When The Markets Falter

Brand Name Turnarounds Gain Interest

Face it, folks, this overall market is grossly overvalued. That’s one of the reasons I use six and nine-month VIX calls as you never know when.

Boeing Missed

I’ve been an accumulator of Boeing (“BA”) for about a year. Remember, I’m usually an “early bird” when picking turnarounds. Such was the case here, but by putting “time on my side” with covered, naked, and long puts and calls, my overall largest position is up about 40% despite the stock price up only 10% from my initial entries. It takes time and effort to manage money. Rome wasn’t built in a day.

Boeing missed its 4th quarter earnings, but the new CEO’s words took center stage. The stock price is up, my naked puts are down, and I hold zero covered calls. No one knows how high this one is going to go, but for now, I’ll do what makes sense and sit on my hands and listen to what’s made public. When Boeing increases its revenues, it is going to go higher.

I saw Billy Joel in the 1970s when he performed at a piano bar. It was obvious the man was talented. I’ve seen him perform many times since. He’s a national hero in my book and one to remember. I’m a bottom-fisher. I’m usually early, but brand-name stocks are the best investments. I’m a long-term, boring investor, but over time, I’m usually right. Trust all is well in your life, and thanks for following me.