Halliburton: Buy And Hold My Pal Hal [View article]
Are you the writer of those V calls? Writing naked calls can be really dangerous. I think I have done that only once and I didn't get much rest at night. For me the first economic priority is preservation of capital.
I Just did a quick review of V and I think it looks better as a short. Kind of looks like it is in the latter stages of forming a double top. The DMM unloaded a 1.3 million share block at $120.28 on May 29. There are additional extenuating circumstances to that trade, but suffice it to say that it traded much closer to the top of the range than the bottom.
I'm not saying you are wrong ... In fact, I don't even know if you are long or short those calls .... I'm just saying be careful.
Halliburton: Buy And Hold My Pal Hal [View article]
With Regard to BP -- It very well may have been covered with smaller blocks. But they would still evidence themselves as a series of blocks aggregating a big position. I just haven't seen that yet and I have been watching. Even if they conceal the cover, the accumulation would be difficult to hide. I actually will look for both.
You may also be correct with HAL The truth is it is just a trade for me. I didn't bet the farm and I never would. I just see a nice opportunity to get a few quick percentage points. After that I'm gone.
That is why I tried to emphasize the stop out and the discipline to carry through with it. I actually feel the discipline is more important than being right.
Halliburton: Buy And Hold My Pal Hal [View article]
It could easily hit $23. My stop is set at $25.15 so I am thinking $26.00 should offer some good support.
I have also been watching BP. I have not seen any significant blocks. They had a big short (5.3 million share block @ $46.87) on February 22 but I have not seen the cover yet. Until I see something that provides the impetus for a reversal in the trend I will track it and pull the trigger when I see some blocks.
Kraft Foods Inc: Cut The 'High Stinking Cheese' [View article]
Thank you, I appreciate the acknowledgement. KFT is just well positioned for a bounce within the range which I expect will continue. You should be fine just holding it if you prefer to buy and hold. You might consider selling some covered calls for a bit of protection since you are already holding the stock.
General Electric - Short This 'Grin Without A Cat' [View article]
You know when two people such as ourselves are passionate about an issue to which we are diametrically opposed, it really makes it exciting.
That's why I love the market.
Here is the point. If you are right and I am wrong, I'm OK with that because I have measures in place to protect me and I have the discipline to execute the plan.
For me it is just another trade. Kind of like a single hand in blackjack. The game goes on....
General Electric - Short This 'Grin Without A Cat' [View article]
I call your attention to the paragraph directly below the table of blocks. I apologize for not specifying with more particularity but I try to keep these articles under 1000 words.
If you read my article on May 8th Market Set To Head Lower, you should get a better feeling for my thesis.
Read it and if you still are uncertain then send a direct message to my in box and we can take it from there.
I hope this helps and if it does not, I am still willing to try.
General Electric - Short This 'Grin Without A Cat' [View article]
Sorry, I do not collect the data for NLY so I would be guessing in any predictions and that would be a disservice to you. I follow about 650 different issues and NLY is not one of them.
If there is anything else you would like me to look at just ask.
General Electric - Short This 'Grin Without A Cat' [View article]
You are absolutely correct. GE could move much higher and that is why I am always careful. It is really more a matter of discipline than anything else. It is knowing that no matter what happens you will survive and prosper.
Adding to your position on a pullback is a great approach if you have the time and you are a long term investor. GE will have vicissitudes which I will try to cap on, but it is really hard work.
Halliburton: Buy And Hold My Pal Hal [View article]
I Just did a quick review of V and I think it looks better as a short. Kind of looks like it is in the latter stages of forming a double top. The DMM unloaded a 1.3 million share block at $120.28 on May 29. There are additional extenuating circumstances to that trade, but suffice it to say that it traded much closer to the top of the range than the bottom.
I'm not saying you are wrong ... In fact, I don't even know if you are long or short those calls .... I'm just saying be careful.
Halliburton: Buy And Hold My Pal Hal [View article]
You may also be correct with HAL The truth is it is just a trade for me. I didn't bet the farm and I never would. I just see a nice opportunity to get a few quick percentage points. After that I'm gone.
That is why I tried to emphasize the stop out and the discipline to carry through with it. I actually feel the discipline is more important than being right.
Halliburton: Buy And Hold My Pal Hal [View article]
I have also been watching BP. I have not seen any significant blocks. They had a big short (5.3 million share block @ $46.87) on February 22 but I have not seen the cover yet. Until I see something that provides the impetus for a reversal in the trend I will track it and pull the trigger when I see some blocks.
Halliburton: Buy And Hold My Pal Hal [View article]
More often than not, I find that I pick up the Cabbage Patch Kids and kick Barbie to the curb.
Kraft Foods Inc: Cut The 'High Stinking Cheese' [View article]
Continued success....
Exxon Mobil: Set Up To Move Higher [View article]
A friend of mine was despondent because he was recently stopped out on a short position he had in XOM, which of course I advised him against.
I sent him a list of ten puns, to try to cheer him up. Unfortunately, no pun in ten did.
Have a great day.
Wal-Mart: Second Wind Or Last Gasp? [View article]
Halliburton: Buy And Hold My Pal Hal [View article]
General Electric - Short This 'Grin Without A Cat' [View article]
General Electric - Short This 'Grin Without A Cat' [View article]
That's why I love the market.
Here is the point. If you are right and I am wrong, I'm OK with that because I have measures in place to protect me and I have the discipline to execute the plan.
For me it is just another trade. Kind of like a single hand in blackjack. The game goes on....
General Electric - Short This 'Grin Without A Cat' [View article]
If you read my article on May 8th Market Set To Head Lower, you should get a better feeling for my thesis.
Read it and if you still are uncertain then send a direct message to my in box and we can take it from there.
I hope this helps and if it does not, I am still willing to try.
General Electric - Short This 'Grin Without A Cat' [View article]
General Electric - Short This 'Grin Without A Cat' [View article]
If there is anything else you would like me to look at just ask.
General Electric - Short This 'Grin Without A Cat' [View article]
Adding to your position on a pullback is a great approach if you have the time and you are a long term investor. GE will have vicissitudes which I will try to cap on, but it is really hard work.
H. J. Heinz Company - Is The Trend Friend Or Foe? [View article]