MARKETS,Anybody even yet?

[olds442jetaway]

I will get sqqq if there are a couple more big or even steady up days followed by a big crunch down. It worked a week or so ago. But since it may not hit 52 for a little bit, I placed the order at GTC. No fee with Fidelity even on limit orders. Ideally, the market will tank again after a quick upside and I will be able to pick up both sqqq and Pru, then sell both in short order. No guarantees in this crazy market. My best gainer percentage wise was BGS over 3 percent today. They have 71 consecutive quarterly dividends and the current rate is in the 8% range. I also plan on adding to it on the next dip to the 21 or 21 1/2 range

[olds442jetaway]

We have a much bigger problem in this country to solve which will not be in my lifetime if ever. 57% or more of US households are paying no federal income tax and 64% are living paycheck to paycheck.

[FAA]

Retailers should sink market today, regardless of when their news hits. I’m pretty much locked into MSFT and anticipate an eventual return to $300 and a small profit.

[dinghy]

Ideally, the market will tank again after a quick upside and I will be able to pick up both sqqq and Pru, then sell both in short order.

That's where I'm getting lost. SQQQ and PRU run opposite (roughly). So you'll pick up one or the other, but not both. When SQQQ hits 52, PRU will be 105 or so. Eventually you should get filled on the SQQQ because it tends to degrade over time and the GTC order remains for 180 days.

57% or more of US households are paying no federal income tax

It's a good start. Should be 100%.

I’m pretty much locked into MSFT and anticipate an eventual return to $300 and a small profit.

I have no clue. It's had three phases of performance. First 15 years were huge. Then from 2000 to 2009, it dropped 70%. Finally since 2009, it's been huge again -- about 2000%+.

But companies don't always remain dominant, especially in tech. CSCO was THE stock to own in the late 1990s. But if you bought at the top in 2000, you're still down. UIS Unisys gained more than 500% in the late 1990s. Since then, it's down 98%.

[olds442jetaway]

Will most likely be getting out of one with a orofit snd picking up the other and wait. I expect to get Pru in the next few days as it will go lower after x div which i think is today. Nice div i will miss if 1.20 on pru, but I will lose a chunk of that to income tax. I would rather miss the div and pick up the stock cheaper. Its already below 100. 97 or so and I’m in. Sqqq will have to wait a bit for the next dead cat bounce.

[FAA]

CSCO was THE stock to own in the late 1990s. But if you bought in 2000, you're still down.
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But if you bought in 2017, you're +39%! That was the time. MSFT -$700 since March. I'll give it a year. Today was okay. I only lost half of yesterday's gains.

[advantage playe]

Will most likely be getting out of one with a orofit snd picking up the other and wait. I expect to get Pru in the next few days as it will go lower after x div which i think is today. Nice div i will miss if 1.20 on pru, but I will lose a chunk of that to income tax. I would rather miss the div and pick up the stock cheaper. Its already below 100. 97 or so and I’m in. Sqqq will have to wait a bit for the next dead cat bounce.

You could write slightly out of the money covered calls and basicly make your own divadends ! there r some drawbacks but can be quite lucrative ! study before u jump though .

[olds442jetaway]

Thanks researched those about 20 years ago, but never got involved. Sounds like I have a little homework to do to catch up on things.

[dinghy]

You could write slightly out of the money covered calls and basicly make your own divadends ! there r some drawbacks but can be quite lucrative !

Tell us about the drawbacks please because I rarely see them mentioned.

[olds442jetaway]

Covered calls limit your profit and also your losses but does not eliminate your losses. You can read more on covered callbasics.com and other similar sites