Hi Daniel!
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Hi Daniel!
You can make more money trading options than trading penny stocks and with less risk.
BTW, if y'all treat me well, I will show you how to bulletproof your investments with options with less risk than trading SIRI (not SIRI though... SIRI is a lost cause for a while).
Let me give you an example:
Say you have $5,000.00. You can buy 15,100 shares of SIRI @ .33 and wait for it to go to .39 in the next week or 2 weeks ? right ? that is $900 in profit. Can you do that consistently ? buy at the low, sell at the high ? If you can, you have to to show us how you do it !!! Still, $1800 in a month risking $5,000.00... Let say the stock tanks and it goes to .27... Now you lose $900, right ? And then what, wait until it comes back up to break even ? Like y'all been waiting for months ? What if it continues tanking ?... Anyway...
What if instead of doing that you did the following:
Sell the May 2009 $5.00 DNDN option put for $2.25. You sell 10 contracts:
10 x 100 x 2.25 = $2,250.00 credited immediately to your account (more than the $1800 you made with SIRI). And this is what is called a covered put write because you have $5,000.00 in your account
DNDN is trading for about $6.30. To get assigned, DNDN has to go down to or below $5.00 by the 3rd Friday in May. You will then be put 1000 shares so your total out of pocket will be $5,000.00.
Do y'all know what your per share cost is ? Is NOT $5.00... It is $5.00 -$2.25 = $2.75. This means that EVEN if the pps is $3.00 (which I doubt) you will be ahead.
Anyway, that is one way of making $$$ with options but once you are the owner you do not have to sell the shares. You can generate income by selling the $5.00 or the $7.50 calls. Even better, you can bulletproof your shares...I can show you all how...
See ? We are not evil, we just like to make money in a less risky way...An yes we sometimes manipulate stuff, to get what we want...
Options are wasting assets, be careful how you trade them...
Apr 08, 2009 (M2 PRESSWIRE via COMTEX) -- VTR | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for April 7, 2009.
Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This "fair market making" requirement is designed to prevent market makers from manipulating stock prices.
On Tuesday there were 3,034 companies with "abnormal" market making 1,715 companies with positive Friction Factors and 4,390 companies with negative Friction Factors.
Here is a list of the top 6 companies with the highest net sell volume on Tuesday and lowest negative price Friction (bearish). This means that there was more selling than buying in the stocks and their stock prices dropped faster with less Friction.
Las Vegas Sands (NYSE: LVS),
SIRIUS XM Radio (NASDAQ: SIRI),
Oracle (NASDAQ: ORCL),
Cell Therapuetics (NASDAQ: CTIC),
Ventas (NYSE: VTR | Quote | Chart | News | PowerRating) and
MGM Mirage (NYSE: MGM).
To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net.
Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have low price friction combined with more selling than buying (negative Net Volume) in their stocks. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.
For example, the chart above shows SIRI down -$0.02 with a Friction Factor of -2,918,578 and a Net Volume of -4,669,725. That means that it takes 2,918,578 more shares of selling than buying to drop SIRI by one penny. On Tuesday the Market Makers allowed the stock to move down on heavier selling than buying (low negative friction).
http://www.buyins.com/ff/ffnvdn4-7-09.jp...
Siriusowner, I don't really trade penny stocks. I've owned sirius since 2004, don't trade it, just buy it! ;-) and I'm just recouping my losses.
There is a guy that comes into my coffee house that has written an options trading book for dummies. He tells me the same thing as you just did. I've sat down with him a few times for some lessons :p but never really made any moves. If anything I know the way I trade I should learn to use options at least for protection. Maybe someday when I have more time and my mind is free of all this coffee house business I can take the time to really learn.
Let me ask you something, are all your stock investments like SIRI ? What I am trying to ask is, are they all in the RED by more than 50% ? If so, you should learn about options... otherwise you will be working the rest of your life at that coffee house business.
PS: Buy and hold is not longer the name of the game as an investor... You have to actively manage your investments... And I am talking the investments outside and inside your IRA and/or 401K (I am not sure a 401K plan is a good choice or not anymore)...
Fool articles are just there to get people to sign up not to make sense
I actually began writing a book several years ago. Chapter 3 is titled: Don't get sold on "buy and hold."Quote:
Originally Posted by Siriusowner
Guess I should have finished it back then.
Well heck no, none of my other stocks are like sirius. What else is like sirius? But I have owned stock in companies that went bankrupt. I've made a good living in the market for a pretty long time now. I've made my best money buying in lower after a stock of mine has dropped dramatically. As for the ones that have gone under, new century, tso (although I did play with that as a penny stock) and gtop, I took the losses against my gains.
In anycase, I'm not an investor, I'm a trader, though I sometimes let a trade turn into an investment. I also tend to fall in love with a couple of stocks, Both Bad trading traits, I know, but a weakness I have. Sirius is both of those for me.
I do think it's important to recognize that you do not need to trade options, short stocks, or buy on margin to be a successful trader. It really isn't rocket science.
