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  1. W

    Bankruptcy or charge off ???

    Who is going to lend you money to pay a debt that you can't pay? It would have to be a friend or family member and trust me, better to owe the card company. They will likely take 10 cents on the dollar eventually. It is not the end of the world & right now you have plenty of company with a...
  2. W

    Who is still short? Be honest now.

    I've got four (Oct) SPX puts (940 strike) . My thinking is we will see a dip or two between now & the third week in October. I am not entirely convinced that the worst is behind us- we still have to see what happens with employment, the Alt-a/option arm mortgages & commercial mortgages. There...
  3. W

    So, the earnings beating season has begun...

    Don't worry, the earning will not be as bad as the "could" have been which will add more fuel to the rally. :D
  4. W

    CIT’s Customers Issue an Urgent Request to Obama administration

    CIT already received Tarp funds once, money the taxpayers will never see again. WHY would we be willing to throw more money into it? Let it fail. Despite the recent efforts, it is not governments job to finance failing businesses. Failing businesses should use bankruptcy law in any attempt...
  5. W

    After many year trading still making few stupid mistakes, Need to know I am not alone

    If you don't lose every once in a while you aren't trying hard enough! It's funny how a loss by failing to follow your plan is "stupid" but if you had made a profit it would have been pure "genius"!:)
  6. W

    Repair of a broken bear call spread?

    Thanks Dagnyt, I've done real well with the index options so far but these individual stock options are not working out as well for me. I am going to stick with index options for the time being and try to work on my individual stock options. I've only been at it for a month & am still up...
  7. W

    Repair of a broken bear call spread?

    Nothing wrong with it other than that pesky losing money thing:p I hear you though, if I can't handle losing I shouldn't be trading. I just have to watch the "impulse trades". This is my first real loss(newbie), it was also the first I hadn't put a whole lot of thought into. Live and...
  8. W

    Repair of a broken bear call spread?

    That is the "learning experience" portion of the loss.:( I really didn't have an exit strategy. I probably deserve to lose the money as my tuition for doing stupid.
  9. W

    Repair of a broken bear call spread?

    I have a bear call spread that went into the money by 1.82 & it expires in July. It was a very stupid trade in AIG- Yes I know it was very stupid to play with this stock & I screwed up big time (feel free to abuse me if you REALLY feel the need to- I can take it) I sold the 10 call and...
  10. W

    Unemployment Benefits By State

    I'm on unemployment, I get 269 dollars a week which is the maximum in the state of Tennessee. If anybody believes the average American can survive on that amount I urge them to prove it. I can only survive due to the fact I have a paid for farm, no car payments & no credit card debt...
  11. W

    Re-visiting the March lows or going even lower?

    Green shoots silly!:D
  12. W

    Your thoughts on earnings this quarter?

    There is only so much that "Things are going to crap at a slower pace" can do for the markets.
  13. W

    Re-visiting the March lows or going even lower?

    I would be overjoyed if it went below 666, it would make my year. I believe we will see the 800 level at best.
  14. W

    Why was AIG up?

    Where do you guys see it going next week? Any ideas?
  15. W

    Why was AIG up?

    I am thinking someone wanted to squeeze the short sellers and profit from the panic covering that follows.
  16. W

    GDP could turn positive in second quarter, say some

    Is the trade deficit narrower because exports rose or because we can no longer afford to buy crap from China without our jobs? My guess is the latter.
  17. W

    Will I get filled GE Bid 11

    Ah, your right. I wasn't thinking right when posting that. (Just finished a 800 mile drive home from vacation and am still getting my thoughts together:confused: ) Sorry for throwing that false idea out there :(
  18. W

    Will I get filled GE Bid 11

    True, you have to buy the stock if assigned at 11.00 a share minus the premium or 10.57 a share. If you thought the stock was a good buy at 11 it would be a better buy at 10.57. Obviously this wouldn't be a good plan for day trading but if you wanted to own the stock it would be a great way to...
  19. W

    Your thoughts on earnings this quarter?

    I am curious what your thoughts are on the earnings reports coming up & the outlook/guidance on future earnings. I am expecting some bad news but most has been priced in already- the guidance on future earnings concern me though:confused:
  20. W

    Will I get filled GE Bid 11

    Care to share the news? Maybe there is some way to trade it?
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