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Non-Tech : Kirk's Market Thoughts
COHR 190.25+2.5%10:01 AM EST
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To: Return to Sender who wrote (16890)9/27/2023 10:18:55 PM
From: robert b furman1 Recommendation

Recommended By
rdkflorida2

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Hey RtS,

So good to hear from you!

I sold some puts and bought some stocks today too.

I actually spent much more buying a Treasury bill that pays 5.509% till August 30th 2024.

We're close to a nice reversal that should go right into expiration.

Market makers need to buy stock on a discount, and sell it at a markup. Options does that for them in spades.

That is what this recent decline is all about in my opinion.

I've been long stock only since 2003, and I'm for the first time enjoying getting a return on my savings.

It's actually fun to not have money at risk - other than high tax rates!

Hoping all is well with you and family.

Bob
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