Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
SD51555
5 year old buck +
Never made money in them. Somehow, no matter what the price of their commodity, they don't go under when they're down, and they always lose money when they're high. I just hate mining stocks.
Angus 1895
5 year old buck +
I have had luck with NAK, IDR lately. Especially NAK
Telemark
5 year old buck +
What do you like about Valero? It's been dropping for a year.
Telemark
5 year old buck +
I just got some MAGS at 55. I went digging after you mentioned it, and a lot of PLTR customers are running Foundry on Azure, GCP, and AWS. A rising tide, and all that.
Damn, PLTR has just been bouncing around between 67 and 68$ for the last two hours.
Got a little more SOFI at 14.50$
BuckSutherland
5 year old buck +
I love Costco. It was the first stock I ever bought in my TD Ameritrade brokerage account. Nothing fancy, just slowly grinds higher over time. I have to buy 1 more share to hit 25. Its an expensive stock, but I don't know if I have ever seen a company with a more loyal customer base. About the only store I ever get excited to go to. The employees at Costco always seem pretty upbeat compared to other stores I go to. My membership ends up being free with the cash back. Would be a good time to do a stock split.
hunts_with_stick
5 year old buck +
love cosco, wish i bought more back in the day
BuckSutherland
5 year old buck +
^^^
Yep, my first 10 shares were at 328 in March of 2021. I had never even been to a Costco when I bought it. Just heard a few people I know rave about it. Never had a stressful day owning Costco.
Yep, my first 10 shares were at 328 in March of 2021. I had never even been to a Costco when I bought it. Just heard a few people I know rave about it. Never had a stressful day owning Costco.
SD51555
5 year old buck +
They're a solid monopoly company. Their earnings will ebb and flow with politics and war, but they have a lock on their market. High prices will return and it'll be good. Even if they do not, Valero is a cash juggernaut when you sell call options on it. If it's flat, I'm making north of 25% income on it. Appreciation is just icing on the cake.
Every week I pull down x dollars in option income, and I flip that into more shares of EPD. At some point, something else shows itself as a buy and I trade those shares for more of that something else.
This period has been a little slower on the income front because you don't want to sell calls too close to the market price because it can turn upward. Well they're all turning upward, and that puts pressure on being able to keep those shares. So for the moment, the options slow down in output, but you exchange option income for appreciation. You just hope they still expire and you don't end up losing the shares. If that happens, then you've got to chase it to get them back with puts instead, to avoid paying more to get them back. I lost them at $141 not so long ago and had to chase. I got them back at $138, and then rode the whole pile down to $120, but while it was going down, I was still getting paid option income every week.
For the last two months of 2024, I pulled down $2,041 on mostly a 300 share lot of VLO. Just sitting there, there'd be about a $4500 loss on share price, and that did in fact happen. But because I had them shares up on the pole (stripper reference) I pulled down that cash on those shares. In a two month period, I made 5.1% in cash, and when annualized, (multiply that by 6 two month periods in a year) I cleared 30.6% in income on those shares, and now they've also rebounded another $1500 off that low in share value.
SD51555
5 year old buck +
And I wasn't counting the dividend either. Throw in another 3.5% for dividends, and Valero is essentially paying a 34.1% dividend for the way I manage it. I'm not concerned with share price so long as it doesn't crater like a penny stock. Now the shares are rebounding and I've gotten a boat load of EPD (got option income off other stocks too) to show for it. If it weren't for LMT just nose diving, I'd be in high clover right now.
bwoods11
5 year old buck +
I think they have over 20 refineries? Very diversified, key locations . I’d have to look back but the earnings are solid . Dividend, around 4%
I’m in around $45-50 a share. I only add, won’t sell …
Howboutthemdawgs
5 year old buck +
The market should have observed Carter on Saturday. Even in death he’s screwing up prosperity
jsasker007
5 year old buck +
At least I can't lose any money today.
Telemark
5 year old buck +
Everything is still being traded. Costco popped about 18$ right after close yesterday.
jsasker007
5 year old buck +
Then I guess I can lose money today.
SD51555
5 year old buck +
Dive in and try it. You can't hurt anything selling calls. The worst outcome when selling calls is you sell at a given price, and the stock flies past your sell price. DJT would be a good one to practice on. I'm not saying DJT is a good stock, but it's a cheap stock and can get you in the game. You could buy 100 shares for $3500, sell the January 24th $40 call for $1.80. The other thing that could happen is the bottom falls out, but you don't have to sell calls to eat the loss of a stock price implosion.
My feelings are, if I'm going to own it, I might as well get paid while I wait to see what happens.
$1.80/$35.00 = 5.1% x 26 two week periods in a year = 134% cash generation rate per year.
Telemark
5 year old buck +
I'm fine going with Valero if you're willing to guide me through it. I can buy 100 shares tomorrow. I can even buy 300 shares if the stock is likely to go up. I'd like a strategy that will give me cash income. A 30% cash return is pretty sweet.
