08-11-2022, 11:42 AM
(08-11-2022, 11:12 AM)fenders53 Wrote:(08-10-2022, 05:02 PM)divmenow Wrote: New position in SOXS. CPI we’re not good at all. This market is being pumped yet again lol.It is getting pumped bigtime and the VIX just went sub 20 yesterday. Someday it ends but for all of 2022 it has meant hold on for a nice dip. The market is drunk again and I trim something everyday. PS, yay for oil. I need to trim that someday soon lol. Blasted through my ATH yesterday. That has happened maybe twice this year. I will enjoy it while it lasts.
Some of these companies have rallied 10-20% on horrible reports and an even worse future numbers and growth. Way over bought on a lot of names
I’m not falling for that I did buy some SWK, IIPR and added MED. Just buying beaten down dividend names. Not too many buys I can give in this market right now. SMH
Agreed. I trimmed lots as well. And got out of trades.
I did buy some SQQQ as i think the market is in for some more downside and choppiness. Not a bad idea to hedge in case the market turns lower.
I now own SOXS and SQQQ
I'm also thinking of buying NEM. At these levels is worth the risk. I don't own any gold currently lol
Oil I'm staying in. DVN, EOG and PXD I own lots and have no plan on selling as they all continue to raise the dividend. I got out of XOM and CVX right before it corrected. Figured 3 names was enough lol
VSTO Nov 25 calls are cheap - Thoughts? They have been active of late