[quote pid='28140' dateline='1629313300']
Added one of Fenders favs in VSTO. Got a $5 dip and its sitting right on the 20 MDA right now.
I bought most my shares under $24 so I'm ok. PE still under 8 so a reasonable PE of 15 puts this at $60-$65
Also added ABBV, LEG and NOC
Sold out of NKE and ULTA
[/quote]
I don't know if we are ever going to see a 15 PE for VSTO because they sell gun stuff but 40ish SP seems pretty safe so nice add. I have 5 more options expiring Friday and then I am going to chill out a little after a full year. I still have a lot of long shares, but have begun selling covered calls at 45 and 50 when it runs. I'll keep some shares for a long time until the financials say not to.
I will probably sell my NKE if it pops a little soon. Don't own much.
Just saw the rumour the taper will start soon. Good to just get that out of the way. Powell will sugar coat it but the bond and stock markets can get used to the idea.
Added one of Fenders favs in VSTO. Got a $5 dip and its sitting right on the 20 MDA right now.
I bought most my shares under $24 so I'm ok. PE still under 8 so a reasonable PE of 15 puts this at $60-$65
Also added ABBV, LEG and NOC
Sold out of NKE and ULTA
[/quote]
I don't know if we are ever going to see a 15 PE for VSTO because they sell gun stuff but 40ish SP seems pretty safe so nice add. I have 5 more options expiring Friday and then I am going to chill out a little after a full year. I still have a lot of long shares, but have begun selling covered calls at 45 and 50 when it runs. I'll keep some shares for a long time until the financials say not to.
I will probably sell my NKE if it pops a little soon. Don't own much.
Just saw the rumour the taper will start soon. Good to just get that out of the way. Powell will sugar coat it but the bond and stock markets can get used to the idea.