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Walgreen Co. Message Board

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  • big.yank big.yank Sep 14, 2010 1:56 PM Flag

    WAG CC Forward guidance: True North!

    So, greg, you rant in criticism but offer NOTHING as a prediction.

    Are you just a coward or ar you stupid, too?

    I at least put forward a prediction. C'mon, ivan, you can do it; say something meaningful! Something that has some bearing on the future prospects of Walgreens as an investment!

    Yank

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    • Yup, just as I opined. greg/ivan/runs have NOTHIMG real to say about Walgreen's future S/P.

      My predictions stand as unchallenged.

      Yank

      • 1 Reply to big.yank
      • My position - as always - protect against the downside with put options. It's true that you will not make as much as when you gamble it all on the long or short side, but I do my gambling in Vegas, not on Wall Street.

        Going into earnings, I usually pick up straddles. Then, I watch how much money I make... usually, if there's a big move to the upside, I make double the money - my long positions and the long, call options. After the big move, I dump the options and wait for the pullback. Once the profit taking commences, I dump the puts for even more dough.

        If the stock dumps to the downside, I make big $$$$ with the puts. I sell the puts after the haircut and buy more shares at the depressed value, since the price is depressed and the buyers will be pouring in at the lower price. Then, once we get the bounce, I sell the call options.

        It works for me every time. It might not work for you - timing is everything - and you have to have nerves of steel....that's why I always put the disclaimer.

        This strategy drives Yank crazy because I make money both ways. He hates it because he thinks I'm a "long punper" but in reality I'm just a guy who figured it out.

        Good luck y'all! See you at the bank!!

        The author of this post cannot provide financial advice. The author of this post is not, nor does he represent himself to be, a registered investment advisor, broker, or dealer. Readers should independently verify all statements made on this post. All prices shown must be taken as indicative. This post is intended for informational purposes only and you, the reader should not make any financial, investment, or trading decisions based upon this post’s author’s interpretations of anyone's stock picks. Any investment should be made only after consulting with a qualified investment advisor and doing your own homework, including but not restricted to, reviewing the publicly available financial statements of the company and verifying your appropriate risk tolerance with a qualified investment advisor. A qualified investment advisor can help you determine your own risk tolerance and whether it is appropriate for you to invest in securities. Investing in securities involves significant risk and can result in a loss, not limited to, the original capital invested. Past performance of stock prices is not a guarantee of future results. Furthermore, past performance of any of the author’s interpretations of anyone's stock picks or any trading strategies, backtested systems, or other calculations devised from these interpretations, does not guarantee future performance of these methods. THIS POST IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITIES MENTIONED. THE AUTHOR ACCEPTS NO LIABILITY FOR HOW READERS MAY CHOOSE TO UTILIZE THE INFORMATION ON THIS POST.

 
WAG
72.90+0.04(+0.05%)Jul 23 4:02 PMEDT

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