Stock Picks
May 2nd, 2013 at 7:19:28 PM
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I did something a little different today.
GameStop Corp.(GME) has been on a tear lately. I don't know if it's a short squeeze or irrational exuberance but either way, Up or Down the stock isn't going to stay where it is. At the time I put the order together, GME was at 35 1/2. I bought 5 GME July 20, 2013 $36 Calls at $2.21 and 5 GME July 20,2013 $35 Puts at $2.59 for a grand total of $2400. If GME moves away from 35 1/2 by 5 points in either direction before July 19th, I'll make money, if not, I lose. So far, progress is being made. GME closed at $36.31. I could close this position at a tiny profit right now but I'm going to ride it out a few days. This GameStop has no earnings.
GameStop Corp.(GME) has been on a tear lately. I don't know if it's a short squeeze or irrational exuberance but either way, Up or Down the stock isn't going to stay where it is. At the time I put the order together, GME was at 35 1/2. I bought 5 GME July 20, 2013 $36 Calls at $2.21 and 5 GME July 20,2013 $35 Puts at $2.59 for a grand total of $2400. If GME moves away from 35 1/2 by 5 points in either direction before July 19th, I'll make money, if not, I lose. So far, progress is being made. GME closed at $36.31. I could close this position at a tiny profit right now but I'm going to ride it out a few days. This GameStop has no earnings.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 6th, 2013 at 7:22:50 PM
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GME didn't move as much as I thought it would so I closed the position for a tiny profit after commissions. I'll take it.
I closed my stock position in TSLA to lock in the profit but I didn't want to lose out on any future rise so Friday, I bought call options on TSLA at a strike price of 57 1/2 that expire in September. This strategy frees up cash for other investments. TSLA can also be volatile so a large gain can become a loss before you notice. Buying call options limits my loss but lets me share in the gains. So far, just today, those options are up nearly 40% (the underlying security is up even more in after hours trading, w00t!!).
I also took small positions in SZYM, SPWR, NVDA and CVV and closed my position in SCTY. I want to get back into SCTY but I'm going to wait until its recent run up in price gets digested.
I closed my stock position in TSLA to lock in the profit but I didn't want to lose out on any future rise so Friday, I bought call options on TSLA at a strike price of 57 1/2 that expire in September. This strategy frees up cash for other investments. TSLA can also be volatile so a large gain can become a loss before you notice. Buying call options limits my loss but lets me share in the gains. So far, just today, those options are up nearly 40% (the underlying security is up even more in after hours trading, w00t!!).
I also took small positions in SZYM, SPWR, NVDA and CVV and closed my position in SCTY. I want to get back into SCTY but I'm going to wait until its recent run up in price gets digested.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 7th, 2013 at 4:08:20 PM
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If I can gloat when I guess right, I can cry when I guess wrong. Today was a bad day! No winners except COST in the retirement account. Everything else fled south. I bought on weakness at the end of the trading day. I'm hoping for a dead cat bounce.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 7th, 2013 at 4:23:51 PM
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General question, but where do you see the Dow going from here?
May 7th, 2013 at 4:37:22 PM
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Difficult to see, always in motion is the future.Quote: BozGeneral question, but where do you see the Dow going from here?
If I had to pick a short term direction, I would say flat but I'm terrible at overarching direction. I've been waiting for a significant correction since February. Not some one day 150 point drop but a sustained drop of 1000 or more points in the course of two or three weeks with panicky days. But every time I guess that's going to happen and sell off everything, the next day is a record high that I miss out on.
After three months, if no mega-disasters natural or man-made happen, the market will continue to go up. It always does. That's why it's important for the investor to buy a mutual fund and never look at the market again. What I'm doing is not investing, it's gambling with positive EV.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 8th, 2013 at 4:56:40 PM
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Sometimes you bet on the right number in roulette and sometimes you pick the right stock. Today, Tesla Motors released earnings that beat the street and the stock shot up in aftermarket trading. I don't think it'll sustain that level come morning but none the less, I'm in for a very good day tomorrow.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 11th, 2013 at 10:22:25 PM
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I should have waited :(Quote: s2dbakerGME didn't move as much as I thought it would so I closed the position for a tiny profit after commissions. I'll take it.
