From rags to riches, 700$ to 100k in 2013

Stories like this one are more common than rare, nothing new here.

I welcome market liquidity, whether is a 23 year old kid or an old lady trading her pention, in the end the money I make comes from others.

Trading is not exactly the place I make good deeds, for that I got much better ideas.

The market is not for Mother Theresa.
 
Quote from Daring:

Stories like this one are more common than rare, nothing new here.

I welcome market liquidity, whether is a 23 year old kid or an old lady trading her pention, in the end the money I make comes from others.

Trading is not exactly the place I make good deeds, for that I got much better ideas.

The market is not for Mother Theresa.
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Grandma Millie.

http://www.youtube.com/watch?v=DOLNWF5QMxY
 
Quote from budcampbell:

This thread has gone down in ignominy. What the hell does RCG stand for anyway?
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Evidently it stands for range controlled geometry as in the title of his journal which is where it started.

It got kicked to chit chat when he started playing lose with the truth like a politician.
 
Quote from probe1957:

Just checking in to see if the OP was gonna say he had gone "all in" on HNZ yesterday.
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Buffett buying the top again; just as with his short puts in 2007. 25x earnings for HNZ? GOOG's multiple.
 
Quote from outlier:

What would be a reasonable goal, o you think, on a 25K options account?
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Given the low VIX environment we are in, an annualized return at year end of up to 30% may be reasonable.
I'll call the 30 - 40% area a risk management and skill dependent... "grey zone".
Beyond 40% and you are probably using excessive leverage and/or taking too many chances on long shot bets.
The higher the % goal, the lower the "probability" of actually achieving that objective.
When the VIX rises I'll adjust my percentages accordingly.
 
Quote from Put_Master:

Given the low VIX environment we are in, an annualized return at year end of up to 30% may be reasonable.
I'll call the 30 - 40% area a risk management and skill dependent... "grey zone".
Beyond 40% and you are probably using excessive leverage and/or taking too many chances on long shot bets.
The higher the % goal, the lower the "probability" of actually achieving that objective.
When the VIX rises I'll adjust my percentages accordingly.
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speak for yourself..
 
Quote from atticus:

Buffett buying the top again; just as with his short puts in 2007. 25x earnings for HNZ? GOOG's multiple.
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On the surface it looks interesting for BRK to make such a move. Marcel Telles is very sharp and I suspect there is some rollup potential here or other strategic positioning that somehow justifies the premium.
 
Quote from ktm:

On the surface it looks interesting for BRK to make such a move. Marcel Telles is very sharp and I suspect there is some rollup potential here or other strategic positioning that somehow justifies the premium.
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it's ketchup and tater tots. http://www.heinz.com/our-food/key-brands.aspx

BRK is trading at 20x and paying 25x for HNZ and not using stock. Shares will be in the mid-80s in a year (BRK_B).
 
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