For what it's worth...
2 weeks ago I had placed an order for 100 options contracts on a $1.00 March call at a price of 15 cents.
I'm confident that this is a really good investment. But, the point is that it took a long time to get the right price of 15 cents. 20 cents seemed to have been the going price until today. Sometimes it pays to be patient.
Correct, but I'll bet 9 out of 10 do. And, AIG is not a good example, since the gov't is bailing them out. Propped up companies are probably a good stock play as a result. Investors aren't heading for the hills on stocks where the gov't is pouring in $ to keep them afloat. No one will bail out SIRI, and the typical RS precedes chapter 11 bankruptcy or worse. Odds are not good for SP following RS. We should all hope next two quarters are very good, and stock breaks a dollar all on its own. Once that happens, it's on its way to $3 or higher. If the next two quarters suck, RS happens, and the stock is history. I don't think that will happen, as all indicators are good. IMHO.Originally Posted by winagain35
For what it's worth...
2 weeks ago I had placed an order for 100 options contracts on a $1.00 March call at a price of 15 cents.
I'm confident that this is a really good investment. But, the point is that it took a long time to get the right price of 15 cents. 20 cents seemed to have been the going price until today. Sometimes it pays to be patient.
I would be patient too if I were lying on a beach.
Julie
It does help Julie. The mind is clear. The darn sun seems a little too bright though.:I would be patient too if I were lying on a beach.
JulieAnd then those darn dolphin jumping in the waves. It's really hard to concentrate!!!!!
It does help Julie. The mind is clear. The darn sun seems a little too bright though.:
Poor baby!!Maybe try turning over in your chaise, face down on the cushions might help. Make sure you put sunscreen on your back, we wouldn't want you to get sunburned. It would be really hard to
concentrate then. As for those darn noisy dolphins, put your fingers
in your ears. The middle ones preferably.
Julie
I'll work on that!Poor baby!!
concentrate then. As for those darn noisy dolphins, put your fingers
in your ears. The middle ones preferably.
Julie
But, I promise, I won't work too hard!
I'll work on that!
You need to toughen up, Chuck. Too much leisure time
makes for a slug.Come to Michigan, oh lets say in January
or Feburary. That will get you out of your lazy attitude real
quick. Fighting the elements, the ice, wind, and snow will give you that sense of accomplishment you so desperately need.
Julie
Open question:
Where does the lower support seem to be? .65, .60, ???
Is there any new support forming?
It looks to be a tough week for the market to remain bullish.
It is all so nerve racking.
RS will not be good!
It is extremely rare that a RS ends up good for investors, it gives shorts much more room to play with as well.
I went through it once and the company went bankrupt, will never do it again.
Hey Tunes, .65 seems to be holding pretty well over the last month. With all the bad press and Reverse Split talk going on, it seems like we're not diving. I think we'll be swinging in the .63 to .70 area for another month or so, and then we should start climbing as we get closer to the next quarterly report. That being said, there is a lot of profit to be made playing the swings for now.Open question:
Where does the lower support seem to be? .65, .60, ???
Is there any new support forming?
It looks to be a tough week for the market to remain bullish.
It is all so nerve racking.
Reply With Quote