Recent content by Rob on Business

Nicely explained, Cache Landing, and thanks for your personal reply! It sounds like you are available to be a good coach. Too bad it comes just at the time I can't trade! As you explained, your last workings with straddles/strangles wasn't working - what is the name of the strategy you use now...

Thanks Cache Landing, I think I mentioned in a previous post that I would indeed do more of what you do, given enough acc't size to do it. How much on average does one need to start playing spreads? I've been with IB and have very much enjoyed their low commissions, although they don't have any...

No, it's just that I bought on the edge of my margin, and minutes later, the call dropped in value a few cents, sending my acc't into negative margin, triggering the sell. My discipline is not right and I am now dead in my acc't. Every single mistake and misfortune I could possibly suffer has...

Well, it sure took off, but I still was a fumbler. In @$0.95 and out @$1.25. I wasn't present to sell until today, and didn't set stops since I thought it would recover with the onset of inevitable weather. Panicked on the midmorning drawdown and sold before it completely recovered and then...

What's "Big Pharma"? I tried looking it up but no results. By the way, how'd you come up with your moniker? Happy Trades...

That bane is right on! Patience, patience... I bought and started reading Options as a Strategic Investment by Lawrence G. McMillan, and have heard your mention quoted before as well. I use Bolinger Bands and the 20EMA to gauge habits and tendencies in stocks and find that the most helpful...

Thanks guys, for the replies. I appreciate your kind attentiveness. I am drowning here, stuck in my last losing DNA call, my last trade if it doesn't pick up soon. The Nasdaq was down a good bit today, as I suspected over the last couple of weeks it would be. Truthfully, after the last 3 up days...

I'm surprised they take such a hard line with him. He's a brilliant man, but I'll concede he's certainly not right all the time. And I say that as a swing trader, whereas his picks are intended for 18mos. or so, meaning I haven't ever gone so far as to check his picks long term. I look up his...

I see now you mentioned above your symbols you were trading them in verticals and I missed that. It sounds like a strategy I should be using as I am a fairly green trader and have been spending my acc't learning from my directional trading mistakes. The one thing I have learned is paramount in...

You were right and I was wrong about the $95 resistance point. What made you think it was that strong, seeing it had already passed it recently? And how do you arrive at the $93 and $90 figures? I would like to be able to do that. By the way, is the spread trading you're doing referred to...

I've been busy the last few days, and not posting as intended. Tha QQQQ puts went well, as expected, but playing the bounce the last 2 days did not - as I expected. I still expect the rest of Dec. to be down in the markets generally. Tried a play on another recommendation by Cramer - SIRI...

I'm aware that XMSR is SIRI's competitor and I did not choose it instead because the fundamentals don't look as good as SIRI's. It by the way is also going down, even worse than SIRI, and that off a high. I'm not as confident SIRI will recover as when I first got in, but I have to give it...

Right after I last posted, SIRI was rebounding strongly, thought it might return more than the QQQQ's might, so shortly after market open Dec.15, I sold 1 of my 3 QQQQ puts, @$0.30, at a loss of $11.50, and bought 1 SIRI Jan7.5 call @$0.45. My son had also called me the same day and said, as a...

How did you figure AAPL was going down this week? It looks so steady. Was the analyst downgrade today expected or not figured at all?

Uh, sorry - that's a "support" point.