Buying the dip...
- Thread starter viruscore1
- Start date
Wanna see a real head scratcher....?
PG is at 52 week low.
Thats not how its supposed to work. It should be up.
That could be a bad sign.
In this market? Pfff... friggin millenials don't know what a bear is. They wouldn't know a bad sign if it hit em in the head.
... Campbell Soup is at a 52 week low too.
I mean maybe its a good sign... no one is fleeing to the safe-haven stocks. I mean they can be down a little, but they shouldn't be hitting 52 week lows. Especially Procter.
At a glance the fundamentals look good. Ex-dividend was 2 weeks ago. The analyst don't care for PG. I'll wait a few more weeks, maybe sell otm put expiry late march.
Ford is .20 cents above 52 week low. With a 5.62% annual dividend, I may go shopping...
Next to impossible to call bottom. I leg in by selling otm puts close to 52 week low on mega caps. Assignment is ok, they eventually reverse to mean.
Agreed, the bottom hunt is the game. I at times have done the exact otm put strategy, I just make sure I do not commit all my reserves to it, as "Eventually" is sometimes a lot longer than I planned .
I only short otm puts on stocks i already own and would like to buy more at 52 week low.