As a side note, I wouldn't begin to compare buying shares in dndn with buying shares of sirius. Not as a trader even. I actually believe in sirius as a business. I'm not looking to get out of it at these price levels.
It's doubtful, that there are many people more actively managing there account than I. I do this all day. When I'm at the coffee house, I keep my trading program open. Mind you, I didn't open the coffee house until Dec. 2007 and I will be the first to admit it took some of my focus during a pretty drastic time market wise. All is well though. and I haven't worked other then raising kids since I was in my early twenty's. Doubtful that I will be working at the coffee house that I own for the rest of my life.Quote:
Originally Posted by Siriusowner
btw...I do agree with you that it would be beneficial for me to use options. I'm just the kind of person that has to know what I'm doing before I do something. And I just haven't totally taken it all in yet. But thank you for the tips, I do appreciate the effort.
Agreed but Fool articles have been almost completely negative on SIRI for quite a while. That is changing. We need more positive SIRI articles from more than just Brandon, Tyler and Satwaves.Quote:
Originally Posted by LT LT LT
Continued growth in satellite radio underpins XM Canada's solid second quarter performance
TORONTO, Apr 8, 2009 (Canada NewsWire via COMTEX)
40 per cent growth in self-paying subscribers 39 per cent growth in total revenue
Third consecutive quarter of Pre-Marketing Adjusted Operating Profit
Canadian Satellite Radio Holdings Inc., parent company of XM Canada, today announced its financial results for the second fiscal 2009 quarter ended February 28, 2009.
Second Quarter 2009 Financial Highlights
Three months ended February 28, 2009 versus three months ended February 29, 2008
- 39 per cent increase in total revenue
- 40 per cent growth in self-paying subscribers (from 251,400 in 2008 to 351,200 in 2009)
- Improved Pre-Marketing Adjusted Operating Profit to $0.3 million from loss of ($1.6 million)
- Improved net loss (before gain/loss) by $2.0 million or 10 per cent
"Our results are encouraging considering these challenging economic times," said Michael Moskowitz, President and Chief Executive Officer of XM Canada. "Satellite radio offers a high level of entertainment at a very attractive price and, as a result, consumers continue to adopt the great, high quality listening experience of XM. We continue to grow revenue and increase the number of self-paying subscribers. We are focused on executing against our business plan, which means pursuing a number of key growth initiatives and opportunities and managing costs across every level of the business in order to achieve our two key long-term objectives: sustainable cash flow and profitability."
Recent Business Highlights
- General Motors Canada announced a new incentive program called GM
Total Confidence, which includes a two-year paid XM satellite radio
subscription as well as other incentives to encourage people to enter
the car buying market again. The promotion commenced February 18, 2009
and further demonstrates GM's commitment to XM as well as XM satellite
radio's appeal to consumers.
- Toyota commences factory installations of XM Canada satellite radio in
five models in 2009, including the all new Toyota VENZA, with plans to
include the Lexus RX350 in 2010.
- As part of its focus to reduce costs and improve efficiencies, XM
Canada selects SYNNEX Canada, a leading distributor of technology
products, to be its exclusive supplier of aftermarket XM satellite
radio products in Canada.
- XM continues to be one of the biggest supporters of Canadian music,
most recently through its live-to-air broadcast of The Independent
Music Awards on The Verge (XM Canada's rock channel 87) and by
providing grants for Canadian musicians to attend South by Southwest
2009 in Austin, Texas. The Verge featured daily broadcasts of Canadian
artists performing at the festival.
Financial Performance Revenue increased $3.6 million, or 39 per cent, to $12.8 million from $9.2 million for the second quarters of 2009 and 2008, respectively. The increase was mostly attributable to an increase in the Company's growing subscriber base. "XM Canada's business continues to grow by approximately 40% annually, despite the economic environment," said Michael Moskowitz, President and Chief Executive Officer of XM Canada. "It's exciting to be part of a new technology that Canadians are subscribing to in large numbers."
Average Monthly Subscription Revenue per Subscriber (ARPU) was $11.50 and $11.61 for the second quarters of 2009 and 2008, respectively, representing a decline of 1 per cent year-over-year due to the fact that there were fewer days in the second quarter of 2009.
Adjusted Operating Profit (Loss) improved $3.0 million, to ($6.0 million) from ($9.0 million) for the second quarters of 2009 and 2008, respectively. The significant improvement in Adjusted Operating Profit (Loss) was driven primarily by a $3.6 million revenue improvement and a reduction of $1.2 million in marketing expenses versus the second quarter of 2008 offset by a $1.5 million increase in cost of revenue. As the Company continues to grow revenue and manage costs, Adjusted Operating Profit (Loss) is expected to continue to improve.
Pre-Marketing Adjusted Operating Profit (Loss) improved $1.9 million, to $0.3 million from ($1.6 million) for the second quarters of 2009 and 2008, respectively. This quarter is the third consecutive quarter in which we have generated Pre-Marketing Adjusted Operating Profit. As the Company continues to grow revenue and manage costs, Pre-Marketing Adjusted Operating Profit (Loss) is expected to continue to improve.
