Search results

BB I think you are right about the 55's, too late to switch now, lose too much on the spread. I am looking for a 7-9 point drop from current levels in the next few months to take out my stake, hoping for more by the end of the year.

It was the Bird's call of course :D Seriously, there have been a lot of little things that I have been looking at where Tol is concerned for about the last year and finally some of them are starting to break down. I know I may be early by a quarter but the insider selling has been fast and...

I know the couple personally, $115-20K, two kids in private bought 780K -property in DC in 2004 with 5% down(15/80 mort) and 5/1 arm. Now they can not afford to do anything except pay their fixed costs amd are stressed because if it. They got caught short on taxes and had to put it on CC (works...

I agree, same is true here in Boston. We are renting a property that was on the market for $3.2 million for $6K a month! Things are way out of whack. Just read that in boston prices in 89 fell an average of 80% after several years of 25% annual increases. Kind of puts the lie to those who...

Went all in and have accumulated 1000 Tol puts (50 and 47.5 strikes various months 05,Jan 06,Jan 07) in the last week. If I am right my year is made, if not I am back to where I was in Jan. Les jeux son fait mes amis!

I suggest that you go out and buy a lottery ticket ASAP. it is possible that you will hit the number. No one can say it will not happen with complete certainty.

You sound like one lucky dude, may your fortune continue.

Just curious do any of these prop shops allow you to trade stocks and futures (basically anything you can trade through Refco or IB) or are you limited to one or the other?

Congratulations RB, on a 7 figure account that is an impressive return. On a % basis I have you beat for those years but I start each year with a $100K account so it isn't comparable and I am certain I wouldn't have made even close to the same returns on an account over 10 times that size. Like...

Look at any long term SP chart, its is pretty clear volume was peaking fall of 02 and peaking at same levels again.

Anyone notice the similarities between volume at the bottom in 02 and volume now. Blow off volume at bottom, now at top? If so, then we will probably have a drammatic rally, clear out all the shorts who are thinking August is the month, and dump in Sept and Oct.

Elite I you must have read Sperandeo's book too ;-) Agree it works most of the time but tight stops is the key and also have to be careful not to get chopped around. Making sure that you match correct S/R levels for the time frame you are trading is also key.

RB is writing calls, he has some built in lee way.

Look at treasuries. This market is going to roll over anytime now.

I prefer to swing trade the ES but have been scalping a few points here and there for the last few weeks and they have been adding up. This week doubled my size and it is working out well but don't think it will last as it lookslike too many people are doing this.

Looks like RB was right about the homebuilders.

Those crazy left wing democrats: http://uniteourstates.com/about/speeches?id=0001 Dear Supporter, Recently, you signed up for email updates at Citizens for Biden (www.JoeBiden.com). I want to thank you and also let you know about UniteOurStates.com, my new political action committee...

What with gas prices where they are, utility prices increasing, rates rising along with rising levels of consumer debt, and now a jump in prices at retail (they can't eat the whole rise)) eventually this is going to impact consumer spending and that has been the rock that the economy has relied...

No problem, credit where it is due, and if you can spare some of that windfall these guys could sure use it: unmetneeds.com Now let's hope that your homebuilders call is on the money too as I am holding a sackful of Tol Jan 06 and 07 puts!

:-) good for you RB, congratulations.