Recent content by burtonridr

Watching the herd

You guys are funny, has anyone else read the book "Wall Street Money Machine"? Its an oldie but a goodie. The book goes into great detail on the exact subject the guy that started this thread is talking about doing. 5-10% per month really isnt that hard, the hardest part is narrowing down the...

Thats true... Anyone have a link to explain the way non standard options work? If I was given false information by my broker I'm gonna be pissed.

No I asked my broker, you only pay for 85 shares, not 100 shares. Or maybe I'm a dumb ass by false information.

thats odd... now it shows it at 1.64 per share lol

And I cannot get approved to buy a call through scottrade.... If you are interested, check out .JLWGB You buy the call for $163 with a strike at $10 per share, then exercise the option immediately to pick up 85 shares at $10 each plus $13.75 cash. Its a non standard option, thats why its...

LOL the chart I just checked shows it falling off the charts down to $0.01 per share :rofl I hope you didnt buy this stock.....

By a show of hands, how many of you had your stops placed in anticipation of this?

Just when I was gonna give up on this thread from all the negativity, more people posted some great proactive information :) Thanks to all that posted some proactive solutions! [/b] I have run through a few online courses over at CBOE, but its been awhile and I forgot some stuff. They are...

I'm working self employed, have a couple just for fun "jobs"(river rafting guide :D) lined up over the next few months, Starting a new business, have money in a retirement account, dont have much debt, Have money in savings, debt to income even unemployed is only 60%, I'm planning a trip to...

If I had got in yesterday I would continue to hold it long and continue to move my stops up. But, I will have to wait a few more days to see about getting in long now. 28% in one day is pretty euphoric IMO... But My god that volume jump is incredible. FITB up 54% as I type :D

BTW today I traded BAC stocks for a few hours and came out ahead $62 :) I bought 200 shares of BAC at $5.80 then held them until $6.04. Then rode the downside from $5.97 to $5.82 So I grossed $62 and paid $60 in trading fees lol Yesterday I did much better and had a net of about $50...

Believe it or not I full understood what you just said :).... But I dont have the experience that you have to work it as well as you do.

Thanks Spanish! I will check that stuff out. Out of all the commodities I have the best grip on oil. Just need to research futures trading a little. :)