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stockstradr.
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September 29, 2008 at 5:09 PM #278005September 29, 2008 at 5:14 PM #277686
underdose
Participant“I agree with you that, in general, it is BAD PRACTICE to gamble at timing…”
Oh, I wouldn’t call it a bad practice. I just personally don’t have the stomach for it. I mentioned Soros as an example of someone who made it a very profitable practice, and you may turn out to have a similar knack. But you’ve REALLY got to have nerves of steel. It should be fun, in a may-age-you-quickly sort of way! I’ll really cheer for you if it works. (Although, I’ll also cheer if your Roubini is wrong and gold takes off sooner rather than later since I’m still long….)
September 29, 2008 at 5:14 PM #277948Participant“I agree with you that, in general, it is BAD PRACTICE to gamble at timing…”
Oh, I wouldn’t call it a bad practice. I just personally don’t have the stomach for it. I mentioned Soros as an example of someone who made it a very profitable practice, and you may turn out to have a similar knack. But you’ve REALLY got to have nerves of steel. It should be fun, in a may-age-you-quickly sort of way! I’ll really cheer for you if it works. (Although, I’ll also cheer if your Roubini is wrong and gold takes off sooner rather than later since I’m still long….)
September 29, 2008 at 5:14 PM #277961Participant“I agree with you that, in general, it is BAD PRACTICE to gamble at timing…”
Oh, I wouldn’t call it a bad practice. I just personally don’t have the stomach for it. I mentioned Soros as an example of someone who made it a very profitable practice, and you may turn out to have a similar knack. But you’ve REALLY got to have nerves of steel. It should be fun, in a may-age-you-quickly sort of way! I’ll really cheer for you if it works. (Although, I’ll also cheer if your Roubini is wrong and gold takes off sooner rather than later since I’m still long….)
September 29, 2008 at 5:14 PM #277997Participant“I agree with you that, in general, it is BAD PRACTICE to gamble at timing…”
Oh, I wouldn’t call it a bad practice. I just personally don’t have the stomach for it. I mentioned Soros as an example of someone who made it a very profitable practice, and you may turn out to have a similar knack. But you’ve REALLY got to have nerves of steel. It should be fun, in a may-age-you-quickly sort of way! I’ll really cheer for you if it works. (Although, I’ll also cheer if your Roubini is wrong and gold takes off sooner rather than later since I’m still long….)
September 29, 2008 at 5:14 PM #278010Participant“I agree with you that, in general, it is BAD PRACTICE to gamble at timing…”
Oh, I wouldn’t call it a bad practice. I just personally don’t have the stomach for it. I mentioned Soros as an example of someone who made it a very profitable practice, and you may turn out to have a similar knack. But you’ve REALLY got to have nerves of steel. It should be fun, in a may-age-you-quickly sort of way! I’ll really cheer for you if it works. (Although, I’ll also cheer if your Roubini is wrong and gold takes off sooner rather than later since I’m still long….)
September 29, 2008 at 5:31 PM #277721CA renter
ParticipantAgree with Running Bear. I’ve been actively trading the market for a few years (mostly short) and am very, very light right now, after closing out a number of short positions.
Long Swiss Treasuries, some foreign currency CDs, US T-bills, “newly-protected” MM funds and very few shorts/even fewer longs. It’s all about capital preservation right now, IMHO.
September 29, 2008 at 5:31 PM #277983ParticipantAgree with Running Bear. I’ve been actively trading the market for a few years (mostly short) and am very, very light right now, after closing out a number of short positions.
Long Swiss Treasuries, some foreign currency CDs, US T-bills, “newly-protected” MM funds and very few shorts/even fewer longs. It’s all about capital preservation right now, IMHO.
September 29, 2008 at 5:31 PM #277996ParticipantAgree with Running Bear. I’ve been actively trading the market for a few years (mostly short) and am very, very light right now, after closing out a number of short positions.
Long Swiss Treasuries, some foreign currency CDs, US T-bills, “newly-protected” MM funds and very few shorts/even fewer longs. It’s all about capital preservation right now, IMHO.
September 29, 2008 at 5:31 PM #278033ParticipantAgree with Running Bear. I’ve been actively trading the market for a few years (mostly short) and am very, very light right now, after closing out a number of short positions.
Long Swiss Treasuries, some foreign currency CDs, US T-bills, “newly-protected” MM funds and very few shorts/even fewer longs. It’s all about capital preservation right now, IMHO.
September 29, 2008 at 5:31 PM #278045ParticipantAgree with Running Bear. I’ve been actively trading the market for a few years (mostly short) and am very, very light right now, after closing out a number of short positions.
Long Swiss Treasuries, some foreign currency CDs, US T-bills, “newly-protected” MM funds and very few shorts/even fewer longs. It’s all about capital preservation right now, IMHO.
September 29, 2008 at 10:55 PM #277949SmellsFeeshy
ParticipantIf there was a time for straddles and strangles this would definitely be the type of market to play them with. However trying to play them on financials right now is just too risky at the current options prices. On friday I was thinking about stradding Wachovia on Oct $10 calls/puts. At the time it would have cost $7.25/share to do that. Even with the hit they took today I would barely be above break even. The risk/reward ratio is way too low to make straddles a viable play. But maybe it would be worth it for non-financial companies. If anyone has any good suggestions I would be glad to hear about them 🙂
September 29, 2008 at 10:55 PM #278212ParticipantIf there was a time for straddles and strangles this would definitely be the type of market to play them with. However trying to play them on financials right now is just too risky at the current options prices. On friday I was thinking about stradding Wachovia on Oct $10 calls/puts. At the time it would have cost $7.25/share to do that. Even with the hit they took today I would barely be above break even. The risk/reward ratio is way too low to make straddles a viable play. But maybe it would be worth it for non-financial companies. If anyone has any good suggestions I would be glad to hear about them 🙂
September 29, 2008 at 10:55 PM #278226ParticipantIf there was a time for straddles and strangles this would definitely be the type of market to play them with. However trying to play them on financials right now is just too risky at the current options prices. On friday I was thinking about stradding Wachovia on Oct $10 calls/puts. At the time it would have cost $7.25/share to do that. Even with the hit they took today I would barely be above break even. The risk/reward ratio is way too low to make straddles a viable play. But maybe it would be worth it for non-financial companies. If anyone has any good suggestions I would be glad to hear about them 🙂
September 29, 2008 at 10:55 PM #278263ParticipantIf there was a time for straddles and strangles this would definitely be the type of market to play them with. However trying to play them on financials right now is just too risky at the current options prices. On friday I was thinking about stradding Wachovia on Oct $10 calls/puts. At the time it would have cost $7.25/share to do that. Even with the hit they took today I would barely be above break even. The risk/reward ratio is way too low to make straddles a viable play. But maybe it would be worth it for non-financial companies. If anyone has any good suggestions I would be glad to hear about them 🙂
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