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  1. K

    how did people get it in their heads that long housing is an investment

    First the margin loan rate of 6% lets say for 30 years. Second is the cost of insurance,taxes,fees,etc. another 3% Maintenance/upkeep (ie: repairs) 1% Total carrying cost over 30 years = 10% annually. And I am not including the wide bid/ask spreads and fees etc.. when taking on a...
  2. K

    I sold a big call credit spread.

    Patience my friend, this is like cooking roast nice and slow so you get real tender and tasty meat come Friday. GE is gonna float around the 14's and then it will start touching the upper 13's
  3. K

    maybe I am dumb. why is CNBC recommending TWX

    Why is CNBC recommending TWX. A company with negative EPS on their top 5 cashflow stocks to buy? Am I missing something?
  4. K

    Top 100 Virus-infected Websites Exposed

    Dont forget to add an Application layer IPS unit right behind the firewall. Something like the Tippingpoint 10. http://www.tippingpoint.com/pdf/resources/datasheets/401200-001_TippingPoint10.pdf For the ultimate in protection Buy the following Cisco ASA 5505 unit (firewall)...
  5. K

    I sold a big call credit spread.

    I will close out early if I am satisfied with the return. I got 18 cents per spread. I see GE staying around the mid 14's with a potential drop in a couple of days back the the 13's range. strike price effects on the underlying pushed it to 14's it will correct.
  6. K

    CNBC Options Action -- you cannot be serious

    I did a quick view, he said if you own NSC sell the sep 50 calls. (Covered call) No way in hell a TV show is going to tell viewers to sell naked calls.
  7. K

    The next bear of the leg will be appearing.

    Hope is not a strategy. You cannot hope your way out of a recession. Somehow it seems that the entire economic situation is pending on Americans borrowing and spending again. Americans are too busy right now servicing debt to spend on more chinese trinkets. For the global economy to...
  8. K

    Top 100 Virus-infected Websites Exposed

    No problems here. I have a Macintosh Pro workstation though. Better to spend more money on a better computer.
  9. K

    Why do the wealthy marry gold diggers?

    Must be, because you can fuck them for a good time and maybe drag them along for a while and then toss them aside and get a new lease. Guys who marry gold diggers are idiots because they are putting up 50% or more of their net wealth plus permanant payments of alimony. on a depreciating...
  10. K

    Why do the wealthy marry gold diggers?

    Why not just date and when they become a pain in the ass asking to get married dump them and get a new trophy gold digger?
  11. K

    "His worth has fallen to about $4 million from a peak of about $100 million."

    The problem with Mcafee is he does not produce anymore and was living off income from dividends,fixed income. And he had a high cash burn rate. His 4 million will not last long and unfortunately Mcafee has been out of the loop and it is going to be difficult for him to bounce back. He is...
  12. K

    No Health Care Reform Without Legal Reform (Sarah Palin)

    You can train a Parrot to reapeat 1+1=2 but that does not mean the parrot is skilled in mathematics. I agree that we need legal reform but Palin is just repeating like a Parrot. And I do not trust Obama to work towards legal reform.
  13. K

    Why get tattoos?

    Trampstamps help the easy low hanging fruit stand out from the rest.
  14. K

    I sold a big call credit spread.

    Short GE 15, long GE 16 (250 contracts) for september
  15. K

    Whether an options writer or buyer has better edge? Why?

    Because at the time my opinion was the stock was too expensive. So I sold puts at a strike price that I felt was fair value. I do not like having cash just sitting around on the sidelines, especially with the crappy interest rates. So when I want to acquire a position in equity at a...
  16. K

    wtf is Genius Funds? 1% DAILY dividend?

    These are probably the same guys that run forex shops. I have been noticing lately a shit load of Forex ads on TV and radio.
  17. K

    Favorite Trading Strategies

    I like to surf the waves.
  18. K

    Where is this great correction.

    Yes. I wish we get volatility levels like in the last few months of the year and the the levels during the first few months of 09. Those days were like printing dollars. So much low hanging fruit. Takes more work now :) Maybe we get a nice fall/winter gift of volatility again this year.
  19. K

    Swiss bend down and take it from the U.S.

    I bet a shit load of TARP money is sitting in swiss bank accounts.
  20. K

    Where is this great correction.

    I am itching to sell more puts and stuck on the sidelines waiting for the big correction? Maybe we get some strike price effect action soon? Still waiting. I hate having cash just sitting around being none productive. Any folks here waiting to pounce and take advantage of strike...
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