(Rule #1) Yeah, don't follow Cramer...agree...but realize that anyone can be right/wrong, now and then.
I wish life were as simple as knowing that some are always right and others always wrong, but it isn't.
Do your own DD...Agree.
"Not going anywhere" : I consider this unknowable: and a sign that you underestimate the power of time, "whose million'd accidents
Creep in 'twixt vows, and change decrees of kings,"
I rode this down from $105 to $82 or so...as a bear.
And haven't looked at the chart since, I don't know, but around that price.
I'm glad I left.
What good news (for bulls) came while I was away?
(redo for corrections)
$36 to $34 Put spread: paid ave. $1.16
IOW, I lose 100% at or above $36.00, break even at $34,84, make 72% at or below $34.00
...w/ the added complication of time--the above only holds at expiration (Sep), between now and then the value of the spread will depend on the apparent probabilities, as well as the value inherent in being able to choose any other day to close the position.
I've begun to doubt the wisdom of my timing in TWTR when I took out a bear spread on NFLX--one that makes this position seems poorly timed (late to the party). Yes, I was also short at TWTR at $71.00 or so, and there's a post about that somewhere, but I took a small profit and missed the vast majority of the move down.
Now, I really don't know if I should look to close this position early, or let it be.
It's a very modest position so trading fees are actually a consideration :(
I expect to get dopey replies, but I nevertheless hope to see one or two decent points.
Carl Icahn uses Twitter, but I haven't seen any indication that he considers the stock to be a good buy.
It was around 480 in the Q ending Dec, then 435 (March), and the estimate for the Q ending in June is...480.
Took me about less time to look it up then it's taking me to type this.
Those tools--in the wrong hands--are just more ways to lose.
My chart shows:
Down over the last day.
Down over the last five days
Down over the last month
Down over the last three months
Down over the last six months
Down over the last year