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Surprise, A few thoughts. First of all, I hate to get stuck with a trade for that long term in any event - I mean if RIMM fell to say $4, you'd probably still hold those options and they'd probably end up expiring anyway, but you would use up alot of time waiting and hoping. If there is...

Hi atticus, I was wondering if you could walk us through the exact setup you have with that and what you look for in such a butterfly (i.e. do you look at percent chance of staying in a range, risk/reward, etc). If you don't want to give your exact details, maybe you could just lay out a...

They could buy all +/- 40,000,000 acres of farmland in North Dakota for ~$2300 per acre.

That is quite amazing - and here the media is pumping up the "New iPad" as having possible sales of 1,000,000 units the first day it sells - that would only net ~$500 million - not even 10% of the market cap gain in one day!

It's irrelevant to say the least - every single basic laborer can be replaced by industrial robots - and the price for labor continues to rise and the price for the robots continues to fall. People often look at companies and see what they have to offer that is tough for other companies (high...

I have a cell phone and stuff and I will never under any circumstance have a FaceBook page - Period - got it?

I think that's a bit of an exaggeration, considering the millions and millions of downloads of popular Android Apps. Also, I bought an Android phone recently I am very happy with and a Samsung Galaxy tab.

That's kind of scary - the OPs user name is stevebearman. :eek: Same person? Who knows.

I have to agree with you in a few ways - for one thing, this guy also mentions he has another kid entering private school (of he hopes) soon, so another 32K off the top. On the other hand, maybe he should just throw in the towel, move the family to Tulsa, get a decent job, and buy a 2100+...

This result reminds me that in one of Larry McMillans' books, he mentions that in his experience (I don't think he gave any specific data or anything), buying straddles for earnings was generally a losing proposition - however buying straddles for FDA announcements generally was a winning idea...

I don't think there is anything wrong with an Iron Condor in that situation as opposed to a short straddle/strangle. One thing is there are some people who just don't seem to want to buy options at all - they figure they are sellers and sellers have the edge (in their mind) and why would they...

Really, tell that to the credit card companies that write off millions of debt each year from consumers who die without a penny to their name. Also, many consumers file for a thing you may have heard of called "Bankruptcy" - so no "that means they must pay off their debts" is not true. And...

Whoa! Too hard to read - sorry. Just like Apple found out, everything has to be easy to use these days or people will ignore it!

I have no edge what so ever - just stating my opinion. People who claim they have an edge seem to be wrong most of the time anyway.

1. When stocks become #1, everyone goes after them - it seems like MSFT, XOM, GE and a few others have been #1 in market cap in the years I've been an adult and they all went under at some point - not sure how Apple can be different - not saying it can't hit $500 or even $700 first, but would it...

You might also want to consider this fact however: XLII Feb. 3, 2008 University of Phoenix Stadium (Glendale, Ariz.) New York Giants 17, New England 14 SPY start of 2008 (according to Yahoo data) : 148.53 SPY end of 2008 (according to Yahoo data) : 90.24 JJacksET4

Layaway isn't needed as much as it would be though as TVs and Laptops and so on are a fraction of what they used to cost. Also, buying on layaway could (?) be better then renting and Rent-A-Center and so on have been there for a while. Then again, at least you can get newer products more...

Norton, I think you are getting some good advice from the others here and I congratulate you for even thinking about that far into the future. I imagine that fact alone puts you above 99% of the people just starting out. I would also suggest looking into an IRA account and I don't know if...

I don't know exactly how to answer, but I guess every investment can involve some "hope". If the market roars upwards, I might then sell some Bear Call spreads figuring the market will have trouble going up in a str8 line. On the other hand, if SPY were to fall into the 117/116 or lower...

I do generally agree with you on that. If you look at SPY July 29, Aug 1, Aug 2, it was falling and the vol was rising quickly. Definitely might have been a sign to consider protecting the put side, whether closing or what. Obviously if you still had the LIC on by Aug 10th, things weren't...