i need some advice. I just bought a 1000 C @ 3.05/ shares, 3000 EGY @ 3.60
/share and 1000 ETFC @ 1.25/shares hoping to sell C on earnings news, EGY in a
couple of months and ETFC is my lottery ticket.
Am i doing the right thing here or should i sell immediately? I would appreciate
an answer from a professional
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I think your time horizon is unrealistic. Basically if I understand you
correctly, you bought C as a trade. Your catalyst is anticipated earnings.
That is a tough trade. I actually think C will be okay, but earnings may
already be baked into the price.
EGY is actually a decent value play in the oil
why r u buying all dollar stocks.they r all lottery tickets in my opinion.things
r still very shaky out there.
ETFC - received three upgrades in the last week with a 2.00 target; you may be
able to exit safely on a small bounce.
C - not good that it pierced 3.00; you may be able on a green day for the banks
to average down and get out (the banks are volatile and if the market which has
broken serious support continues down even fantabulous stocks will flow
down-look at big cap tech).
EGY - I think better safe than sorry and I would exit and come back in thirds
when the sector trends better.
Make sure you really look into these companies before you pull the trigger and
buy them. The strategies you outlined are fairly risky. These are classic
speculation trades. However, selling immediately will do very little for you
besides racking up trading costs. If you want to play earnings news, be sure
that the company you are betting on is fundamentally sound. I’d stick to your
strategy for these trades, but in the future be sure to do some homework and
think about more long term investing.
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