I only invested 50K of what I inherited and that certainly proved to be a howling success as that money was invested in long options in late February of 2009 after the stock sank into the 13's.
The rest of the dough went to pay off my two brothers for their share of the house and to park money in an annuity. Most of that annuity money now sits as a cash balance in my brokerage accout - with some of it serving as collateral for my naked put positions and the rest being a Free Cash Balance that I can transfer out any time I want.
I'm waiting for the one-year anniversary of the 100K put-writing portfolio at which time I'll take the profits from that portfolio along with a certain amount of the Free Cash Balance and I'll make a lump-sum payment on my reverse mortgage.
The only reason I'd do that is because with a reverse mortgage, I can have the money back within 72 hours anytime I may want or need it. Such would NOT be the case with a traditional mortgage.
> I'm living up to my alternate handle of fizrWINNR11.
No, even if you did make a million dollars with Pfizer stock, you would still be a Loser.
And people would continue to treat you like one.
Great. Start here:
<<Including holidays, there are about 250 trading sessions in a year. If the market continually went up at the rate of 2.9% every eight sessions, it would be up by 90% for a full year.
90% - not "well over 100%." The Truth in Stats Committee is ever vigilant>>
Come up with the correct answer and an apology to carolh.
> I fully plan on continuing with my mission of educating and informing.
Is Fragmin a new name for Oporia as you say in the message below?
Re: Something that I find troubling 8-Mar-08 01:11 am
History shows that on average, drug companies eventually bring to market 50% to 60% of drugs that have managed to make it to late-stage testing.
In mid-2006, Pfizer had five such indications being tested and three of them made it - certainly an acceptable percentage.
The ones that did NOT make it were Torcetrapib and the Coley cancer drug. The three that did were:
1) Lyrica for fibromyalgia
3) Fragmin, a drup that used to be called Oporia and which was rejected by the FDA in 2004 for osteoporosis. PFE though continued to test the drug for other uses and it was approved in May 2007 for treating blood clots in cancer patients.
chrt13 said "Fragmin, a drup that used to be called Oporia and which was rejected by the FDA in 2004 for osteoporosis. PFE though continued to test the drug for other uses and it was approved in May 2007 for treating blood clots in cancer patients."
That is COMPLETELY AND TOTALLY wrong to the extent it is laughable.
Tell us, how did you ever come up with a fairy tale like that?
Whether I'm a loon or not is a matter of opinion and conjecture but what is certain is that the word "loser" no longer belongs there as since the first day of February, I'm living up to my alternate handle of fizrWINNR11.
I know it's tough but you're just going to have to stop thinking of me as a loser.
Cramer has nothing to do with my capital.
Cramer is just another guy pushing what he pushes. He is neither right or wrong, just a guy making a buck and there is nothng wrong with that.
My observation is he pumps a stock, others jump on it and a few days later the stock is back where it was. He is no better or worse than any other person doing what he does.
So again, your point? My opinion on Cramer is neutral.
Do you mind telling me where I said Cramer was a liability or is that "too difficult for you"?