Search results

Why do you assume I am some kind of a rookie who doesn't write options? SPY doesn't provides the strikes and safety and premiums and doesn't even compare to SPX when dealing with Iron condors and other strategies. Its liquid thats for sure. SPX as an index is not bad, its the monoply and...

Anyone who has ever ventured to trade SPX regrets to be in this index. SPX trades on a single exchange and lacks competition and pricing efficiency. Its a horrible index to get caught on an expiration Thursday if you are unlucky enough once. Thursday 8/16/2007 was index expiration, and SPX...

Dead and cheap. Negative earnings, falling sales. Great prospects right? Where is your common sense before you pull out P/E and PEG ratios. If you are interested in staying with this stock for 2 years and than come back and show me a 20% return, I would call you a value investor.

I manage my account full time. I hate to break it to you, that consistent income generation strategies are the way to go. Doing high probabilities trades and sticking to position sizes and not chasing high IV speculative trades is the way to be around for sometime. You can beat all these...

The size of account doesn't matter. Its the yield that matters. Pabrai has some 300 million in the market not 500 million to be correct. Yield is irrefutable. What it shows you that a smaller investor has a better yield than a larger investor and can scale up the whole set up if needed...

That may be true. This value investing would be a great strategy in bear market when you are trying to swim upstream going long and buying companies run down and depressed for some reasons. But why do that? In bear markets you should be shorting stocks and putting up bear credit spreads and...

Just to clarify the above is 5-10% return every month consistent over a 13 month period. For example year 2007 I invested $1 and my brokerage account has increased by 0.52 cents so far.

SPX perhaps is the worst possible index to trade. It takes me a whole morning once a month to place a trade and than I wish to God it expires worthless. I don't want to go back to those wide bid and asks prices that you can drive a Mac Truck though and struggle again. Those greedy market...

If RUT closes above 805 that it manages to break up its 200 day moving average resistance above , I would consider looking for a higher strikes roll or September contracts. Till than stay put and enjoy the volatililty fireworks. It can't hurt you. Here is what happened to me: I had a 30...

Three weeks ago I didn't have the book " DHANDO INVESTOR" by Mohinish Pabrai, now I do. Its a good book, deals with simple concpets and common sense arbitrage and buying businesses with durable moats. Heads I win, tails I don't lose much, is the center theme around all chapters in the book...

Do you know everything went back to normal in 60 some days? Those quants were back in business shooting fish in the barrel as usual. No one shed a tear here or there.

I would take rest of the stash, walk over to the nearest Indian Casino and start pulling $100 slot machines. I would ask for free beer and shrimp ala carte.

Stats are like theories - they sound great on paper but usually unravel when the light of reality is shown upon them. Trading is also easy when done on paper and/or when the use of stops is, er um, optional. [/B] Trading is also easy when backtesting archived data sources to death. The...

Congrats. You found the holy grail predicting the future.

Mortgage and Real Estate are cyclical industries, its usually a 7 year cycle. It started in 1998 and ended in 2005 and it will have down turns for a few years and come back so viciously that the demand can not be met and things will fly off the hook. It explodes like a neutron bomb. Where...

Is this a thread about HOW TO DECEIVE THE FEDS? That in itself is a criminal offense that carries severe penalties and jail sentences. A US citizen has to pay income tax no matter where he resides. Besides your brokerage house won't help you much they will report to the Feds on your 1099 or...

I'm thinking about just taking it all out and doing this all on my own. Besides the fact that my parents will probably disown me and never speak to me again, do you think I'm ready to manage such a large account? cm69 [/B] Why are you posing this question to strangers on the internet...

Staying on the sidelines for things to sort out. Took couple of gashes this week trying to trade. Not much fun when you open the month with losses sitting on the books.