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  • itm2000 itm2000 Jan 30, 2006 12:09 PM Flag

    GOOD MORNING, GOOGILLIONAIRES!:::::::::

    When last viewed, my first post today (referenced below) had 14 recs...thank you all! Because of this, it is obvious that I'm being well read and, because of that, I've noticed a few inevitable spins and attacks and challenges on the info in my posts. To clarify a few things that may not have been made clear enough in what I was trying to say and/or may be miscontrued or spun out of control:

    1) I DO, in fact, think that Greenspan WILL RAISE rates 1/4 point tomorrow, but I feel there is a good chance that he may indicate that the FED will halt FURTHER hikes.

    2) I am not saying that we WILL absolutely hit the 480s to 490s intraday before tomorrow's close. I said, again, that we COULD see a spike up BEFORE tomorrow's close that could go into those ranges. So, be ready for it.

    3) I did not say, in this morning's post, that we would absolutely hit 500 much less 550 before tomorrow's close or soon after it. Like I said, we COULD hit 550 in AH tomorrow or within 48 hours of tomorrow's close. I said, however, that I think we will see AS HIGH AS 525-550 INTRADAY during THIS WEEK some time.

    4) I've been accumulating a lot of shares (not as many as I had before selling off on Friday, JAN 20 but a good amount thus far) and a LOT of call options on all strikes from 420 through 460 in several months including FEB. My heaviest position is in the 440s in various months. On the FEB 440s, my entry points have been between 21.40 and 25.96. So far, I am usually about even on ALL my calls although I have gone into the red on them (negigibly) more often than in the green. I am positioning myself and I'm quite happy with all my posiitonings at this point. I am reducing my average cost basis satisfactorily. I am putting a small degree of hedges in place, as always. I am VERY, VERY far ahead, as everyone here knows, on all the many 100s of trades that I've made in GOOG since about Sept 2004 SUBSTANTIALLY....to the point where I have a LOT of risk tolerance and a wide pain threshold already built in. I can absorb HUGE hits rather easily if I am TOTALLY wrong and cannot switch gears fast enough. ****This FACT should be kept in mind by those of you who follow my posts....that my risk tolerances and pain thresholds, and my sheer volume that I'm playing with, is based on HUGE cushions from previous gains and are, therefore, DEFINITELY not necessarily translatable into a workable strategy for EVETRYONE. Gauge your risks according to YOUR OWN particular pain tolerances and thresholds, please!!***

    itm2000.

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    • for risk but cant seem yet which way to go with GOOG. I hate going both ways, but I may have too in this case. This is a very tough call.

      • 2 Replies to checkmanfree
      • checkmanfree:::::::::::::

        As I said before, my rec is to go about 80-90% calls and other bullish strategies and a max of 10-20% puts and other bearish strategies. Obviously, trhis does not mean that you park your entire portfolio on this thing. That said, I am VERY committed..in fact, I am about 90-95% bullish strategies with about 5-10% hedges/bearish strategies at this moment. With over 20% of my entire portfolio's value riding on this (including ALL shares and ALL calls and puts for ALL months out to 2008 LEAPs, etc). It is a substantial investment, dollar-wise. It would be VERY discouraging, but not devastating, if I am TOTALLY wrong about EVERY bullish play I'm sitting on....but I do have ways of paring losses quickly (buty not all that would occur). I am DEFINITELY putting my money where my mouth is. Today is a day where money talks and bullshit walks. My stake is so high, in fact, that I MAY take some call options (not any puts and not any shares) off the table later on today, no matter what the stock does .....and I certainly will do so if we make a decent move up to, say, beyond 450-460+.

        OK?

        I wish you well, my friend..........

        itm2000.

      • 200,000 SHARES JUST BOUGHT!!! SOMEONE GOT A HINT $$$$

    • ****This FACT should be kept in mind by those of you who follow my posts....that my risk tolerances and pain thresholds, and my sheer volume that I'm playing with, is based on HUGE cushions from previous gains and are, therefore, DEFINITELY not necessarily translatable into a workable strategy for EVETRYONE. Gauge your risks according to YOUR OWN particular pain tolerances and thresholds, please!!***

      That's a good disclaimer. I'm sure there aren't many of your followers who could afford to lose all that they've invested in GOOG calls (and puts) based on your advice. The sheer level of anger and anxiety expressed here suggests that most posters are way over-extended.

      • 1 Reply to wayotm2000
      • I noticed that I got a recommendation on this post, so I thought I'd post it again since one of you must really like me.


        With respect to the original post:
        ==================================
        ****This FACT should be kept in mind by those of you who follow my posts....that my risk tolerances and pain thresholds, and my sheer volume that I'm playing with, is based on HUGE cushions from previous gains and are, therefore, DEFINITELY not necessarily translatable into a workable strategy for EVETRYONE. Gauge your risks according to YOUR OWN particular pain tolerances and thresholds, please!!***
        =============================================

        That's a good disclaimer. I'm sure there aren't many of your followers who could afford to lose all that they've invested in GOOG calls (and puts) based on your advice. The sheer level of anger and anxiety expressed here suggests that most posters are way over-extended.

        =========================================

        As it turns out, the itm cult not only lost all of the 80%-90% of their money that they put into calls, but it also lost money on the 10%-20% that they put into protective puts. Looks like they'll all be worthless before long.

        What now? Isn't there someone who really CAN see the future?

    • LLLLLLOOOOOOOOOOOOOSSSSSSSSSSEEEEEEEERRRRRRRR!!!

    • You take yourself way, way, way too seriously. Get a life and quit seeking validation on message boards.

    • as I said earlier, absolutely ridiculous. You should put a disclaimer in that all trades you refer to are hypothetical. IF you had made hundreds of trades you WOULD have had a huge cushion. You WILL lose it all if you HAVE the positions you claim, I suspect not. "So far, I am usually about even on ALL my calls although I have gone into the red on them (negigibly) more often than in the green." You are obviously making this up as you go along.
      You said in your earlier post "will trade in the 460-480 range tomorrow" and "plan accordingly". I await gleefully the impending crash and burn and the 3 part series you will concoct to tell all who would listen how they should have traded it after the fact.
      What a tool....
      pull

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