I'm going to try the same strategy with shorter term options. It all depends on where GME is when I execute the trade but right now, GME is at $38.38. I expect it to move this week so I have three strategies from which I'm willing to choose.
1 Wide) The Long Strangle
Buy GME May 18 $39.50 Call @ $0.31
Buy GME May 18 $37.00 Put @ $0.27
Total cost (sans commission and fees ) $0.58 and I make money when it moves beyond the range $36.42 to $40.08
Risk of ruin $0.58 * 1800 = $1044
I could buy 18 with $1044
1 Narrow) The Long Strangle
Buy GME May 18 $39.00 Call @ $0.45
Buy GME May 18 $37.50 Put @ $0.40
Total cost (sans commission and fees ) $0.85 and I make money when it moves beyond the range $36.65 to $39.85
Risk of ruin $0.85 * 1200 = $1020
I could buy 12 with $1020
2 Long) The Long Straddle
Buy GME May 18 $38.50 Call @ $0.66
Buy GME May 18 $38.50 Put @ $0.81
Total cost (sans commission and fees ) $1.47 and I make money when it moves beyond the range $37.03 to $39.97
Risk of ruin $1.47
I could buy 7 with $1029
2 Short) The Long Straddle
Buy GME May 18 $38.00 Call @ $0.91
Buy GME May 18 $38.00 Put @ $0.58
Total cost (sans commission and fees ) $1.49 and I make money when it moves beyond the range $36.51 to $39.49
Risk of ruin $1.47 * 700 = $1043
I could by 7 with $1043
3) The Long Guts
Buy GME May 18 $37.00 Call @ $1.64
Buy GME May 18 $39.50 Put @ $1.47
Total cost (sans commission and fees ) $3.11 and I make money when it moves beyond the range $36.39 to $40.11
Risk of ruin $0.61 * 1700 = $1037.00
I could buy 17 with $5287 (much more money up front but $2.50 per option or $4250 is guaranteed in value )
If I'm willing to accept a half point more of risk, I would go for #1 Wide. I'm fairly confident that GME will at some point this week, trade outside of the band $36.42 to $40.08. If it trades for more than $1.00 outside of that band, I could sell the Strangle for a $1800 profit.
fear vs. greed
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 11th, 2013 at 10:48:02 PM
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I have been saving some money and I was thinking about opening an account on etrade or ameritrade. I'd probably start out small with like $1000 because I have no experience with the market. Does anyone think this is too small of an amount to fund and trade with? Also any pointers on what type of stocks would be good for this beginner. Thanks.
May 12th, 2013 at 7:16:48 AM
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If you're going to make investing decisions for yourself, you nominally want to buy common stock on multiples of 100 shares. With $1000, you could buy 100 share of something that's $10 per share or 200 share of something that's $5 per share.Quote: BeardgoatI have been saving some money and I was thinking about opening an account on etrade or ameritrade. I'd probably start out small with like $1000 because I have no experience with the market. Does anyone think this is too small of an amount to fund and trade with? Also any pointers on what type of stocks would be good for this beginner. Thanks.
When I started my investing/gambling account last October, I started with $8,000 and that money came from the escrow account after my refinance. Since I'm now in charge of paying the taxes and insurance on my own property, I decided to use this cash as seed money for my return to the market. From this account, I've paid my insurance and all of 2013's property taxes (which on Long Island is a LOT!) and the account is currently worth $13,400 (thank you Tesla).
$1000 might be a little light but you could invest in a something safe like a mutual fund until you're more comfortable with calling your own shots. I suggest joining The Motley Fool community and reading up on "How To Invest". They will tell you to do the exact opposite of what I'm doing because what I'm doing is not investing, it's gambling and they are right!
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 12th, 2013 at 8:43:18 AM
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One more thing. If you haven't opened an account yet, I suggest OptionsHouse. They seem to have the cheapest commissions for common stocks at $3.95/trade.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 12th, 2013 at 10:02:58 AM
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Finaly hit with True Religion for a nice gain on buyout info. Still not as good as if I would have sold it last year, but still a good profit. Coach is coming back and I just need to pick a sell number and I am done with Luxury Retailers for a while.
