- Thread starter
- #321
Grant 302
basic and well known psychic
...and in the green a few minutes ago.
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
They'll fuel the rise as they get squeezed.Just a decade or so off the mark but who wouldn't like to see it? Some shorts?
Now, I could really use a near term setback in LRCX Lam Research stock! Going to jump ship back to them and getting a nice chunk of RSU's (Restricted Stock Units). I'm taking a siesta from manufacturing engineering and going to try my hand at being a Sr Staff Program Manager.
I re-read my offer letter and the RSU's are established using the average of the previous 30 closing prices for LRCX. Need more days like today! Not sure when they actually put a stake in the ground for the pricing though. I think it has to be done at a board meeting or something like that.
I think the pullback might *finally* be done with yesterday's bounce. Might need a bit of time to consolidate near this level before moving higher. Although possible, I don't think it needs to re-test the mid-24k range again. I'm pretty well covered between here and that level. I'd like to see about 26.6k for the next leg up.
Be careful what you wish for! I'd rather see constructive price action from here. That little dip looks good to me, but not gonna help you much for a 30-day average. Too much of a dip and that would indicate downward momentum to continue. JMO.
I finally paid off my 401k loan I took out 4 years ago to help buy my first house. Feels good to have that money back in my 401k.
In all honesty, I think downward momentum to continue would be beneficial in my particular situation. My time horizon is 3 years to have a chunk of change ready to either buy the 4 acre lot next door and build a shop on it, or sell the house and buy one with a shop. In the interim I'll be buying a fair amount of LRCX in the employee stock purchase program. Do you agree that a year or so of downward momentum would be good in my case? Or am I just dreaming? Cause I like to dream.
Looks like Boeing can't hold us back!
I'd be careful doing anything like that without using some sort of hedge. Many don't understand that shorting carries *infinite* risk...or what a margin call is. And for those that do understand what those risks are...most don't know how to cap that risk. There are better ways to 'play' for the downside.I dont or atleast havent played the short game yet, but Boeing would be on my hit list. Ill be looking to start a long position after an additional 10-15% sell off in the coming 2-3 months.
Expecting a bit more consolidation at these levels for the DOW before it'll move again. Loading up on spread positions to look for a breakout. I'm thinking in the 2-6 week range. Tomorrow or end of March would be great.