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Chart, maybe instead of Seminary school to be a Pastor how about becoming a Financial Advisor? Posts: 1451 | From: Wisconsin | Registered: Jul 2006
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Shorted THC march 8 calls just before earnings. Now THC is trading in the hi 6's. Letting it expire. Repo is right. But you got to do your homework and have exit strategy.
Posts: 130 | Registered: Jul 2005
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quote:Originally posted by new2stocks: Chart, maybe instead of Seminary school to be a Pastor how about becoming a Financial Advisor?
There are MANY paths there, financial, music, food, --it's endless...
Just looking for "something" truly rewarding
Now back to Options!! In "the big picture" with Asian markets and with Bond funds now loading up, it seems the much waited market correction is REALLY here this time. Doesn't look like yet another head fake.
Buying at "extremes" you can buy more and more with every "headfake." Can't/wouldn't do that in the middle area!
-Although another "gift PUT" would be nice!!!!
QQQQ gapping down hard right now, $42.58 as I write this, down from yesterdays close of $43.33.
What amazes me is that some people will lose alot of money, and at the same time a little charting knowledge is making others rich... Those of us who bought PUTS are going to make serious money here. And all we had to do basically was look at a FREE site (stockcharts gallery page) and understand what was there...
"Knowledge IS power"
The power of NOT jumping in but waiting for an "extreme" to jump in is priceless... Stay away from the middle area IMO. The big, "quick" money is at the two extremes.
I hope everyone here adjusted their IRA's and 401k's to Bonds, I would expect this cycle to take about 6 months [look back at the weekly history chart in the gallery page at stockcharts. com].
I like flipping from the Euro-international funds to bonds and have done very well in my retirement plan. Careful, some Funds screw you if you don't stay in them for a certain amount of time. Vanguard Mutual funds like to do this... FYI
FWIW.. If I'm not on here we have some very nasty weather rolling through our area, last time we lost power for one - two days! So I may be having a snowball fight with the kids but I'll be back when the power is back on!!! LOL
quote:Originally posted by Chart walker: .UQQRS QQQQ JUN 45 Put 10 $1.30 bought for $1,300.00 3.04 now worth $3,040.00
Profit of $1,740.00 day 4
OK new question....
When we were first looking at the QQQQ puts, you purchase a June 43 PUT, and I am sure you are still holding that...would you buy another one like that now - since you know it matched the original indicators?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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White candlesticks and we are going down! ha ~ talk about confusion in the market place...
$43 is a magic number. 43 was support/res many times. So $43 is still a good buy in point IMO. Fire up your intraday charts and see in the 5 min if the cubes will go higher today, if so wait and let the price of those PUTS fall some for you.
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Dow, Nasdaq Poised to Open Lower AP - U.S. stocks headed toward a lower opening Friday for the final session of a wild week as investors were left without the plethora of economic data seen lately and instead looked to a falling dollar and a few big profit reports.
Pick a stock with low volatility (NYSE Blue chip) that is going to pay a QUALIFIED dividend.
Buy the stock the day before the ex-date. Also sell a call for the same amount of shares. After the ex date and the price adjustment, dump the shares and buy back the call.
You should make money not on the stock price, but on the dividend and the call (call will be slightly less when you buy it back - it doesn't adjust exactly like the stock).
The qualified dividend part is good for tax reasons.
I haven't figured out the details like which calls to sell in terms of strike prices yet, but I wanted to do a test.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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Short 30 * THC march 8 calls * .10 One day before earning, now THC trades in hi 6's. Letting the calls expire, because it isnt eating up much on my margin account.
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OK Chart, these are kinda options and kinda chart questions...I was looking at the weekly charts you posted previously for the cubes, and decided I would pull up the charts of some of the others you mentioned...GOOG, MSFT, SPY, etc. and see if I could pick the buy points and what you would attempt to buy...correct me if you would...
MSFT you could have bought a 22 or 23 call once you had that long white candlestick in July 06 - then, in Jan, a put at 31 or 30 would have been the thing once those red candles confirmed the downtrend...that Stochastic is a no-brainer, isn't it?
GOOG looks like it is at the bottom, or nearly at the bottom of the Stochastic and the Accum/Dist is turned down...the candles I don't like as much because it isn't a clear up or down to me...by the indicators, I would say call, but I would likely stay away from GOOG because of the wide strike price variation at the levels GOOG trades at...
SPY - man, this one looks like an extreme top, so I might even consider a put on this next week for September (or whatever the next period is after June) just out of the money. All indicators pointing down, or turning that way at least...
OK, that was enough questions...how close was I?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by SherriT: I checked EOD, and I was up $50 on a $900 investment in one hour, and I didn't have any fear about it...
DEFINATELY on to something....
WTG SherriT!! Rock on! No doubt you're a little more ahead today with the present drop! Remember gaps fill but EOD shows what's going on. they'll bouce around but market is weak right now...
Status on our experiment:
Our FIRST Put .QQQRQ QQQQ JUN 43 Put 20 for $1.31 cost us $2,620.00 selling now for 2.09 $4,180.00
Profit of $1,560.00
Our second Put .UQQRS QQQQ JUN 45 Put 10 for $1.30 $1,300.00 selling now for 3.41 $3,410.00
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REPO... -word had it you were banned! lol ~ Welcome back!
Your questions are very deep, give me a week to work through some models and back testing, -as well as "what if's." I'll get back to you... Interesting. Do you think it can out perform what we are doing with these straight CALLS and PUTS at "extremes?"
UBBFriend: Email this page to someone!
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