Have you ever noticed anytime a stock takes off to the up side it almost always goes down hard just before it takes off to the moon.
I use to think they were forcing it down purposely to get in as low as possible before the spike ,only cause they knew ahead of time somethiong we didn't.lol Whatever,as long as we move back up and I feel very confident we will,peace out! Jim
Beside ,nothing ever really happens in the first two weeks of the year,it's sort of a wait and see process before people from vacation decide where they want to be or add. jmo
It was a joke. Instead of going "wish I could lose $75K and kid about it", or "that's me someday, an old f*rt with more money to burn in one week than I got to invest now", I got a lot of whining and jealousy.
I'll trade 30 years of life on this earth for anyone who'd like to have that $925K--you show me where we can pull that off, and you get the cash.
Takers? I don't think anybody 35 wants to be instantly 65.
But you never know.
Congrats on the big score,hope you mean your down that amount from your gains and not your average.
I dought it though,O H I thought you said one time ,and I may have you mixed up w/ someone els that has done very well here that you had 38,000 shares not to long ago,was that u or some one else?
Either way,Im always happy to see someone make it,good for you buddy! slw long and strong!!!Jim
Buy the way did u make more with the covered calls than with just buying and selling it straight out? Thank Jim
I made about 550G's and the calls actually cost me about 200G's. Of course, I was margined to the max, so when you squish it all around, I probably would have netted the same amount without margin.
BUT--the stock would have had to have moved in ways most folks don't figure.
I never had more than 20000 shares.
Somebody arranged for ADP to give a false report on employment numbers. Marhet Watch called the report a head fake but it started a stampede. I was down $100k at one time but expect to be whole in a few weeks as I never sold. Going for LT Capital Gains.
Good grief...you have a net worth of $925k and yet you purport to own 20,000 shares? That would only be 2/3rds of your net worth. And I thought I piled into positions. Obviously not married...no kids...and at best an old, healthy dog to take care of. No wonder you post all day every day. You can't afford to go outside.
I actually envisioned him as being a cat owner. Possibly two. One definitely named Mr. Furry Paws.
"Come here Mr Furry Paws....we're going to watch You Tube videos"
Maybe he'll quit the board again after the last week of inept posts. I do hope that person with the Freddie lingo comes back.
You two guys get a room, and don't forget to practice safe sex. The world needs more whining kids who haven't been dead before.
I have. It's overrated.
Now there there, go fix your portfolio. Daddy says everything will be alright.
For 69 that's not much money. You've had all that time and that's all you have? Don't lose it all in one place. Keep in mind Gen X is pulling up behind you and we don't take too well to freeloaders and welfare recipients. You might need what's left of that million for a nurse to clean your behind and to help with your straw and soup bowl.
Gee, I don't know who you are, but you speak in such a demeaning, insulting way to an older person. A little respect, please: do you think you will be young forever? It will be either the grave , or gray hair and everything that goes along with it. Don't be so arrogant, whether you are right or wrong about SLW, a little lesson in humility.
That goes for all of you youngsters who think you know it all, and think you are immortal, unlike the rest of us humans.
If you had a brain (sorry for my presumption) and you remembered I had about 19000 shares, did a little math, you might have asked--if you dropped $95K in the stock, how come it only shows up as $75K?
I then would have said, those shares aren't all I own, I took some hits elsewhere, but, I mitigated $125K worth of losses down to $70K by having covered calls sold against my position as a hedge.
Then you'd learn something.
They say the brain has no nerve endings however, and that growth there is just as painful as any other muscle.
Your brain cries out when stressed or growing in the form of animosity, or outburst.
You must be getting very smart, because you're one big a hole.