Today I took an early morning bus in Mumbai. Next to me was sitting an American traveller.
I saw one large paper poster advertising a baby formula right behind the driver on the wall seperating driving cabin and passanger area.
Here is the conversation that took place with my American co-traveller.
me: There it is. Look, that is LCD device. Do you have it in your country?
American: What?. Thats a simple paper poster.
Where do you see LCD?.
And why you use word device?.
me: we in India call it LCD device.
American:It's freaking simple paper poster. We have it all over the place. Buses, subway, airports everywhere.
It's not LCD and it's not device. LCD device are different. They require electric power and I don't think this bus has additional power.
It's only a paper poster.
me: Look! I don't care what you call in America, but here in India we call it LCD device.
American:It's freaking simple paper poster printed somewhere in a print shop.
LCDs are manufactured in a elctronic factory. There is no LCD here and there is no mechanics of any kind.
So it is not a device.Its just a simple paper poster. You f king Indians must be out of your mind who call this
cheap piece of paper as LCD.
me: see Mr. watch your language. I don't care what you call this thing in your country. But here it is LCD device.
American: You idiot get out of here. Who you are trying to make fool?.
I became silent. I did not want him to be more angry and ask the driver to kick my ace out of the bus.
I pressed as hard as FMCN to convince that American traveller that it is a LCD device.
He pressed as hard as MW to deny that it is not LCD device.
FMCN will put his picture in a frame and will call it Look at our LCD device 1.0. This is our supporter of scam. We are proud of it.
He didn't do anything wrong?.
But people calling LCD which are not (Liquid Crystal Display) should be arrested.
I am a IV player.
Still no position yet. But will wait until Jan options expires.
The real action seems to be in Feb options but at this moment I am not sure if the high IV is because of Jan (Few days left) or Feb alone.
After Jan expires and IV still remain 200% and up I will initiate a Feb straddle and sell strangle from March. This is for just a quick buck.
Let me know what is your strategy would be. Seems like your and my interest are same. I chase only high IV stock.
By the way I read your post on AFFY and TSPT. Did you make any money there? Just curious about your strategy.
"option underwriters"? never herd that there are option underwriters exist in the world.
Underwriters underwrite IPO for actual stock. Nobody underwrite options. Where did you get this idea?.
This stock came back on my scanner as a high IV stock. First one is XNPT and CCME is second in the list.
Any one here IV player. There are too many longs and shorts here.
I read some of the posts here. Looks like a big fight going on between Longs and Shorts.
No Iv Player here.
Well I will move on to PLX another high IV stock.
GLTA (shorts and longs both)
My weekend scan caught this stock. The IV is extremely high and I noticed a wild fluctuation in last week?.
Any startegy from IV point of view?.
Is it too late to make a IV based short term trade?
"Mr. Buffett stated that America is the greatest nation in the world and that the finnacial system will continue to lead the world."
Thats why he is not investing in sick company like AIG. He invests where the future is bright. Keeping sick companies alive is disastrous for any nation.
"Preferred stock is debt, not equity".
Let me explain you. It is not a debt the company is obligated to pay back. In case of bankruptcy or liquidation of the company the proceeds are distributed in the following order.
1. Bond holder
2. Preferred stock holder
3. common stock holder.
And the bad news is, in case of BK most of the people don't get anything or if they get it is generally pennies on dollar.
There are freaking no good news at all.
They are offering equity for debt.
They can't pay back from their profit so they are offering equity stake to replace debt.
That doesn't change the position at all.
Kind a foreclosure.
These longs on this board are so stupid that they like to be told what they want to hear. Even for negative news they try to find needle in a hay stack and try to fit the news as per wishful thinking.
Longs write it down on your wall; "Any company who sells it's assets to raise cash is a very very very bad news".
Short squeeze is the most important event. The best short trade works when a short squeeze is developed. Short squeeze do not last for more than 3 days. Ideal set up for opening a short trade.
Hey IBCNxx you know me very well and my last 2 years trades.
I am back and active again. Will short like a mad man for next 2 to 3 days.