Hi Everyone,
Tomorrow is a short trading day with the Market closing at 2PM EST or 11:00AM in AZ. Sometimes holidays enhanced deals can be had as Market People have other things on their minds.
MRNY – Down at the moment because of a slow season and fears of RFK’s health department – is a vaccine hedge fund we have been discussing as a a long term hold. It pays next week (historically a great dividend), and today it dropped below $2.50/sh. Not only is it cheap but it has been as high as $22/ sh about 1 year ago and latest yield was 86%. When the vaccine season starts, MRNA the company MRNY is referenced to, could go up a lot dragging the MRNY option customers with it. So, between September and March we might see some great dividends as well as price appreciation. MRNY’s highest dividend was $2.65 on Jan. 5, 2024. If you want to get ahead of tomorrows market, most brokers offer extended and early hours for trading. Usually you have to sign a disclaimer to trade then but the secret is not to chase the sale, but to pick the cheapest price you think you might close with and stick to it – you will either get it or not. By being a little greedy I have often been surprised with extended market trades.
Also for next week as well as for long term are some good deals on the NVDA related but opposite hedge funds NVDY and DIPS which both usually pay great dividends and for price stability you probably should consider both at the same time.
Finally, considering the drive to improve Government Efficiency, PLTY (based on PLTR) might be worthy to pick as a long term asset.
Regards,
Clint