Economics and Investing

[EconProf]

BobS
Drunkle: Don’t make it so complicated. What position would you take in the next few days if the s**t continues to hit the fan?

[p-dude]

p-dude

SRS and SKF have been good to me. I think they are excellent in short term ( very short term investing ). Only advise I can give is, don’t get too greedy. If you get 10 to 15% profit, cash out and leave before getting hammered by market manipulation. Remember you are playing against
big boys with lots of money, They will always control the market and crush short positions. Since these funds are basically naked shorting a sector, they can go up or down 10% a day depend on which way the wind is blowing.

As far as gold goes, I am not sure is a bubble by itself
or not. It seems that gold have support level at 780. If
it goes below that I might get in.

One thing I have been watching is Dollar verses other
currencies. I see stabilization against Canadian and other
eastern currency and small increase against Euro. From what
I hear and read I think Euro and Pound have their own
housing bubble problem which might cause a shift and devaluation against dollar. So I think investing in Canadian
Bank as CD might be a good hedge against dollar slide
Here is a chart that I look at once a while. What you
all think about Canadian currency at this moment ?

http://finance.yahoo.com/q/bc?t=2y&s=CADUSD%3DX&l=on&z=m&q=l&c=EURUSD%3DX%2CJPYUSD%3DX%2CCHFUSD%3DX%2CKRWUSD%3DX%2CCNYUSD%3DX%2C+MXNUSD%3DX

[p-dude]

p-dude

SRS and SKF have been good to me. I think they are excellent in short term ( very short term investing ). Only advise I can give is, don’t get too greedy. If you get 10 to 15% profit, cash out and leave before getting hammered by market manipulation. Remember you are playing against
big boys with lots of money, They will always control the market and crush short positions. Since these funds are basically naked shorting a sector, they can go up or down 10% a day depend on which way the wind is blowing.

As far as gold goes, I am not sure is a bubble by itself
or not. It seems that gold have support level at 780. If
it goes below that I might get in.

One thing I have been watching is Dollar verses other
currencies. I see stabilization against Canadian and other
eastern currency and small increase against Euro. From what
I hear and read I think Euro and Pound have their own
housing bubble problem which might cause a shift and devaluation against dollar. So I think investing in Canadian
Bank as CD might be a good hedge against dollar slide
Here is a chart that I look at once a while. What you
all think about Canadian currency at this moment ?

http://finance.yahoo.com/q/bc?t=2y&s=CADUSD%3DX&l=on&z=m&q=l&c=EURUSD%3DX%2CJPYUSD%3DX%2CCHFUSD%3DX%2CKRWUSD%3DX%2CCNYUSD%3DX%2C+MXNUSD%3DX

[p-dude]

p-dude

SRS and SKF have been good to me. I think they are excellent in short term ( very short term investing ). Only advise I can give is, don’t get too greedy. If you get 10 to 15% profit, cash out and leave before getting hammered by market manipulation. Remember you are playing against
big boys with lots of money, They will always control the market and crush short positions. Since these funds are basically naked shorting a sector, they can go up or down 10% a day depend on which way the wind is blowing.

As far as gold goes, I am not sure is a bubble by itself
or not. It seems that gold have support level at 780. If
it goes below that I might get in.

One thing I have been watching is Dollar verses other
currencies. I see stabilization against Canadian and other
eastern currency and small increase against Euro. From what
I hear and read I think Euro and Pound have their own
housing bubble problem which might cause a shift and devaluation against dollar. So I think investing in Canadian
Bank as CD might be a good hedge against dollar slide
Here is a chart that I look at once a while. What you
all think about Canadian currency at this moment ?

http://finance.yahoo.com/q/bc?t=2y&s=CADUSD%3DX&l=on&z=m&q=l&c=EURUSD%3DX%2CJPYUSD%3DX%2CCHFUSD%3DX%2CKRWUSD%3DX%2CCNYUSD%3DX%2C+MXNUSD%3DX

[p-dude]

p-dude

SRS and SKF have been good to me. I think they are excellent in short term ( very short term investing ). Only advise I can give is, don’t get too greedy. If you get 10 to 15% profit, cash out and leave before getting hammered by market manipulation. Remember you are playing against
big boys with lots of money, They will always control the market and crush short positions. Since these funds are basically naked shorting a sector, they can go up or down 10% a day depend on which way the wind is blowing.

As far as gold goes, I am not sure is a bubble by itself
or not. It seems that gold have support level at 780. If
it goes below that I might get in.

