CGCA is a really interesting one. I posted a little PR on it a few posts up. It is at over a dollar a share, which is 100 shares of our normal stock. Maybe I might do a little DD into it.
Printable View
CGCA is a really interesting one. I posted a little PR on it a few posts up. It is at over a dollar a share, which is 100 shares of our normal stock. Maybe I might do a little DD into it.
We should have our own penny stock instead of somebody elses! (This could be a complete hoot or a complete profit-making fluke). What do you think about investing in an organic hydroponic vegetable farm kit...or what ever? Any ideas?
Let's crash some brain-cells here and think of what would work. Car parts or vegetables, or fake Rolexes....I am game!
I loved that movie, "Office Space". It was too shady for me, but was inspirational....Of course, "True Blood is too!". I hate the dark side, but love the show!
What would be a good business for us to start and grow?
I think organic hydroponic vegetable kits...a turn key situation would sell like wildfire for Christmas...It would be just like the old wine and beer making kits.
We just need some venture capitalists. If you can make money selling the Chia Obama head with green vegetation growing on it, then you can make money doing anything.
Damn, the options calculators I was using need the stock to be priced at $1 to measure volatility... but to quickly answer your question - as long as the price of SIRI is a dollar (except on expiration day, could be less, since who would risk buying calls at exactly the price of the shares), they will be $1 a contract, so that's 500% profit. So that will always be your minimum when you are in the money - except maybe that last friday if you are right on the line of $1. When higher of course, it surrounds what it costs to just buy the shares - the price will be dictated by the greeks of time decay and volatility - so I can't give you an exact number - but lets say the price of SIRI is $1.75, which I would consider to be pretty much in the money (luckily, you picked the $1 strike contracts, so the math doesn't require a calculator) - then to buy 100 shares, it would cost $175 to buy those 100 shares outright, and since each contract is worth 100 shares, we just divide back by 100, so to buy the same thing in contracts it would cost you $1.75, so then you get the 765% gain, or $42,371 in profit (that's calculated on a $7 commission, so give or take $50) - but there will be a variance around that mark depending on the time and volatility factors - could be more than $1.75 or could be less.Quote:
Originally Posted by bassmaster
ie. AAPL at $172.93 today...
Sept $165 calls the difference is $7.93, ie. $172.93-$165.00=$7.93
Contracts are worth $9
cost via contracts: ($9*100) + ($165*100) = $17,400
vs, just buying the stock: $172.93*100 = $17,293
so a little extra oomph since there is still a couple weeks to go.
but look at
Jan $165 calls - again difference is the same $172.93-$165.00=$7.93
but the calls are worth $35.65
lot of extra oomph
(165*100)+(35.65*100)=$20,065 to buy those shares if contracts were bought and exercised today, not worth it, but, whoever is trading them expects AAPL to be over well over $200.65 a share by Jan...
You should likely click on those links on the other thread and poke around the free courses... or if like me and hate reading online, get a book... I finally picked one up, we'll see how it goes.
Also - keep in mind, you paid $0.20, so near expiration day, technically (without the commissions), you need the price to be $1.20 or greater to break even... ie. $1 + $0.20 for each of the contracts. As long as the share price is between $1 and $1.20, you'll have a small loss - ie. be able to dump the calls, but if its the last day and the stock is trading at 0.90 and falling, they may be worth far less in the morning, and literally unsellable, so $0.00 really if its closing time.
Hope I got that all right - as I said before, I traded intermediate term only thru a service, so they make the buy/sell recs, and I pushed the button. On my own, I just trade with a target of 1-2 days, but let them go from 0-5 days on occasion, so I don't think about those things - just look at the candles (and volatility in relative terms just on the day of purchase)... as long as I get one or two candles good, I'm selling... the profit will be in the 30-120% range usually for the trades I take... likewise the downturn is similar, but capped on the downside to usually 75% (100% theoretically), at its lowest. So even with the calculators, you'd just have to plug in scenarios. Hopefully, it'll just shoot up and you won't have to worry about it, but in that aapl example, the earlier you take the profit, the better... just be careful 3 weeks before expiration, then the decay really kicks in... that and if siri starts stabilizing in price - lower volatility...