May 12th, 2013 at 6:24:41 PM
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Thanks for the info s2dbaker
May 12th, 2013 at 8:11:46 PM
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My portfolio is a confused jumble at the moment. I currently have cash in my account so I'm off margin. I think I'm going to stay off margin until something negative happens. I'm still looking for that 1000 to 2000 point correction in the Dow. The trick is catching the falling knife but first the knife must fall. I keep seeing the market rise and it scares me. It's like 1987 all over again. All we need is a run on the Yen and a poor M1 money supply report and BOOM 508.12 point loss!Quote: BozFinaly hit with True Religion for a nice gain on buyout info. Still not as good as if I would have sold it last year, but still a good profit. Coach is coming back and I just need to pick a sell number and I am done with Luxury Retailers for a while.
You're welcome :)Quote: BeardgoatThanks for the info s2dbaker
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 12th, 2013 at 9:08:15 PM
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Sounds like you think it's a good idea to sit out a while then?
May 13th, 2013 at 3:13:52 AM
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Yes but I also use myself as a contra-indicator because I am notoriously and consistently wrong when it comes to timing to market.Quote: BeardgoatSounds like you think it's a good idea to sit out a while then?
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 15th, 2013 at 5:00:09 PM
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I didn't pull the trigger on this trade. GameStop closed at $38.99 but still has tomorrow and Friday to shuffle about. I'll post a Profit or Loss report after Friday's close. I'm doing this mainly for myself as a learning tool. If I don't write things down, I forget about them.Quote: Me... GME is at $38.38 ...
1 Wide) The Long Strangle
Buy GME May 18 $39.50 Call @ $0.31
Buy GME May 18 $37.00 Put @ $0.27
Total cost (sans commission and fees ) $0.58 and I make money when it moves beyond the range $36.42 to $40.08
Risk of ruin $0.58 * 1800 = $1044
I could buy 18 with $1044
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 16th, 2013 at 4:35:41 AM
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I bought 4 put options on WMT ($80 strike price, Friday expiration) for $1.15 each at the close yesterday. Walmart just reported some ugly numbers. I just knew I should have gone with the much cheaper $77.50 options. Now I'm kicking myself.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 17th, 2013 at 5:30:15 PM
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GME Closed at $39.76 (very close to its high mark of the day) which means that my strangle would have lost money. Value at Close: Puts, $0.00 + Calls, $0.26 - Cost $0.58 = Loss of $0.32 or $576.00 on the 18 Contracts.
On a lighter note, I sold everything at the close today, locking in the largest profit that I've ever made on a stock in one week. Thank you SolarCity!! I'm a little bit depressed in that I will never see that happen again in my portfolio in my lifetime but it sure was a fun ride! I shall cry all the way to the bank.
Next week is a new week. I have no intuition, no inkling, no feeling about the direction next week and that spooked me so I liquidated. I can always buy back.
On a lighter note, I sold everything at the close today, locking in the largest profit that I've ever made on a stock in one week. Thank you SolarCity!! I'm a little bit depressed in that I will never see that happen again in my portfolio in my lifetime but it sure was a fun ride! I shall cry all the way to the bank.
Next week is a new week. I have no intuition, no inkling, no feeling about the direction next week and that spooked me so I liquidated. I can always buy back.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 17th, 2013 at 5:34:36 PM
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s2dbaker, it is interesting that you say that you've liquidated. I have lately been talking myself into, for the first time in my investing experience, possibly liquidating everything also. Even though I'm a long term investor, I feel that there is much better value in the near future. My belief is that the market will soon start anticipating rising interest rates and it ain't gonna be good. I haven't done that yet but.....
DO NOT blindly accept what has been spoken.
DO NOT blindly accept what has been written.
Think. Assess. Lead. DO NOT blindly follow.
May 17th, 2013 at 5:43:15 PM
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When I liquidate, it usually lasts about a weekend. I'm pure speculation and in this very bullish market, I've done well. I'm timing the top and I know my timing stinks but like I say and do, I can always buy back on Monday. Who knows, one of these days, I may time it perfectly and be sitting on a wheelbarrow of cash when the market turns nasty, just waiting to jump back in when it gets oversold.Quote: steeldcos2dbaker, it is interesting that you say that you've liquidated. I have lately been talking myself into, for the first time in my investing experience, possibly liquidating everything also. Even though I'm a long term investor, I feel that there is much better value in the near future. My belief is that the market will soon start anticipating rising interest rates and it ain't gonna be good. I haven't done that yet but.....
