I was so I sold half my KRFT stock yesterday at 83.20.
Holding the other half to see what happens.
I remember the old saying, "You can't go broke taking a profit." And in an IRA account to boot so no tax consequences to worry about.
All very interesting - BUT, is anyone interested in the stock price for pete's sake?:
Thanks for your comments. It's clear to me also that the company needs to make some changes to adapt to new conditions.
So your calls will expire (if it isn't at $15 or above at expiration) and you keep the stock plus the premium you got selling the calls. Where's the problem?
That's what I refer to as the Smith and Wesson "dividend." I like holding the stock but I also like a little income so I sell far out of the money calls. They expire worthless and I sell some more. Repeat. repeat......
Thanks for your input. I've also done the" buy low sell high" on occasion with MCD. Haven't sold covered calls because I hold it in an account where I don't have option privileges.
If I free up some cash I might buy some shares in my other account where I could at least sell covered calls. I like that idea of "juicing the dividend."
JG - Thanks for a rational observation. At least there's one other poster who is worth reading. I might think about trading a few shares that way.
Otherwise I'm still using that ignore button again this morning!
Gee, I clicked on this board to see if I could get some insight into T and its future prospects.
BUT, when I get here, all I see is some personal feud between posters! Not much help as far as planning ahead for how to handle my shares.
I've got about 1,000 shares and I like to sell out of the money calls on them that will expire worthless to add to the income from the great dividend. Been doing it for awhile.
Anyone else use the same strategy?
There are so many lunatics, bashers and anti-MCD propagandists posting on this board I've just about worn out the ignore button!
I'd welcome some rational discussion on the prospects of this company instead. I hold the stock as a good dividend play and, although I have some concerns about changing dining habits, I believe it is a genuine hold here. If positive changes are forthcoming it's a buy.
Anyone without an agenda have some constructive thoughts?
110 is where I'm selling my covered calls at, haven't been called away yet, just pocketing the premiums. Will sell some more tomorrow!
I used this dip to buy back my covered calls (at a profit).
I'll either add to my position or wait for the price to spring back from this temporary dip and sell some more far out of the money covered calls. Takes the place of a dividend while we wait for this stock to rise substantially (which it will).
I remain convinced, knowing a number of diabetics, that this product is revolutionary and will one day be the standard for treatment for many, many diabetics. No more pulling up their shirts when eating out to stick themselves in the stomach with a needle.
I cringe every time I see some poor soul have to do this at a restaurant.
If you can't understand the strong appeal of no longer having to do that, by all means sell. I and others will happily pick up your shares cheap!
Boy, on this board you can plumb wear out your ignore button! Such propaganda!
Buy and hold MCD, buy and hold. You cannot lose if you do this. Reinvest dividends on the dips.
Again the false talking point about "more" gun violence. In general, homicides and other crimes with firearms have fallen steadily for years, while during the same time, the number of weapons in the hands of private citizens has steadily increased.
If there is any correlation to be made, it would seem to be that more guns means LESS crime!
It's a little complicated but BATF proposes to ban a certain round (5.56 62 grain M855 cartridges).
As a result, at last weekend's gun show here in central Virginia the place was packed, and folks were walking out with 500 round cans of the stuff. I would not be surprised if there is also an uptick in AR style rifle sales as well, indeed, checking prices on dealers I am familiar with I noticed about a 10-15% increase in asking prices on such weapons.
I have NEVER seen so many folks at this particular gun show venue since they started it a couple years ago. I predict an across the board uptick in gun sales because of this one (proposed) action by BATF.
I agree with libertee - shoot, every other guy I see at the range has got himself a Caldwell Led Sled with him. Me, I got a couple old sand bags (but I'm a cheap skate). Caldwell is just one of the brands Battenfield sells products under. I always thought the acquisition was smart as to acquiring a company that sells a wide group of successful products.
I'm also wondering if all the attention to the BATF's announcement about M855 ammo might reignite buying of AR style rifles. Smith's Sport model is cheap these days.Anyone care to take a guess?
Not to interrupt the previous discussion on terrorism, crime and Chicago, but I notice the stock price is approaching $13, albeit on low volume. Anybody know what's up, if anything, to cause this?