I Billytickets am in the process of "launching" my first new business venture in over 9 years since my"retirement". This will cause a slight"strain" on my time and his blog is part of my "first step" . Many of our worldwide group of readers will"hopefully" profit FINANCIALLY from this new venture
Todays upgrade of Altria after 2 "fast Money" members Jeff Macke and Karen Finerman recommended it as the final trade is helping to establish a pattern
The stock rose on the open as many who bought it last week at 14.80-15 dollars quickly sold into the rally
With quadruple witching options expiration this week my guessis this stock will be "bought" around 15 and will be"run up" to the high 15s where the "traders" will again cash in.
I mean making 5% a few times in a week goes a long way in helping one's rate of return
The question is "if and when" that trading will stop
The minute you think you have the traders pattern "figured out" the stock "runs without you
Me personally Im just buying on the dips under 15.05 And IM going to hold on.
Todays ruling by the US supreme court that Altria can be sued in state courts in my opinion is just "symbolic".
Any judgment won in an individual state will JUST REDUCE the amount of the settlement that state will RECEIVE.
Do you really think a state appelate court will REDUCE their states share of the master settlement when reviewing the cases with EVERY state facing MASSIVE budget cuts?
Today's ruling just gives everyone a better entry price and has caused a short term dip
Long term this has no effect
MO is not a trading vehicle for me BUT is in my opinion the finest company in America
Many intelligent people have told me there is no growth ( while ignoring MASSIVE free cash flow which fuel BUYBACKS)
In the supposed "lost decade" of the 21st century My original purchase of Mo at 23 in January of 2000 which dropped aslow as 18 ( at which point I sold my car and bought more) was 40 6 months later
Today those shares equal 1 Mo 1 Pm and .7 Kraft shares and MAKE sure you add in all the DIVIDENDS that were paid over the past 9 years
Building a DIVIDEND MACHINE for retirement has never been more important since this years bear market
What if you were 64 and retired and needed to sell stocks for "income".You would have sold at the WORST time possible. Solution :Build your dividend mchine to "create an income" at retirement that is INDEPENDENT of a stocks price.This will 1) give you a certain income and 2) NEVER require you to HAVE TO sell your stocks at an inopportune time
Also the Goose that FUELS the DIVIDEND MACHINE will NEVER HAVE to be liquidated
Sound good?peace
Click Here!
Click Here!
Monday, December 15, 2008
Subscribe to:
Post Comments (Atom)
good luck with your new venture
ReplyDeleteThank you for your kind words. If this venture "works out" right thousands of the "readers" here worldwide will also profit financially as well
ReplyDeleteHi Billy,
ReplyDeleteYou said:
"With quadruple witching options expiration this week my guessis this stock will be "bought" around 15 and will be"run up" to the high 15s where the "traders" will again cash in."
Can you explain how this effects stock price?
Thanks
AK
Options expiration day usually causes volitality in stocks. Want to find out what fellow Buffett watcher Bill Freehling is thinking? Check him out at http://www.fredericksburg.com/blogs/bizbrowser
ReplyDeleteGood luck with your new blog.
ReplyDelete