Be on Guard to short HD

vanzandt said:
Granted, Carmax is not in the same category as BA, CAT, HD, 3M.... that being said... I have played this stock off and on many times over the last 15 years.... I have several posts on ET from way back when. This is stock is very tricky Haj. When everything screams it should go down, it goes up. I used to joke it was a money laundering operation. I agree with everything you say... but its gonna go up before it goes down near term assuming the VIX stays below 12. You can bank on it. $76 as I type.
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I agree with you 100%. Volume on KMX is dropping but some manipulators are trying to keep it up but I am patient and as it goes up, I sell weekly higher strike price naked call. I won't give up till it melts.
FYI: I am selling naked PUT 122 on GLD expiring today. I am also expecting CAT to drop hard soon (how soon? I don't know)
SBUX might be a good buy for a quick recovery but might be risky and might lock your cash for a while.
 
My account is like a big hardware store that has many items and I would prefer to sell everything today but I am not in a rush. I know every item will sell in its right time and I do not put a sale on the items ( do not cover with loss) and wait and double charge it to the right customer.
 
On GLD, I should say I sold GLD naked call 121 expiring this week when GLD was at 126 and now I am selling naked PUT 122 and if it goes against me, it will cancel itself with my naked 121 CALLs and if it stays above 122 by today, I have make another 12 cents per share. As I said my account is a big hardware store !!!
 
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