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 18th, 2013 at 9:29:26 AM
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I promised an accounting for these strategies and now that GME's options have expired we can count the money. I'm going to include a "What If" to demonstrate how these would have worked out "If" GME had closed at a price of $41.50Quote: s2dbaker1 Wide) The Long Strangle
Buy GME May 18 $39.50 Call @ $0.31
Buy GME May 18 $37.00 Put @ $0.27
Total cost (sans commission and fees ) $0.58 and I make money when it moves beyond the range $36.42 to $40.08
Risk of ruin $0.58 * 1800 = $1044
I could buy 18 with $1044
1 Narrow) The Long Strangle
Buy GME May 18 $39.00 Call @ $0.45
Buy GME May 18 $37.50 Put @ $0.40
Total cost (sans commission and fees ) $0.85 and I make money when it moves beyond the range $36.65 to $39.85
Risk of ruin $0.85 * 1200 = $1020
I could buy 12 with $1020
2 Long) The Long Straddle
Buy GME May 18 $38.50 Call @ $0.66
Buy GME May 18 $38.50 Put @ $0.81
Total cost (sans commission and fees ) $1.47 and I make money when it moves beyond the range $37.03 to $39.97
Risk of ruin $1.47
I could buy 7 with $1029
2 Short) The Long Straddle
Buy GME May 18 $38.00 Call @ $0.91
Buy GME May 18 $38.00 Put @ $0.58
Total cost (sans commission and fees ) $1.49 and I make money when it moves beyond the range $36.51 to $39.49
Risk of ruin $1.49 * 700 = $1043
I could by 7 with $1043
3) The Long Guts
Buy GME May 18 $37.00 Call @ $1.64
Buy GME May 18 $39.50 Put @ $1.47
Total cost (sans commission and fees ) $3.11 and I make money when it moves beyond the range $36.39 to $40.11
Risk of ruin $0.61 * 1700 = $1037.00
I could buy 17 with $5287 (much more money up front but $2.50 per option or $4250 is guaranteed in value )
GME Closed at $39.76
1 Wide:
Proceeds, $0.26 * 18 * 100 = $468
Cost, $0.85 * 18 * 100 = $1044
Net Loss $576
What If = gain of $2556
1 Narrow:
Proceeds, $0.76 * 12 * 100 = $912
Cost, $0.85 * 12 * 100 = $1020
Net Loss $108
What If = gain of $730
2 Long:
Proceeds, $1.26 * 7 * 100 = $882
Cost, $1.47 * 7 * 100 = $1029
Net Loss $147
What If = gain of $1071
2 Short:
Proceeds, $1.76 * 7 * 100 = $1232
Cost, $1.49 * 7 * 100 = $1043
Net Gain $189
What If = gain of $1407
3 Guts:
Proceeds, $2.76 * 17 * 100 = $4692
Cost, $3.11 * 17 * 100 = $5287
Net Loss $595
What If = gain of $2363
I incorrectly named the straddles long and short, they should have been short and long respectively. Since GME went up in price, the strategy that actually made money should be labelled Long. Four out of the five strategies lost money including the one that I favored. As it should be, the strategies with the lowest risk did better than the ones with the highest risk but in our "What If" scenario, the low risk instruments were the poorest performers.
I learned something. If you expect a stock to rise a lot in the short term, then a straddle with in the money calls and out of the money puts is probably the best way to go. If you expect a stock to stay flat, it's probably best to sell a strangle (just be careful, you could be on the hook for a LOT of money if things don't work out).
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 24th, 2013 at 12:59:03 PM
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The below is from the World Health Organization. This is NOT good news. Especially for those, such as myself, who already have health issues.
"These findings suggest that the novel virus had been evolving and might, with a few amino acid mutations, adapt to humans," say the authors of a published Wednesday evening by the New England Journal of Medicine.
Webby says the H7N9 viruses analyzed so far have receptors that allow them to latch onto cells of both birds and humans. To transmit efficiently between humans, the virus has to lose its avian gene sequences. The Nanjing virus samples seem to be on the way to doing just that.
