Thursday Foolishness: More Of The Same With One Trade [View article]
Also, the BOJ tries to jack up the Dollar from the Nikkei open to close to cheer up their exporters, once the Nikkei closes, they often drop the pretense and the Dollar drops and the market pops a bit - making for a very easy trade (when it's working).
Thursday Foolishness: More Of The Same With One Trade [View article]
You're welcome Auto.
One reason brokers discourage options for retail accounts is that, if you learn how to hedge your account, you will trade less and that generates less fees for them.
Our virtual Income Portfolio (to generate retirement income with a minimum of fuss) gets updated once a month and performs great but that's a nightmare for a broker, who want to see people moving their money in and out of things as the market flies up and down.
Unless, of course, the broker has convinced you to put your money into ETFs or Mutual Funds - as those take a fee every month whether you trade them or not. What a racket!
Thursday Foolishness: More Of The Same With One Trade [View article]
Hi Kalle! We're a small company with just one part-time customer service guy so we don't really do phones. There's no hard-selling at PSW, we have many Membership levels that let you step up from trying us out to a full Membership - even the Report Membership, which is just $695 a year ($99/month), allows you to browse back on our chat sessions that are 7-30 days old so that anyone can easily go back and read at least a month's worth of posts before deciding if they feel one of our more advanced Memberships would be helpful to them.
Frankly, we don't WANT people who need to be convinced to join us because what we teach is hard work - not some "get rich quick" scheme for the markets. We expect time and effort to be put in by our Members to learn the PROFESSION of trading and that's not for everyone.
Yes, of course we have Members all over the World (see the globe on our main page to see who's on-line recently) and you can contact us by Email but we're not here to sell you anything - we're here to teach people who want to learn and who, eventually, will themselves become one of our many great contributors.
Thursday Foolishness: More Of The Same With One Trade [View article]
That's a very good adjustment. Actually we would pull the FAZ hedge with less than a 50% loss once we felt BAC was on its way safely but you are right - if you intend to keep the hedge to the bitter end regardless of actual movement - Shorting FAS has a better chance of success.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
My my, aren't we testy.
Both links I used go somehwere when I click them and the 2nd link does have the chart I indicated but low on the page. I'm not sure that saying "Stockcharts-dot-com" really qualifies as providing a link but I'm sure it does in your mind...
So I see you use the logic that, since oil collapsed just as Bush was finally being shown the door, you will ignore the fact that for the other 7 years of his term oil averaged over 100% higher than the price you are using.
I guess I'll accept your logic and credit Obama with a 100% gain in the markets - making him the most economically successful President in history by your logic - so I guess we should make him Emporer for life and continue his reign of uniterrupted prosperity?
Lies, damned lies and statistics, Skookum - Mark Twain had your number 100 years ago...
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
I'll be writing about the mechanics in the morning as we have a great example of how the shell game is played.
Meanwhile, TBoone is part of the process - he gets his guest spot on CNBC whenever they need to jam up oil prices. Today he actually said "$300-$500 oil prices" if Saudi Arabia has a revolution - as if there is no such thing as unaffordable to consumers who, presumably, will pay $300 to fill up their tank.
Maybe along with hyperinflation that includes major wage increases but, in this environment - completely ridiculous but that's what TBoone and the peak oil crowd are pushing for - a World that is run with the sole purpose of scrounging up enough money to pay the oil men.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
Sleep is highly overrated.
I don't sleep much and I'm not up every night but when things are excting in the markets, I tend to get out of bed and go check the computer and, since we have Members all around the World, there's always plenty of people on-line to chat with.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
Wasn't that hysterical?
Burned us but we pressed our bets at $102, of course. At worst, we figure this is a pump job to stick it to drivers at the pump over Thanksgiving but, after that, things should normalize.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
Not 2 weeks but 2 more weeks. And actually, with a 700M - oh, excuse me, 698Mb SPR and all but 3M barrels of our daily oil supply coming from the US, Canada and Mexico (and another 1Mbd from our pal Chavez), OPEC could cut us off for 2 years and we'd still be fine.
That's why, when the price of oil spikes because of some rebels doing something in Nigeria - it's just total nonsense.
Oil trusts, meanwhile, are great investments, we play those all the time.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
So you just make up numbers? Is that the way it works? I notice you clevery don't actually link to a chart nor do you mention that 5.1% of $20 is $1 while 4.7% of $60 is $2.82 so your apples and oranges comparison is the one with a clear agenda, not mine.
Other than the 70s Iran thing and a brief spike in 1990, oil never saw $30, let alone $40 before your boy Bush came into office. As to Obama, the point is the laws need to be changed back to stop the manipulation - Obama hasn't done that yet but to try to fob off the fact that he took office after the Bush Economic Collapse that sent oil back to $30 and use that as some kind of statistic to show Obama somehow caused a 38% spike in oil prices - well, Skookum, let's just say that if you said gravity was still in effect I'd have to check for myself now.
Which Way Wednesday: Durable Goods And The Bernank [View article]
Sadly, we have long October options that were doing well and now suck but we're going to be adding to them, not bailing out as we thought today's move was mainly Dollar-driven on more EU fear nonsense that's not likely to sustain. Overall, though, we are close to 75% cash in our allocations and about 15/10 bullish into today's close - what we call "Cashy and Cautious" - so it's not like we have any major bullish conviction but the positions we added this afternoon left us 60% bullish.