Per Subscriber Acquisition Cost (SAC) was $78 and $63 for the second quarters of 2009 and 2008, respectively. The increase in SAC is attributable to a one-time charge of $0.5 million taken during the quarter to reflect the end of life for a particular product.
Cost per Gross Addition (CPGA) was flat on a year-over-year basis. Although total marketing costs declined significantly compared to the second quarter of 2008, CPGA remained unchanged due to lower gross subscriber additions in the quarter compared to the same period last year.
The non-GAAP measures above should be used in addition to, but not as a substitute for, the analysis provided in the interim consolidated statement of operations and deficit.
Why do you want to continue to air dirty laundry? I held up the article because I busy at work and thought that it was sub par. I still think it is... there now EVERYONE knows.Quote:
Originally Posted by Brandon Matthews
This is has officially gone past stupid into full blown retarded. Should we discuss all of our business here or via private email or phone?
I'm fine with right here.Quote:
Originally Posted by SiriusBuzz
Who agrees with Charles that this article is sub par?
http://satwaves.com/
A key to that article as well would be the pending litigation between online streaming radio versus the IRAA for an increase in royalty payments. Slacker has been quoted as saying that an increase in royalties would severely damage their business model.
I think that the internet can only help Sirius. Sure, it will bring in more competition, but in the end, it will help them.
As a side bar:
Brandon, you believe it is all about content.
Charles, you believe it is all about technology and access.
Shouldn't it be right in the middle of the two?
Ask a bunch of Sirius fans... good idea.
Arguments can be made as to why "The Internet Will Not Replace Satellite Radio" but those points are weak. You are comparing a premium service in Sirius XM to an ad supported internet music service. At least compare premium service to premium service (eg slacker for 3.99 kills commercials and ads).
Dont worry about my battery, I have a docking station in my car. My battery is fine. I am sure it lasts longer then a stiletto when not plugged in.
"To believe that this group of people will run out and buy high priced iPhones and Blackberry’s to replace their in dash car radios is just insane."
It is insane beucase, they will buy a new iPhone because they want a phone or a "multitool gadget" that will happen to play music (better then an ipod which hundreds of millions of people use to listen to their music... they must be INSANE). Just like if your stiletto happened to work as a free phone... you might make a call with it, you wouldnt buy it to replace your phone but, if you had one then why not use it?
The arguement is EXCLUSIVE content. That is the reason why nothing will replace Sirius XM and its the only reason. The technology has caught them and 3g streams fast enough to play internet music at this point and 90% of Sirius' content is NOT EXCLUSIVE.
FM thought that SATRAD had no chance... by saying cell services (wi-fi) wont catch SATRAD is making the same mistake terrestrial radio made. Plain and simple.
Which was my total point to begin with! Then make the article about the content. Make it about why you really think it cant be beat and make that argument strong. All I do is add constructive criticism and everyone (EDIT: except Newman) is a ****ing baby. I do mean everybody... my emails inbox is something straight out of 8th grade lately.Quote:
Originally Posted by Newman
Brandon, this passive aggressive bullshit is just that. If you or anyone else doesn't want to play here anymore, you are free to take your ball and leave.
That is precisely what the comment section is for.
To be continually censored and be forced to only write articles that you agree with enrages me. I DID NOT sign on for this.
I don't care if you agree with it or not. I'm not here to write your thoughts and opinions. If we all thought the same way, we wouldn't need 4 people writing.
No one censors you. No one censors Tyler. Yet I'm now expected to have my articles approved based on whether or not you agree with the principal?
I don't think so!~
So with that, how do we end this "partnership?"
I guess if you use a satellite radio music, talk radio and jokes then maybe satellite radio will go the way of the old cristal radios. But there is so much more available while at home or on the move. I have a XM in my truck and a XMP3 that I walk with. For the most part I am a news junky and listen Fox News and CNBC for finance news. I enjoy the satellite service and will be a subscriber for a long time.Quote:
Originally Posted by Brandon Matthews
PS I wish XM would bring back Fox Business New channel. They carried it for awhile and no one seems to give me an answer as to why it was canceled.
I think the article is perfectly fine as is.Quote:
Originally Posted by Brandon Matthews
You are full of shit, plain and simple. I let 100% of your shit go. I have NEVER stopped you from saying anything and if you wanted to work on this article it would have been posted like all the rest.Quote:
Originally Posted by Brandon Matthews
I don't have to agree with you, just make a strong and compelling argument. I dont always agree and I let a lot of stuff go. This article was weak and I was looking to help you strengthen it.Quote:
Originally Posted by Brandon Matthews
You still dont get it... go back and read my post above. Its not that I dont agree its that your points could be made much stronger. You are IMPOSSIBLE to work with.Quote:
Originally Posted by Brandon Matthews
You're a bad ass.Quote:
Originally Posted by Brandon Matthews
You tell me. I will give you your cut for March, backup satwaves, and send you all of the content. I will even host it for you until you find a a new host. I have nothing against you personally, you just continue to want to fight with EVERYONE. You cant even tell your friends from enemies anymore.Quote:
Originally Posted by Brandon Matthews