Watch and you will see what I have been saying when it gets to that price quickly. based on cash, mergers, and aquisitions like I showed first here today before AP did.
After today, I currently own 477 long PFE LEAPS options of which 450 are writeable and 27 are in my IRA and don't have writing privileges.
I'm in far better position today for a stock price rise and if and when Pfizer does go up, my account valuation will be reflecting it to a far greater extent than has been the case the last several weeks when the stock got away from me on the upside and additional stock market advances weren't doing me the good they should have.
Problem, for him or anyone following him with their money, is- he won't or can't imagine that.
So, he has not fully evaluated his true risk.
Even though he experienced in a painfull way when he was leveraged 6:1 and your counsel to him the same. He somehow thinks he is 'better off' now 'ONLY' being leveraged 3:1.
Hopefully anyone contemplating following his lead will also consider your view and knowledge on this type of 'investing'.
Good posts on this topic and you have been making them for months and months if not longer.
Pfizer had a strange year of 2008. It plunged from over $24 in January to the low 17's in June before the market bore the brunt of the crash. But when the crash came, Pfizer on balance held its ground. While other stocks on balance were losing 40%, PFE managed to close the year at $17.71 which made it the seventh-BEST Dow stock that year including dividends.
Kindler delivered the message on Analysts Day, March 5, 2008, that the company likely wouldn't be making a major acquisition. Analysts didn't like hearing that at all and began really worrying about the company's ability to continue paying its lofty dividend once Lipitor expired. So Pfizer's stock went down much earlier than most other equities. PFE in fact largely traced what the troubled high-dividend financials like BAC were doing at the time.
So while for others their worst losses came between mid-September 2008 and the end of the year, for me a lot of the losses came between March and June of 2008 and then again of course in early 2009 as the market fell to its crash lows in March.
I never saw you on the T board during the brief time in 2004 that I was on my fact-finding mission regarding the old-timer's bigotry. You were too busy infesting the Tyco board.
I come from a line of long-lived people with my mother living beyond her 91st birthday, her sister living to 89, a great-aunt who was 95, my dad who was 86 and a great-grandmother who was a centenarian. I have nothing against old people - just old FOOLS like you-know-who.
When my great-aunt was up in years, she was in a nursing home not bothering anyone. Certainly not cluttering up a serious investment message board with drivel and bigotry.
<<Of course those new aggressive plays really cost me when the subprime slime and then the once-in-a-lifetime crash ensued a few months later.
Boy for a guy who likes to post 'in real time', you sure like to rewrite history, don't you?
Meaning, you lost your a$$ in spades by June 2008 and later (now) rationalize it by the once in a life time crash, which happened subsequently.
Your losing money in the market is a habit of at least 45 years. Your rationalizing as to why is also a habit.
'Anybody's fault but your own'.
You rant and spew and have been that: 'if' this happens and 'if' that happens and 'if and that' happen that you will be 'rich'!!
And call that a superior method. Yes yes yes yes, chartness, we could all come up with a 'superior' method similar to that...