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Walgreen Co. Message Board

  • robbsbeach robbsbeach Jun 30, 2010 12:28 AM Flag

    122+ Thousand, Bid at 25+

    Not a Good sign,

    However, recent employment job cuts (inside information) being leaked on this board may turn the downward trend positive, Or is this a Non News Release as was suggested in Mid June.
    And a contracted settlement was reached and details would not be discussed in the conference call

    Perhaps a straddle at this point is a good option?

    StanleyandMorgan whats you view on this direction..I believe I heard another poster say, who made money, 25+.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • StanleyandMorgan doesn't understand straddles. You know that. He thinks it's not possible to have both a put and a call.... in fact, he compared that to betting the pass and the don't pass line in Vegas (where I won big this past March (thanks Gonzaga), had a great time, thanks....gave me a fantastic room at the Wynn...but I digress.....)

      Dow ultimately could go to 9000. Or lower...Gitters in the economy. Capital Gains.

      If the market falls, so will WAG. I'm a buyer at 25, but I am buying in in small increments. That means I may buy a bit at 25, some more at 23, some more at 27 when it pops up a little.

      I am holding the protective puts I bought before earnings (which make my entire holdings in WAG worth at MINIMUM 31)... thinking about exercising the options at expiration and paying the capital gains.

      Time to start thinking about tax implications of my portfolio and pay the 15% CGT since it's about to reset to the higher tax rate.

      Think about that.. if everyone sells off to secure the lower CGT, what will happen to the market?

      The author of this post cannot provide financial advice. The author of this post is not, nor does he represent himself to be, a registered investment advisor, broker, or dealer. Readers should independently verify all statements made on this post. All prices shown must be taken as indicative. This post is intended for informational purposes only and you, the reader should not make any financial, investment, or trading decisions based upon this post’s author’s interpretations of anyone's stock picks. Any investment should be made only after consulting with a qualified investment advisor and doing your own homework, including but not restricted to, reviewing the publicly available financial statements of the company and verifying your appropriate risk tolerance with a qualified investment advisor. A qualified investment advisor can help you determine your own risk tolerance and whether it is appropriate for you to invest in securities. Investing in securities involves significant risk and can result in a loss, not limited to, the original capital invested. Past performance of stock prices is not a guarantee of future results. Furthermore, past performance of any of the author’s interpretations of anyone's stock picks or any trading strategies, backtested systems, or other calculations devised from these interpretations, does not guarantee future performance of these methods. THIS POST IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITIES MENTIONED. THE AUTHOR ACCEPTS NO LIABILITY FOR HOW READERS MAY CHOOSE TO UTILIZE THE INFORMATION ON THIS POST.

      • 1 Reply to irunthe262
      • Run

        You made two very good points going into a Holiday weekend.

        The CGT, I agree will be discussed during this weekends beach-side barbecues.
        And the the Dow is showing less than a Strong trend going into a hot summer.

        Today I think many investors are getting ready for a long weekend, this may result in a slow trading day.
        If not, next week may give a better direction.


        Good luck today.

 
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