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Watching the herd

You guys are funny, has anyone else read the book "Wall Street Money Machine"? Its an oldie but a goodie. The book goes into great detail on the exact subject the guy that started this thread is talking about doing. 5-10% per month really isnt that hard, the hardest part is narrowing down the...

Thats true... Anyone have a link to explain the way non standard options work? If I was given false information by my broker I'm gonna be pissed.

No I asked my broker, you only pay for 85 shares, not 100 shares. Or maybe I'm a dumb ass by false information.

thats odd... now it shows it at 1.64 per share lol

And I cannot get approved to buy a call through scottrade.... If you are interested, check out .JLWGB You buy the call for $163 with a strike at $10 per share, then exercise the option immediately to pick up 85 shares at $10 each plus $13.75 cash. Its a non standard option, thats why its...

LOL the chart I just checked shows it falling off the charts down to $0.01 per share :rofl I hope you didnt buy this stock.....

By a show of hands, how many of you had your stops placed in anticipation of this?

Just when I was gonna give up on this thread from all the negativity, more people posted some great proactive information :) Thanks to all that posted some proactive solutions! [/b] I have run through a few online courses over at CBOE, but its been awhile and I forgot some stuff. They are...

I'm working self employed, have a couple just for fun "jobs"(river rafting guide :D) lined up over the next few months, Starting a new business, have money in a retirement account, dont have much debt, Have money in savings, debt to income even unemployed is only 60%, I'm planning a trip to...

If I had got in yesterday I would continue to hold it long and continue to move my stops up. But, I will have to wait a few more days to see about getting in long now. 28% in one day is pretty euphoric IMO... But My god that volume jump is incredible. FITB up 54% as I type :D

BTW today I traded BAC stocks for a few hours and came out ahead $62 :) I bought 200 shares of BAC at $5.80 then held them until $6.04. Then rode the downside from $5.97 to $5.82 So I grossed $62 and paid $60 in trading fees lol Yesterday I did much better and had a net of about $50...

Believe it or not I full understood what you just said :).... But I dont have the experience that you have to work it as well as you do.

Thanks Spanish! I will check that stuff out. Out of all the commodities I have the best grip on oil. Just need to research futures trading a little. :)

No kidding I'm probably going to loose some money. You all say that like its a horrible thing that should be avoided at all costs. I'd rather loose a few hundred in the stock market and learn something than blow the money on some worthless piece of consumer product. I realize my question...

Kinda off topic, but I'm watching BAC and I'm wondering if there is an online source of streaming news I can tap into? I'm just going off order numbers and charts... I need the news.

The volume pattern over the last month is insane! Good measure of just how insecure people are about this stock lol I want to say it will make a return, but I gotta go with my gut and follow the trend. Although its extremes are leveling, I think it would take a HUGE report of good news...

Yes you could and it could serve as protection against loss if the stock goes down. You could set a stop loss at both the upside and down side so that if the stock goes down a stop at say $9 would sell the stock you already own, and you would buy the stock back at a lower price to make a profit...

Thanks that sounds like a good plan, But I dont invest in companies or trade on stocks I know nothing about. I'm really looking for just different strategies to work with options.

lol I like it Thanks for the encouraging words :)