At the end of the day, the Pfizer investments in my regular portfolio were still down by $3,500. It's the smallest loss on a closing basis since October 31, 2007. My loss at last year's high was about a grand more than now even though I was briefly in the black intraday on Jan. 20, 2010.
I thought that this price would do it but I'm currently short 64 naked calls as that's the number of long, 10-strike LEAPS calls I have sold for the Jan. 2012 expiry without yet buying the Jan. 2013's.
Options players are also expecting an imminent decline and my naked puts haven't gone down nearly as much in the last two days as I would normally have expected.
So it looks like the stock will either have to climb another ten to fifteen cents near term or some more time will have to elapse in order for another Visine Minute to be seen.
Technically though, I am in the black on ALL my Pfizer investments as the $3,500 loss does NOTn include the profits that I have already booked from the three series of writes in the naked put-writing portfolio. In total, I have garnered net profits after commissions totalling $4,455 on writing the March ($955), June ($1,145) and September ($2,255) 14-strike naked puts.
So if anyone wants to be technically correct and include those naked put profits, they can truthfully call me A WINNER AT LAST on a closing basis.
Oct. 31, 2007 was actually the day that the NAZ made its all-time closing high and it was just three weeks after the Dow and S & P made highs.
To be back at those levels is mighty good in light of the fact that the Dow and S & P would each have to climb about 20% from here to be back to those highs.
I'll be taking a huge chunk of my money out of the market once the Million-Dollar Mulligan lives up to its name. Unless the banks start paying 50% or so on CD's, nobody is topping me no mater how many years there are beyond this one.
> they can truthfully call me A WINNER AT LAST on a closing basis.
You are delusional.
Calling someone a winner because the managed to get a return many times less than if they had simply bought a CD and sat on it is absolutely ludicrous.
And that nagging $180,000 loss? Erased?
You're a Pfizer fizzle, a self-delusional fraud, and a whole new string of new nicknames on top of the old ones isn't going to change that fact until you stop gambling.
yes in la la land with his house and all inheritances dropped into the bucket. Well, I guess it is near time to write that book everyone will be interested in. How I doubled down, doubled down, double or nothin, doubled down, doubled down, mortgaged twice, doubled down and ....hit or missed just before they took him away.