Political & Elections

I am of the same opinion. I am up in my personal account 5.8%, fully invested. There may be another run up, but we are getting rich. I was looking at selling some calls but the sell numbers are not big enough for a 10% drop. Probably going to liquidate some .

 

Cramer,  is Bullish. Sort of--he hedged himself quite a bit. 

Thank goodness for the iwm and qqq in my holdings.  I added some more today and some more fb.

Unbelievable.

Razorsharp, I see you have landed in jail at cc.  The bars are a humorous touch.

I went to UrbanBaby because I wanted to know how the obsessive Moms got to be obsessive.  For the most part, they are both hen houses with Urbanbaby populated with poulets and CC with declining layers.

So how's the cake?

  I think I'm going to use this one!

"Here is what mainlonghorn sent me," Knock it off! I have no means of giving you a timeout, so if you violate any more of the Terms of Service, you'll get banned."

I guess my days are numbered with the nazis.

She of course did not tell me what term of service I violated and for which comment."

 

Yeah - that happened to me a number of times and I couldn't post for a while.  I then posted a few comments under another name but after a while, they figured out I had two usernames and could no longer use the second.

Sure you can. Get another dns box and computer.  But why? Aren't your kids older now? I doubt anyone missed me when I was kicked off, and I was on since 2003.  Time for you to move on,

"she's horrible" .  You're nothing to them.  Grow Up and stick with MONEY. 

If you look at the oscars thread I said i was tired of the movies reminding everyone that blacks are victims. I pointed out that we have a black president and hollywood should not be reinforcing negative attitudes of blacks that they are victims. frazzle1 didn't like that so i explained further. Mainelonghorn apparently didn't like my opinion so she jailed me. i asked for a copy of the terms of service which specifically say " It's fine to disagree with opinions, ideas, and facts, but always with respect for the other person." I wasn't disrespectful to any poster she just didn't like my opinion or that i defended it. I asked specifically what was wrong with my post but she just replied again, you can't do that. Mainelonghorn thinks the forum belongs to her. I wish there was some appeals process to get rid of mainlonghorn. she is horrible.

Oh wow, that bit-ch put me in jail. I can't post until march 17.

Nat gas was up a lot earlier in the morning and then dropped for a loss. WTI is still up but not significantly. Maybe the market is telling us Putin will stop with crimea and not take the whole country.

I remember when people laughed at the Republican candidate for President when he said Russia was our biggest enemy. I knew he was right then and now Putin is showing it.

Missed the low this morning. I was thinking about covering the short on SCTY. Picked up BGS on its low. BGS has been a dog for me and I need to average down. Come-on, everyone east of the Rockies should be eating Cream of Wheat/Rice/Grits with half-n-half, cinnamon-brings on found memories of Mom. 

I don't know. If Putin takes over the rest of Ukraine it will probably cause a war and that will be the time to buy.

I just heard Warren Buffet say Berkshire's tax return is 23000 pages. Holly cow.

By the way, for your scty stock, you have a 38% probability of it dropping below 78.85 by the 28th.

I gotta become more familiar with options. Ordered The Street, Jon & Peter Najarin's book, How We Make Money in Options. I have a book that bro gave to me, but it is an advance book. 

Met a paramutual dog player when I was repairing bank machines. He said, "You don't make money on the favorites with low odds. You make money on the long odds. "

-- Edited by longprime on Sunday 2nd of March 2014 06:47:19 PM

Not setup for calls or puts. I like to be paid rather having to pay, hence the covered calls. If the price drops, I simply buy the call, buy-to-close, and reoption if I think a further drop. My call option 22marSCTY85 for $6.60 was sold at Fridays's opening. This is +/- 8.6% to my $76. IMO, not a bad risk spread. 

I don't know whether the market is going up or down.  It may be fairly valued but it is certainly more risky than a year ago as the s&p is higher than then.  I was concerned with a potential drop of 10%.  This is an example of what I did near the beginning of January when for example qqq was around 88.5:

1.  Bought QQQ 3/22 68 calls = 20.52

2.  Sold qqq 3/22 94 calls = 1.02

3.  Bought qqq 3/22 88 puts = 3.53

4.  Sold qqq 3/22 80 puts = 1.20

5.  Sold qqq 3/22 77 puts = .80

6.  Bought qqq 3/22 40 puts = .03

Breakeven = 68+20.52 - 1.02 +3.53 - 1.2 - .80 + .03 = 89.06, max loss to 80 (~10% drop) = 1.06, max gain = 4.94.  

 

I market weigh by adjusting my portfolio so it moves up and down roughly the same as the s&p.

"Still waiting for that 10-15% drop before buying? Covered Calls are good when the stock is near its high, your expect a possible decline and you want to hold the stock longterm. "

 I buy more when the market drops at least 5% which it did in January.  I was market weighted.  Now I'm perhaps 1.5x the market and still probably somewhere around 75% in cash.

I don't think there is anything we can do about Putin. He is in the process of taking over part of Ukraine and no one can stop him. He is a real son of a bit-ch.

I am out of nat gas but hoping there is another final spike with the cold weather. I got a buy signal on WTI but that is crazy since Iran is about to start dumping oil if it has not already done so. Maybe gold will go up some more based on Putin and I can short it then.

I could kick my self for getting out of TSLA too soon. I bought at 144 and told at 156 or so. I missed 100 point upward move. Stupid stupid stupid me.

I don't know.  I'm a bit nervous next week - unemployment number, trouble in the Ukraine - doesn't look good.