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Next Week Trading (Nov 30th)

 
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PostPosted: Fri Nov 30, 2018 1:36 pm    Post subject: Next Week Trading (Nov 30th) Reply with quote

Next Week Trading (Nov 30th):

I find the timing of the analystís downgrade today, from 11 to 7, suspicious, after the steady decline from 12 1/2 and bounce from 7 1/4, likely from rock bottom. It may be a ploy to accumulate shares at lower prices. GE debt is the biggest concern, followed by earnings. However, GE has valuable assets, including over $60 billion in cash and equivalents. And, has lots of time to pay down or pay off the debt, which has already begun. Moreover, it has 20% less shares, after the buyback before 2017. I may trade only GE calls next week. Short-term, GE is more likely to rise to 9 than make a new low.

My portfolio is over $295,000 including $163,200 in cash.

Calls Contracts-Shares Long

GE Dec 7 2018 200
GE Jan 8 2019 1,000
GE Jan 9 2019 1,000
GE Mar 9 2019 1,000
GE Mar 10 2019 1,000

Puts Contracts-Shares Short

None

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods.
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