One thing I have been watching is Dollar verses other
currencies. I see stabilization against Canadian and other
eastern currency and small increase against Euro. From what
I hear and read I think Euro and Pound have their own
housing bubble problem which might cause a shift and devaluation against dollar. So I think investing in Canadian
Bank as CD might be a good hedge against dollar slide
Here is a chart that I look at once a while. What you
all think about Canadian currency at this moment ?

http://finance.yahoo.com/q/bc?t=2y&s=CADUSD%3DX&l=on&z=m&q=l&c=EURUSD%3DX%2CJPYUSD%3DX%2CCHFUSD%3DX%2CKRWUSD%3DX%2CCNYUSD%3DX%2C+MXNUSD%3DX

[p-dude]

p-dude

SRS and SKF have been good to me. I think they are excellent in short term ( very short term investing ). Only advise I can give is, don’t get too greedy. If you get 10 to 15% profit, cash out and leave before getting hammered by market manipulation. Remember you are playing against
big boys with lots of money, They will always control the market and crush short positions. Since these funds are basically naked shorting a sector, they can go up or down 10% a day depend on which way the wind is blowing.

As far as gold goes, I am not sure is a bubble by itself
or not. It seems that gold have support level at 780. If
it goes below that I might get in.

One thing I have been watching is Dollar verses other
currencies. I see stabilization against Canadian and other
eastern currency and small increase against Euro. From what
I hear and read I think Euro and Pound have their own
housing bubble problem which might cause a shift and devaluation against dollar. So I think investing in Canadian
Bank as CD might be a good hedge against dollar slide
Here is a chart that I look at once a while. What you
all think about Canadian currency at this moment ?

http://finance.yahoo.com/q/bc?t=2y&s=CADUSD%3DX&l=on&z=m&q=l&c=EURUSD%3DX%2CJPYUSD%3DX%2CCHFUSD%3DX%2CKRWUSD%3DX%2CCNYUSD%3DX%2C+MXNUSD%3DX

[drunkle]

same as i’m in now, short the financials and builders…

i’d look for a strike and expire that minimizes cost while still being in reasonable range of movement… so like, i picked up dec 32.50 puts on citi, 12.5 dec put on cfc… expire is really close for dec though so i dont know if it’d be worth it at this point. but again, jan and farther out contracts are probably going to be decent buys.

one thing i’d had luck with is buying the trend on or near expiration. so like, i saw some stock, wfc maybe? last month that was moving up (or down, cant remember exactly) and was within a half dollar of the nearest strike. the contracts were selling relatively cheap so i threw a few bucks at it. sure enough, the trend pushed it far enough to make money. i was guessing/rationalizing at the time that expirations and short covering was the reason for the day’s uptick. this time around, i think covering calls will push things down through expiration day.

btw, i just started playing earlier this year. i’ve been up as much as 50% and down as low as 30% off. i’m generally takling out of my ass on this stuff so dont take my opinion with any serious weight. if anything, i’ve noticed that any time i mention an option play with my boss who is a permabull, i get creamed the next day. he even took to playing opposite of any play i take. and although his last play was looking good (cfc call @ 12.5), he either cashed out and made money before today or he got creamed… and let me mention my etrade debacle, went all in a month too fricken early, got demolished, went back in the next month for a timid amount that made everything back and then some. but damned if only…

[drunkle]

same as i’m in now, short the financials and builders…

i’d look for a strike and expire that minimizes cost while still being in reasonable range of movement… so like, i picked up dec 32.50 puts on citi, 12.5 dec put on cfc… expire is really close for dec though so i dont know if it’d be worth it at this point. but again, jan and farther out contracts are probably going to be decent buys.

one thing i’d had luck with is buying the trend on or near expiration. so like, i saw some stock, wfc maybe? last month that was moving up (or down, cant remember exactly) and was within a half dollar of the nearest strike. the contracts were selling relatively cheap so i threw a few bucks at it. sure enough, the trend pushed it far enough to make money. i was guessing/rationalizing at the time that expirations and short covering was the reason for the day’s uptick. this time around, i think covering calls will push things down through expiration day.

btw, i just started playing earlier this year. i’ve been up as much as 50% and down as low as 30% off. i’m generally takling out of my ass on this stuff so dont take my opinion with any serious weight. if anything, i’ve noticed that any time i mention an option play with my boss who is a permabull, i get creamed the next day. he even took to playing opposite of any play i take. and although his last play was looking good (cfc call @ 12.5), he either cashed out and made money before today or he got creamed… and let me mention my etrade debacle, went all in a month too fricken early, got demolished, went back in the next month for a timid amount that made everything back and then some. but damned if only…

[drunkle]

same as i’m in now, short the financials and builders…

i’d look for a strike and expire that minimizes cost while still being in reasonable range of movement… so like, i picked up dec 32.50 puts on citi, 12.5 dec put on cfc… expire is really close for dec though so i dont know if it’d be worth it at this point. but again, jan and farther out contracts are probably going to be decent buys.

one thing i’d had luck with is buying the trend on or near expiration. so like, i saw some stock, wfc maybe? last month that was moving up (or down, cant remember exactly) and was within a half dollar of the nearest strike. the contracts were selling relatively cheap so i threw a few bucks at it. sure enough, the trend pushed it far enough to make money. i was guessing/rationalizing at the time that expirations and short covering was the reason for the day’s uptick. this time around, i think covering calls will push things down through expiration day.

