LOL, thats the spirit!
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LOL, thats the spirit!
Siriusowner,Quote:
Originally Posted by Siriusowner
No I did not have a bad day I am actually having a great couple of weeks! My post says it all...
Cheers,
It sure looked like you had a relmor day.Quote:
Originally Posted by Hopeful
So, old man, why don't you complain with the honchos ? I have other user names...Quote:
Originally Posted by relmor2003
You guys get burnt because you take these posts too seriously... Y'all have to take it easy...Quote:
Originally Posted by trippingthespeculatingpos
I can sense relmor's or hopeful's anger thru their posts...
S.O./Pocket Change.....WTF .... you make Relmor sound normal and that is SIRIUS:eek:
Ok let me give you an example of one trade I made a few months ago and that is closing this month:Quote:
Originally Posted by tucknroll
Back on May 5/9 or 5/10 CENX was trading at $7.45. I sold 6 May $5 puts for $0.50. So I made $300 and owned nothing other than an obligation to buy 600 shares of CENX at $5 if by expiration CENX was trading below $5. The trade went south and by expiration CENX was trading @ $4.75 so I had to buy the shares so I spent $3000-$300=$2700 to buy the 600 shares. I was still in the green because CENX was trading @ $4.75 and my actual cost was $5-$0.50=$4.50. I coukd have sold the shares and still have made $150.00. Instead I decided to keep them and wait until it rised toward $7.50. It took about a week, it went to $7.15 or so... I could have sold them but instead I sold the June $7.50 call for $1.25 so I made another $750.... Are you keeping a tab ?
The call expired worthless in June so I kept the shares and the $750 + $300 = $1050, so with a $3000 I already made $1050 in 45 days. It gets better....
I also sold the July $10 call for $0.50 and the August $10 call for $1.50... I will most likely get assigned this month since CENX is trading around $11.00
How much more I made: $300 for July and $900 for August so: $1050+ 300 +900 =$2,250 in just 3 1/2 months with $3000 investment.... Not bad uh ?
...But wait a minute something's missing... That is right I will get assigned !!!
So my cost ? $5.00 and will sell at $10 so $10- $5 = $5 x 600 = $3000 !!! + $2,250 = $5,250 !!!
Almost 200% in 3 1/2 months. You'll say that is peanuts but in the same period I traded about 30 issues with about the same outcome (of course I traded more but 30 is an average of what will be closed in the green frm May to August, I almost always do not close on the red unless absolutely necessary (for example if one leg of a calendar or diagonal gets assigned or something like that) and in December for tax purposes).
30 x 5000 = ? in pure profits
I also trade futures, sugar anybody ? ... In futures I also trade options.
This is why $15K is peanuts...I've probably lost $15K or more during the last 3 months but I did not even feel them because I made so much more.
S.O./Pocket Change.....continued GL....so why bash what is a penny stock(at the moment), seems to me you have greener fields awaiting;)Quote:
Originally Posted by Siriusowner
Relmor...got a few short term stocks...what do you think about them? FXP, FAZ, DOG. I have read tons of Doug Kass the past few days...that guy has his finger on the pulse and he makes alot of sense. I think China is bubble and it is going down hard! This market is a trap, optimism is ruing the day, Cramer (dip shit) is pumping stocks hard again. I think we are starting to see a crack in the dam. In the real world foreclosures are out of control, banks are taking massive right downs on loans, unenjoyment is getting worse, in SC its real bad. Not sure if this is fact but heard Dupont in Florence, SC is shutting down, 12,000 jobs gone, that is one of the only things holding that city together, that town is a forclosure mess and if you take 12k of high paying jobs, look out. Got to run, will check back later, GLA.
Short China, FXP
Siri is going to get pulled back with the rest of the market, take some gains if you have them. 20k left if it hits .62 unloading them all, it will pull back it always does.
On the football side, hide your beagle Vicks and Eagle! Dirty city, not surprised he landed there. I look at my dog and I get pissed, would like drop that dude! Can't wait till some linebacker gets a free run at his skinny ass! Helmet to helmet and watch the crowd cheer and the best part...no flag! Punk....hammering out dogs teeth..wtf! I knew the moment he got busted he would be back, and the shame of it all, one shitty team was going to take a chance on him, of course he lands in PA...this is a disgrace to state.
Big Ben
Charley Murphy interview on Stern today...good stuff! 7:30-8:30 hour.
Asia is getting smacked right now. 1-2% on the way out door near end of day, not good. Should be interesting for rest of the world.