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Don't sweat it homie. Every trade can't be a winner.
True that home skillet. I'm just trying to make a dollar our of fifteen cents! :D
Knowing that answer is way above my pay grade! lol
Ain't that the truth.
In TRA Dec 2008 17.5000 put at 1.70 on the gap up this morning.
I'm always right sometimes! lol
Very well could just trade sideways the rest of the day as well.
Maybe. Ya never know. Sold my calls earlier and am on the sidelines.
Half a point cut.
Let the Bodies hit the floor!
Summer 2011
My TRA calls i bought yesterday I just sold or 170%, now they are up 200%. Sweetness. That is 11 in a row over 100%
TRA $20 Calls. Just sold out for 170%. Way more than I expected.
I enjoyed it.
Not Often. lol
Bar Stool Economics
Suppose that every day, ten men go out for beer and the
bill for all ten comes to $100.
If they paid their bill the way we pay our taxes, it
would go something like this:
The first four men (the poorest)
would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18..
The tenth man (the richest) would pay
$59. So, that's what they decided to
do.
The ten men drank in the bar every day and seemed
quite happy with the arrangement, until one day, the owner threw them a
curve.
"Since you are all such good customers, he said, "I'm
going to reduce the cost of your daily beer by
$20."
Drinks for the ten now cost just
$80.
The group still wanted to pay their bill the way we
pay our taxes so the first four men were unaffected. They would still drink for
free.
But what about the other six men - the paying
customers?
How could they divide the $20 windfall so that
everyone would get his "fair share?"
They realized that $20 divided by six is
$3.33.
But if they subtracted that from everybody's share,
then the fifth man and the sixth man would each end up being paid to drink his
beer.
So, the bar owner suggested that it would be fair to
reduce each man's bill by roughly the same amount, and he proceeded to work out
the amounts each should pay.
And so:
The fifth man, like the first four,
now paid nothing (100% savings).
The sixth now paid $2 instead of $3
(33%savings).
The seventh now pay $5 instead of $7
(28%savings).
The eighth now paid $9 instead of $12 (2 5%
savings).
The ninth now paid $14 instead of $18 (22%
savings).
The tenth now paid $49 instead of $59 (16%
savings).
Each of the six was better off than
before.
And the first four continued to drink for free. But
once outside the restaurant, the men began to compare their
savings.
"I only got a dollar out of the $20," declared the
sixth man.
He pointed to the tenth man, "but he got
$10!"
"Yeah, that's right," exclaimed the fifth
man.
"I only saved a dollar, too. It's unfair that he got
ten times more than I!"
"That's true!!" shouted the seventh
man.
"Why should he get $10 back when I got only two? The
wealthy get all the breaks!"
"Wait a minute," yelled the first four men in
unison.
"We didn't get anything at all. The system exploits
the poor."
The nine men surrounded the tenth and beat him
up.
The next night the tenth man didn't show up for
drinks, so the nine sat down and had beers without
him.
But when it came time to pay the bill, they discovered
something important.
They didn't have enough money between all of them for
even half of the bill!
And that, boys and girls, journalists, and college
professors, is how our tax system works.
The people who pay the highest taxes get the most
benefit from a tax reduction.
Tax them too much, attack them for being wealthy, and
they just may not show up anymore.
In fact, they might start drinking overseas where the
atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics, University of
Georgia
Bar Stool Economics
Suppose that every day, ten men go out for beer and the
bill for all ten comes to $100.
If they paid their bill the way we pay our taxes, it
would go something like this:
The first four men (the poorest)
would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18..
The tenth man (the richest) would pay
$59. So, that's what they decided to
do.
The ten men drank in the bar every day and seemed
quite happy with the arrangement, until one day, the owner threw them a
curve.
"Since you are all such good customers, he said, "I'm
going to reduce the cost of your daily beer by
$20."
Drinks for the ten now cost just
$80.
The group still wanted to pay their bill the way we
pay our taxes so the first four men were unaffected. They would still drink for
free.
But what about the other six men - the paying
customers?
How could they divide the $20 windfall so that
everyone would get his "fair share?"
They realized that $20 divided by six is
$3.33.
But if they subtracted that from everybody's share,
then the fifth man and the sixth man would each end up being paid to drink his
beer.
So, the bar owner suggested that it would be fair to
reduce each man's bill by roughly the same amount, and he proceeded to work out
the amounts each should pay.
And so:
The fifth man, like the first four,
now paid nothing (100% savings).
The sixth now paid $2 instead of $3
(33%savings).
The seventh now pay $5 instead of $7
(28%savings).
The eighth now paid $9 instead of $12 (2 5%
savings).
The ninth now paid $14 instead of $18 (22%
savings).
The tenth now paid $49 instead of $59 (16%
savings).
Each of the six was better off than
before.
And the first four continued to drink for free. But
once outside the restaurant, the men began to compare their
savings.
"I only got a dollar out of the $20," declared the
sixth man.
He pointed to the tenth man, "but he got
$10!"
"Yeah, that's right," exclaimed the fifth
man.
"I only saved a dollar, too. It's unfair that he got
ten times more than I!"
"That's true!!" shouted the seventh
man.
"Why should he get $10 back when I got only two? The
wealthy get all the breaks!"
"Wait a minute," yelled the first four men in
unison.
"We didn't get anything at all. The system exploits
the poor."
The nine men surrounded the tenth and beat him
up.
The next night the tenth man didn't show up for
drinks, so the nine sat down and had beers without
him.
But when it came time to pay the bill, they discovered
something important.
They didn't have enough money between all of them for
even half of the bill!
And that, boys and girls, journalists, and college
professors, is how our tax system works.
The people who pay the highest taxes get the most
benefit from a tax reduction.
Tax them too much, attack them for being wealthy, and
they just may not show up anymore.
In fact, they might start drinking overseas where the
atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics, University of
Georgia
You are "getting some pus on GS".
Now what options do i need to buy for them to send me some pus?
lol
Sorry buddy, that one was way to easy to let it go.
-Spec
A R/S? For HCPC? No Way. Never would have thought that. Totally didn't see the R/S coming. Who would have thought it was possible. If only some smart experienced traders would have have said months ago this was going to happen. It's a shame. lol
Sorry to those stuck in this. We all get hoodwinked once.
Best,
Spec
No doubt. Pimpin ain't easy! lol
LMAO!
Ain't that the truth. Can't celebrate until you are "in the money" so to speak. lol
I've found high hopes for the following day are a jinx.
I've always been a fan of "pleasantly surprised" :)
Been busier than a whore on "buck night" in vegas.
Just trying to get a lot of things going at the moment, so have not been my normal post slut self. lol
Flipped out of my TRA puts for an even Hundy % and in TRA Nov $20 calls at $1 even. Up a nice 45% so far and will probably dump on the gap up tomorrow, then see what happens. Might hold, but doubt it.
Job report in the AM. Would not get your hopes to high up.
LOL. That is a nice perspective as well!
lol
It adds a level of certainty to all the uncertainty in the market.
Thats what I had been saying.
Thanks JB. Thats why I get paid the big bux. lol
Here ya go
Only been playing TRA. If it ain't broke, don't fix it. lol
In 5 years people will say, "Damn, i could have bought RIMM at $50"
LOL. Good post.
This market is easy. Buy puts, wait, sell for a 100%, rinse and repeat. Any bounce is just for buying cheap puts. :)
At least until the election. Then we could rally for a longer period of time.
Still in TRA Nov $22.50 puts at $3. Bid now $5.30 :)
Exactly
Nadda lotta. lol. Whats up with you?