"On a scale from 1 to 10 — from an avian virus with no potential to infect humans to a fully human-adapted strain — we don't know exactly where this H7N9 is," Webby says. "But I think we can safely say from these data that it might be closer to 10 than the avian viruses we've seen infecting humans in the last decade."
In other words, he thinks H7N9 is close to becoming capable of causing a catastrophic flu pandemic.
"These findings suggest that the novel virus had been evolving and might, with a few amino acid mutations, adapt to humans," say the authors of a published Wednesday evening by the New England Journal of Medicine.
Webby says the H7N9 viruses analyzed so far have receptors that allow them to latch onto cells of both birds and humans. To transmit efficiently between humans, the virus has to lose its avian gene sequences. The Nanjing virus samples seem to be on the way to doing just that.
"On a scale from 1 to 10 — from an avian virus with no potential to infect humans to a fully human-adapted strain — we don't know exactly where this H7N9 is," Webby says. "But I think we can safely say from these data that it might be closer to 10 than the avian viruses we've seen infecting humans in the last decade."
In other words, he thinks H7N9 is close to becoming capable of causing a catastrophic flu pandemic.
DO NOT blindly accept what has been spoken.
DO NOT blindly accept what has been written.
Think. Assess. Lead. DO NOT blindly follow.
May 24th, 2013 at 1:33:57 PM
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Sorry about your health issues steeldco, but I'd give my left nut to see a catastrophic flu pandemic, as I'm triple short the market. Yes, I'd make serious money but would probably end up dead due to virus. At least I would finally be on the right side of the trade.
Each day is better than the next
May 24th, 2013 at 1:41:02 PM
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I believe that your market shorts will pay off in the not too distant future, if you have the patience and stomach for it.....assuming, of course, that we're not all dead by that time.
DO NOT blindly accept what has been spoken.
DO NOT blindly accept what has been written.
Think. Assess. Lead. DO NOT blindly follow.
May 24th, 2013 at 4:01:41 PM
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I am in total agreement, I thought that yesterday was finally going to be the beginning of that 2000 point correction that I've been waiting for.
I was wrong yet again.
I also noticed that on the short term, I have been unwinding positions too early. I have been leaving money on the table by getting out too early. It happened again today. I had a TSLA 92.5 Call in my IRA that expired today. I sold if when TSLA was at 94.5 (Netted $0) but I could have gotten a $300 profit had I waited two hours. Argh!
I am going to buck my feeling of dread by staying in the market since I'm always wrong about market direction. Next week should be a low volume record setting rise followed by that 2000 point drop I've been predicting since last fall.
By the way, it looks like the bubble finally burst on GME. It would have been a good day to own some puts.
I was wrong yet again.
I also noticed that on the short term, I have been unwinding positions too early. I have been leaving money on the table by getting out too early. It happened again today. I had a TSLA 92.5 Call in my IRA that expired today. I sold if when TSLA was at 94.5 (Netted $0) but I could have gotten a $300 profit had I waited two hours. Argh!
I am going to buck my feeling of dread by staying in the market since I'm always wrong about market direction. Next week should be a low volume record setting rise followed by that 2000 point drop I've been predicting since last fall.
By the way, it looks like the bubble finally burst on GME. It would have been a good day to own some puts.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 24th, 2013 at 4:21:34 PM
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Dunno nothing about stocks, but GameStop might be in some trouble in the future. Their big thing is buying and selling used games.
The NextGen consoles coming out require a person to d/l the game to a hard drive, which then makes the disk itself unnecessary. The buyer is free to give said disk to any of his friends who may want the game (they'd have to acquire an online code to use it, but that is obtained right through the console and then they can get rid of the disk). In short, I see the value of the disk itself dropping a bunch, which is bound to put a hurting on GameStop since that's where a lot of their revenue comes from.
I'd look to Sony. With the fury over the new Xbox "gaming console" (they keep using that word. I do not think it means what they think it means), I think many are going to switch over.
The NextGen consoles coming out require a person to d/l the game to a hard drive, which then makes the disk itself unnecessary. The buyer is free to give said disk to any of his friends who may want the game (they'd have to acquire an online code to use it, but that is obtained right through the console and then they can get rid of the disk). In short, I see the value of the disk itself dropping a bunch, which is bound to put a hurting on GameStop since that's where a lot of their revenue comes from.
