Today’s trading was hectic and markets fell hard after FOMC meeting. The market is idicating nervousness and today’s price action – extended bearish candle may indicate the end of the trend. Almost all my stocks fell hard as well. I am not that concerned about it however, since I have been expecting correction since two Continue reading →
My MBI covered call trade was cleared this Saturday with a nice gain. This released some cash and I am looking for another opportunity to make some cash. I found 8×8 Inc. (EGHT) stock which seems to be a good candidate to deliver a profit. The stock recently corrected and is considered undervalued based on Continue reading →
Today’s trading is over and the markets added to their gains and added to their overbought pressure. Everybody is already talking about correction behind the door, but the market is still strong and marching up. Investors are still pouring new money, moving more cash to the stocks on every dip. It really is something which Continue reading →
I often browse the internet to find ideas about investing, trading stocks, options, investing opportunities and strategies. I like to read about investors and what their investing/trading approach to create income you can live on is. This week I found the following interesting posts: Dump Your Hedge Funds and Buy This Stock – Insider Continue reading →
Tomorrow will be the time to reap the profits, harvest the gains or count the loses. Since the day I decided to trade only covered calls and cash secured puts and buying dividend stocks my goal was not to lose a penny. As Warren Buffets says it. Easy said, difficult to do. I have a Continue reading →
This morning Armour Residential (ARR) opened 5% lower due to SPO. There may be many reasons for SPO but thoe one I have read on the internet would be financing new projects. With a book value at $6.73 this seems to be a good sign. It is also how REITs get their financing. They issue Continue reading →
Today news came up about a possible margin squeeze affecting restaurant chains. Higher commodity costs, frugal consumers, possibly a higher minimum wage could possible affect earnings of companies such as McDonald’s (MCD), Chipotle (CMG), Subway and Panera (PNRA). How serious this is? I hold MCD in my portfolio. It pays dividends and current yield is Continue reading →
Today I execute the trade on MBIA Inc (MBI) which i wrote about yesterday. I sold 1 put contract against this stock. What is the game plan? I will be selling puts against this stock, but trying to avoid assignemnt. If it however happens and I get assigned or won’t be able to roll the Continue reading →
After reviewing my current position with MBIA (MBI) I decided to take another trade with this stock. I already hold 100 shares of MBI and have a covered call written against this stock, see my previous trade here. This trade went bad originally and I was double guessing it whether it was a good joice Continue reading →
I bet you have heard about terms “bank on yourself” or “Infinite banking”. If not, let me briefly introduce you to this strategy. If you already know what this means, you can skip the following paragraph. What infinite banking is in a nut shell? The main goal is that you open a whole life insurance Continue reading →
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