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Post by illinoisfisherman on Aug 5, 2024 21:44:07 GMT -5
I have a friend that has been buying and selling Cisco for many years. He swears something or someone is manipulating the stock. He buys when it goes down and sells when it goes up.
Too difficult for me. Dirt and sticks and bricks are all that I know
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Post by toldya on Aug 5, 2024 21:45:23 GMT -5
I never got interested in stocks either. Whatever your stocks are " worth " can you sell them at today's worth and is there always a buyer if you did ? Worth is the value of a willing buyer and seller, at a given point in time. Picking "value", reading a balance sheet, and having intuition is learned. Any other distinct intricacies are learned. So, is there always a buyer available ? If you have X amount of value today in your stocks, is there always a buyer if you would want to cash out ?
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Post by whitebacon on Aug 5, 2024 21:49:04 GMT -5
I have a friend that has been buying and selling Cisco for many years. He swears something or someone is manipulating the stock. He buys when it goes down and sells when it goes up. Too difficult for me. Dirt and sticks and bricks are all that I know Let me put in another way. When I first recognized the opportunity, spreads on call options, were $2. That said, you could flip, CSCO twice a month, and pocket $2000, for doing nothing, basically, if you knew what you were doing. Try finding a trade like that today. Selling out of the money covered calls.
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Post by whitebacon on Aug 5, 2024 21:51:53 GMT -5
I have a friend that has been buying and selling Cisco for many years. He swears something or someone is manipulating the stock. He buys when it goes down and sells when it goes up. Too difficult for me. Dirt and sticks and bricks are all that I know I'm from construction, like you. Call your nephew, David, in the future. I will have your back to steer clear of shit you don't understand. I say that with love, and respect.
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Post by whitebacon on Aug 5, 2024 21:54:25 GMT -5
Worth is the value of a willing buyer and seller, at a given point in time. Picking "value", reading a balance sheet, and having intuition is learned. Any other distinct intricacies are learned. So, is there always a buyer available ? If you have X amount of value today in your stocks, is there always a buyer if you would want to cash out ? No. Not guranteed. But, if you own quality, there is always a buyer.
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Post by tonyroma on Aug 5, 2024 22:04:52 GMT -5
I have a friend that has been buying and selling Cisco for many years. He swears something or someone is manipulating the stock. He buys when it goes down and sells when it goes up. Too difficult for me. Dirt and sticks and bricks are all that I know Seems the dirt and sticks and bricks have treated you well.
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Post by illinoisfisherman on Aug 5, 2024 22:21:20 GMT -5
I have a friend that has been buying and selling Cisco for many years. He swears something or someone is manipulating the stock. He buys when it goes down and sells when it goes up. Too difficult for me. Dirt and sticks and bricks are all that I know I'm from construction, like you. Call your nephew, David, in the future. I will have your back to steer clear of shit you don't understand. I say that with love, and respect. Thank you. I really appreciate that
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Post by olmucky on Aug 6, 2024 8:17:50 GMT -5
Why dont you stop? The conversation was between me and walkerdog. It appears differently based on quote pattern
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Post by ferris1248 on Aug 6, 2024 8:30:18 GMT -5
Why dont you stop? The conversation was between me and walkerdog. It appears differently based on quote pattern OK
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Post by cadman on Aug 6, 2024 8:54:04 GMT -5
I think I cleaned up most of the political stuff. Please keep politics out of this conversation.
Thank you.
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Post by madm002 on Aug 6, 2024 8:55:02 GMT -5
I have a friend that has been buying and selling Cisco for many years. He swears something or someone is manipulating the stock. He buys when it goes down and sells when it goes up. Too difficult for me. Dirt and sticks and bricks are all that I know Let me put in another way. When I first recognized the opportunity, spreads on call options, were $2. That said, you could flip, CSCO twice a month, and pocket $2000, for doing nothing, basically, if you knew what you were doing. Try finding a trade like that today. Selling out of the money covered calls. Writing covered calls can be a little trickier than it seems. You can write a in the money covered call and you get a day like the last two days where the underlaying stock gets hammered and your loss on the underlaying stock more that wipes out your gain on the option. Just happened to me, and I was stupid and did not put a stop loss order on the stock. I learned.
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Post by ferris1248 on Aug 6, 2024 9:05:58 GMT -5
Live and learn. I bet you won't do it again. Hopefully it didn't crunch you too bad.
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Post by johngalt on Aug 6, 2024 9:38:52 GMT -5
I think I cleaned up most of the political stuff. Please keep politics out of this conversation. Thank you. Politics doesn’t affect stocks. Interesting. I will have to remember that. 🤔🤔🤔
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Post by madm002 on Aug 6, 2024 10:05:10 GMT -5
Live and learn. I bet you won't do it again. Hopefully it didn't crunch you too bad. Stings a little. Just keep writing more calls and waiting for the stock to recover.
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Post by toldya on Aug 6, 2024 10:35:36 GMT -5
I didn't get any posts removed. That's cause I know the rules and don't like to be hollered at.
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