Featured Post

Time to Lock In Higher Long Term Interest Rates

As I prepare our 2025 Federal Tax return, I decided to compare what we earned in taxable interest in 2021 with 2024 on those tax returns.   ...

Tuesday, February 02, 2021

Regretting Buying Bubble Stocks

The bubble is ending and I caused it :-)  I bought GME, AMC, BB, KOSS and NOK.   I already owned EXPR and SKT.   Already down today on most purchases, around 25-50% in just a day.

The silver lining is I only put in a little money, so it won't cost too much for getting "educated." 

Disclosure:  I own shares of GME, AMC, BB, KOSS, NOK, EXPR and SKT.  I am long SKT calls and short/covered AMC and EXPR calls at time of posting.

Update:  The stocks have recovered some.   I closed out the AMC covered call for a profit, since AMC was down so much.

For more on  Ideas You Can Use, check back Tuesdays for a new segment.

This is not financial advice. Please consult a professional advisor.

Copyright © 2021 Achievement Catalyst, LLC

No comments: