In light of today’s market, we intend to make the following new “emergency” moves on Thursday with the $10,000 Portfolio.
Cancel…
The order to Sell (write) one (covered) Planet Labs ($PL) Dec 18th call at $0.80 or better. I never gave you the strike price (which was $15) anyway.
New Orders
First
– Sell 110 shares of PL at or close to the last sale of $11.30 (we need the cash).
Then
– Purchase 25 shares of SoFi Technologies ($SOFI) at or close to the last sale of $15.80. – Purchase 6 shares of Rocket Lab ($RKLB) at or close to the last sale of $46.10.
At the time of publication, Guilfoyle was long PL, SOFI and RKLB.
Stephen "Sarge" Guilfoyle is the founder and President of Sarge986 LLC, a family run trading operation. An NYSE floor trader for over 30 years, Guilfoyle has served as the Chief Market Economist for Stuart Frankel & Co., the U.S. Economist for Meridian Equity Partners, and as a Vice President in Block Trading and Investment Banking with Credit Suisse over the years. Guilfoyle earned his nickname “Sarge” while serving as an actual sergeant in reserve components of the U.S. Marine Corps, and U.S. Army while simultaneously working on Wall Street.
He self-identifies as a day trader, long-term investor, and anything in between. He believes in removing the emotion out of the decision-making process and trusting the data. Look to Guilfoyle to prepare you for the trading day with his popular early morning Market Recon newsletter on TheStreet Pro, which provides a mix of fundamentals, technical analysis, economic commentary and trading ideas.
