I remember the first time I bought something froma Kiosk in the mall (remember those) and the vendor had me run my card through a little Square dongle connected to their cell phone. I thought, "Well, my credit card information is going straight to 4 chan."
Then I though, "Cool, no need to call Verizon to set up a T1 to get a connection to process credit cards." I figured for sure it was a great invention, and had no competition.
When the stock first came out, it was in the 9 to 12 dollar range for ever. Once the options came available, I kept selling Iron Condors and call spreads. Kept getting taken out on the upside, so I just switched to selling at the money puts, which worked well. (No position currently).
This stock reminds me of one of the ones that Phil Town would talk about in his book, "Rule #1 Investing," a great book for investors.
Could have just saved myself a ton of grief and bet the farm on long out of the money calls! Who says buy and hold is dead?!?!
Then I though, "Cool, no need to call Verizon to set up a T1 to get a connection to process credit cards." I figured for sure it was a great invention, and had no competition.
When the stock first came out, it was in the 9 to 12 dollar range for ever. Once the options came available, I kept selling Iron Condors and call spreads. Kept getting taken out on the upside, so I just switched to selling at the money puts, which worked well. (No position currently).
This stock reminds me of one of the ones that Phil Town would talk about in his book, "Rule #1 Investing," a great book for investors.
Could have just saved myself a ton of grief and bet the farm on long out of the money calls! Who says buy and hold is dead?!?!