Love it when that happens. Yesterday Goldman said there are better internet security plays than CYBR, and after a brief morning swoon, the stock is up nearly 5% for the day. Hopefully AAL keeps climbing.
Uncle--The account is a normal retirement account. No margin allowed. Only options allowed are covered calls, a very conservative approach. Like building in a higher dividend. Works very well for me.
uncle--This volatility is why I sell covered calls. That and the fact that my accounts are retirement accounts that I don't have to pay taxes on until I begin taking funds out. Sold some Jul 29 $35.50 for $1.50 against my low $30s shares because when we have a strong move higher, I want to make sure I come away with something. Hopefully earnings and guidance will be good and we will keep moving higher.
On a separate note, if Yahoo removes this board, I have left a post on Investor Village message board for all AAL posters. Their board has all posts numbered (like Yahoo did two message boards ago), groups messages by heading for discussions, has a place to rec posts so those in a hurry can just read the highly recommended posts, and even has a private message feature that allows you to message an individual on the board privately. It is far superior even to this format.
I feel your pain re patience. I bought a few AAL Jul15 $29.50 calls after the Brexit dip for .50, then was very happy to see the big rally at the end of last week, and, doubting it would continue sold the calls for a buck. Could have sold them for $5 this morning had I held. Ouch. But on Friday, with the calls expiring this week I thought I was being wise.
Was going to joke earlier that I must be on the wrong board since my stock does not go up this much, not realizing it really never does go up this much--ever. And then decided to check posts and could not find the board. Had to go to history to find the message board. Are others having this same problem with redesigned Yahoo Finance and no access to message boards?
Was the downgrade the last piece of bad news that caused traders to say all the bad news is in now? Or created as an opportunity for shorts to cover? Whatever the reason, it is a welcome relief to see the stock moving higher. Will the groundhog see its shadow tomorrow and run back into its hole? Hopefully not.
A little late to the party to downgrade now. How about we downgrade Credit Suisse, now down from $30 to $10? I'm not normally a conspiracy person, but this timing really seems suspicious and gives the shorts a great gift. Hmm, is it possible in a situation where there is a great deal of money to be made there could be manipulation? Oh wait, that's the pool we're playing in.
I'm long and underwater on shares recently bought at $30, as well as a few bought higher. Below I am listing the effect of the shares buyback so far:
As it turns out, your prediction was well timed. The stock could have been picked up the next day for $25 and now, a few days later, is up almost 20%. I'm with you on other comments re bots. Now that they have made the stock unattractive through all kinds of "news" stories and beaten it down to the mid $20s, someone has been picking it up for a song. Also agree with Uncle's comments about some short covering taking place.
Couldn't be more wrong. US futures down 5%. Will be very ugly. GOOG could drop $30-$40 in a heartbeat. What happens next is unclear. Does the market continue lower, and if so how much?
I'm guessing today's gains will all go away in a heartbeat. The remain vote may pick up, but they're far behind so will be tough to catch up.
Uncle--You saying the market is expecting Brexit? Early results suggest Brexit forces may win.
Looks like the market is already counting on no Brexit. It the market is right, we may see a little more upside tomorrow. But if the market is wrong, we will see a big selloff in AAL and the rest of the market.