***Tripster's 2008 Investments (Ongoing thread)***
- Thread starter Tripster
- Start date
The covered call is a strategy in which an investor writes a call option contract while at the same time owning an equivalent number of shares of the underlying stock.
Say you want to buy 1 contract of July Call on Visa which is 100 shares, then you can only buy the 1 contract if you have 100 shares or more of Visa in your portfolio.
its messy out there but im curious about the options play for this month, popo? has had too hot months on that not sure if they were real plays or just hind sight but either way there was alot to be learned there. IMO follow the trading rules and make your moves
the option plays will show themselves next week, also look at all the ernings reports dropping over the next few days, can be some good call/put plays easily seen through the murk...the market is looking every day more & more like a casino, stocks are swinging wildly, options are running up & falling down & rinsing & repeating, hard to find something that has been consistent over the last few days...if you have profits, & can pocket some, certainly do, hate to see green turn to red, if red is all you're seeing, then welcome to the club,,got to be able to live w/ the bad if you're going to enjoy the good. Financials continue to fall..put plays on them have been great, had some MER 30s at .76 sold em at 1.00 not a bad profit, but a week or so later, they are near $2.00, it is rapidly becoming a traders market, just a straight crapshoot, loook for the earnings calender...to pick off some low flying birds...only stock to me that held up ok is HK,,
http://biz.yahoo.com/research/earncal/today.html
http://biz.yahoo.com/research/earncal/today.html
YOu need a new account w. a new broker. Have to be able to write naked calls, Ameritrade/OptionsXpress, sure there are more,,,
What broker is that w/ that stupid policy???
Yea I'm with Ameritrade but I think my mistake was not putting more income when I signed up. Plus I probably don't have enough in my account. I'll probably end up going with Zecco.
MSNBC talkin real bad about commodities right now. All kinda sectors free falling in effect of this announcement from Ben Bernanke.
I notice as soon as a company is on Google's, Yahoo's, msn's etc homepage in news about a plummet like GM and Fannie Mae and Freddie Mac, the damn stock shoots up the next day. I mean I got in GM yesterday at $10.00 and back out at 10.30 for a little gain. but damn...that shit is retarded.
And good call on duke who put us on ERII. Stock is soaring nicely.
MSNBC talkin real bad about commodities right now. All kinda sectors free falling in effect of this announcement from Ben Bernanke.
I notice as soon as a company is on Google's, Yahoo's, msn's etc homepage in news about a plummet like GM and Fannie Mae and Freddie Mac, the damn stock shoots up the next day. I mean I got in GM yesterday at $10.00 and back out at 10.30 for a little gain. but damn...that shit is retarded.
And good call on duke who put us on ERII. Stock is soaring nicely.
I got out of oil stocks last week. Good call on getting profits Popo. my commodities are down now 
Check it out...I bet JPM stock is going up within the next hour just because this Diamond dude got somethin to say...
got in @ 33.91 its moving & is at 34.19. I'll get out right before ol boy speech.
Check it out...I bet JPM stock is going up within the next hour just because this Diamond dude got somethin to say...
got in @ 33.91 its moving & is at 34.19. I'll get out right before ol boy speech.
I'm bleeding Popo.........
Wiped out my gain in AG over the last couple of days and now I'm in the red.........
Hang in there, today was actually a good sign, big reversal occured as the AM saw heavy slippage. then there was a bounce back. The AGs will be fine, they are going to continue to post strong earnings on strong demand, it's mid year & w/ 2Qs to report if you're long any AG stock you should be holding w/ confidence...the last week has been killer as plenty are in losing or bad positions, be glad you're in stock, my option plays are close to dead for July...markets need a bit of stabilization,,,stocks are swinging too crazy , ex. pcx w/ a $10 low/high spread//....
ride out the storm,,,sometimes you got to step away from the screens b4 you act out of wrong emotions....
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I was up 18% on IPI and now i'm 18% in the red.........
Sold it even though I know it is a good stock but it got me too shook to see all that money just disappear.........
I', still in POT though........
Im def going to pick up either AGU, POT, or IPI, is POT still the king of the AG's ? AGU and IPI look really cheap right now though.
