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  1. K

    How low can the dollar go?

    Dig a huge hole in your yard and cash out in rolls of nickels. http://www.coinflation.com/coins/1946-2007-Jefferson-Nickel-Value.html
  2. K

    GM CEO jumps ship.

    http://money.cnn.com/2009/12/01/autos/gm_henderson/ Looks like the Ship is sinking quickly. And of course Taxpayer money in the toilet.
  3. K

    CNBC Blinded By Lavish Lifestyle Of Another Alleged Ponzi Schemer

    People are idiots. Why would you hand someone like him money. A guy who spends like it is going out of style is probably not the person you want entrusted with your money.
  4. K

    Credit Card Default. What's happening??

    Much less than what bankers stole from the US. And they are not in jail.
  5. K

    The US at its pinnacle, 1953 Time magazine

    People were saving, Taxes were high though, homes required only one person working to meet mortgage obligations. Lots of growth in the US etc.. 8% gain in income in 1 year. (between 52-53) Interestingly enough one person in the article made 49K but paid 21K in taxes. Pretty high yet...
  6. K

    Any Traders who trade Calendar Spreads Exclusively?

    Thats what LTCM folks thought.
  7. K

    What are some good stocks I can learn to trade on ?

    General Electric.
  8. K

    What kind of percentage return do you get per day?

    1% daily, trying to reach my first trillion soon :)
  9. K

    Input requested

    NO!!! Do not do that. Close out your call first, then sell your long position. OR Mr. Market will immediately receive good news and the stock will jump to 25 while your ass is hanging naked with 5 strike 20's deep ITM. :)
  10. K

    Input requested

    You should have sold your long stock position and taken the loss to offset profits. Using covered calls to fix a bad position is pretty noobish. All you did is limit the upside but kept a big downside. Covered calls are a useful tool if used in the right way.
  11. K

    Covered Calls

    Agreed, SPY would be the best one in my opinion for someone more risk averse.
  12. K

    Covered Calls

    General Electric. Naked Puts on the 16 strike for Jan. You collect the dividend in the put premium (it is priced in with dividend) Put in a sell to open limit of .88 cents tuesday on GEWMQ Stick cash collateral + premium in interest bearing account.
  13. K

    Black or red on the roulette wheel.

    GO BLACK! GE ended in black. Lets see if tuesday's spin she ends up in the black again. My calculations indicate GE pricing will change on a daily basis.
  14. K

    What goes up in crash, de/inflation, and depression?

    Post WW III how do you exercise options? It would be back to a curb market after the nuclear holocaust.
  15. K

    Celebs above the law: Tiger Woods cancels 3rd meeting with police.

    Who gives a fuck. Guy crashed. no one injured except driver, no alcohol. Why are the cops pushing for an interview. Why all the news hype. People crash every day, I see it as I drive in the city.
  16. K

    Dow Futures

    The only thing I expect is the market to be at a different price than the prior day :)
  17. K

    Black or red on the roulette wheel.

    I sold DEC 16 calls and JAN 16 puts on GE. (The calls and puts were sold on different days) I wonder where this will settle. This thing is bouncing around mid 15-16's If it hits under 16 I am willing to take delivery of shares I am fine with that If it is over 16 I will get a...
  18. K

    Proposed new WAR TAX

    Make it itemized. %Tax to protect German interests %Tax for Afghanistan %Tax for protecting Saudi Sheiks %Tax for protecting Japan %Tax For Iraq etc..
  19. K

    Proposed new WAR TAX

    War is not free. If Americans want is policing the world and fighting permawars, There should be a war tax. Maybe when people have to pay a special War tax folks will not be in such a rush to go and have stupid wars like the Iraq war, or permawars etc... No free lunch, War has to be paid...
  20. K

    Increasing Foreclosures is a bullish sign.

    IT does when you earn 45K and you buy a 280K home. Too many folks when house crazy and bought very expensive homes with heavy mortgages. If it takes 2 fully employed persons to service a mortgage, than the home purchased was too much. Too many folks who had homes almost paid off...
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