Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (6434)	12/16/2018 12:39:41 PM
From: Fintas	1 Recommendation Recommended By toccodolce Read Replies (1) \| Respond to of 26929

On the first post you put up you are incorrect. No I answered honestly. You did not understand it or were unaware of the details. I am. TOO many see me run strings/mention numbers and do not understand while I have a thought process that doesn't mean I've done this or that. WHEN I do something and when I can state such. I'll say so. After all I stated I sold JPM in the 60's a few years ago and for those who keep track I was VERY EARLY. I gave away 50 ish points. THAT is honesty to acknowledge one left some 250% on the table which you are correct there is always a risk you can't get in or do not get bacj in. I chose to NOT get in at the 52 which was STILL over 100% up. However I chose to do so and went else where. I was looking for the 44 re JPM to shift to the leaps and the 60 which would have been one heck of a score. Unfortunately I oopsed. However anyone who took JPM off it's lows did very well even in the 60's. Here and now I expect JPM to drop to the 80's. And why I am bewildered by Buffets early entry of some 5 B. He must have another reason other than to buy VALUE. So, Yes I am mostly in cash. I don't sweat the sitting and waiting. Tis better than taking a serious hit and waiting. I do hold a few long term core that I hold due to they are very predictable and I also understand they will continue up and I won't be chasing in what I consider to be market where one needs to be careful buying. I do flip in and out of NUGT.. Ditto SOXS and SDOW SOXS. I'm on record re what I for each of those sectors and I play accordingly with a very good understanding of the ETF's and their history. OR I'm not expecting 177 for Nugt but I am expecting 1620/1782/1944 for GOLD in x time and higher over y time. I'll only buy a stock or sector I understand. At this moment and probably if I buy it will be with calls. I am known to take 1000c-10k c when I do. I'm looking for that pop. I did that successfully with BAC/GE/MSFT a few times. I did it successfully to the downside via deeps with CAT twice. While holding the core as long stated. I'm an open book when I can be but let's keep it real. If I'm considering building to 1000c up to 10k c I'm not going to signal such and that would apply to writing when I expect downside. Ya know. hey I see CAT dropping to 70 from 115 and I'm.. OH wait I did put that up. Unfortunately some thought me nuts. HMM they thought the same re GOLD to 1174 which I called as a safe target. Time has proven that to be a very objective call. Until.. Let me know when GE hits 1 WINK. And of course IMHO ADDENDUM and for clarity. I read that post in full and I realize you are not aware I OWNED GE long term core with a 9.11 cost basis. That 20 was just a small bite last year. As in SMALL. Yup the devil Is in the details. As for selling covered calls. I don't know about DA and GE but I do know we disagreed re CAT as I had a 70 from the 115 and he only saw the 95. If I remember I was asked if I was serious. HMM YUP. It not only dropped that hard once but TWICE. CAT was predictable to the down UNTIL this year when I could see it was WAY ahead of itself and now we see why? Has CAT seen it's bottom. Doubt such. Fintas