As much as it seems like its a great time to buy, I think ill wait till I see a swing in the markets first. Its pretty wild, and I wouldnt be surprised if it keeps headed south.
As much as it seems like its a great time to buy, I think ill wait till I see a swing in the markets first. Its pretty wild, and I wouldnt be surprised if it keeps headed south.
I was up 18% on IPI and now i'm 18% in the red.........
Sold it even though I know it is a good stock but it got me too shook to see all that money just disappear.........
I', still in POT though........
Patience is a grand virtue, realize with stock you never win or lose until you SELL,,,...by selling IPI you realized the loss, jus as quickly as it swang to a loss it coudl swing to a profit, there are positions that you stay in the red for quite a while & given time the come back, IPI is a good company, are they POT/AGU/MOS absolutely not. They had such a terrific run, but the fact rramins that they are not that big a player in Potash, they are domestic, If I had to choose i'd still stick w/ #1 AGU, #2 POT, #3 MOS....if you pull up any chart on them you will see they are prone to voilent swings, IPI basically experienced it's first major run & major pull back...
lets hope for smoother sailing,,,
They doing what they gotta do to keep the fiasco going. Even if peeps got to die.
Oil rebounds on Iranian missile launches
Wednesday July 9, 10:08 am ET
By George Jahn, Associated Press Writer
Oil prices rebound after Iran test-fires missiles in response to Israeli military exercises
VIENNA, Austria (AP) -- Oil prices rebounded from consecutive days of steep declines after Iran test-fired nine missiles Wednesday, including Shahab-3 missiles capable of reaching Israel.
Expectations that a U.S. crude supply report later in the day will show stocks at continued lows also supported prices.
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Iran's elite Revolutionary Guards fired the missiles during war games that high-ranking military officials say are a response to U.S. and Israeli threats.
Gen. Hossein Salami, a top commander, was quoted on state television saying the exercise "is to demonstrate our resolve and might against enemies who in recent weeks have threatened Iran with harsh language."
Light, sweet crude for August delivery rose $1.44 at $137.48 a barrel on the New York Mercantile Exchange on Wednesday. The contract on Tuesday fell $5.33 to settle at $136.04 a barrel.
"Iran is certainly sending mixed signals," said Victor Shum at Purvin & Gertz in Singapore. "There was an apparent easing of tensions, but then the missile tests had an impact on prices today."
Tuesday's decline dropped crude to levels not seen since June 26. The market's bearish turn this week erases, at least for the time being, part of a run-up that pushed prices past $145 a barrel in a string of record-setting sessions before the Fourth of July holiday.
Analysts attributed much of the sell-off the last two days to profit-taking, saying traders were cashing in on the previous week's gains. A stronger dollar also helped keep prices lower by discouraging investors from pumping more money into commodities.
Fears that the economic slowdown is spreading had moved to the forefront.
"Sagging global equities, which are tipping a lack of confidence in economic growth in both developed and emerging economies, helped trigger the retreat in the energy markets," Addison Armstrong, director of market research at Tradition Energy, said in a research note.
Still, analysts also warned that the pullback could be fleeting.
"Oil's bull run is not over. There are still many supply side concerns, such as Iran," Shum said. "Spikes in the price of oil in the coming weeks are possible. Some traders may see this pullback as a buying opportunity."
Oil hit a trading record of $145.85 last week before settling at a record close of $145.29 a barrel.
Bringing prices back was Iran's military drill, which took place in the Persian Gulf and the Strait of Hormuz, where about 40 percent of global oil exports pass.
Concern over the unruly oil market was a top priority Tuesday at a summit of industrialized powers in Rusutsu, Japan, with leaders calling on petroleum suppliers in a communique to boost production and refining and to increase investment in oil exploration and output over the medium term.
The G-8 -- which groups the U.S., Britain, Japan, France, Germany, Canada, Russia and Italy -- also called for diversifying sources of energy and further efforts to improve energy efficiency.
"We remain positive about the long-term resilience of our economies and future global growth," the communique said, noting that growth in emerging economies remained strong. "However, the world economy is now facing uncertainty and downside risks persist."
