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Non-Tech : Kirk's Market Thoughts
COHR 185.83+5.8%Dec 19 9:30 AM EST
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Jerome
Kirk ©
From: Fintas4/16/2018 12:58:21 PM
2 Recommendations   of 26801
 
Since you ask. I was selling GE in the year 2016 in the 30's and long before GE slumped in 2017.

I took a canary bite to establish a marker in late 2017 which I posted. I sold covered calls against such. I've closed since. I'll do it again on an expected 30-50% bump.

I ran numbers from the high that considered as low as 9.72 back a bit. I.e counting from 29.16.. 24.30/19.44/14.58 with the outside shot of 9.72 and on the way there.. 11.34/12.96.. 13.50

I also threw out 20% down from the bounce at 19.44 or 20% down from 16.25 which has been hit.

While considering ranges I did a boiler plate I.E. GE is a large cap and can be pushed to an excess in either direction. That means I would not be surprised to see 11.34 or 9.72. I'm just not betting my life on it. IF so I'll exploit!

I've shown many a chart to show the possibility of strings down whether the 4.86 VB/ 1.62 and supported by the RSI PNF.

I've recently provided charts to consider the UP.

I hope they take it to a dollar. WINK

I know they won't.

I hope to be fully positioned this year and then just sit on it. While doing so selling covered calls when applicable and buying Calls when applicable.

I don't need a poll cuz I'm going to do what I'm going to do as I did in the past with BAC/CAT/MSFT. I.E ignore the opinions of others. NOTE CAT/MSFT/BAC were sold into their highs.


Back to GE. BY the time I am done I expect to own 3-5X the size of the position I had in the past. Good luck with what you decide to do or not do.

Fintas

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