Pure gambling, but I’m gonna get 100 shares of NFLX at the close today. It’s trading near $76 right now, down $42 or 35% on the day. Pretty sick.
Also, looks like the banks are going to be in play over the next 6-18 months. I’ll be buying shares of Bank of America (BAC), Wells Fargo (WFC), and UYG (financials ETF) over the next few months. Gonna scale in, so that I won’t have to time the market. Looking to get about $20k of each. I probably won’t start buying until near Thanksgiving though. We’ll see.
Starbucks has been pummeling me…still. I added 100 shares of DGP (double gold). Here’s what I’m holding now:
- -750 SBUX at $32.88
- -400 BBY at $36.49
- 3 BBY Jan 2012 $40 puts at $9.00
- 5 SBUX Jan 2012 $45 puts at $9.30
- 350 SLV at $34.51
- 6 SLV Jan 2012 $30 Calls $6.99
- -1,500 UNG at $8.91
- -1,000 ETFC at $9.55
- -2,000 SIRI at $1.71
- 100 DGP at $52.46
Okay, I just bought 50 shares of NFLX at $76.78. I got chicken and only put $4k to work in this “gamble”. We’ll see how it goes. If I can make a thousand, I’ll be happy.
They call that trying to “catch a falling knife”…. hope you’re better at it than I am.
I am gambling, for sure.