btw, i just started playing earlier this year. i’ve been up as much as 50% and down as low as 30% off. i’m generally takling out of my ass on this stuff so dont take my opinion with any serious weight. if anything, i’ve noticed that any time i mention an option play with my boss who is a permabull, i get creamed the next day. he even took to playing opposite of any play i take. and although his last play was looking good (cfc call @ 12.5), he either cashed out and made money before today or he got creamed… and let me mention my etrade debacle, went all in a month too fricken early, got demolished, went back in the next month for a timid amount that made everything back and then some. but damned if only…

[drunkle]

same as i’m in now, short the financials and builders…

i’d look for a strike and expire that minimizes cost while still being in reasonable range of movement… so like, i picked up dec 32.50 puts on citi, 12.5 dec put on cfc… expire is really close for dec though so i dont know if it’d be worth it at this point. but again, jan and farther out contracts are probably going to be decent buys.

one thing i’d had luck with is buying the trend on or near expiration. so like, i saw some stock, wfc maybe? last month that was moving up (or down, cant remember exactly) and was within a half dollar of the nearest strike. the contracts were selling relatively cheap so i threw a few bucks at it. sure enough, the trend pushed it far enough to make money. i was guessing/rationalizing at the time that expirations and short covering was the reason for the day’s uptick. this time around, i think covering calls will push things down through expiration day.

btw, i just started playing earlier this year. i’ve been up as much as 50% and down as low as 30% off. i’m generally takling out of my ass on this stuff so dont take my opinion with any serious weight. if anything, i’ve noticed that any time i mention an option play with my boss who is a permabull, i get creamed the next day. he even took to playing opposite of any play i take. and although his last play was looking good (cfc call @ 12.5), he either cashed out and made money before today or he got creamed… and let me mention my etrade debacle, went all in a month too fricken early, got demolished, went back in the next month for a timid amount that made everything back and then some. but damned if only…

[drunkle]

same as i’m in now, short the financials and builders…

i’d look for a strike and expire that minimizes cost while still being in reasonable range of movement… so like, i picked up dec 32.50 puts on citi, 12.5 dec put on cfc… expire is really close for dec though so i dont know if it’d be worth it at this point. but again, jan and farther out contracts are probably going to be decent buys.

one thing i’d had luck with is buying the trend on or near expiration. so like, i saw some stock, wfc maybe? last month that was moving up (or down, cant remember exactly) and was within a half dollar of the nearest strike. the contracts were selling relatively cheap so i threw a few bucks at it. sure enough, the trend pushed it far enough to make money. i was guessing/rationalizing at the time that expirations and short covering was the reason for the day’s uptick. this time around, i think covering calls will push things down through expiration day.

btw, i just started playing earlier this year. i’ve been up as much as 50% and down as low as 30% off. i’m generally takling out of my ass on this stuff so dont take my opinion with any serious weight. if anything, i’ve noticed that any time i mention an option play with my boss who is a permabull, i get creamed the next day. he even took to playing opposite of any play i take. and although his last play was looking good (cfc call @ 12.5), he either cashed out and made money before today or he got creamed… and let me mention my etrade debacle, went all in a month too fricken early, got demolished, went back in the next month for a timid amount that made everything back and then some. but damned if only…

[Eugene]

Don’t forget SCC.

Financials stocks have taken a lot of beating already and SRS is only indirectly connected to the market (as far as I understand, it is essentially the inverse of prices of commercial real estate in the United States). SCC is the one that’s really poised to take a beating if there is a consumer spending led recession. IMHO it’s the most underpriced of three. Year to date it’s only up 20%. SKF is up 35% and SRS is up 50%.

[Eugene]

Don’t forget SCC.

Financials stocks have taken a lot of beating already and SRS is only indirectly connected to the market (as far as I understand, it is essentially the inverse of prices of commercial real estate in the United States). SCC is the one that’s really poised to take a beating if there is a consumer spending led recession. IMHO it’s the most underpriced of three. Year to date it’s only up 20%. SKF is up 35% and SRS is up 50%.

[Eugene]

Don’t forget SCC.

Financials stocks have taken a lot of beating already and SRS is only indirectly connected to the market (as far as I understand, it is essentially the inverse of prices of commercial real estate in the United States). SCC is the one that’s really poised to take a beating if there is a consumer spending led recession. IMHO it’s the most underpriced of three. Year to date it’s only up 20%. SKF is up 35% and SRS is up 50%.

[Eugene]

Don’t forget SCC.

Financials stocks have taken a lot of beating already and SRS is only indirectly connected to the market (as far as I understand, it is essentially the inverse of prices of commercial real estate in the United States). SCC is the one that’s really poised to take a beating if there is a consumer spending led recession. IMHO it’s the most underpriced of three. Year to date it’s only up 20%. SKF is up 35% and SRS is up 50%.

[Author]

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