7/30/2017 0 Comments
dividend investing xom 40%roi..not
lXOM, Exxon Mobile last week was one of our last minute tips. When the stock closed on Thursday, there was a clear as day stock tip that should have brought in a 40% ROI for Friday. But... I think the market making read my post and wanted to mess with me and my followers. For what ever reason the stock opened below my target point and never went up for the whole day. Check the link to XOM 's monthly chart and see for yourself https://finance.yahoo.com/quote/XOM?p=XOM ... ExxonMobil has gone below $80 only once all year, moving along sideways very nicely, so why all the sudden the drop below $80?
Let's put that aside for a second or two, Monday the stock was $79.80's all day. Tuesday, Wednesday and Thursday, XOM stays above $80, closing $80.87 Thursday. The option play we were looking at had a return of 40% for the day if the stock stayed above $80 come close Friday afternoon. But as you can see the stock never made it over the $80 mark for the day..... Oh well, we can't win them all. Good thing for us all our other tips for the week came in. Just not XOM.
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Just out of high school I decided to be self employed, after running a successful manufacturing business I had a problem of making more money than I knew what to do with. I started investing, after 23 years of investing I now want to share my strategy with a select few that want an extra edge in their own investing.
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