The "never ending downturn" always lasts through September at the least . The market must bottom before it can turn north. I getting a little fed up with EPD and MMP and if I sell them that will mark bottom and off they go like shooting stars".
I get the letters crossed on AINV also. They hold a big energy loss they have not realized. They always report good earnings, at some point it's a buy.
Sold some more SQQQ Put for Oct16. Strike $24 for $1.40. Might deliver shares at $22.60. I do wish they had weekly options. Went light because it's a long time until 10/16.
When the Dim message starts to fall on deaf ears they import votes. Besides the Mexicans we are importing 100,000+ Syrians refugees each year. Sept of State John Kerry said they would be vetted (and registered to vote no doubt). No doubt ISIS people will infiltrate in with them.
Unloaded most SQQQ at $25.28 for a $2.26 gain. That took the sting out of today. Also added a little RSO-B at $18.80.
I have a old GILD mid $80 GTC bid. Before the Presidency became imperial price control would require congressional legislation not so sure now . Insurance companies might also like price control.This issue could cloud BioTech through late 2016 and beyond if a Dim wins in November 2016. Drug price controls might seem the next step after medical care hobbled by the Dim thought processes . When Bio Tect bounces back up I might buy a Put on a ETF.
The SQQQ Put I sold last week delivered shares at a basis of $23.02, so I think I will sell another Put on a down day.
Zapflipburger master exhibits the jealous burger flipper mentality. He to wants to be wealthy but only wants to work 20 hours a week:)
OIH is a Oil Services ETF brought to our attention by Slicktop4. It's usually follows WTI closely. Today it moved opposite WTI and the stock in its portfolio. OIH closed down 0.55% while UWTI closed up 8.54% and the four largest portfolio holding comprising slightly over 50% of the ETF basket were up from 0.19% to 2.36%. I noticed this too late to add in regular hours. Will buy or sell some on a big move in the morning.
Biotech is down today because of comments from Hilliay Clinton about drug price control. I read drug price control will be a plank in the Dim platform in the coming election. I predict a big drop in R&D and share prices.
ANVI set new 52 wk low perhaps to some bad energy loans. ANVI currently $5.90 and it is the largest holding in the BDC ETN BDCL at 9.3% . BDCL is currently up 0.62%. Not convinced it's a good buy but it will probably pop off the bottom at some point.
I remember wisej talking about SLRC last week. Canter Fitzgerald also had it as one of there ten recommended buys,which means little.I averaged down to $16.70 and want add any more.