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Re: LakeshoreLeo1953 post# 299963

Monday, 02/22/2021 11:06:05 AM

Monday, February 22, 2021 11:06:05 AM

Post# of 461197
That is dead on, on all points.
Peet's whole bean is definitely my choice in coffee as well. I would be honored to have a cup with you some day.
As far as flipping for Alpha I have learned to invest in leveraged ETNs and let the professionals at Credit Suisse do the flipping for me. That way I can enjoy my Peet's and market returns with little stress.
Market talking heads say Gold and Silver do not generate income. They are the ones that need an education.
There was a time that I used covered calls in AVXL to collect extra juice on the stock. As a said before this recent rise I thought that time has passed due to Congessional stimulus and the resulting rolling short squeezes in the market.
It is said that in later stages of a bull market "the market climbs a wall of worry" I believe what could happen is the market climbs higher on the short interest "insurance premiums" paid by hedge funds by the classic short hedge for the goal of wealth preservation of the clients.
So for a market top would need capitulation of those short positions just as a market bottom needs capitulation of a lot of long positions.
Short interest in XBI and IBB are currently astoundingly high as they climb higher and higher. As for the whole market Berkshire Hathaway currently has extremely high short interest, so I expect the market to keep climbing that "wall of worry." Therefore I believe the bull market in biotech like AVXL and many others will continue for some time.
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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