trying to survive in a crazy world
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hope your right,,,,,,just bought 7.50 options
BAC boy did I miss that call. oh well green is good
Thank you
out bac jan calls for about 75% can't lose takeing profit. this needs to settle.
still holding march and may
BAC up .40
BAC up .35 premarket
with bank plan delayed until tue,,,,and turmoil with the stimulas pkg along with the TARP chair crying foul about funds to banks,,,,,,,may not be a very good day for financials. Still think it will be a goodweek, but the day may be painful. Only thing you can do is qatch close and the make dcisions.
Have fun,
your right, but the avgerage person up and down the street didn't and doesn't have much of a clue. Do the same to BA or any other of a number of well known up and down the street and watch the blood flow. This market is not about logic, but rather perception.
Pick BAC
BYO BF FEB $7.00 CALLS
ASK $1.16
IN 20 at .75 last week.
Yes it has and these type of delays, no matter what the reason could well turn out to be "the dropping of the ball" I refer to. Further supporting my point that at this moment fundamentals are not near as important nor influential as sentiment and that "warm fuzzy feeling."
Some great articles, thank you. Upon reading these articles and looking back a short time, I think one can easily connect the dots and realize without a doubt what the future holds for us. Not a pretty sight. However having this knowledge in advance, certianly allows one to be better prepared to either simply survive these times or even position themselves to benifit.
In regard to BAC I don't believe any one has all of the answers. This is surely a traders paridise. But short term, what does the future really hold? Personally I really do not believe that the Govt. will nationalize banks. Could they, yes of course they could, but at the moment the downside would far exceed the upside. Unless of course they are trying to completely collapse the economy. So short term I think that BAC remains a traders dream, influenced far more by day to day knee jerk reactions to the overall market and sentiment. And yes I pesonally do look for it to go up from here.
This should react on a day to day, if not hour to hour basis in direct relation to bank bail out plans, stimulas plans, and numerous other short term reports. For this to settle in at about $12.00 to $14.00 within a week, would not suprise me. Conversly, if our new head of the treasurary or this stimulas package drop the ball, then look for a fast down slide. Again a traders market in this stock, so if and as the run for the door, look out.
But do not remember there are tremendous amouts of money sitting on the sidelines just looking for a reason to get back into the market. It would not take a lot of positive information and reaction over a period of days to begin bringing a lot of that money back looking for opportunities.
Assuming no negitive impact or influence on BAC from the Govt. then BAC is one of those great opportunities. Combine that with the inflation, if not hyper infation which looms and BAC will run to numbers without logic or reason.
The next several days to weeks hold all of the answers. Good luck to you, whatever your style may be. The opportunity is upon us.
more than you know!!!!!! YEA
There is a GOD. been sitting on bac calls, feb, march, and may. bought a little more feb this am, but had to be gone for the dday. Man am I glad to see this day turn out like this.
Have Fun,
this will be just fine over he next few days. Good time not to panic. the only real problem here is lack of clear direction. which wll appear vry shortly, when it does, up she blows.
yes, and witha little luck we should run up through double digits on fri and mon like it is this morning
i do, nice to be on the right side
all of the longs are running for the doors
a lot of quote unquote longs running for the doors
Holding feb 6 march 8 and may 9 calls for BAC
can this hold, or is it headed for a cliff?
BAC tearing up the ticker
nikkei closed up 378 4.9%
dow futures up 103 1.28%
nas futures up 13.5 1.3%
Looking for a good open and perhaps even a good morning
Hopefully no more negitive impact speechs for a couple of day.
Might even get out of some of todays buys.
nikkei up 354 dow futures up can it hold through tomorrow
Thanks Jimmybob
OOOOOOOUCH
sold 290 calls whe it was at 307, looks like I left plenty on the table. But I can sleep well with my 50% profit.
Have to see what the next couple of days will bring. Morning just might be a good opportunity for some puts.
out dri 110%
up nicely with DRI
goog killing me with the market blood bath
mdg66 thanks, made a few bucks on spg jan puts. Out at the moment, but should be right back in.
still holding Feb $290 call. Happy about today, but very uncertian about tomorrow. Tempted to hold into or through earnings. Any thoughts???????
up a little, then down a bit. Down easier than up. Then up some more before earnings, then back dow. About that time it will seek a longer term direction.
Dzielak51, I agree. It was a regular ATM. But I have learned over the years the hard way not to play that way. Get so caught up in the trades that I forget why I am making them. I'll settle for a little less than it could be, but steady profits.
OUT of GOOG about 60% overall
someone is selling a boat load of GOOG. every time they start to walk it up,,,,"BATS" jumps on the bid and brings it right back down. they have controled the bid all morning.
now i'm turning RED, will give these goffballs until after lunch.
GOOG new low of the day
Thus the question how big are your ba$$'s or how small is your brain? Think I will hold by the computer for a while. I'm green, just a matter of how green.
sold some GOOG Jan 290 calls at the open, but still have 3 left. Greed will get you every time.
if nothing else,, the current will suck jpm down at this point.
how much more can this bleed?????