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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...

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...

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

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...

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"!:)

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...

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...

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.

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...

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...

Green shoots silly!:D

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

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

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

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

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.

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 :(

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...

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:

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