Thread: Money Investing megathread extravaganza
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Old 05-10-2020, 08:58 PM   #4691
petegz28 petegz28 is offline
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Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $-845873
Quote:
Originally Posted by RubberSponge View Post
I am really down with a pigs go to slaughter approach on this through the year.

I don't see any real need to sell out. With the markets ability to rebound from COVID and NAIL being at over 90some in late Feb. all the way down to 6 in Mar. My greed can't help but let me think that it could be 60 in Oct.
Then I would be writing some calls and if anything buying some puts to lock in what profit you have. I have a feeling this rally is nothing more than a bear market rally at the moment. If we can cross the 200 day moving average on the SPY then I might change my mind and we are close but we haven't done it yet.
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