Traders were also awaiting U.S. inventory data, to be published later in the day. Vienna's JBC Energy noted in its research note that "at below 300 million barrels, crude stocks are currently at the lowest level in a lest five years," adding: "imports remain weak and refiners are reluctant to stock up at the current high oil price."
In other Nymex trade, heating oil futures rose nearly 8 cents to $3.8975 a gallon while gasoline prices added more than 4 cents to fetch $3.4089 a gallon. Natural gas futures slipped marginally to $12.360 per 1,000 cubic feet.
August Brent crude rose $1.93 to $138.31 a barrel on the ICE Futures exchange in London.
Associated Press writer Alex Kennedy contributed to this report from Bangkok, Thailand.
I'm thinking that alot of stocks gave back plent over the last few sessions & that if a true bounce is occuring there may be more upside to come, yesterday was the day that showed the rebound, & today is confirming it, the fact that Iran launched test missles, is the catalyst to higher oil/energy, the US $ is still weak no matter whats being said, It is to me falsely propped up & kept alive, inflation is all around us anywhere in the US. So, the question is how will equities fare in the environment, I think if you're in the right sector things will be okay,...all over i'm seeing option contracts up over 100% today, too bad they'd been beated so moercilessly over the past week
as for taking profits,,,i think if it's a significant profit,,take it,,if its small let it ride this rally...I took a little profit b/c I needed it but the bulk like my SLW, and EGO Imma let ride. Got in on PAL+ and I want to get COINZ while its at 3. Popo what do you think are the support levels for AGU, POT, and MOS? Or at this point is it good to get in either way?
http://stockcharts.com/h-sc/ui?s=MOS&p=D&b=5&g=0&id=p56771007059
http://stockcharts.com/h-sc/ui?s=pot&p=D&b=5&g=0&id=p56771007059
http://stockcharts.com/h-sc/ui?s=agu&p=D&b=5&g=0&id=p56771007059
POT/MOS/AGU are trending just as you wounld expect, the fact is while they will be volatile you will see them constantly moving higher over a long haul...remeber the target son these stock are AGU(150),POT(300),MOS(180)...they have done exceptionally well & i think will continue to do so,,,in Jan when i dropped most of them here they were MOS(80)/POT(130)/AGU(68)...the spikes HAVE to happen...buy on dips
oh yhea i came in before the feb bell with my mouth WIDE OPEN lol your calls have been on point playa im (one day) going to go back and list all the call s in this thread and the month by month returns ill get on it but if anyone else wants to kick in on that i wont have any issue with it! lol
This HK play we have could really do some things, CHK/GDP as well..
both GDP & CHK recently issued new shares (secondary) it hurt them gor a bit...i'm hping Iran shoots 1 missle a day for about 4months lol...Oil shot back up to 141.
gold 945
silver 18.27
look at the financials fall....C<17,MER<29,LEH<17.50....oh so much further to fall they will....
i hope some took my advice & stayed far from financials...i think the bottom for them is a ways out...2009,
will be nice seeing C<10, LEH<12 lol WAchovia screaming short, heck they all screaming short...
Going Long or short on your positions
i notice that most of you go long on your positions.
do any of you short stocks.
i went long after cnbc pump COIN
and short the next day.
i notice that most of you go long on your positions.
do any of you short stocks.
i went long after cnbc pump COIN
and short the next day.
Re: Going Long or short on your positions
i havent done it yet L2, but i plan to, at the time i was hunting for a short or 2 i just didnt have the stomach for the risk on it and i hadnt done anytest runs but i will be on it soon trust that.
i havent done it yet L2, but i plan to, at the time i was hunting for a short or 2 i just didnt have the stomach for the risk on it and i hadnt done anytest runs but i will be on it soon trust that.
I'm in on PAL at 4.79. Any of ya'll considering IRE it's got a pretty good yield but I'm not sure I'm brand new at this shit but I'm ready to hope in the game now while the market is lookin ugly so I can go on vacation when it returns FEEL ME
Re: Going Long or short on your positions
best way to short is to buy some puts,
best way to short is to buy some puts,
I feel for whoever had any money in Freddic Mac/Fannie Mae
But a mf like me got in AGU @ 98.72 and POT @ 218
Already made my bill for the day. This shit is LOVELY.
