Hi Pebbles, mentioned the first book and that I was on to another, but, long enuf ago where you probably forgot. No biggee. I teach and my books are about that. Got good doctors and my health issues could be far worse. Sorry to hear HP is gone. And have no idea of 'ocaw'. I have not even lurked on this board for ages. Gotta go so good luck to you and all. ilaugh
Hi Pebbles, Been busy with my second book and away from the board. Sold most my PFE just before earnings and am wanting it to pull back a bit before its next X divvie date to buy it back. Thought I would check in here and see how many of the good ole gang was still around. Like HP, Detractor and yourself and others. Not a lot of time for the msg boards these days. Pub wants a 3rd book and I have some health issues going on (just a matter of too many birthdays).
I think Pfizer could pay a special dividend. They wanted 26/27 p/sh for ZTS and it closed today over $6 p/sh more than that and sold over 66mm shares. They 'could' pay a special dividend based on the excess amont they received in the IPO. But, this won't happen. BTW, hello to all the good 'oldtimers' here, those who are left. Gotta run, but, be back in a few days.
No. You've been stuck in PFE for a number of years.
The rest of what you write is nothing but spew, as everything else you write about is.
I read on another message board a day or so ago, that-
There was a coding error of some sort at the NYSE and its arca and caused some quotes to post AH prices as closes. It affected around 1000 stock prices.
Sorry did not save the link, so FWIW.
or as you posted a day or so ago, your latest loss ( on the BAC 5 Puts) the loss will be recovered by the end of the first quarter 2012.... 5 months from now (if ever).
IOWs, you are an FOS investor.
Yes he 'should' Pebbles. Because of his losses in 2011 of capital (cash).
In addition to the most recent one of over $7400, he admitted to incurring two similar losses during these past many weeks. If true his recent losses total around $22,000 in cash.
I remember he lost his a$$ selling calls agains PFE last spring and those totalled at least $20-25,000.
So in just over nine months of 2011 the boy has losses of $40,000 to $45,000. Cash losses. Easily averaging over $1000 per week.
Of course he claims he will make this up a little bit at a time over time.
Well, your trade in an afternoon is making $400 of it.
Now famous (semi)quote of chartness's from about a month ago:
'now that BAC is back in the 8s and trading stabily.....'
BAC low today, 5.60.
Calm down, don't panic, you will be alright Eureka_
After all, you have had over 45 years of disaster and experience in being wiped out.
This week should not be any different.
Hope this helps.
always enjoy reading your posts.
You touched on something that I think is very important when investing/trading: lock in profits. That since 1999 has worked for me. I rarely lock in all the profits I could have, if I would have held longer, and rarely lock in the profit I thought I might make when I started a trade. But, locking in even small profits add up over (the fullness of) time.
You also wrote of investors who hedge. This year I have been hedging by buying in the money puts on stocks. I closed the last of them out (October's, CRM 125s and BAC 8s) Thursday and Friday.
The account is at its all time high (due to profits taken on these Puts) and currently 44% in cash. 'Hedging' or my brand/version of it has been wonderful.
I like ITM Puts as to me it makes for a great synthetic short.
Apart from the cash in this account, the rest is long shares of dividend paying stock with calls written against most of those shares.
Monday, depending on how busy I am and what develops market-wise between now and then, I am looking to buy a few more puts.
Thanx for your posts, thoughts and ideas.
Good luck dealing with the idiot, who does not lock in profits and does not hedge.
<<It's simply BULLISH BAC investors that are acting in their own interest and wanting to sell more closer-to-the-money options >>
Here is a tip for ya:
sellers are not the cause for a price of anything to rise.
Hope this helps.
The idea was/is great- buy the stock just under a strike, sell the call and collect the divvie during expiry period, get called away and keep the premium.
Not a bad return. (again, discounting the idea that the pps could drop).
I'd go for it but for the reasons stated.
As for me, now, pretty much same position as before. PFE, CCs, cash, and Put on the market. And waiting...watching...
thanx HP. Glad it is working out for you.
This one is not for me. Too thinly traded, and seems to be a bit volatile (beta-wise). Plus there is a hellacious spread on those calls and low open interest.
Other than that, it seems like a good setup for you in your situation.
He must be digging thru the neighbor's trash for a copy of the LA Times.
Because that story he posts about is days old.
And I wonder why he thinks it is relevant to PFE, etc.
Until I remember there is no figuring an irrational mind.
Yup, and large things.
Meanwhile, the bulls making a valiant attempt to close the market(s) green today...
Thanx for the post, options_
Because you quote the idiot: <<You saw the lows this year on March 5 with the $24.70 close. Nothing resembling that will be seen. EVER!>> and that is one of my favs.
His (emphasized) EVER always made me laugh.
Because he always thinks he is so right and invariably he is always so wrong.
I'll go on a limb- I think the DJIA will go to 10K or lower in the next couple-three weeks.
Anyhow, it is raining here and dinner is not ready, so more 2centsworth:
It seems like the rest of the world, the past couple days, has been mainly trading off of what they think is going on here. Among other reasons.
All the markets, Asian, Euro, down.
To the point where this morning, I felt like these markets were leading us, vs the other way around.
What bugs me, over beers is, what did we show them today?
I think we are lucky it is/was a Friday. Verses a Wednesday or Thursday.
Because everyone world wide has the weekend to think things over without markets moving in either direction.
I'm net long so am probably being overly optimistic.
Be interested to hear from what other good board members are thinking.
That would exclude we know who.
He needs sleep and help.
TD Ameritrade just messaged me and they gave me 20 free trades for the inconvenience this afternoon.
<<About a month ago I had enough cash to buy something and then the dung hit the fan>>
classic example of patience paying.