We've got the 13,000 post sage criticizing a half decade old clip and a 12,000 post post poster defending its presence. Whoa, what a tug of war. Will there be more?
Me? I'm scratching my head (and balls) trying to ascertain what remote relevance this concept (Jiffy Lube not the tug)...
W H A T ?????????????
Options are a small element of the overall scheme.
The retail proportion even smaller. I think YOU can relate to small.
Gap up and sell off, specialist/market maker in unisom by design with an alibi.
Since 1928 the SPX has been up 61% of the time in August with an average gain of 0.7%. During the 3rd year of the Presidential Cycle the SPX has been up 70% of the time with an average gain of 0.9%. The best ever August for the SPX was 1932 (+37.3%) the worst 1998 (-13.9%).
Since 1979 the...
Cutting losses quickly, with emotional detachment is the hallmark of a good trader.
Adding to a losing position only compounds the problem.
Martingales often require deep pockets, and at least strategically timed installments. A loss well into 6 figures gets no sympathy from me.
To...
Dividend capture (long only) is "iffy" due to the specialist/mm reducing by the amount of the dividend.
Adding a short leg does NOT neutralize price movement due to this reduction PLUS slippage (spread, commission AND owing the dividend to the party borrowed from).
A DNR order probably...
About the only true demarcation would be between electricity and natural gas.
Many electric utilities use a combination of coal/petroleum as sources. Factor in nuclear for some, hyrdo for others. Stated another way, no pure plays.
I will say utilities in general are capital intense...
With the exception of post-holiday July 5th, today was SPY's tightest range since April.
Expect some range expansion with a catalyst or alibi.
Pssst, which direction?
Calls will be assigned in 2 days, then it's BACK to summer.
In theory a hedge fund is to be "hedged". Long and short positions and a net posture.
In terms of 2 & 20, to might get the 2% out of Joe Sixpack, but I have my doubts about the 20. Of course you have to have capital gains to consider the 20 anyway.
I'm finding it hard to believe...
Jimmy Rogers is indeed correct in terms of demand.
Envision three graphs:
1. From the dawn of mankind (Neanderthal or Adam & Eve) to 1920.
For simplicity, call it 50,000 years. By 1920 the earh amassed 1 billion
The resulting graph would have a very wide X axis and a short Y axis...
What? Wasn't Jimmy Rogers a peanut farmer in Alabama as a kid?
IF so, he should know better. IF not, he's got some flaws in his theories.
More farmers? Draw people? Eh...land is finite. And price per acre is lofty. IF anything, there will be less farmers tilling more acres. But...
Not net long, NO shorts.
Booking the over-bought and entering into energy.
Volume declining isn't a negative divergence. Consistent with summer. Also means "less sellers".