It's fairly obvious where the price resistance is going to be going forward. Question is how to protect your gains? If you are able - sell Calls; if not buy six month out PUTS. Basically, one could use the bottom of this recent shoulder and the Target area as a price range to trade around. Buy PUTS at the top of the range - take profits on Puts at the bottom of the range and use all profits to BUY more common shares.
Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Wednesday, December 17, 2008
MET Life...... Update
Doesn't this stock stuff look EZ?
It's fairly obvious where the price resistance is going to be going forward. Question is how to protect your gains? If you are able - sell Calls; if not buy six month out PUTS. Basically, one could use the bottom of this recent shoulder and the Target area as a price range to trade around. Buy PUTS at the top of the range - take profits on Puts at the bottom of the range and use all profits to BUY more common shares.
It's fairly obvious where the price resistance is going to be going forward. Question is how to protect your gains? If you are able - sell Calls; if not buy six month out PUTS. Basically, one could use the bottom of this recent shoulder and the Target area as a price range to trade around. Buy PUTS at the top of the range - take profits on Puts at the bottom of the range and use all profits to BUY more common shares.
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