MCD tanked impressively lately.
I had no clue why.
Then I checked the News, which I very rarely do.
There was one article that made absolutely no sense to me:
"Concerns about weight-loss drugs:
There are some concerns that the growing popularity of weight-loss drugs, such as Ozempic and Wegovy, could take away demand from food companies like McDonald's."
To me, this writer has inverse Logic.
Why?
Because if I would love the (crappy) MCD Food, and I could just take a Pill and loose weight, I would probably eat more at MCD.
However, I buy with both hands since MCD is a the Center-Line of this Pull-Back Fork, as soon I have some indication.
(Heads Up: Earnings ahead!)
And remember: You can buy, even when you sell (...hint: Puts). It's the Buffet way. If price close in the money at end of DTE, you got the Put's premium, AND the Stock for a way cheaper price. If price is closing out of the money after DTE, you keep the premium....double Whopper §8-)
Away for a healthy Burger at $MyOneKitchen.
I had no clue why.
Then I checked the News, which I very rarely do.
There was one article that made absolutely no sense to me:
"Concerns about weight-loss drugs:
There are some concerns that the growing popularity of weight-loss drugs, such as Ozempic and Wegovy, could take away demand from food companies like McDonald's."
To me, this writer has inverse Logic.
Why?
Because if I would love the (crappy) MCD Food, and I could just take a Pill and loose weight, I would probably eat more at MCD.
However, I buy with both hands since MCD is a the Center-Line of this Pull-Back Fork, as soon I have some indication.
(Heads Up: Earnings ahead!)
And remember: You can buy, even when you sell (...hint: Puts). It's the Buffet way. If price close in the money at end of DTE, you got the Put's premium, AND the Stock for a way cheaper price. If price is closing out of the money after DTE, you keep the premium....double Whopper §8-)
Away for a healthy Burger at $MyOneKitchen.
It's time to take at least partial profits. It's running on full steam and I doubt that this will continue. The Pull-Back to the Quarter line of the Pitchfork is my warning sign.
So, 75% of the Steak must go.