My Lions.. there seems to be a ‘bearish sentiment” lately and THAT makes me BULLISH.. I just cannot help myself why? Because the crowd is always wrong. So with that said, I believe we remain in the right spots..
Forgot to mention, also down on JNJ. One other thing I'd love to hear you discuss Greg, is when/if to average down on some of our long call positions. Do you continue to add at a certain point if the positions go against you and at what percentage? 50% down? more? or is it your philosophy that you should never average down on a loser, and try to make up for the loss on another position that will hopefully be a winner? Some guidance on how to manage these positions once we are in them would be much appreciated!
Made some profits on the GLD call, but getting totally killed on all the other calls: COST, HD, WMT. I also still have some MRK. Some of those we have been in awhile and they have just been going steadily down even when the market was going up but now the market seems to have switched direction and they remain weak. COST HD and WMT are stocks that seem like they could benefit from COVID but they just keep getting pounded. HD was the newest add for me, but it got hard, since we added it right before this big sell off. Wondering at what point you decide to hedge, Greg? And how you do hedge if you make that decision?
Forgot to mention, also down on JNJ. One other thing I'd love to hear you discuss Greg, is when/if to average down on some of our long call positions. Do you continue to add at a certain point if the positions go against you and at what percentage? 50% down? more? or is it your philosophy that you should never average down on a loser, and try to make up for the loss on another position that will hopefully be a winner? Some guidance on how to manage these positions once we are in them would be much appreciated!
Made some profits on the GLD call, but getting totally killed on all the other calls: COST, HD, WMT. I also still have some MRK. Some of those we have been in awhile and they have just been going steadily down even when the market was going up but now the market seems to have switched direction and they remain weak. COST HD and WMT are stocks that seem like they could benefit from COVID but they just keep getting pounded. HD was the newest add for me, but it got hard, since we added it right before this big sell off. Wondering at what point you decide to hedge, Greg? And how you do hedge if you make that decision?