My Options Play

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Quote from iceman1:

gonna post a suggestion- and give it a B grade for potential profits.

buy PALM Dec05 30c @ .50-60

UPY LF


for some reason we see 7000 traded today- do we really beleive that these wer all small players buying OR that a large player sold short callss at .65-70 today? Think about it - prior open interest was 7000 and change.

do you guys also see 7000 volume today - or am I getting erroneous data? ?

stock 'could' be moved lower with expiry pressure-- manana

Ice
:cool:

6800 or so for me...

- The New Guy
 
Quote from pinabetal:
is it possible I made a typo on those two??:) :)
There is a risk in confounding the legitimate price forecast with a prediction game, which will result in stinging ironies and undeserved boasting. It is probable that no forecast can be 100% accurate, but to make it legitimate the forecaster should indicate a time frame and a price target. Also, to make it tradable it has to be associated with money management: stop-loss for position sizing.

In my opinion there is value in bringing up stocks and forecasts, share opinions, argue about them, ask questions, learn from each other about some of our methodologies. Personally I see no value in a guessing competition. For some, there might be some entertainment value, but not for me.

Am I alone in this view? If so, sorry to have written this.
 
Agree 100%

Quote from cnms2:

There is a risk in confounding the legitimate price forecast with a prediction game, which will result in stinging ironies and undeserved boasting. It is probable that no forecast can be 100% accurate, but to make it legitimate the forecaster should indicate a time frame and a price target. Also, to make it tradable it has to be associated with money management: stop-loss for position sizing.

In my opinion there is value in bringing up stocks and forecasts, share opinions, argue about them, ask questions, learn from each other about some of our methodologies. Personally I see no value in a guessing competition. For some, there might be some entertainment value, but not for me.

Am I alone in this view? If so, sorry to have written this.
 
Quote from cnms2:

There is a risk in confounding the legitimate price forecast with a prediction game, which will result in stinging ironies and undeserved boasting. It is probable that no forecast can be 100% accurate, but to make it legitimate the forecaster should indicate a time frame and a price target. Also, to make it tradable it has to be associated with money management: stop-loss for position sizing.

In my opinion there is value in bringing up stocks and forecasts, share opinions, argue about them, ask questions, learn from each other about some of our methodologies. Personally I see no value in a guessing competition. For some, there might be some entertainment value, but not for me.

Am I alone in this view? If so, sorry to have written this.
would you explain how this relates to the post you cited? Thanks
 
Quote from uninvited_guest:

What did you get right for SBUX?

Could you provide a link to post regarding SBUX.
I was referencing your post. What I meant was that i did not think that today it would go below 28.90 nor above 33.60. That is all. So far it hasn't has it?
 
Quote from pinabetal:

would you explain how this relates to the post you cited? Thanks
I noticed that the majority of your predictions (based on you tape reading method) were accurate. You also made them for a given time frame: tomorrow, or early tomorrow.

Your post I cited was in reply to iceman1's observation that you just made two out of two incorrect predictions, and in my opinion his observation had no informational value.

My post was triggered by yours and iceman1's exchange, but my thoughts expressed in it formed through reading through a bunch of posts I can't make any use of.

Bottom line, I find that your forecasts have a high degree of accuracy, have a well defined time frame, so they're tradable and I find a value in them.
 
Quote from cnms2:

I noticed that the majority of your predictions (based on you tape reading method) were accurate. You also made them for a given time frame: tomorrow, or early tomorrow.

Your post I cited was in reply to iceman1's observation that you just made two out of two incorrect predictions, and in my opinion his observation had no informational value.

My post was triggered by yours and iceman1's exchange, but my thoughts expressed in it formed through reading through a bunch of posts I can't make any use of.

Bottom line, I find that your forecasts have a high degree of accuracy, have a well defined time frame, so they're tradable and I find a value in them.
Thanks. Actually I made 5 or 6 forecasts for today and at least 2 were wrong. On those two I was trying out a new rule on tape reading and and it didn't work out. I will have to look at that rule again see what went wrong and then maybe modify it and then try it again. I was joking on HD being right so it could also be counted as wrong. It only traded up .02 higher. But the day isn't over yet.
 
Quote from cnms2:

Your post I cited was in reply to iceman1's observation that you just made two out of two incorrect predictions, and in my opinion his observation had no informational value.

My post was triggered by yours and iceman1's exchange, but my thoughts expressed in it formed through reading through a bunch of posts I can't make any use of.

Bottom line, I find that your forecasts have a high degree of accuracy, have a well defined time frame, so they're tradable and I find a value in them.

it was a joke -- and he took it that way-

lighten up brother :D :D
 
Quote from iceman1:

it was a joke -- and he took it that way-

lighten up brother :D :D
NO NO NO NO iceman. It were no joke. I dead serious. You were dead right about me being dead wrong on 2 calls but you were dead wrong about it being 2 out of 2. It was more like 2 out of 6 or 5. :)

Nevertheless, I am glad to see you mean't it as a joke I just wish your joking were wrong.

However, I do admit to some lighthearted sparing around with iceman over it
 
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