I'd look to Sony. With the fury over the new Xbox "gaming console" (they keep using that word. I do not think it means what they think it means), I think many are going to switch over.
The opinions of this moderator are for entertainment purposes only.
May 24th, 2013 at 4:28:41 PM
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One of my contra-indicators is a "news" site called Moneynews. They recently sent me this bear market indicator:
Just to be clear, these people are always wrong. Here is what they sent me on August 25, 2009Quote: MoneynewsDear Moneynews Reader,
I recently interviewed my favorite stock picker . . . Bill Spetrino.
Bill’s model portfolio has captured 161% returns since 2009 and his readers have done great following his wisdom (one man even made $1.2 million listening to Bill’s advice).
But with the stock market hitting all-time highs, I wanted to see if Bill thought it was time to get out before the a sell-off wipes out our gains.
To my surprise, Bill said: “Buy more.”
In fact, he believes the stock market is poised to rally 399% (catapulting the Dow to 60,000!).
We can expect to market to crash. The question is when, not if.Quote: Moneynews, August 25, 2009The U.S. dollar is going the way of the Mexican peso: down!
More than $10 trillion in government spending is triggering a sudden and massive devaluation.
The TARP chief told Congress the federal bailout will now total over $23 trillion! That would be over $70,000 per person.
But if you act fast, you can protect your life savings from 1970s-style mega-inflation . . . and you could DOUBLE your money . . .
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 27th, 2013 at 7:36:05 PM
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And right on cue, Moneynews brings a ray of hope to the future by predicting the stockpocalypse. Now I'm assured that this bull market has some legs.
I guess they think that if they predict everything will happen then they'll get something right.Quote: MoneynewsWiedemer, best known for correctly predicting the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States during the “Great Recession”, provides disturbing evidence in the video interview for 50 percent unemployment, a 90 percent stock market crash, and 100 percent annual inflation . . . starting as soon as 2013.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
May 28th, 2013 at 7:58:35 PM
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I don't buy/sell stocks, but what do you all think of FHMA? It's been at 0.30-0.40 for a while and blew up to $4 today.
"Man Babes" #AxelFabulous
June 2nd, 2013 at 6:46:12 PM
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OK. I'll bite. What is FHMA?
DO NOT blindly accept what has been spoken.
DO NOT blindly accept what has been written.
Think. Assess. Lead. DO NOT blindly follow.
June 19th, 2013 at 6:05:28 PM
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Just an update. SVA and SIMG have done awfully well and will continue to do so. CKSW will end up being an awfully nice return. OPTR has a ceiling to it since I know that they are trying to sell themselves and will end up with an okay return.
DO NOT blindly accept what has been spoken.
DO NOT blindly accept what has been written.
Think. Assess. Lead. DO NOT blindly follow.
June 19th, 2013 at 8:19:57 PM
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My market gambling continues. My current positions include AMD, DDD, PWRD, SCTY, SPWR, SZYM, and TSLA. SZYM took off mid-day today but gave back a lot after the Bernankalypse this afternoon. Hopefully the Fed anxiety has been priced out of the market and it'll be smooth sailing until earnings season in July.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
June 20th, 2013 at 7:04:58 AM
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I believe that we will be in for a rocky few months and if interest rates increases dramatically towards the end of this year then I think we're going to end up with one helluva buying opportunity.
DO NOT blindly accept what has been spoken.
DO NOT blindly accept what has been written.
Think. Assess. Lead. DO NOT blindly follow.
July 3rd, 2013 at 11:42:13 AM
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Just an update to my picks that have been previously posted. Awfully nice returns on SVA and SIMG. Both will be going considerably higher. CKSW is just starting to heat up again. Lastly, OPTR today was said to have narrowed the bidding to 3 companies. That deal should be announced soon and we will exit then.
