The market is broken, panicked, reaching for dollars that which is a trap, knew nothing, and now not even thinking, just being bum-rushed into the abyss that awaits
Am game, and did this w/r to XOM Message 32603821
Bought shares at 36.05
Made promise to sell at 40 on or before May 15 2020, got paid 2.56
Under obligation to buy more at 35 between now and Jan 15 2021, got paid 6.75
36.05 - 2.56 - 6.75 = 26.74 per share, based on current dividend payout (3.48) would be 13% per annum. A gift. Even if cut in half, still friendly.
Given the high implied volatility might as well grope and grab in the darkened bar amidst panic and confusion.
Am pacing myself, because I sense we have real issues, even as XOM is of merit.
A lot of value in the broken market.
It would be nice if we can get fully invested by the time the market turns up, w/ healthy dividend yields, rising capital gains, and and and
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