Buy
high and sell higher. I have heard that
strategy attributed to Value Line evaluations.
We have a real time example of that strategy.
GLNG
Golar National Gas, symbol GLNG is not a stranger to
this blog or to my own portfolio. Today
was another opportunity. The stock was
down $1.47 to $58.95. Buy on this dip
and sell a September 20, 2014 $65 call for $3.00 and you have an income machine. Oh, and by the way, GLNG should pay you
their quarterly dividend of $.45 if you still hold it on about September 4,
2014.
GLNG Covered Call
I covered this stock before. Here are the links. http://www.themoneymadam.com/2014/06/in-down-market-look-for-covered-calls.html and http://www.themoneymadam.com/2014/03/two-high-risk-income-stocks-in-lng.html. Review these and you’ll see why this is an
example of buy high and sell higher.
Proceed with caution.
TheMoneyMadam
