Buying the dip...

Discussion in 'Trading' started by lylec305, Feb 2, 2018.

  1. lylec305

    lylec305

  2. vanzandt

    vanzandt

  3. truetype

    truetype

    On big down days, everyone sees 'bad signs.'
     
    cvds16 likes this.
  4. vanzandt

    vanzandt

    In this market? Pfff... friggin millenials don't know what a bear is. They wouldn't know a bad sign if it hit em in the head.
    ... Campbell Soup is at a 52 week low too.
    I mean maybe its a good sign... no one is fleeing to the safe-haven stocks. I mean they can be down a little, but they shouldn't be hitting 52 week lows. Especially Procter.
     
    BONECRUSHER, johnnyrock and comagnum like this.
  5. lylec305

    lylec305

    At a glance the fundamentals look good. Ex-dividend was 2 weeks ago. The analyst don't care for PG. I'll wait a few more weeks, maybe sell otm put expiry late march.
    20180202Quote.jpg
     
  6. lylec305

    lylec305

    Ford is .20 cents above 52 week low. With a 5.62% annual dividend, I may go shopping...
     
  7. R123

    R123

    I always buy the dip. The question is where is the bottom of the dip ?
     
    truetype and lylec305 like this.
  8. lylec305

    lylec305

    Next to impossible to call bottom. I leg in by selling otm puts close to 52 week low on mega caps. Assignment is ok, they eventually reverse to mean.
     
  9. R123

    R123

    Agreed, the bottom hunt is the game. I at times have done the exact otm put strategy, I just make sure I do not commit all my reserves to it, as "Eventually" is sometimes a lot longer than I planned .
     
  10. lylec305

    lylec305

    I only short otm puts on stocks i already own and would like to buy more at 52 week low.
     
    #10     Feb 2, 2018
    DTB2 and vanzandt like this.