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Playing Zynga big time now. Have several thousand shares, dozens of covered calls, I sold some puts on it as well. I also picked up another thousand shares of Ford and have 20 covered calls. I'm expecting it to drop next week but in the event it doesn't I'll be stuck waiting until February for my calls to expire so I can dump it for maybe a 5% gain.
I definitely thought the markets were going to take a big dump in January....hahaha....nope. Still....waiting for a correction to buy a few stocks........correction.....huh, what is that.
And world markets UP UP UP this Sunday night. But that does not mean the U.S. markets will go up tomorrow (flip a coin). However here is that latest "reason" for world market behavior...
And world markets UP UP UP this Sunday night. But that does not mean the U.S. markets will go up tomorrow (flip a coin). However here is that latest "reason" for world market behavior...
Seems like any and all good news has the ability to push the markets higher and higher.......quite impressive. I wonder what QE3 is going to do...that will be insane if/when it happens.
AA may not hit $11 anytime soon. It's in a strong downward trend. Enjoy the 1.3% dividend. Look on the positive side, as price goes down, the dividend rate goes up!! If the price hits $5 the yield will be 2.4%!!
Does it roll on and on and on and on..............or............a correction of some sort sometime in the future???
Experts....weigh in....I am speechless.
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....weigh in....I am speechless.