Popo! 'Preciate cha man! Man said buy on dips and thats what I did! I posted this on Google Finance but I wanted ur input on it:
North American Palladium (TSX: PDL)(TSX: PDL.WT)(AMEX: PAL)(AMEX: PAL.WS) today announced that it has settled a dispute with its insurer relating to the failure of the Company's primary crusher in 2002 at the Lac des Iles Mine. Under the settlement, the Company will receive a cash payment of $14.5 million, which will be recorded in the Company's financial statements for the second quarter of 2008. This
payment is in addition to the $7.1 million insurance recovery that was paid in the third quarter of 2004, for a total gross recovery of $21.6 million.
Full article here: http://money.cnn.com/news/newsfeeds/articles/marketwire/0413465.htm
Financial results will be out on August 6th. Any thoughts that this will rise before or after? I got back in @ 4.83 the other day.
But a mf like me got in AGU @ 98.72 and POT @ 218
Already made my bill for the day. This shit is LOVELY.
Popo! 'Preciate cha man! Man said buy on dips and thats what I did! I posted this on Google Finance but I wanted ur input on it:
North American Palladium (TSX: PDL)(TSX: PDL.WT)(AMEX: PAL)(AMEX: PAL.WS) today announced that it has settled a dispute with its insurer relating to the failure of the Company's primary crusher in 2002 at the Lac des Iles Mine. Under the settlement, the Company will receive a cash payment of $14.5 million, which will be recorded in the Company's financial statements for the second quarter of 2008. This
payment is in addition to the $7.1 million insurance recovery that was paid in the third quarter of 2004, for a total gross recovery of $21.6 million.
Full article here: http://money.cnn.com/news/newsfeeds/articles/marketwire/0413465.htm
Financial results will be out on August 6th. Any thoughts that this will rise before or after? I got back in @ 4.83 the other day.
Privy,,
honestly energy are beaten down today for one single reason--they dow is falling HARD, <11k, so no stocks are really holding up well, the HOTTEST energy players are HK/CHK/GDP, they are holding well today....the refiners you mentioned are only down due to the DOW shake, you got oil at 146...Fred & Fan really looking like they in trouble, LEH too lol, Its funny I called for LEH's demise soon after BSC fell,...wonder how mad it gets, imagine they got foreign investors to invest @ 28,,,man,,someboy ain happy ....only play financials to the short side...
On your other question, the PAL settlement, of $14M will bolster PAL 2Q #'s, they should be profitable w/ the higher prices on PT/PD & should also get a nice increase due to that $14M, do i expect a run,,,the stock is beaten down TOOOO much (much like COIN) PD prices have been stable, but i think we need a PD to make a move to 500/oz & then PAL may decide to move, but steller earnings can chake things up....
As for your AGS, ride the storms, buy the dips, they are great stocks to trade,...if you're trading,
Compliments to the board on the ERII drop....
http://www.forbes.com/2008/07/11/mi...h-enter-cx_sm_0711mitra.html?partner=yahootix
I've picked up 2 stocks from the board,,,TGB (which if you look at the 52 week high of 6.40, well that is me LOL
, i think it has good potential to get back...) & now ERII which I'm not really sure how i want to play..but i'm in..Keep you eye on COIN at these levels, my thinking is short sellers will soon have to start covering once word on the Woodbridge NJ plant drops...2Q #s are soon as well...I still think COIN could be a $20-$50 stock, the share structure is so low, & btw if you are long you get a 1 share dividend every Q for every 20 you own,,,,,,time will tell,,,we'll see
Also Coals, always good..
for pg 41:
http://groups.google.com/group/bgstockwatch
keep up the posting priv, oDUB i got alerts from martwatch on coinz hitting <3.00 i was like WOOOOOOOOOW lol its going to get intersting. thats for damn sure
**Popo you know we always appreciate you and the other pros that stop in to share keep that going playa
http://groups.google.com/group/bgstockwatch
keep up the posting priv, oDUB i got alerts from martwatch on coinz hitting <3.00 i was like WOOOOOOOOOW lol its going to get intersting. thats for damn sure
**Popo you know we always appreciate you and the other pros that stop in to share keep that going playa
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