Symbol Time & Price Change Volume Shares Mkt Value Day's Val Chg & % Price Paid Gain & % Gain Annualized Gain
SVA 01:00pm EDT 3.95 0.01 64,808 2,150 $8,492.50 up $21.50 up 0.25% 3.72 up $486.50 up 6.08% 29.57%
SIMG 01:00pm EDT 5.91 0.02 187,767 1,500 $8,865.00 up $30.00 up 0.34% 4.61 up $1,942.00 up 28.05% 57.85%
CKSW 01:00pm EDT 8.41 0.21 45,188 1,000 $8,410.00 up $210.00 up 2.56% 8.04 up $362.00 up 4.50% 5.60%
OPTR 01:00pm EDT 15.18 0.62 1,356,392 571 $8,667.78 up $354.02 up 4.26% 14 up $665.78 up 8.32% 10.77%
Total $34,435.28 up $615.52 up 1.82% up $3,456.28 up 11.16%
Also, I am adding CCIH to the portfolio. Hugely undervalued Chinese company involved in the internet there.
Symbol Time & Price Change Volume Shares Mkt Value Day's Val Chg & % Price Paid Gain & % Gain Annualized Gain
SVA 01:00pm EDT 3.95 0.01 64,808 2,150 $8,492.50 up $21.50 up 0.25% 3.72 up $486.50 up 6.08% 29.57%
SIMG 01:00pm EDT 5.91 0.02 187,767 1,500 $8,865.00 up $30.00 up 0.34% 4.61 up $1,942.00 up 28.05% 57.85%
CKSW 01:00pm EDT 8.41 0.21 45,188 1,000 $8,410.00 up $210.00 up 2.56% 8.04 up $362.00 up 4.50% 5.60%
OPTR 01:00pm EDT 15.18 0.62 1,356,392 571 $8,667.78 up $354.02 up 4.26% 14 up $665.78 up 8.32% 10.77%
Total $34,435.28 up $615.52 up 1.82% up $3,456.28 up 11.16%
Also, I am adding CCIH to the portfolio. Hugely undervalued Chinese company involved in the internet there.
DO NOT blindly accept what has been spoken.
DO NOT blindly accept what has been written.
Think. Assess. Lead. DO NOT blindly follow.
July 11th, 2013 at 4:05:10 AM
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Ah, the good old days. Fortunately I still own a pile of TSLA but I'm looking to sell now that the stock has hit 125. The question is when and the answer is, not before Monday.Quote: s2dbakerSometimes you bet on the right number in roulette and sometimes you pick the right stock. Today, Tesla Motors released earnings that beat the street and the stock shot up in aftermarket trading. I don't think it'll sustain that level come morning but none the less, I'm in for a very good day tomorrow.
By the way, Ben Bernanke said something yesterday and the futures market shot way up. Since I use my own feelings about the direction of the market as a contrary indicator, I feel that the market is going to have an awesome day today which means that the market will probably gap up at the start and then gradually fall all day long until it closes down.
I hope that I'm right/wrong.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 11th, 2013 at 5:18:44 AM
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Quote: s2dbakerAh, the good old days. Fortunately I still own a pile of TSLA but I'm looking to sell now that the stock has hit 125. The question is when and the answer is, not before Monday.Quote: s2dbakerSometimes you bet on the right number in roulette and sometimes you pick the right stock. Today, Tesla Motors released earnings that beat the street and the stock shot up in aftermarket trading. I don't think it'll sustain that level come morning but none the less, I'm in for a very good day tomorrow.
By the way, Ben Bernanke said something yesterday and the futures market shot way up. Since I use my own feelings about the direction of the market as a contrary indicator, I feel that the market is going to have an awesome day today which means that the market will probably gap up at the start and then gradually fall all day long until it closes down.
I hope that I'm right/wrong.
Good job with Tesla. I'd put a trailing stop loss on the stock and add to position until TSLA rolls over but that's just me. I was 100% confident that Bernanke was going to signal to markets that the accommodative policy would continue as long as it takes........whatever that means. I took large SPXL position 5 mins before yesterdays close. Just gaming the system. Got lucky.
Each day is better than the next
July 11th, 2013 at 12:40:47 PM
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w00t!! Today was a good day to be long.Quote: treetopbuddyGood job with Tesla. I'd put a trailing stop loss on the stock and add to position until TSLA rolls over but that's just me. I was 100% confident that Bernanke was going to signal to markets that the accommodative policy would continue as long as it takes........whatever that means. I took large SPXL position 5 mins before yesterdays close. Just gaming the system. Got lucky.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 12th, 2013 at 2:40:29 PM
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AT&T offering 15.00 a share cash for Leap Wireless after close today. Leap closed around 7.50 a share. More insider trading on this deal. Around 2:30 this afternoon "they" were buying the July 9 calls for 7 cents on heavy volume. The contracts are now worth approximately 8 dollars a contract......114 times your investment in 90 mins..... not bad. Cheating does pay. SEC will be looking at trades but nothing will come of it......insider trading is just part of the game.
