Shonuff
Mr. Poopybutthole
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DIS has about doubled for me, I don't want to sell! Nobody wants to sell their winners.
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Investing General Discussion
- Thread starter Furious
- Start date
Kuro
Naxxramas 1.0 Raider
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Last part of my Mom's estate finished resolving, so I've got a $20k chunk of cash sitting in my brokerage. I know I should just dump it into the market all at once, but a paranoid bit in the back of my head just wants to DCA it over the next 2-3 months in case the government gets stupid over flu season.
Big Phoenix
Pronouns: zie/zhem/zer
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Fogel
Mr. Poopybutthole
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If you're doing indexes then I'd just DCA it in, they're pretty high this year already as far as % return so I see them trading slightly up with some chop inbetween that will get you some good buy ins.
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Fogel
Mr. Poopybutthole
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Whats your price target? I have the Sept 17 25& calls so I'll probably sell if it hits 25.50-26.50. If it gaps up I'll just set a stop loss then.
Shonuff
Mr. Poopybutthole
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With markets where they are it's a crapshoot. Maybe try selling a put or two on something reasonably priced like ITOT at a close to the money strike. You get the index at a discount if assigned or you get the premium then rinse/repeat if not assigned.
Fogel
Mr. Poopybutthole
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When do you think it'll hit 30? If you look at the yearly chart its forming a massive head and shoulder pattern, but looks like the right shoulder still has a little consolidation left before breaking out. But covid and reopening news could obviously speed or slow it down.
Shonuff
Mr. Poopybutthole
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Tecnicals mean jackshit on news. If you listened to technicals, you would have missed the trade today. Sometimes, you have to go with your gut.
I'm holding 45 days unless other news comes out. Like the vaccine isn't working, or another stronger variant. Or it gets to 30+.
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Shonuff
Mr. Poopybutthole
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Don't doubt the headline on CNBC that "Covid Cases are Turning Over in the Worst States in the US" and the power that statement has on the markets. Mike Santoli just said this. And Josh Brown just said the recovery stock correction is just about over (and ripping higher).
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Been trying to find something to do with my cash. To be honest, rolling out lots of cash covered puts on SPY/QQQ etc is a pretty large amount of liquidity and I aint got that much free. Part of me thinks the SPLG is the ticket (S&P 500) but it has two downsides. The options aren't super liquid and it has stocks I abhor (FB/GOOG etc). The other option is to go with the XLK. Little more liquid and lacks the Comm Sector stocks. Downside here is that its only got 77 stocks and AAPL/MSFT make up 42% of the ETF. Since I persoanlly love AAPL and MSFT that may be the way I end up going.
I am open to other ideas. I dont want individual stocks because if I do get assigned I am fine holding the ETFs long term through a down cycle.
I am open to other ideas. I dont want individual stocks because if I do get assigned I am fine holding the ETFs long term through a down cycle.
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Shonuff
Mr. Poopybutthole
- 5,538
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Shonuff
Mr. Poopybutthole
- 5,538
- 790
I almost shorted it, but figure I'll wait until its get to 200 before I do it.BABA +2% on the day.
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