Stock picks

  • Thread starter Thread starter jmoney74
  • Start date Start date
NEW -> Contingent Buyer Assistance Program
daedalus said:
I started trying to sell some covered calls, as I'm on the fence about the direction of this market, and I like to scalp on both the entry and the exit where I can. So many things are screaming ai bubble. Not looking forward to paying the taxes in case I have to sell the stock, but there are worse things. I put in a limit order Sunday night to sell a contract of GOOGL at $10.26. High of the day was $10.25. I shit you not! I moved my strike price up $10 and I'll try again tomorrow for a Nov 7 expiration, at a more modest sell price. I know earnings are hitting on Wednesday...not sure if there's insider buying afoot, or just plain FOMO. PE of GOOGL isn't ridiculous, but any PE can go down with the tide.
Click to expand...
GOOGL announced as a new Berkshire holding in latest 13F Friday 11/14!
 
$543.76. It will be dark times if it gets there, but I'm old enough to have lost a fortune in the dot com bust. That was well deserved. Tech stocks that are getting the shit kicked out of them today actually make money and aren't likely to lose their dominance during the next bear market.
 
momopi said:
Anyone have an entry point for Oracle?
Click to expand...
Wow, just noticed it’s in an ugly free fall, with a close below 200-day moving average today.
Me personally, I like see things base and curl back up above that 200dma (Not financial advice, of course, ha) since low can be lower. I see a gap between 179-189, maybe it decides to bounce above there or gap fill down to 179.
Makes me think of this quote from the great Charlie Munger: “If all you ever did was buy high-quality stocks on the 200-week moving average, you would beat the S&P 500 by a large margin over time. The problem is that few human beings have that kind of discipline.”
 

Attachments

  • IMG_0311.jpeg
    IMG_0311.jpeg
    520 KB · Views: 3
GrowthStateofMind said:
Wow, just noticed it’s in an ugly free fall, with a close below 200-day moving average today.
Me personally, I like see things base and curl back up above that 200dma (Not financial advice, of course, ha) since low can be lower. I see a gap between 179-189, maybe it decides to bounce above there or gap fill down to 179.
Makes me think of this quote from the great Charlie Munger: “If all you ever did was buy high-quality stocks on the 200-week moving average, you would beat the S&P 500 by a large margin over time. The problem is that few human beings have that kind of discipline.”
Click to expand...
Funny, a bigger fintwit account posted this just now as well.
https://twitter.com/x/status/1992088149355577500
 
You must log in or register to reply here.
Back
Top