This name came up from my dowsing. I usually don't know these names, fyi.
This one pays it's dividend tomorrow, so it will likely be down, right? I think that's how these things work. So, I'm thinking to sell puts into it, and if put the shares, great! Unfortunately, no one trades options on this though, and buying shares is probably best.
I don't want to see it close under $34.64. That's a symmetry support and there's another at $34.72.
So, technically it's got that "bottomy" look going on. That's a technical term, right? (You know a bottom pattern.)
If COLB can make a steady move up to test (or overcome) the prior ATH, and you get 3% that would be bonus. I have the suggestion this can occur in the next 3-4 months. That's what I get.
This one pays it's dividend tomorrow, so it will likely be down, right? I think that's how these things work. So, I'm thinking to sell puts into it, and if put the shares, great! Unfortunately, no one trades options on this though, and buying shares is probably best.
I don't want to see it close under $34.64. That's a symmetry support and there's another at $34.72.
So, technically it's got that "bottomy" look going on. That's a technical term, right? (You know a bottom pattern.)
If COLB can make a steady move up to test (or overcome) the prior ATH, and you get 3% that would be bonus. I have the suggestion this can occur in the next 3-4 months. That's what I get.
Comment:
Yuck. Maybe today is the start of the move. It's interesting that it's in the financial sector. That may be what the guidance is with this one and Citi as well as the pick of Financials through the rest of the year.