Thanks, simpleguy. Very interesting and enlightening article (at least the parts that I could understand). Bodes well for the future. Any thoughts on the year end distribution?
This is a PERFECT example of the 2 emotions that rule the stock market: FEAR & GREED. It also perfectly illustrates why the average person doesn't make money. Common sense is counterproductive. As Warren Buffett says, "Buy when there's blood in the streets." But that is easier said than done. With all due respect, saldon63, it certainly looks like you did the exact wrong thing. Now you plan to exacerbate your mistake buy buying back in on an uptrend. Good luck to you, Sir.
I am long LNCO but ignoring the spammer, not LNCO. As far as covered calls, I would NOT consider writing covered calls when the stock price is depressed. When the stock rebounds it will be called away. You will receive a slight premium and probably miss out on a much bigger price appreciation. The time to write calls is after a nice move up. The premiums are much higher and you should have more profit locked in. I understand the concept of using covered calls to increase your yield, but I've always considered them a bet against yourself. I f you own a stock that is in a trading range, sell calls near the top of the range, but if it breaks out, you lose your stock. Just my humble opinion.
"and they problems to scale"...........It's way worse than I thought!
Why don't you crawl back into the hole that you crawled out from?
OH NO!!! Not the dreaded "capture 11". I had no idea it was that serious. I'd better sell all my shares immediately! Thanks for the warning!
Probably had a lot to do with all the markets being up so strong. I think HYGS, along with most stocks right now is very oversold and just needs half a reason to rebound.
Sounds like another avatar for hd317. Same command of the King's English. (Not to mention spelling)