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Glad to hear you avoided the DO landmine. I agree BP is getting cheap in this area due to the panic factor. The market really doesn't enjoy bad news and anyone who jumped into BP to soon has been crushed at least on paper. Those that held through from April I am not sure what to say beyond...

At any time I think I have an edge I will trade it like I have before. Oil has been good for me unlike some other futures....

I know anyone including myself can make a mistake. So with that being said I don't mean to pound on this to hard but seriously if your mixing up what puts/calls are with options do you know what the greeks are and especially what the IV is? If you can't explain what the current IV is in...

Another BP kinda day I will admit that watching video feeds from the bottom of the gulf gets old after a while. I wish that some online news service had continuous updates like a CNN or something like that. Even if they had to repeat every hour or two it sure would help take away some of the...

Thats true although I would guess that Russia may just leave that mess alone and not do something stupid (Unlike a North American country that I can think of that likes to get involved with everything)

I think the real risk to BP is some other shoe dropping like another rig or another accident before they get this one taken care of. That would send the value investors into a panic along with the price of the stock. If this remains leaking until the relief well(s) are able to stop it along...

I dont see the original post (maybe deleted) but I think you have a mistake in your reply. Japan has a huge debt load with an upside down triangle of population age groups and is an island nation with little natural resources. Just for fun they have N. Korea (no real worry there) but they...

I am unsure what the condo cost but if you were to ask me I would have said farm land that is or could be rented out would be a better choice. NYC is one black swan away from becoming cheap to the point that you may be dreaming of getting what you paid for your condo out of it. Talk about a...

Funny how I would pick those two as my favorite things to do to try to make a buck.

Hi Oracle, Seems I missed your post. I have been way to busy with BP and not getting enough sleep that is for sure. I think your right that BP has many unknowns but I also think that is what can make it a good stock to trade as it has a high emotional value to it. High emotional value...

It was all BP today I woke up and already had covered my small carry over from yesterday and it was very near the high of the whole day so I was happy about that. As I drove to work I decided that I would close DBD out as quickly as I could and move on. Thats what I did and I didn’t get the...

If the "experts" are correct and we knew the bill would come in at $5B this would be the buy of the decade. Its seeing a much larger bill with many restrictions put on the company by the govt that has the price under pressure IMHO. After that big run up I scaled back a ways. the news...

I think its mostly priced in but for sure not totally. Plus a cut does not have to be binary all or none. even if they cut the dividend 30-50% the numbers still make a lot of sense for something beyond a day trade. I am mostly just selling puts because of that. I am "betting on" the rising...

I am heavy buying BP, selling OTM front and back month puts (crazy high IV) and waiting it out for some news today. looking to see if the riser gets placed soon and if so expecting a price north of 40 either today or tomorrow. if it doesnt work the stock tanks again but it appears to me...

I could see with oil at the prices they were at and GS best guess as to the economy they felt that oil may be under pressure and that would effect BP probably the most of the majors. There is a reason why they are the smartest guys in the room. The only real question is do you own GS and...

Henry, For me its what it is on any given day. So for my trading if it is making a new 52W high on that day it is usually not the first day in a series as you suggest. On gap ups though the gap is often a new 52W high without needing the day before to be also. Best Robert

Busy day today The biggest thing today was the mistake I made with DBD. An incorrect report by Bloomberg stated that the SEC had some accounting issues with DBD but as it turns out it was old news and it was settled today. I should have walked away with a loss about half the one I took but...

Not lots but I have some and its here in the states. I bought it before the value change July of ??? 2005 i think. not sure of the year but it started gaining value when it lost the peg in July, that I remember.

I of course would like to move to Vegas as you may recall. I don't wish to move there as much as I once did and now Reno or maybe Texas sounds better considering my family. I should probably stick to real estate as it has always been good to me but I have to admit I love trading more.

Sounds very nice and glad your delayed gratification paid off