Each day is better than the next
July 12th, 2013 at 5:05:05 PM
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Leap was on my radar. So was Steinway. I have to learn when to pull the trigger on these trades better.Quote: treetopbuddyAT&T offering 15.00 a share cash for Leap Wireless after close today. Leap closed around 7.50 a share. More insider trading on this deal. Around 2:30 this afternoon "they" were buying the July 9 calls for 7 cents on heavy volume. The contracts are now worth approximately 8 dollars a contract......114 times your investment in 90 mins..... not bad. Cheating does pay. SEC will be looking at trades but nothing will come of it......insider trading is just part of the game.
In Tesla news, just as I thought would happen, no one was selling today in anticipation of the big ETFs having to come in and buy Telsa because of its move to QQQ. Right at the close, there were two enormous trades of over a million shares. I sold covered call options into the frenzy. they expire in a week. Well see in a week if that was a smart move but I picked up $3.45 per contract so even if Tesla goes up, I'll still get the equivalent of $133.45 per share. If Tesla goes down, I keep the shares and the $3.45 option premium.
Yesterday, I bought 5 contracts of TSLA at 125 strike that expires today at $1.45. I sold them too soon today but I just wanted out, I got $3.00 for double my money. Had I waited, I could have gotten at least $4.50, I'll cry all the way to the bank.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 12th, 2013 at 5:34:17 PM
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Good job with Tesla. Collect a little time premium. Most of the "shorts" are out so it's probably going to be tougher sledding from here on out......Having said that, it probably goes straight to 200.
Each day is better than the next
July 16th, 2013 at 8:12:05 AM
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Or 100 :) Looks like my crystal ball is still working. I'm not going to try to catch the falling knife this time though. I'm just going to watch TSLA for a few hours and see what happens.Quote: treetopbuddyGood job with Tesla. Collect a little time premium. Most of the "shorts" are out so it's probably going to be tougher sledding from here on out......Having said that, it probably goes straight to 200.
SHFL was the big gambling related winner today as Bally takes it over! I sold that one way too soon. Curses!!
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 16th, 2013 at 8:18:44 AM
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CKSW is moving up nicely.
July 16th, 2013 at 8:21:10 AM
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look again :(Quote: UCivanCKSW is moving up nicely.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 16th, 2013 at 8:23:52 AM
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Sorry, I got in after U posted here.
July 16th, 2013 at 8:43:26 AM
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What am I missing on the most recent CZR run from $12 to over $17 with a slight pullback? All this for the "rights" to give them more money for the potential of online gaming?
July 16th, 2013 at 9:52:48 AM
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I'm staying away from that mess.Quote: BozWhat am I missing on the most recent CZR run from $12 to over $17 with a slight pullback? All this for the "rights" to give them more money for the potential of online gaming?
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 17th, 2013 at 9:17:56 PM
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I bought back into the selling spree a couple of hours too soon. I thought I was doomed but TSLA bounced high today leaving me with a healthy profit and still holding onto some call options for Friday expiration as gravy. It's been a sick rollercoaster ride the last couple of days. Since I'm on the winning side, I can say I love it! But I hope I don't do anything that stupid again.Quote: s2dbakerOr 100 :) Looks like my crystal ball is still working. I'm not going to try to catch the falling knife this time though. I'm just going to watch TSLA for a few hours and see what happens.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 19th, 2013 at 2:24:26 PM
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Meh! So much for gravy. Everything expired worthless. Better luck next week says I.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
July 24th, 2013 at 10:31:54 AM
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Sorry I wasn't around earlier. NXPI is a semiconductor company that puts chips into cell phones that allow customers to buy things. It's a 1st mover. About the time this thread was posted it was 25 bucks. It was 33 the last I checked. At the time is was a buy/hold until 2015. Europe is where the chips were first used as America is usually late on getting in on me technologies.
33% in 1st year is sweet!
33% in 1st year is sweet!
Buffering...
