I'll just avoid the haters. Usually got nothing to contribute but love to ridicule how people spend their money.
- Bought 50 shares of Gilead today @$79. If their remdesivir drug gets FDA approve, I'll sell.
- Bought some more 28 more shares of Abbott lab @$90. Its was all the money I had left in my Fidelity account.
Hey I also played GILD yesterday. Sold 4 put contracts with 2 days remaining at the 80 strike for a grand total of $429.31. They worthless now, but it was a real nail-biter for a minute there, like when GILD hit 78 mid-day! Earned in 2 days the rate of return the 30 year treasury bond pays in a year. Had I been assigned, I would have simply sold calls on Monday.
This is a little bit more advanced for me to what you're doing.
Like I stated in the beginning I'm just a newbie stock trader. Since I have some money to play with and much of the stocks are somewhat at a "discount", I figure I give it a try. I'll learn along the way.
- I wasn't very keen on Gilead. I knew they were working on remdesivir but I thought Abbott was more attractive and I bough those instead. A friend of mine was convinced that remdesivir was the "holy grail". I read the report and the results wasn't that convincing. On that Thur when GILD closed at $84 and he told me he bought like 300+ @84. He kept telling me it will blow up once the FDA approves it. I told him I'll buy some Friday if it drops. Sure enough on Friday it kept dropping, and I placed my order for 50@$79. He ended up buying 400+ more at 78.5.
So after the market closed the FDA partially approved it and it went to 82.5 off market. We thought it will shoot up some more by Monday. Monday came and it fizzled out. I guessed the $84 price was baked in already. I still have those stocks.
- I sold off my Chase stocks. It kept going down and I sold them off @91.1. Just before my buying point. Should have sold them off when it got past $98. Ah live and learn.
- So I hit the jackpot today. Call it LUCK or a stroke of genius, I'll take it.
I've been following Ameriprise AMP, for a while cause it was on a list I read with good dividends.
I read on Tues that their earnings was coming out Thur and it was suppose to be pretty good. Their stock on Tues was dipping so I said WTH, lets take a chance and bought 50@113. It ended the day below $111. Not good
Wed came it the stock kept dipping so I'm like WTH, I'm gonna hedge my bet. Bought another 50@109. It closed @107.26. WTF. I really hope that earning report is great like I've been reading. A bit nervous here.
8PM came along and I looked at the off-market, it shot up to $115.36. WTH ?? Ameriprise released their earnings. Their EPS beat the estimate by like 37%. WOW.
I told my friends that night I'm selling at $120 if it gets to that in the morning.
I wake up after the market opened. I got a text from a friend telling to SELL SELL SELL. I checked the price real quick, it went up past $123. I have to head out with my wife for some errands. I logged in and determined to SELL. I sold at market price which ended up being $124.98.
So from my 100 shares I ended making $1400 overnight.The stock actually went up past $130 today and my friend teased me about it but I'm not greedy. It closed @121.73.
- Still have 228 shares of ABT and I'll hold on to those for a while. I'm up about $1450 on those.
Newbie on a lucky streak. I'll take it.