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Strategies & Market Trends : Point and Figure Charting
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toccodolce
To: Investor2 who wrote (31618)5/13/2019 9:58:37 AM
From: Fintas1 Recommendation  Read Replies (1) of 34824
 
I'm still trying to dial this one in.

As you should know Buffet took 5 B ish in the 105 range. So LONG TERM he's expecting higher that meets his desire re % and considers divi.

And ya know he would come in lower if he got the chance. He likes Jamie D and his view is when ya get a chance to buy a 60 dollar steak for 30 then it's ok by him

I've a bunch of numbers I consider to the down. I'd like to see 81.

To the flip side JPM has yet to hit the 125 I saw long ago and above that 165.

But would I buy it at 110 for that % upside. Nah. Keep in mind it's not going to 165 over night. Given what's going on it will take some time.

Would I buy it on a hit down to play that same upside with a call that was priced correctly and had the time?

Ex it hits 81 and I could grap the 100 for 1 for the 115.

OH YEAH. JPM has OOOMPH when it comes to over sold and then UP.

As for taxes. Good for you and the long term cap gains. I had them as well back a bit and 5 year for JPM which is why I sold it.. I sold it knowing it could go up to where you saw it but HOPING it would drop to the 44 for the leap play. Didn't work out for me. Oh well. Yet it did for any who came in at 52-55 and took the 70-80 call leaps. Youser.

And I don't know your cost basis, skill level or risk level or profile but some stocks are great money makers with covered calls.

GOOD LUCK.

IMO

FINTAS
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