Tips for surviving a correction

[fenders53]

(03-09-2020, 10:41 AM)NilesMike Wrote:

(03-06-2020, 01:47 PM)NilesMike Wrote: Bought a covered call on PENN

Stock 24.28
17APR 20 26C  2.01


(Oh and bought UPRO below the open and closed it out for $2.00 higher around 9:30AM)

(03-09-2020, 10:37 AM)fenders53 Wrote:

(03-09-2020, 10:32 AM)NilesMike Wrote: OXY just downgraded

I don't even want to know what useless analyst made that call months after novices saw the danger.  I ignore most of them.

I agree with you sentiment however the downgrade will precipitate even more piling on.

Agreed, if you buy commodity stocks before the downgrades you get punched in the face for another 20%.