Too busy to read this weeks thread, must have taken me half an hour to reply to bass... but maybe its easier for us to start a hedge fund or pay website. Just have to advertise our best gains, and ignore the losses, lol.Quote:
Originally Posted by billhart22
Trader Bill - 2483% profit in MGLG in 3 weeks <--- no clue what it really is
Trader Dave - 101.22% profit on FSLR calls in 1 day <-- think that's my best profit/time, except maybe ASFX... have to check, lol.
whoops, I mean
Portfolio Fund Manager William - 2483% profit in MGLG in 3 weeks
Portfolio Fund Manager David - 101.22% profit on FSLR calls in 1 day
.etc .etc, lol.
We just need to hammer out a bunch of precanned excuses for the bad trades. I got mine already... "In order to protect the rest of the portfolio, fund manager David was up into the wee hours of the morning, so the small 78.95% loss on the AMZN calls, also due to interference by CNBC, is only a minor setback as he slept thru the opening bell. It is more important to protect the entire fund, then focus and micromanage a single position. He has a new batch of positions ready to skyrocket at any moment".
Ahh!!!! here's a great story - slept thru the trade as usual... but was looking at RIMM calls, nice pattern... and low and behold - trade would have worked out great... because... the street .com put out a video today saying to short it! the stock gapped up and closed at almost the high of the day!
I'm beginning to think there is some magic in following the news - just go opposite - for real.
Quote:
Originally Posted by imromo24
that's why the pattern failed I suppose... the pattern formed in anticipation of the original news. If I was awake earlier, I woulda stopped myself out at the open. Looks like it closed on price support, and the middle of the candle... which is actually my buy point... so I consider the close at a more favorable point then a solid red close.
Time for bed..nothing is registering...Have a great nite guys! Tomorrow! I am watching the "Burbs" for the tenth time. Tired...night..
SPNG reverse split will mean a CUSIP number change. Remember when Mel went on Crammmmmers show and said if you bet against him he will make you pay(paraphrased)...Well with SPNG...that could be what they are doing...Huge # of naked shorts/Fail to deliver...CUSIP # change will force all shorts to cover by the 22nd of Sept. 10K due out by the 15th of Sept...we know that it will be good...I believe that the R/S news came out 1st causing a panic and telling shorts that they need to cover by the 22nd...when the 10K comes out...I believe it will cause a significant pop to sp due to good news/normal buying coupled with shorts scrambling to cover...thus the short squeeze that has been thrown around with Siri for the last year! IMHO!!
Standard disclaimer! Sold spng today at .1510...made a few dollars...With the scenerio that I put out above...may buy back a smaller number of shares to see how it plays out! Will probably get out on the 20-21st just in case!Please do your own DD...Because I am routinely told that I don't know sh%t!!!
Any thoughts!!!!
I can post a chart later, should be working... but, just a quick comment, I don't see any new patterns on the daily chart...Quote:
Originally Posted by ShotsII
If you just look, you can see the resistance at 0.07. keep bumping it, can't seem to close above... so break that, it's bullish. The last two candles didn't have closes on the upside, so doubtful we'd go above it tomorrow.
If you were to start a wave count in june, then you could say we are on the first new rally to the upside, but the candles are looking weak. Basically the chart isn't giving me much to go on. Sometimes it's like that, sometimes not.
On the upside, there should be pressure at 0.10 - kind of triple resistance in that neighborhood - on the low side, consider 0.04 and it looks like 0.035 as support.
Just looks like sideways action to me at the moment - which for these pennies is more of a good thing.
Let's consider building a base between 0.04-0.07 a good thing.
One thing to note - since I supposedly do science - is that it often takes longer to get experiments and then good results, than one anticipates, sometimes I multiply my guess by 3 in terms of time, and it still doesn't get done - so when they claim they will have such and such tested in X time, I take it as multiply by 3 at least... so that's where keeping penny investor interest and what's going on to be really difficult. There aren't many of us, and its easy to get sick of a stock, when others are appearing ready to pop. Also from what I see from the comments on the different boards is taht a lot of penny people go all in on their accounts (makes sense since pennies are risky in the first place), therefore, they have to sell in order to buy... and that selling drags the price down... so any consolidation that is somewhat prolonged isn't necessarily a bad thing...
I think that a lot of shorts that were in effect at the moment likely got covered today, just as it was a good exit point. Starting new short positions are pretty risky with the next support at 0.08, that's a 44% gain for them from here. Hopefully though, the other stuff will keep them at bay.Quote:
Originally Posted by just sirius
I've had the same thought. Actually I'm exploring what it would take to get my company listed on Pinksheets. All you really need is a creative business plan and someone to do the listing for you (MM). Hmmm....Quote:
Originally Posted by billhart22