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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (54781)	1/15/2022 5:25:12 PM
From: robert b furman	Respond to of 69854

Hi E_K_S, I drive a 2006 with 83,000 miles and a 2012 with 91,000. Bought them both used a long time ago. My wife has a 2019 and takes very good care of it. She has worked her entire career and likes to have a newer and nice ride. I'm OK with that - it'll be my next ride after I get her a newer Denali. Since markets are so high, I'm going to sell the 2012 Z71 this spring. We have an inflation problem that I suspect is getting worse. I have morphed my tech holdings into cash and then have been into CVX, XOM, and KMI, I feel absolutely lucky I made the shift, as it has been an account rebalancing event. I know you have a big position in CVX. Recent price targets suggest 150 to 160? I'm wondering if that is doable. Somewhere around 140 0r 150 I'm going to sell some calls and scalp a bit of income. If it gets called, I'm sitting on a very respectable capital gain. It may well just be time to trim equities and sit on a pile of cash. Sooner or later cash becomes handy in this fiat world of bubbles. I'm not smart enough to know when, but I do believe it does regularly happen. Admittedly it is a tough balance. When your gut starts to think this greed can't go on much more, it is time to scale out and be balanced. It is time to raise some cash. I've been reinvesting my dividends, but unwinding my naked put sales. Counting on time decay to get me even. That has really already been wound down. I have some KMI puts that go till June and I'm out. Build cash with dividends and buy the dip if/when it happens. I'll get a itchy finger @ 20 % retrace. It'll be a 5% add and no more. I'm not confident our economy is as strong as has been touted about lately. The American public just can't resist buying things when they have money. The inflation we're getting from energy will suck a lot of people's savings dry. We're very far from "drill baby drill" mentality. What has happened is OPEC+ has regained pricing power. Every time they've had that, their greed doubles and triples the cost of gas. That economic reality has always led to an energy induced recession. I suspect the same event will reoccur. Hate to say that, but our government leadership has very much changed. It is extracting a price! Bob