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Pretty high. After the rally off the lows
Posted on: April 1, 2020 at 23:43:36 CT
scif MU
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...the last few days, I sold and sold yesterday, the 31st. That timing looks great today, as long as it goes lower for another day or two, when I'll be looking for support and reversal candlestick patterns.
Currently, I'm 20% gold (new position, as of yesterday) 10% bonds, 10% stocks, 60% cash. Oh, and I bought a few hundred shares of USO today at $4.24, sold calls a couple of weeks out at $4.50 and sold puts at $3.50. It seemed like a fun position to take. I thought the chart might be indicating a bottom, but if not, owning more shares at $3.50 wouldn't be bad. Oil can't go down forever, can it?
Currently, I'm 20% gold (new position, as of yesterday) 10% bonds, 10% stocks, 60% cash. Oh, and I bought a few hundred shares of USO today at $4.24, sold calls a couple of weeks out at $4.50 and sold puts at $3.50. It seemed like a fun position to take. I thought the chart might be indicating a bottom, but if not, owning more shares at $3.50 wouldn't be bad. Oil can't go down forever, can it?
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Pretty high. After the rally off the lows - scif MU - 4/1 23:43:36
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