Search results

Lost like 1k. Caught the bottom well and reversed long for big money got short too soon in the afternoon, got chopped to pieces. In long term stuff, my puts only gained 20c or so, even with the smh down like 60c. I thought vols would go up faster, especially with Japan.

Holy Batman!!! Nikkei down 5%, feels like godzilla tramped through. Any idea why gold didn't go up? Seems like you buy gold when in fear.

Interesting on the iron condor. Your net credit is 4.5, what type of margin does that eat up to make $450? Is that just for November?

SMH down over a beener after hours. I bought a few against my puts and against my short klac. Good luck guys.

I trade a lot, but some things like gold can't be predicted, I just think it goes up for years, and I bought a huge chunk cheap and they'll have to pry it from my cold dead hands if they want it back. On stuff like smh, I'm much more willing to play around. I made 4 round trips today both...

Interesting, I really prefer the smh puts to anything else b/c my risk is defined, and if we do have a washout, I will make a huge %. Same with gold. I think that buying these 2 dollar minis is the best play. Just look at where they were in 1996. There is so much more % leverage than even...

Problem with dow is that i expect a weak dollar, lots of stock in the dow like MMM/KO/MCD will really be beneficiaries of a weak dollar, while stuff like semis which are produced using soon to be very expensive asian currencies and sold in america will be squeezed hard.

I think you undersatnd exactly what I am saying. My choice is SMH. I think that QQQ has slightly better value just b/c so much of it is MSFT and MSFT is sitting on cash.

Another 6 pts. I really cannot find news except the absolute collapse of the euro, and drubbing in yenland. Surprisingly, the 10 year is up today. I added a few more SMH puts while covering my common for a beener. Hollywood, I think we are onto something, this board is just me and you...

Powerful day today. Any idea why? Currencies barely moved. I agree with you, if you look at where many of these traded back in 96, when we were last in the mid 400's, you can really be looking at 20 baggers. I own all of those except AGT (didn't like how the chart has not kept up) and...

Hollywood, as always, thankyou for your input. If you like BGO that much, I'll add a few more tomorrow. I loaded up on SMH puts today. Feels toppy, but then TXN reported a good number. I will probably add a few more. I'm buying Nov/DEC 37.5's. At a buck or so, it seems rediculously cheap...

Looks like I will be there. I think I'm comming a few days early if you guys are interested.

Yeah, it was sweet. I have just a lousy dime from a buck 20.

Hey, Thought we needed an update. NXG looks good now, up like 30% since it was posted on here. Too bad I only have 40. I don't think I added to that, if I did, it was pennies. I bought a smidge more of most names on wed thru fri. Nothing much though nickles and dimes. I added a quarter...

Lawrence, very interesting stuff. I had never really considered that fully. Chessman- I think it is just in asking them how they apply what they are doing, what are worst case scenarios, how they respond to those? I don't know how to fully explain it. You can tell very fast though. Think of a...

I am not sure I agree with that fully. Take a fund trading lots of options. They may just slowly bleed premium, yet show little risk. I really think that in most cases, Sharpe just shows volatility and not directional volatility. The best way to look at a manager really is to look at a period...

Cutten- Excellent list. I would add that small funds tend to outperform the large funds, and guys just in their first few years usually beat those who have done it a while and are already rich. Basically, you want to invest with guys who are poor, want to be filthy rich and know this is...

DEF- These are the 2 things that I want most from IB. BB stocks and Pink Sheets. Before you guys go overseas looking for stuff to trade, why can't you guys get these for us. Lower fees on size. I know that Island costs you nothing, and you make money when we add liquidity. There should...

Expect to loose pretty big every so often. Expect to loose small a lot. Pyramid in.

You get slapped around a lot, but it has also made me a few hundred % a year for years. It just takes practice and iron balls.