Which Way Wednesday: Durable Goods And The Bernank [View article]
Our trade idea on AGQ (from 2:25) is:
AGQ back to $102 and $97 was Monday’s low before they popped back to $130 yesterday morning. Oct $150 calls are $3.30 and the Oct $120 calls are $8.60 so $5.30 to be gained on a $30 move. On the other hand, the Oct $180 calls are $1.65 so risking roughly $1.65 to possibly make $5.30 is a good risk/reward and you can sell the Oct $60 puts for $2 if you want to offset it and those are an even roll to the Jan $45s so I like that play – even though risky.
Just Another Manic Monday: Value Investing [View article]
By the way, whenever you think a post is missing something, you can just click over to PSW, where any post that is up on SA is available for free viewing on our site as well (but not all of our free posts are on SA, so it's always good to check out our site). SA does not include videos and certain images for reasons I'm not quite sure of.
Thursday Foolishness: More Of The Same With One Trade [View article]
Thursday Foolishness: More Of The Same With One Trade [View article]
One reason brokers discourage options for retail accounts is that, if you learn how to hedge your account, you will trade less and that generates less fees for them.
Our virtual Income Portfolio (to generate retirement income with a minimum of fuss) gets updated once a month and performs great but that's a nightmare for a broker, who want to see people moving their money in and out of things as the market flies up and down.
Unless, of course, the broker has convinced you to put your money into ETFs or Mutual Funds - as those take a fee every month whether you trade them or not. What a racket!
Thursday Foolishness: More Of The Same With One Trade [View article]
Frankly, we don't WANT people who need to be convinced to join us because what we teach is hard work - not some "get rich quick" scheme for the markets. We expect time and effort to be put in by our Members to learn the PROFESSION of trading and that's not for everyone.
Yes, of course we have Members all over the World (see the globe on our main page to see who's on-line recently) and you can contact us by Email but we're not here to sell you anything - we're here to teach people who want to learn and who, eventually, will themselves become one of our many great contributors.
http://bit.ly/uQEGJj
Thursday Foolishness: More Of The Same With One Trade [View article]
Thursday Foolishness: More Of The Same With One Trade [View article]
That Phil Davis guy makes an excellent point too!
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
Both links I used go somehwere when I click them and the 2nd link does have the chart I indicated but low on the page. I'm not sure that saying "Stockcharts-dot-com" really qualifies as providing a link but I'm sure it does in your mind...
So I see you use the logic that, since oil collapsed just as Bush was finally being shown the door, you will ignore the fact that for the other 7 years of his term oil averaged over 100% higher than the price you are using.
I guess I'll accept your logic and credit Obama with a 100% gain in the markets - making him the most economically successful President in history by your logic - so I guess we should make him Emporer for life and continue his reign of uniterrupted prosperity?
Lies, damned lies and statistics, Skookum - Mark Twain had your number 100 years ago...
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
Meanwhile, TBoone is part of the process - he gets his guest spot on CNBC whenever they need to jam up oil prices. Today he actually said "$300-$500 oil prices" if Saudi Arabia has a revolution - as if there is no such thing as unaffordable to consumers who, presumably, will pay $300 to fill up their tank.
Maybe along with hyperinflation that includes major wage increases but, in this environment - completely ridiculous but that's what TBoone and the peak oil crowd are pushing for - a World that is run with the sole purpose of scrounging up enough money to pay the oil men.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
I don't sleep much and I'm not up every night but when things are excting in the markets, I tend to get out of bed and go check the computer and, since we have Members all around the World, there's always plenty of people on-line to chat with.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
Burned us but we pressed our bets at $102, of course. At worst, we figure this is a pump job to stick it to drivers at the pump over Thanksgiving but, after that, things should normalize.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
I won't run but, if elected - I will serve.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
That's why, when the price of oil spikes because of some rebels doing something in Nigeria - it's just total nonsense.
Oil trusts, meanwhile, are great investments, we play those all the time.
Which Way Wednesday: Popping Or Topping With The $100 Oil Scam? [View article]
Here's the longer-term chart of oil: http://bit.ly/rPWfRj
Here's another: http://bit.ly/t4ajct
Other than the 70s Iran thing and a brief spike in 1990, oil never saw $30, let alone $40 before your boy Bush came into office. As to Obama, the point is the laws need to be changed back to stop the manipulation - Obama hasn't done that yet but to try to fob off the fact that he took office after the Bush Economic Collapse that sent oil back to $30 and use that as some kind of statistic to show Obama somehow caused a 38% spike in oil prices - well, Skookum, let's just say that if you said gravity was still in effect I'd have to check for myself now.
Which Way Wednesday: Durable Goods And The Bernank [View article]
Which Way Wednesday: Durable Goods And The Bernank [View article]
AGQ back to $102 and $97 was Monday’s low before they popped back to $130 yesterday morning. Oct $150 calls are $3.30 and the Oct $120 calls are $8.60 so $5.30 to be gained on a $30 move. On the other hand, the Oct $180 calls are $1.65 so risking roughly $1.65 to possibly make $5.30 is a good risk/reward and you can sell the Oct $60 puts for $2 if you want to offset it and those are an even roll to the Jan $45s so I like that play – even though risky.
Just Another Manic Monday: Value Investing [View article]