2022-01-26
Another View of LQD
My puts on LQD gained 60 percent today, but I don't buy puts for sub-100 percent gains. Multibaggers only. That's a great looking double-bottom on the inverted chart.
Here is LQD unadjusted for dividends. Looks more like a head-and-shoulders pattern (2020 spikedown aside) that targets to around the $110 level.
Labels:
bonds,
interest rates,
LQD
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