HOLY COW, BATMAN! There are 20 Recommendations on my "GOOD MORNING, GOOGILLIONAIRES!" post of yesterday! I actually took parts of about 3-4 of my recent posts and put it into one....looks like a lot of you got something out of it. So, I'll re-link it again, today, because it is still very germane and many of you may not have seen it that may enjoy it. I really appreciate all the recommendations and respect shown therein....it tells me that I'm hitting the mark insofar as communicating something of use. Thank you all!
Keep in mind that when accumulating puts, it is like buying insurance. Sometimes you pay and pay and pay for, say, auto insurance and never need it at all.....but when disaster comes, you are VERY glad you have that insurance....one claim can FAR outweigh anything you paid. Same goes here. In some cases, I've accumulated puts that I had losses on or even withered away to zero....which meant my call options and equity SOARED. But, to not have SOME degree of puts ALWAYS on hand to offset rainy days (like yesterday) is risky...especially on a stock like GOOG which is capable of 20-40 temporary point roll backs.
Weather looks VERY good today....no rain.
If you're so sick and tired why don't you go away? Please??
I really shouldn't have even responded to your post but didn't want it to go unchallenged. Here are some questions for you. You should answer them before you open your mouth again:
1) Who the hell are you?
2) Why don't you post anything constructive yourself?
3) Do you really think itm's posts are worse then 98% of the other posts on here which is total crap??
Now, go away lurker!
Yes, but it was 406. After it had dropped, what, 34 points from the day high? And then it bounced around and closed down just 6 more points. In other words, the big move had already been made. If he'd made his call at, say, 11:30 ...
I appreciate itm2000's posts and certainly understand that he needs to make his trades before he posts. But I can also understand people calling him out. I'd like to see more posts, more timely. And the name-calling is stupid.
Is there a reliable way to search on a user's posts?
"is anyone in here foolish enough to rely solely upon itm2000, or anyone else for that matter, in making their trading decisions?"
I totally agree. However, I have no respect for that fact that itm has been blatently wrong this past week, but is unwilling to acknowledge this to his sheeples.
I'm not sure what it more annoying, itm or itm's sheeples.
Er... no. If I thought that anyone was an oracle of price movement I wouldn't be spending time studying charts and paying for real-time data. It's a gestalt thing, where all of the info out there adds into something and a pattern emerges, if only for a short time.
You seem a bit naive.
Shorts can kiss their gains goodbye. They're in danger of getting their shares called back by the big weights with this kind of volume. This volume may last all week into earnings. New higher highs are coming.