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  1. W

    Options on Enron

    I'm curious. Say I buy a long term call contract on ENE, and then Dynergy buys Enron. What happens to my call contract on ENE, since it no longer exists as a separate entity?
  2. W

    Elite Trader is not IB

    The suggestion to make a "broker" section on ET seems to fix the problem to me. I wonder whether ET "looking like an IB site" is really the problem, however. Seems like Baron wants some bucks in his pocket. Personally, I think Def posting here adds great value to the site, and attracts more...
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    Confused about Some Options Pricing

    All you Options Experts (def, zboy, others), I'm confused about some aspects of options pricing. Here's what I am confused about, using AMD as an example. Current price on AMD as I write is 9.70. The Jan 2002 10 calls (OTM) have a bid/ask of 1.75/2.00. As always, let's just assume the ask...
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    **Patriots First...Traders Second**

    Nick, The funny thing is that Ovid's and Voltaire's comment could be true and STILL it be true that there's a god. One (Voltaire/Ovid's comment) is a statement about human psychology and the other (the fact that there's a god, if there is one) is a statement about the world itself. Since...
  5. W

    Shorting will help terrorists--no shorts

    Micheal (MGB): First, I think you may have missed my earlier point. You are right to claim that the dollar argument is a sorites, but then you go and use one yourself regarding the current situation. What I claimed earlier was that sorites arguments are NOT valid arguments. They are invalid...
  6. W

    **Patriots First...Traders Second**

    Bucky, I am not religious. I am agnostic. I have no idea if there is a God. But I do not think that to be religious means you are stupid. Your arguments like "who created the creator" are pretty silly and simple minded. If there is a creator, then the creator is uncreated, and encompasses...
  7. W

    Shorting will help terrorists--no shorts

    Yup. You're living proof of that one! Would I say that my ethics or character is superior to yours? Are you kidding? I wouldn't jack up the price of water to people burning in a fire, you admitted you would. That makes you a lowlife. By the way if you really think good and evil is a...
  8. W

    Shorting will help terrorists--no shorts

    The Hitman Logic: "nothing is 100% right, nothing is 100% wrong, thus nothing is right or wrong". Uh..maybe you should go back and read the previous posts where this fallacy is uncovered for what it is. Or at least take a basic course in argumentation at Baruch or wherever you've registered for...
  9. W

    Shorting will help terrorists--no shorts

    dkamp I don't think stockoptionist's arguments have anything at all to do with your (1) or (2). dozu? close the thread? what for? Wet
  10. W

    Shorting will help terrorists--no shorts

    Stockoptionist: Thanks for explaining what a "sorites" argument is. I just didn't have the patience. Wet
  11. W

    Shorting will help terrorists--no shorts

    By the way, MGB, your "argument" -- while I'm sure 90% of the posters here are in "yes man" type agreement -- is pretty bad and ineffective. It's called in philosophy a 'sorites' argument. And sorites arguments are invalid, though they LOOK persuasive to the naive. I don't even feel like...
  12. W

    Shorting will help terrorists--no shorts

    The rationalizations on this thread are simply amazing. I don't care whether bin Laden has short interest in any stocks. That's not my argument. I simply said that for YOU to attempt to "cash in" on this tragedy is a disgrace. Period. It is a side point whether bin Laden or his associates...
  13. W

    Shorting will help terrorists--no shorts

    Nico, My argument has absolutely nothing to do with a desire to alter the market's direction, or a belief that it could. It simply has to do with the fact that it is unethical to knowingly place yourself in a situation to profit from tragedy, regardless of the lame excuses for it you will...
  14. W

    Shorting will help terrorists--no shorts

    Honus, I fail to see your point. Shorting United Airlines before the tragedy, and doing it tomorrow, are like comparing apples and oranges. Whether the market will 'take care of itself' is really irrelevant. Of course it will. What does this have to do with the fact that certain trading...
  15. W

    Shorting will help terrorists--no shorts

    Lone hand: When the market settles down -- which I suspect won't take long -- I'll trade again. Your argument "what if everyone stopped trading" proves too much, by the way. Does this mean that it would have been silly to refuse to go into the train business for the Germans in WWII...
  16. W

    Shorting will help terrorists--no shorts

    Personally, I will simply stay out of the markets until the smoke clears. I'm not buying long, and I'm not shorting. I'm not going to buy and sell a rally. Zip. I'll just do nothing. I'm with stockoptionist. I refuse to participate in any way whatsoever. When the market recovers from the initial...
  17. W

    MGB: Journal

    Micheal, rtharp is right. Here the "argument" Premise 1. A negative expectancy system WITH good money management will put you in the poorhouse. Premise 2. A positive expectancy system WITHOUT good money management will put you in the poorhouse. ================= Conclusion: Only a...
  18. W

    general background for this board ????

    Stockoptionist: Where are you a ph.d candidate? What is your field of study? What are you writing your dissertation on?(this is a little off topic probably, so if you want throw me an email at cpanza1@earthlink.net). Wet
  19. W

    general background for this board ????

    34, Ph.D in philosophy, from NYC, college instructor. Since I love my job, trading is a hobby for me and will remain that way. My focus is swing trading.
  20. W

    Newbie Questions on Options

    Hey all, I've never traded an option contract. So I'm as green a newbie as you can get. I am primarily a swing trader. My favorite plays are retracement pullbacks in uptrends. I buy the dip, sell the rally. Why options? Two reasons, both stemming from being undercapitalized. First, the...
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