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Bought FCX today. It's just too cheap to not add....copper will go up someday, I can wait. They're the low cost provider, have lowered their leverage, they can deal with low prices and most importantly...their ridiculous CEO has said he's not going to do any major acquisitions.
Bought EXPR after today's continued route. Definitely catching a falling knife here, but volumes are falling as they go down. We're talking a profitable group with almost no debt. They'll have flexibility to move as needed. Looking for a flip on sentiment, but it's a safe boat to be in if I have to wait.
Bought WLK - I get that there's some exposure to automotive....but I don't understand the gift of most of the chemicals industry. Anyway, these guys use a lot petroleum based resins, and oil is going down. Profitable. Took on a bit of debt for an expansion that actually made sense a couple years ago and has plenty of cash to handle it.
Decided to sell some covered calls on this position to generate some more weekly revenue:
Sold TQQQ 121418 $48 Covered calls @ $1.00.
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