I forgot at VRX, I sold January $30 call on half today. Bid on SPY put not filled as yet, perhaps by Thursday or Friday.
Igurumo, I wish you good luck, I never go around and tell others what they should do with there money. For myself I will stay from REIT/BDC or other securities whose management does not answer to the shareholder, except for a surgical trade.
I,m trying to buy a SPY Put. I have sold Calls on everything except part of the TSO. Seriously the choice is to sell early or sell late. Selling early with a good profit might seem like lost opportunity until s$1/ happens . I was holding PSEC when they cut there Divy a few years ago, A very unpleasant experience. Good luck to those who choose to hold it.
China does not recognize the Haig authority and visa versa. China wants to become a world shaking Naval power. But there military training and organization is not adequate to the task. This will take many years to play out with China pushing harder as they increase there capabilities. The above was influenced by the writings of John Maldin.
Just wonder what your personal criteria for a Bull market is? How high does it have to go for how long?
I,m considering buying a SPY Put near close to catch profit taking.
Fredkane, Do not look behind the curtain,do not question, do what Tom Lee says! So you respect guys that get fired a lot . I studied at Virginia Western Community College and Applachian State Univ. and also hot fired a lot, show some respect Freddy ! :)
After reading posts about Tom Lee on this MB for sometime my only thought was "who the hell is Tom Lee and why should I care what he says ? Is it another dirt wadd talking his position ? I for one think reading and listening to media pulp bs is bad for your trading accounts health. Think I will only concern myself with what faces me and not be led off into a media induced never land . Best of luck to all including Tom Lee.
Kel, Chunky soup really? With Spam and potted meat you can grease your half track or howitzer with it in a emergency:)!
Tulsa, I would not seriously consider moving to TDA but thought letter was interesting. Schwab and Vanguard are gaining customer capital while Fidelity and TDA are losing from a article of last week. Fidelity has free trading on some ETF but with a holding period.
What constitutes a Flash Crash, how many there have been and what were the caused them is a matter of opinion. IMO the cause of any price movement is human emotion of investors as they see saw between greed and fear. I,m not disagreeing with the wisejman or the author of the article from which he cut and pasted.
When I think of the Flash Crash I think of 2010 when I started investing on my own after retiring. Two weeks before FC I invested the whole account in a Fidelity portfolio of Mutual Funds. It scared the living hell out of me to say the least. I waited 4 days until recovery was well in place ans went to cash and paid the penality for not holding 90days. I never was seriously into Mutual Funds again.
Batman, I like Fidelity except when they do something and want explain why.Example : When RSO Preferred tanked I bought some B and C. After the initial purchase they refused to let me buy any more C without calling a Rep. This was in my wife's account and she has no interest in getting involved. So I called a rep on my account and asked about not being able to buy more C. He did not know why but his computer would not perform the function. I sent email which usually ends up with someone who can or will give a answer. I recieved no reply on two occasions.
Vanguard as poor graphing but lower costs and they have some funds that I can trade for free. I was thinking about trying there hybrid robo advisor service which charges 1% annual fee to see if it's worth the trouble.
Does a Flash Crash have anything to do with a bear market? If one is lucky the FC is the buying opportunity of a life time. I have low ball orders in place in case we have another.
I would be hard pressed to call the current market anything other than a Bull Market perhaps toppy. Even though I thing we are in a Bull Market I,m currently 70% cash as a matter of caution. It's all a matter of opinion and any change in the market will be caused my investor emotion and nothing else. Some people are either Perma Bulls or Perma Bears irregardless of market conditions and that's there opinion and they are welcome to it.
Just recieved a letter from TD Ameritrade soliticing my account transfer offering $1000 for a minimum $250K deposit plus a $75 transfer fee and 90 days of free trades. Meanwhile Vanguard offers you nothing want even pay the transfer fee and they don't charge you one either if you leave. TD Ameritrade must be in trouble. Currently with Fidelity and considering Vanguard.
I remember waiting for the spin offs to unlock value, and waiting and waiting:) Some like Northstar (NRF) that actually did there spins, did not achieve the desired results. Be very careful sipping that lemonade :)