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Gotta put the turkey in...sux!
BTW Mr. godlike SATAN, what about CCMI? I was considering buying that Friday. TIA
You're the man. Give me your thoughts.
SATAN, what's your interest in this stock if you have no position? Are you our daddy looking after our investments? If so what about SFNN, SLJB, AANI, and XKEM?
Thanks, dad!
SATAN is on this board too? I thought he went away? He must have been in jail or got commited for the 3 day limit w/o authorization.
SFNN too! I flipped it and bought back at closing time.
Let's ROCK after Thanksgiving!
I like SLJB too for a bounce once the company figures out who is going to be in charge for the long haul.
I like XKEM as the company comes nearer to completion of its drug making plant.
CCMI and AANI also.
Thank you for the info allyaustin. Looks good to me but how does CCMI get to a dollar to qualify? I don't see a halfway exchange from their PR. R/S?
Complete Care Medical, Inc. Prepares Financials for Move to NASDAQ Bulletin Board
Wednesday November 15, 7:30 am ET
HOUSTON, TX--(MARKET WIRE)--Nov 15, 2006 -- Complete Care Medical, Inc. (Other OTC:CCMI.PK - News) announced that it is preparing its current and historical financials to complete an audit and begin the necessary filings to move the company to the NASDAQ Bulletin Board.
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"We have been diligently working to increase our revenues and to organize our financials to move the company to the NASDAQ Bulletin Board. We will begin the auditing and filing process in January 2007. Complete Care Medical is growing its new business and revenues at a steady pace and it is time that we begin the process to move the company to an exchange that better suits our needs. We are excited about becoming a fully reporting and to be able to reflect our successes to the financial community on a regular basis," said J.P. Monteverde III, President and CEO of Complete Care Medical, Inc.
Complete Care Medical, Inc. is goal oriented to provide cost effective direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company is currently working on launching new divisions designated to deal with disease specific illnesses in the United States and South America.
About Complete Care Medical, Inc.
Through its subsidiaries, Complete Care Medical, Inc. provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offer healthcare payers, healthcare providers, healthcare professionals, and patients easy access to utilization and compliance data in order to improve patient outcomes and improve quality of life. Website: www.ccmedicalinc.com
About Medication Brokers
Our mission is to fulfill the healthcare needs as it relates to providing them access to the best-priced medications and supplies -- and in doing so, exceed their expectations for service, quality and value. We will strive to earn our customers' long-term loyalty by working to deliver more than promised, being honest and fair and "going the extra mile" to provide exceptional personalized service that creates a pleasing business experience. Medication Brokers is committed to providing its customers a one-stop shopping solution.
Forward-Looking Statements: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
Question for anyone:
I'm thinking about buying CCMI. The company petitioned to move to the Nasdaq. Will the company have to R/S to qualify? Is there a PPS dollar limitation?
TIA
:)
TRADING FLOOR SECRETS: What's With the VIX?
Tuesday November 21, 2:15 pm ET
By Scott Kramer
The VIX stands for Volatility Index and measures the level of fear and greed in the market as reflected in the price of options. The two primary forces moving the market are not P/E ratios and the Federal Reserve, but rather fear and greed.
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When the markets have a strong and prolonged advance people tend to get complacent and feel that there is no eminent danger of a correction. This is when the VIX typically falls. Then after the markets sell off sharply and/or for a prolonged period of time, investors get nervous about the market's future and the VIX rises. I could go into more detail about the phenomena, but I don't have the room and that is not the focus of this article. This article is going to address the practical and not the theoretical.
Currently the VIX is trading at 9.94, very near all-time lows. This would indicate that the fear of a possible market decline are not at the forefront of people's minds. What does that mean? A sell-off is coming. I do not think it will happen today, or even this week, as that would be too easy, and we all know that the markets seldom make things easy.
When will the decline begin, and what will prompt it? Who knows? It most likely will come when no one expects and it from an unforeseen event. The seeds are already planted, though. We are at record highs in the markets. We still have low interest rates. We are involved in war. Real estate prices are weak, but still holding value stronger than many professionals expected. Unemployment numbers, though rigged and misleading, are low when compared to other rigged and misleading unemployment numbers. Oil companies seem to be making a fair amount of profits keeping the valuations of stocks fairly priced, though slightly skewed. Top that off with the beginning of the holiday season this Thursday and you have the makings for a strong 4th quarter in the stock market, right? Perhaps, but....
A sell-off in the markets is coming, make no mistake about it. When? Most likely the trading day after all the shorts in the market can no longer take the pain and have closed their positions. In addition, it will probably be marked by an event that, though seems relatively significant at the moment, most likely will be a nonevent in hindsight. What kind of event would that consist of?
Who knows? If I knew, I certainly would be too busy trading to have time to write this. I would love to be rich enough to have Bill Gates over scrubbing my floors. It could be something as insignificant as a reversal of the mad rush of people camping out at Best Buy to reenact the Who Concert Stampede with the launch of Play Station III. Everyone running back to the store to refund the 15 Play Stations because the bids on Ebay evaporated could set off panic about Christmas present returns before December 26th.
Or, it could be something as significant as OBL attacking us, and us having to attack Puerto Rico looking for weapons of mass destruction. But whatever it is, it will happen sooner than later. If we make it to the end of the year without a significant decline, I suspect January will be pretty for bullish investors, or nirvana for all the shorts who held on and bought cheap volatility.
