What do you think about ETFC?

I'm long ETFC. My sentiment is short term neutral but long term bullish. I want to get paid to hold it by doing CC but I'm concerned that it may break out on news like the BAC / CFC rumor. What's the best way to play this? Sell DOTM leaps or keep selling front month OTM CC every month? Thanks!
 
i did wait until after this month to sell covered calls. 1/24 is earning report and a few days later fed rate meeting. The money you make from 1 month cc isnt enough in my opinion to miss the chance of a pop.

After this month, things should stabilize somewhat, then you can look a good entry to sell.
 
Quote from busajimmy:

I'm long ETFC also, todays increase looks promising. any thoughts on when to sell???
More...


didnt you say that you bough them for 3.44? For you the time to sell is now since you had a terribly timed entry and luckily get your money back now. Take the small profit and consider the lesson. Hold only if you would also buy right now and I doubt you would.
 
You're right I was at 3.44 and I wouldn't buy now, but I did buy my average down to 3.12 a share...I'm in ETFC for the long. I see them hitting at least 4.25, I see a recovery on the rise...anyone else?
 
long term bullish

short term unclear, largely depends on the fed rate cut next week.


If you are a short term trader, should sold when it was at 4 AH, If you are a long term investor, i would hold for a while.
 
agreed. I missed the AH...this is not my full time job as my past posts obviously reflect. I'm learning, so I appreciate all the help.

I've been trading about 2-3 months, so far I've done really well.
It's definately a psychological workout! Especially ETFC!!!
DO I take the money??? DEAL or no DEAL???

thanks
 
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