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Now I know everyone is drinking methanol....
Trying to learn for the best ;)
Im trying to put into practice what you told me :) Wait for that perfect trade and execute it, dont trade just to trade. Im just trying to figure out which ones to buy.... Im thinking December 30's. Your take?
Best of luck to you buddy.
Either I get a bagger out of it, or the market dies we all buy ammo and I get to meet you at a FEMA camp.
My Case for buying VIX puts tomorrow:
Refer to the chart below. No time in history has VIX ever risen this high and then not returned to below 30 within 2 months. If the VIX continues to RISE without retracing, then we are all fucked regardless. Tomorrow I load the boat on VIX puts with plenty of time near the money and walk away
My Case for buying VIX puts tomorrow:
Refer to the chart below. No time in history has VIX ever risen this high and then not returned to below 30 within 2 months. If the VIX continues to RISE without retracing, then we are all fucked regardless. Tomorrow I load the boat on VIX puts with plenty of time near the money and walk away
I confused by your "sell" and "buy" VIX quote.
Sell and Buy what exactly?
Ouch, Dow keeps dropping AH... and no new vote till thursday at minimum.
We might see the end of QQQQ :)
What happened the day after the market last reacted like this, or the VIX was this high? Did it stabalize?
VIX puts here???
SHouldnt everyone be trying to buy VIX puts now???
This should be a puts dream, no?
IT IS ARMAGGEDDON!!!!!!!
RUN FOR THE HILLS!!!!!!
Just asking lol
Because the premiums are so high on VIX puts, has anyone ever shorted VIX calls before????
FCX October 75.. Ask is 103... PUT me in! :)
Are there options with usually lower premiums?
Is the main reason not to buy on a day like this is becase the high VIX is artifically inflating all of the options prices, so it is WAY to expensive on the premium?
?
I se it at .88
How the hell is my account GREEN today? My options are up but the stock is down.
Alright, who thinks we will finish green? LOL
When do you seasoned vetrans start buying in a market like this?
VIX 39!!!!!
How far can this go???
I hate you :-p
LOL, God lol
DOH!!!! Is a reordering of ones options portfolio required in this market, or better to just HANG ON?
Lo, God I hope you were joking
Ive got FCX Calls.... DOH!!!
Damn FCX is getting slaughtered!!!
Will this thing ever come back???
Hey you stole mine LOL.
I was just about to place that!!!
Are we allowed to have the same one, lol?
I have gold bullion in my bedroom :)
Think buying WB puts near open will be a good idea?
Citigroup, Wells Fargo in Bidding War for Wachovia
WACHOVIA, WASHINGTON MUTUAL, INSURANCE, CREDIT DEFAULT SWAPS, MERRILL LYNCH, JPMORGAN CHASE, MORGAN STANLEY, WALL STREET, U.S. ECONOMY, BAILOUT, BANKS, TOXIC MORTGAGE DEBT, WELLS FARGO
By The New York Times
The New York Times
| 28 Sep 2008 | 06:26 PM ET
Citigroup and Wells Fargo were locked Sunday in a bidding war over a possible emergency takeover of Wachovia , the New York Times said, citing people involved in the talks.
The U.S. government, led by the Federal Reserve and the Treasury Department, are also involved in the talks, the newspaper said. The government is resisting guaranteeing some of Wachovia's assets, as it did for Bear Stearns when it engineered that company's sale to JPMorgan Chase , and is also opposed to taking over Wachovia unless its financial position deteriorates more rapidly.
None of the banks immediately returned calls seeking comment. Talks could go past Sunday night, the newspaper said.
Citigroup and Wells Fargo are unlikely to bid more than a few dollars for share for Wachovia, whose shares closed Friday at $10, the newspaper said. It is unclear whether Wachovia would be sold as a whole or be broken up, or how much Wachovia bondholders might lose in any transaction, it said.
Investor concern about Wachovia mounted Friday after JPMorgan said it would take a $31 billion write-down on loans it acquired when it took over Washington Mutual's banking unit Thursday.
The write-down raised worry that Wachovia might have to take much larger write-downs on a $122 billion portfolio of option adjustable-rate mortgages it largely inherited when it bought California lender Golden West Financial Corp in 2006.
Wachovia, based in Charlotte, NC, has $400 billion in deposits and is the nation's sixth-largest U.S. bank by assets, taking into account the conversion of Goldman Sachs and Morgan Stanley into bank-holding companies this week.
Copyright © 2008 The New York Times
FCX:
"Peter D. Ward, the Lehman analyst who followed FCX, is now at Barclays. The Barclays research report dated Sept 26 2008 states: "We are initiating coverage on Freeport-McMoRan Copper & Gold with a 1-Overweight rating and a $181 price target, which assumes a firm value in one year of 5.2X our EBITDA estimate of $14.4 billion. This is in line with our previous rating and price target at Lehman Brothers." Further excerpt: "FCX remains out top pick in North America Metals & Mining. We continue to believe the assets of FCX remain significantly undervalued." The analyst bases his 1-Overweight recommendation and share price target on Cu prices/ lb. as follows: 2008E: $3.49; 2010E: $4.00; 2011E: $3.50; 2012E: $3.00. Expected Cu volumes (millions lbs.): 2008E: 4,006; 2009E: 4,466; 2010E: 4,756; 2011E: 4,531; 2012E: 4,699"
I dont get how that works, if you buy equal amount each way how can you still make money if it moves one way or the other, wotn it just cancell each other out? Can you explain to me how this can all work... it seems like the most logical thing to do then whenever a big decision comes out if you can make money either way somehow.
Hes only pulling out if the deal is not inacted by monday at open
w00t there are lots of us with FCX calls loaded....
FULL STEAM AHEAD!!!!
I know I am living in the twilight zone, but can anyone tell me WHY housing like TOL is rising? 100 million in insider sells. It sits at its 52 week high while housing markets are non existent and everything else is crumbling?
What am I missing? There must be some logic left in the market, and Im wondering what I am missing? Im not worried at all, just wondering who the hell is buying this stock?
Can you explain to me the significance of this?
I bought a March 100
KBH had HORRIBLE data today, and yet it is green. Am I in the fucking twilight zone?
Damn Your right DRYS is taking a BEATING.... when will it stop lol