Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Golf, as usual spot on..if we get to 670 what do you think the 670c will be worth? ..I'm concerned about time erosion, many thanks !
Golf..I agree...I see a small pull back then a high at around 2-2;30pm...I'm concerned about time erosion, what do you think?
I agree, also picked up some AAPL calls, latlely Fridays have been having an up momentum...congrats on your plays Golf, you've been pickin some good ones
will see what happens option....
Will see how tomorrow works, if your right ...you are good !
Gonna wait awhile...the wm % and stochs are heading down
ok waiting for the info...
Looking forward to your posts Pup
Golf...you've been timimng some good trrades latley, are you using any charts?
WELL DONE
wont you still be in the money at $34's ?
The market always rises on an election year. It will not matter 1 ioda who wins office, were going down big time Nov 2012-Mar 2013
thanks M/T !
whats going on with DNDN? Buy-out rumor?
I miss your posts, I got killed last week also
THANKS FOR SHARING !
Great call on this, whats your opinion on doing the same for FIO
nest weeks puts at $27 ?
Same boat, you keepin over night?
sounds good bro....... pcxcq is at .24 Unfrickn believable
Sold my Aug 3 VXX $13 Puts at .53 from .13
Beer..you still holding these? $135 P
Exactly MCP $16 Calls this morning from .25 to $1.35 high currently at $1.35
Blkhawk...I also hve SPY 135 puts as well as VXX P and C for back up...we should see some pull back however I tink we are still looking towards and uptick in the market until Nov when the election is over then its big time down...doesn;t matter who is in office...j.m.p.
Blkhawk...I also hve SPY 135 puts as well as VXX P and
Sam...first great picks lately 1...second why didn't you apply the same trading logic when you traded NFLX ex. buying calls for amzn also. again congrats on some great trading
Nice one Beer, thats always the gamble when holding overnight, but when it's in your favour, they really do pop
Wonder why are puts up so much since the stock is only down .69 cents ?
13,ooo% how did you come up with that ?
great plan ! congrats and thanks for posting
DOWN GOES FRAISER, DOWN GOES FRAISER
great call on NFLX!
Great trade Beer !
Great trade Pup !
GOOD CALL !
why didn't you hold overnight then?
Thanks for all the info btw ....appreciate your posts
what are they going for? thanks !
New Lows vs VXX info
"Every time the market drops, some investors panic and some don't.
What index gives you a hint of when there is real panic going on?
Many of you may say the Volatility Index (symbol: VIX), but it isn't the VIX. So, what index is it?
It is the New Lows (symbol: YLON on some data sources) and it is reported by the New York Stock Exchange. So, let's take a look at the NYSE's New Lows' that was up to date as of 10:45 AM this morning.
First, let's talk about why it can be used to measure fear levels. Since the New Lows measures how many stocks are being sold low enough to make a new low, the greater the numbers the greater the fear levels. Since the NYSE has about 2,750 stocks, it serves as a good broad measure of fear levels.
Be aware there are some DVOL levels that mean more than the others. For instance ... any daily number under 28 is considered healthy and a positive. When the number is starting to trend higher (say from 10 to 25), then you could imply fear levels were increasing so that would be a negative for stocks.
When the number is above 28, then fear levels are starting to be of concern, and above 50 is where real panic selling generally starts showing up.
Take a look at today's and observe those particular New Low levels. Although the market has been appearing weak in the past few days, note that the New Lows was only at 14 this morning. So, one could infer that there wasn't panic activity going on and unless it starts to trend higher, the current market weakness could be considered acceptable."
I don't think that we will see a major correction until March 2013. As Roy has previously stated, doesn't matter who is in office
Still in?
Whats the smartest man in Europe saying....
"Many of you remember The Smartest Man from earlier essays; I have been writing about him annually for more than a decade. He has been a friend for thirty years, and during that period he has shown an almost uncanny ability to see major events affecting the financial markets before other observers. Among these were the fall of Japan as an economic power in the 1980s, the economic changes in China and their significance the early 1990s, and the serious consequences of excessive borrowing in the developed world in the last decade.
He apprenticed in finance in New York, but returned to Europe to take advantage of opportunities created during the post-war recovery there. Along the way he has acquired the ABC’s of European wealth – an airplane, a Bentley and a house on a Cap in the French Riviera. The depth and breadth of his art collection is impressive, but material things are not what gives him a high. He gets his thrills from identifying a problem, thinking it through and being right in determining how it gets resolved. In his ninth decade, he is an inspiration to me.
So what does see now?
Basically that massive amounts of debt will bring the decline of Western Civilization, but that in the meantime, before that happens, policy makers would pull every trick they could in order to stave off a catastrophic event.
He started out by saying he had done some preparation for our visit. “I think the title of your essay should be ‘Dancing around the Fire of Hell.’ For years I’ve been telling you that the accumulation of debt was going to be the ending of the developed world and for years you have been telling me my views are too extreme. The problem is you are an optimist and I am a realist. You go around with a smile on your face thinking that there are serious problems facing us, but that everything will turn out favorably because the policy makers will do what they have to do to avoid disaster, and so far you have been right. The developed economies and their stock markets have plodded along and investors haven’t made or lost much money in spite of the challenges. At a certain point, however, the temporary measures that the policy makers put in place to avoid financial catastrophe prove insufficient and that’s where we are now. I’m not saying that it will happen tomorrow but events are falling into place that will take the smile off your face.
After getting to the point where fiscal stimulus no long works, the world's central banks will go into overdrive (as is already happening)
“Before we experience widespread defaults the authorities will pull out every trick in the book to prevent catastrophe. That’s because there is a general belief that the European Union was a good idea. In order to compete against the United States and Asia, the European countries had to hang together. It was as much a geopolitical decision as an economic one. There needs to be more cooperation among the European leaders. The first step is to create a coordinated banking system to prevent a run on the banks. Deposit insurance won’t do the job. It’s too much to expect the various governments to agree to a political union at this time, but there could be a banking union to prevent the European banking system from collapsing.
“The next step will be for every central bank in the world to keep printing money. Ultimately this will bring on a higher level of inflation, but I think the world is ready to accept that. World leaders will agree that growth should be their objective and inflation will be the price they will have to pay for it. This may result in some instability among currencies. Before this happens there will have to be more suffering. Spain and Greece will default. There won’t be outright financial disaster because by the time the defaults take place the banks will have sold most of the troubled sovereign debt on their balance sheets to the European Central Bank. France’s deficit will get worse as Hollande implements some of the programs he talked about in his campaign. Human beings and governments have an unlimited imagination and they will use it to delay the day of reckoning. In the longer term the crisis may turn out to be a good thing because the pain of what we are about to go through will prevent it from ever happening again.
He concludes:
The French auto companies are in trouble. I think gold is going much higher. I am buying energy stocks because I want to own something real. Preserving capital is my focus now, not making money, but I like IBM and Apple. Also some Swiss multi-nationals. If Obama wins in November the market will go down. A Romney victory will create a rally, but once he gets into office he will find there is not much he can do to make things better.”
Read more: http://www.businessinsider.com/byron-wien-smartest-man-in-the-world-2012-7#ixzz1zZZSoaMz
At least you post when you buy, not like many people who only posts the wins, after they sell. The market will keep rising until beggining of 2013 my opinion, will not matter whos is in office, it will be at this time to really load up on the Puts