DOW is at $29, up from $25, or 16%.
    Oil is down $10-12/bbl from the high.
    And it is old news.

    Bad news is:
    Economy is in the dumper.
    Jobs are tight.
    Rates can't go lower.
    Oil is unlikely to go lower.

    This may be as good as it gets, near term. Sit on the holdings or take profits?

    Your thoughts?

    tnr

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • At over $1.50 for Dow June $30 calls selling them covered by your shares looks like a good way to make money to me. Buy them back after earnings announcement at a few cents or let them expire in June & have your shares and some cash.

 
DOW
47.57+0.07(+0.15%)Apr 15 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.