So how does a low VIX affect different option strategies?
ATM Vertical Spreads:
Tend to cost more that if at higher volatility levels because the option sold will not bring in as much as would if volatility were higher. Obviously the sale of the same spread would be the opposite in that you would tend to get more than normal.
OTM Vertical Spread:
Tend to be cheaper because the odds of the market advancing greatly OTM lessens as volatility decreases.
ATM Butterfly Spreads
Increase in price since the likelihood of the stock closing at the present area (which is what is hoped for with an ATM butterfly) is increased with small volatility.
OTM Butterfly Spreads
This depends how far OTM. Great distance OTM will cause a decrease in the butterfly spread price, whereas a butterfly that is only slightly OTM may actually increase or decrease depending on several variables.
Time Spreads
This is a double edged sword. Buying a time spread when volatility is low will result in the cost of the spread being less; however, the potential profit to be made will also likely decrease due to the farther out in time option remain at the near-term expiration not being worth much. The good news is that because the spread is long vega, an increase in volatility could result in a good profit being made on the spread even if the stock doesn't necessarily move in the ideal direction. A time spread purchased on high volatility often loses money, even at the ideal underlying price, if the market stabilizes and volatility decreases.
Straddles and Strangles
These positions will be at their cheapest when volatility is low. Like the time spread, this can be a double edged sword. When you buy a cheap straddle the amount that can be lost (the cost of the straddle or strangle) is minimized, and a good profit can be made if volatility increases as is often expected. The downside is that when volatility is low, even though vega and decay will be low it can be frustrating being long a position that makes money in volatile situations when the market doesn't move much. This is where is pays to be a good gamma scalper, one who can trade their gamma efficiently and mathematically in order to offset time decay until volatility increases and profits are made.
Collars
Low volatility does affect collars to some degree in that you are looking for movement of stock, preferably up, but ultimately in either direction in copious amounts. Since the cost of the put is offset by the sale of the call, the options prices tend to offset each other somewhat, but it is the underlying movement you are looking for.
Married Puts
Cheaper cost of hedging is offset by less potential for magnitude in stock profit due to the retarded action of the stock.
Covered Call
Dumb strategy in most circumstances since it is the same as selling a naked put, but compounded by the fact you will be selling a synthetic naked put for little money due to the lower volatility levels. In addition, because a low VIX indicates a higher than normal likelihood for a market sell-off, why would you want to sell a synthetic naked put? This weekend I heard an analyst on CNNBCCKL advocate that this is a great time for covered calls. I hope that if he is making recommendations to people who consider him a guru, that he participates in his trading philosophy.
In Conclusion (as if I were able to make a point)
Low volatility does affect the prices of various positions. Some for the better and some for the worse. This is the awesome power of having a thorough options understanding.. You can trade in any market direction and environment provided you understand the mechanics of the instrument you are trading, whereas simple stock holders must be getting a little nervous right now, especially when the market starts to stall out in magnitude and direction.
If you are shaky on any of these concepts and how volatility affects the trades, I would strongly consider signing up for a seminar and get more knowledge. Whatever the cost of your intellectual investment may be, it could be very reasonable compared to the learning it after the fact.
Scott Kramer
Staff Writer and Trading Strategist
Optionetics.com ~ Your Options Education Site
Visit Scott Kramer's Forum
Flipped SFNN and my XKEM went up. All in all, a very nice day before the holiday.
You got that coma right. I'm out 10 min. after eating.
Be safe over the holiday!
I'm back in. I sold earlier. Damn flippers! :)
What hurts is I was going to sell at .11 that last run. Now I'm down. Timing is everything.
I need the PPS to rise 4 more cents to break even. Somebody buy 400 million shares.
CCMI applied for Nasdaq listing. Do they have to do an R/S to qualify? Is there a $5 rule?
There will be profit taking the last hour before a holiday.
What is the O/S? TIA
I almost pulled the trigger.
What a Thanksgiving present this is today! Yee...haw!
SFNN screaming!
SMARTMONEY you were totally right w/ SFNN.
Thank for that link!
10Q is the same song and dance. Big dreams but no money.
Glad you guys caught a break. Petar's tenure as CEO was equal to putting a 5 yr. old in charge of the elementary school.
What exactly has caused the PPS to rise so much the past few months? TIA
Absolute collapse here. WTF?????
My basis after leveraging down is .06. WTF!
We're doing alright. Many of us bought into that big run. BUT..we bought into the last run because we believed...unless there were flippers.
Were there flippers? Nah! That doesn't happen but in the movies!
Hey, let's have a great day tomorrow! We've reached the bottom. The bottom was peaceful but I'm ready to breathe air instead of water.
Good luck tomorrow but it won't matter.
Total scam!
Can't believe this is down today. Goes to show what I know.
Don't worry, dudes! I'll start dating Paris Hilton and convince her to hang with my posse! We'll party in L.A. and ride out the SLJB storm!!!
I wonder why this CEO has always gone out on a limb to be buddies with his shareholders if he is trying to screw them. I get the impression that he is a guy that should be with the workers and not management. He seems lost in his job. I personally think he is truly struggling with his position. I also think the financials will be out soon enough.
My past history says this will rebound. I had 2 bad expierences but other than that, my stocks have always rebounded to a PPS greater than what I panicked and sold at.
Forget my prediction of .055, I say this hits .075 or higher Friday. I bet the A/F comes out.