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  1. J

    BNI Puts

    If you were to buy it at 98 and wait till it got to 100 you'd only make 2 percent. It may take a while for the deal to go through, and there is always a chance that the deal could not go through for some reason. In that case the stock would get crushed and you would lose a lot. Also, factor in...
  2. J

    Trade Schwab ETF's for Free

    It is probably, at least partly, to attract more daytraders to their site. They hope they will come for the free etfs and trade other securities as well, generating a commish.
  3. J

    Options Action on CNBC

    I agree, everyone has a lot to learn. But you much more than the people on options action. So what if she made one bad trade. We all do. But she likely limited her losses and moved on.
  4. J

    BNI Puts

    It is clear from this post and the trade that you just put on that you have a lot to learn about the mechanics of the stock market. I'm not saying I know it all, but I am saying you don't know it all. 1. No, I'm not long. I'm just responding to a very terrible trade. You are shorting a 100...
  5. J

    BNI Puts

    LOL. "Doesn't want to breakdown." Wonder why? Maybe because THE RICHEST MAN IN THE WORLD IS PAYING 100 DOLLARS PER SHARE FOR IT. Keep shorting 100 dollar bills at 98 dollars.
  6. J

    BNI Puts

    LOL. Very funny.
  7. J

    Options Action on CNBC

    Jeez man. You have a lot to learn. Sometimes slower and safer is better. Like you said, it has a smaller reward but it RISKS LESS, and the traders on option action think their trades have a good probability of being profitable. You don't need to try to shoot for the moon on every trade...
  8. J

    Would you buy an ounce of gold for $50? They wouldnt!

    OK I see your point. In your house example, buying a house for 500k and seeing its worth go to 200k would mean it lost value, but still retained some value. Thats what I meant with gold. It will almost always retain some value even after a bubble. But I'll say this again, I'm not buying nor do I...
  9. J

    Would you buy an ounce of gold for $50? They wouldnt!

    THAT DOESN"T QUALIFY AS RETAINING VALUE?!?!?! It was still worth something after the bubble even at the lows. Thats the definition of retaining value!
  10. J

    Would you buy an ounce of gold for $50? They wouldnt!

    OK again, I never said that it hasn't happened before. I am saying it most likely will not happen again. Slavery used to be legal, do you expect that to be legal again in the future? Also, they could just as easily outlaw all guns as well, especially if there are lawless riots. Besides, if...
  11. J

    Would you buy an ounce of gold for $50? They wouldnt!

    Yeah, thats why I said gold will retain most of its value, I never said all. After the last gold bubble gold still retained most of its value.
  12. J

    long theta and long vega

    short VIX puts or VIX in the money spreads?
  13. J

    just starting out

    If you someone said to you, "flip a quarter 100 times, and if it lands on heads 99 times then you triple your money, but if it lands on heads 98 times or less you lose everything," would you do it? Well thats about the odds you get when you daytrade. In fact, they are probably even less than...
  14. J

    Would you buy an ounce of gold for $50? They wouldnt!

    I don't know what gold possibly becoming illegal would have to do with certain guns being illegal now. I made the "illegal gun comment" because the guns that were posted would be illegal for civilians to hold. So if you "invested" in them and the feds found out, you would go to jail.
  15. J

    Would you buy an ounce of gold for $50? They wouldnt!

    No gold wouldn't be worth a thing in this case. And it has never happened. not since civilizations were first established. If every country fell the world would be in complete anarchy. Everything that couldn't be used would be completely worthless. You say economics changed when the US went off...
  16. J

    Would you buy an ounce of gold for $50? They wouldnt!

    1. I do not own gold in any form nor am I buying. However, if I was offered $1000 dollars worth of gold or $1000 worth of guns or pork bellies, I'd take the gold. As for selling the physical gold, it would be plenty easy if the US was backed into a corner. You could just go into another...
  17. J

    Would you buy an ounce of gold for $50? They wouldnt!

    Civilizations have rosen and fell and gold still held its value. There is a finite supply and there will always be demand. The only way gold will never be valueable is if humans cease to exist or you are stranded on an island with no way of leaving. Neither will happen in either of our...
  18. J

    "BUY AND HOLD IS DEAD"

    Spindr0, I understand why you do not agree with buy and hold, but put your feet in the shoes of an average American. They do not know much if anything about finance or the stock market. How are they going to do anything but buy and hold? They want exposure to the equity market, which, has...
  19. J

    "I'm Doing God's Work" Meet Mr Goldman Sachs

    Pretty funny sketch about GS on saturday night live the other night. GOOGLE it.
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