CoverIsBetter

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    • Thu Sep 25th 11:52 AM | Rating: 0 0
      Commented on:
      Profiting from the $700 Billion Bailout
      So your friend's house appreciated a half million Canadian dollars.So what? What does that say about our current financial crisis? Nothing. If he wants another similar Canadian home, guess what. He will have to spend a bunch of millions of Canadian dollars. (And then lose them all when their asset bubble pops)

      So the exchange rate changed. That is completely a separate issue which you poorly explain by mentioning a home that nearly doubled in value in its home currency. Exchange rate arbitrage is totally overrated. Try moving just 100 miles within the US and see what I mean.


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    • Wed Sep 24th 10:08 AM | Rating: 0 0
      Commented on:
      Options Trader: Monday Outlook
      GE Trade not working out well yet, with the stock dropping 2 points since this December call recommendation.

      Tried to follow the USO recommendation and screwed it up. Now I just have a vertical spread instead of this calendar/bearish-verti... thing you have described here. What is the movement in USO that would make that trade work? Down-lateral near term, upward long term?
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    • Thu Sep 18th 09:50 AM | Rating: 0 0
      Commented on:
      2 Good Stocks I'm Considering Buying on This Plunge
      Let's see, we are heading into recession and you recommend 2 products that are more addictive than crack :-)
      Talk about vertical demand curve.
      "What do you want for that, a junior g-man badge?" -Vincent Hanna

      What else you got?

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    • Wed Sep 17th 14:03 PM | Rating: 0 0
      Commented on:
      Is Sirius XM Headed the Way of Old Radio?
      I know this thread is so long now, I may get no readers. But it helps me to vent that THERE IS ADVERTISING on the XM. All morning, I am trying to get the financials from CNBC, and commercials play. On Bloomberg channel, what do you get? Damn commercials about Bloomberg channel. Hey idiots! I am already a paying listener, you don't need to advertise yourself on your own channel!

      Also, I would like to complain about what happened to the ESPN channel. I used to get 'Around the Horn' and PTI on my way home from work, and now they are gone. Hanks Place turned into WIllies Place and now that sucks.

      All this makes me want to move closer to work, just to stay off the road.
      The only saving grace, maybe, is hearing Public Enemy on that sunny Sunday afternoon that I just can't stand another freakin' minute of the
      stupid-burbs where I live.

      Conclusion : The service is not worth the fees, and does not live up to the mammoth effort spent to provide it.
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    • Tue Sep 16th 14:17 PM | Rating: 0 0
      Commented on:
      Options Trader: Tough-Decisions Tuesday
      "emergency claptrap" I love that.

      But seriously, who signs up for a 100 year loan? That is WAY overestimating the morality and virtue of the typical problem borrower. If people were willing to retrench that far to hold on, we would not be in this mess. Heck, I saw a perfectly healthy educated white couple getting foreclosed out of a tiny Florida ranch house on CNBC. And I am thinking, why are you not at a second job somewhere? Go steal from the register, atleast then we know you aren't lazy.
      "If you ain't cheatin' you ain't tryin"

      I love the persistence with which you suggest the government get closer to the problem and not just bail out banks, Phil. I only have to wonder just what we do in those "90 days of stopped foreclosure"?Free... their ARM? You can do that last of those w/o spending any money or hiring anybody. You have a point, that we could evaluate who should get saved or not, but that leads into a real market-skewer of government corruption.

      OT: What is going to happen to WaMu? Did you continue to accumulate using the covered call/put strategy?
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    • Tue Sep 9th 20:41 PM | Rating: 0 0
      Commented on:
      Knowing When To Take Money Off The Table
      So are you calling the bottom on Oil here? (I am holding USO Puts)
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    • Mon Sep 8th 10:59 AM | Rating: 0 0
      Commented on:
      Is Wachovia the Worst Run Bank in America?
      "If there was a run on the bank, Wachovia would not have the cash to satisfy its depositors"
      What bank would? Is this not what a "reserve ratio" is about?
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    • Mon Sep 1st 13:23 PM | Rating: 0 0
      Commented on:
      Top Nine Stocks Going Ex-Dividend Mid-September
      Stocks typically drop by near the amount of the dividend shortly after it is paid. If you lose on the stock price, and pay taxes on the dividend, how good is it?
      View article »
    • Tue Aug 26th 09:46 AM | Rating: 0 0
      Commented on:
      Beacon Power: My Top Stock Pick for 2008
      Awesome videos! This is really interesting technology. Am I to understand what we are seeing is power input into a spinning wheel, which is later engaged to a magnet or something to get power back out of it? Once the wheel hits it maximum rotation speed, it can't accept any more input without wasting it? So maybe the excess power is routed to another wheel in the building. Is this almost like regenerative breaking in hybrid vehicles?
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    • Tue Aug 19th 13:47 PM | Rating: 0 0
      Commented on:
      Commodity Carnage: Where to Turn Next?
      Form OGEC, to constrain exports.

      That will contribute to our existing trade imbalance by reducing what we sell, and strain diplomatic relationships with other nations.
      (Poor countries may really need the export volume.)

      Maybe you need an embargo to get what you want. Park some warships on the coast and block in-coming food shipments.
      But, why stop there, why not just invade and take the oil ;-)

      Pardon my sarcasm, but interfering with what we export would not help.
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    • Fri Aug 15th 21:22 PM | Rating: 0 0
      Commented on:
      Options Trader: Friday Outlook
      Thanks for explaining the WMT trade. I got thrown by the word "expiration" and missed the opportunity to take out the Callers when those August contracts dipped. A few hours Thursday morning would have gotten me on board. I need to join your program, so I understand the recommendation from day to day. Keep up the helpful posts!
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    • Fri Aug 15th 15:47 PM | Rating: 0 0
      Commented on:
      Options Trader: Friday Outlook
      It is Expiration hour this moment : "sell the Aug $57.50s for $1 or more"

      With WalMart trading up near $60, selling this contract has not worked well. Unless your advice was to let it expire? I am totally confused about how this trade was supposed to work.
      View article »
    • Mon Aug 11th 09:27 AM | Rating: 0 0
      Commented on:
      Options Trader: Friday Outlook
      I am not sure I understand why go all the way out to March for the WMT calendar spread? Could you not make more selling a more near term leg of the trade?
      View article »
    • Sun Aug 3rd 20:23 PM | Rating: 0 0
      Commented on:
      Options Trader: Friday Outlook
      I also wanted into AAPL, and sold the 170 Calls to get the 165 Calls cheaper (and as a hedging play). Of course, now I am getting slaughtered like a Pig (albeit a small pig). Is there any hope left for AAPL before the August expiration? The media is not helping talking about cracked devices.

      Thanks
      View article »
    • Thu Jul 31st 20:44 PM | Rating: 0 0
      Commented on:
      Options Trader: Thursday Outlook
      Were those GOOG 480 Calls? Or Puts? That thing looked scary at the close today. Still loving that WM strategy you outlined earlier.
      View article »
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