there goes .50 :(
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there goes .50 :(
you know what's "hysterical" is the guy who checked his portfolio in the morning and saw the .50 open and then went to work and checked again at close and it's the same... no big deal nothing happened today. ha. And big ben seriously I know you made your $2000 but that does NOT give the right to rub it in to those who perhaps don't have the daytrading capability more than the 3 allowed trades per week in a non margin account... so take it easy and go buy yourself some crappy Shittsburgh beer with your profits
and that was ridiculous at the close... definitely painted to be under .5
.48 after hours...ouch...as all buy and holders run with their tail between their legs. LOL
Licking my chops for an entry point, ty mm.
If not for the BS story, came up twice, no way we close down. Im pissed. To answer Irish's question, yes, there are enough weak hands after shooting up like that, timed with MM pressure and the huge DOW down day, combo for a crappy close, and no hold on gains today. Complete and utter crap. Well, looks like .50 didnt hold. I was wrong. My daytrade buy at .51 closed at .49. Lost on that.
such a bullshit close
First, some background. I own 100,000 shares representing my core position, not to be touched.
I have also been swing trading another 50,000 shares. Twice I have sold my trading shares at around 39 cents and bought back around 30 cents successfully. The last successful trade was when I sold at .3934 when the stock broke up to .42-.43. I then put in a GTC buy order at .3013. It was filled when the stock spiked down a couple of weeks ago to 25 cents.
At the end of last week, I tried it again, alas. I sold at just under 45 cents when it looked like it would not break thru, and promptly watched it close at 50 cents, and today go to 63 cents. While I am happy to still have my core position, it looked like I screwed up.
So here is what I did! I placed a Buy/Write order on Ameritrade with a net debit of 42 cents, with the stock coming down towards 52 cents and the Sept 09, $1.00 call option selling at 10 cents. When the stock hit 52 cents and the call still at 10 cents, I was filled. Basically, I bought the stock at 52 cents, and received 10 cents selling (writing) the call, for a net cost to me of 42 cents.
What do I gain, and what do I lose?
I own an additional 50,000 shares of SIRI stock.
I am entitled to all the gain in the price UP TO $1.00 per share.
If SIRI goes up above $1.00, the sock will be called away from me and I will be entitled to NO further gains above $1.00.
However, if SIRI DOES NOT get above $1.00 by the option expiration date in Sept (3rd friday) of THIS year, then I get to keep the stock with no further obligation on my part, along with the $4700 I received in option premiums (after commissions), having bought the stock at a net price of 42 cents.
Cool, huh.
Keysmark
I have a few bones to pick with Big Ben but c'mon Dave that's a little extreme. Don't be so sensitive. I learned that a long time ago. And he already said he doesn't think before he speaks and means no offense when he uses words like queer. Now sure I don't condone it, and although a Steelers fan, I'm sure he's reasonable enough to not offend you again if you express that to him. Man everyone is so darn sensitive these days. Can't help that we just went on another rollercoaster ride today. I DO want to throw up from it too! And I'll get right back on tomorrow. My position never changes. LONG
Now John,i agree with you as i stated after annual report of Existing subs signing up for internet stream and extending out terms,equals cash like adding new subs and raises ARPU and FCF rev for 1Q.hopefully churn is flat or rises slightly only and the big thing at least to me is Guidance going forward..
For analysts to write reports and upgrades we need some guidance,if none given SP will suffer,not worried about neg subs at all..
Big Ben, Stop polluting this board with garbage. It's not what you say, it's how you say it.......
All of your one sentence garbage posts belong over on the Yahoo board. You are being very disruptive to the civility and intelligence on this board.......