I bought a new Lenovo laptop 6 months ago from Costco. The screen display failed earlier this week. Costco told us they only carry manufacturer warranty and ask us to contact Lenovo. After we sent it to Lenovo, Lenovo said they won't honor their warranty, and told us to pay $300 or they will not repair it. The laptop was sitting on my son's desk all the time for him to play chess online. It was never dropped or damaged anyway.
Lenovo sucks! Never buy a Lenovo!
Excellent call. Now the next question is: where do you see it goes from here? I have shorted bgz around $67.5. I think the market is close to its bottom. Love to hear your opinion.
There were more than enough intelligent discussions on the board talking about effect of contango and backwardation. You just need to read through. If you are new to investing word, learn to do research on your own. Investing is for grown up.
While you left money on the table, it is never wrong to take profit. There are so many fishes in the ocean, as long as we can catch some and never lose our net, it is ok.
Shorties are rampant on this board. We shall not lose our vision. Oil is at its bottom. There is no way oil can stay under $40 for too long. With this firm belief, I hold my core holding of 15K shares of USO tight, and keep writing put at every dip. Shorts may be able to make some money here and there, but most of them will lose shirts eventually.
Excellent trade Pope!
I wrote total of 450 contracts of Feb $27 & $28 put this morning and expect to ride them to expiration.
economy is sure bad, but it is priced in. Oil and other commodities are showing sign of bottoming. Oil will not go under $40 and stay there for long. It can shoot to over $60 easily. Once it moves, it can get there in a matter of a few weeks. It's a wonderful market to trade, or hold because oil is near bottom. You can buy USO under $30, and sell for a few bucks per share and hope it retreat again, or just hold it for the large move.
Pray is not a good way to help your porfolio. Looks like $ is going to continue its strength. Gold and oil has some more room to fall, inflation pressure is going away and we are going to experience more deflation pressure in short term. Stock has more downside in short term.
OIH is much stronger than market today due to inventory report. I obviously entered position too early, but it's still a small position and I have patience to wait for 2 more days to see if it works out.