[I_Am_Madness]

Picked up SDS 42 Oct calls at .70....
*highly speculative play - note: not financial advice*

[Trader Joe]

Lemur, on Oct 6 2009, 08:57 AM, said:

Thats a great return but my Q still stands. Selling premium is just a lower risk way of making a directional bet/reversal on these falling knives for you?

I guess that would be one way to look at it. Although, whatever I do, whether it be scholcks, bonds or options has to generate income either trough divs, interest or premium.

Stated differently, I usually do not just enter a position and sit on it waiting for it to go up. An exception, would be when a name gets cold-cocked (thimk: USU, HURN, PCS) where I would be in for "the bounce".....DPTR had a little bounce right after it got creamed, albeit less than I would have liked. But again, the fact that this junker is optionable opens up a bunch of different ways to game it.

[Trader Joe]

I'll be back later today....

There better be a mother-f****** Ags Mid-Day when I log back on....

[Lemur]

Hope y guys are on board. Could see $1250 in a few wks or so? Maybe sooner.

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[dogsie]

Lemur, on Oct 6 2009, 10:08 AM, said:

Hope y guys are on board. Could see $1250 in a few wks or so? Maybe sooner.

You talking gold or SPX?

[DrStool]

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[Lemur]

dogsie, on Oct 6 2009, 03:10 PM, said:

You talking gold or SPX?

Thats a gold train.

[Ags Nightmare]

Trader Joe, on Oct 6 2009, 09:07 AM, said:

I'll be back later today....

There better be a mother-f****** Ags Mid-Day when I log back on....

I'll give you a little Pissant teaser...

" Folks...the bulls can do no wrong...Australia cut ratres!!! ( yep he said that )..... just look at Mosaic...they missed by a country mile...sales down, revenues putrid, earnings non existent....but they said things will get better and it's up huge pre market...everyone is celebrating the demise of our currency so what can go wrong ?.....equity traders just "love" having the dollar turn into confetti!".... now folks...that's some powerful reasons to say "the bulls win"...this is " dumber then a bag of rusty nails"...the Pissant....back to you Whiskey !".....

[Lemur]

Something for the (record high) COT gold shorts.

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[I_Am_Madness]

TBT...44-45 area is key...

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[I_Am_Madness]

Lemur, on Oct 6 2009, 10:16 AM, said:

Something for the (record high) COT gold shorts.

I'm not convinced yet.

[MrHanky]

Trader Joe, on Oct 6 2009, 10:06 AM, said:

I guess that would be one way to look at it. Although, whatever I do, whether it be scholcks, bonds or options has to generate income either trough divs, interest or premium.

I agree 100%,it's the only way I am willing to take on any risk.I need to know I am getting paid some good money while I wait no matter what I own.


I am still HEAVILY long muni bonds and collecting the divvies .l have been too scared to jump back into equities since end of june though.....

[Brick Stoolhouse]

Ags Nightmare, on Oct 6 2009, 09:15 AM, said:

I'll give you a little Pissant teaser...

" Folks...the bulls can do no wrong...Australia cut ratres!!! ( yep he said that )..... just look at Mosaic...they missed by a country mile...sales down, revenues putrid, earnings non existent....but they said things will get better and it's up huge pre market...everyone is celebrating the demise of our currency so what can go wrong ?.....equity traders just "love" having the dollar turn into confetti!".... now folks...that's some powerful reasons to say "the bulls win"...this is " dumber then a bag of rusty nails"...the Pissant....back to you Whiskey !".....

LESKO_4.jpg

I thought it was funny when he said that Australia "Cut rates" the first
time, but then he repeated it later on.

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[Lemur]

I_Am_Madness, on Oct 6 2009, 03:19 PM, said:

I'm not convinced yet.

what y mean? That's One bullish bar.

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[PyurAureo]

I_Am_Madness, on Oct 6 2009, 08:59 AM, said:

Short ES at 1054.25....

I_Am_Madness, on Oct 6 2009, 09:00 AM, said:

Picked up some FAZ at 20.22...

I_Am_Madness, on Oct 6 2009, 09:03 AM, said:

Picked up SDS 42 Oct calls at .70....
*highly speculative play - note: not financial advice*

You must see something that you like there ...
Spike and a Finga ???