Seeking Alpha
  • Ocean Man
    Bought some mo MO at 34.57. It's really the only thing I like the price on right now.
    8/21/12
    Reply (8)
    • Dr. Kris: Why? MO is in a downward trend (although it could get a break tomorrow), just broke its 100dma, and is looking to test $34 support...
      8/21/12
    • Dr. Kris: ....other than the 4.8% dividend, I don't see anything to recommend it right now.
      8/21/12
    • Dr. Kris: And why aren't you buying SPY puts???
      8/21/12
    • Wynnnn: MO usually has a nice bounce off the 50dma.. Closed below the 50dma today, but i think it should pop from here..
      8/21/12
    • Wynnnn: If it pulls back a little again tomorrow ill be a buyer in the morning..
      8/21/12
    • Ocean Man: I had SPY puts and then short XIV to hedge alongside 3x as many longs between 1370 and 1425. Sold 2/3 of my longs, so short XIV is enough of
      8/21/12
    • Ocean Man: a hedge for me here. I was thinking of buying some SPY puts closer to Jackson Hole.
      8/21/12
    • Ocean Man: Here's my technical analysis: stocks like MO and VZ don't have 5% pullbacks very often. I buy them when they do. I'll buy VZ tomorrow.
      8/21/12