RIMM selling at 13 times sales and 16 times book. They have a nice PEG ratio, but even if they grow to the degree the market is expecting the stock is overpriced here..
QCOM is selling at 7 times sales and 6 times book, but a lower PEG ratio.
AAPL is even selling at more reasonable ratios than RIMM with similar growth ratios as RIMM..
The more I look at RIMM and their margins and ratios the more I think it should drop 30 bucks next year...timing is everything but it is on the top of my list for shorts to watch.
Want to see a company out of control?
Look at
THIS
then at
THIS
RIMM selling at 13 times sales and 16 times book. They have a nice PEG ratio, but even if they grow to the degree the market is expecting the stock is overpriced here..
QCOM is selling at 7 times sales and 6 times book, but a lower PEG ratio.
AAPL is even selling at more reasonable ratios than RIMM with similar growth ratios as RIMM..
The more I look at RIMM and their margins and ratios the more I think it should drop 30 bucks next year...timing is everything but it is on the top of my list for shorts to watch.
Tuesday will, most likely, be the last part of this "sucker's rally."
And if the bailout package is released by Tuesday's open, I'd look for the smart money to sell all day to the suckers.
The confessions are coming......I think this so called rally has no legs and is mostly, if not entirely, paced by long-term suckers buying over-priced shares, or shorts taking profits, or flippers trading
Big money players want a shake-out....they want peeps jumping out of windows, and they'll wait for the weak hands to fold before they start any rally that's substantial.
If no one does fold, the broad market will just trade sideways for the next year or so, and the only people making money will be those who are nimble and smart enough to do the right rotations at the right time.
Pretty much a trader's market, which is right up your ally.
Think about it, WSC, big money isn't going to start any long-term rally unless there is a huge shake-out, and the shake-out we got the last 6 weeks really isn't much......I didn't see enough fear cause of the bailout rate-cut, the BAC bail-out, and now the Bush bail-out.
SIDEWAYS.
WSC-
Tuesday will, most likely, be the last part of this "sucker's rally."
And if the bailout package is released by Tuesday's open, I'd look for the smart money to sell all day to the suckers.
The confessions are coming......I think this so called rally has no legs and is mostly, if not entirely, paced by long-term suckers buying over-priced shares, or shorts taking profits, or flippers trading
Big money players want a shake-out....they want peeps jumping out of windows, and they'll wait for the weak hands to fold before they start any rally that's substantial.
If no one does fold, the broad market will just trade sideways for the next year or so, and the only people making money will be those who are nimble and smart enough to do the right rotations at the right time.
Pretty much a trader's market, which is right up your ally.
Think about it, WSC, big money isn't going to start any long-term rally unless there is a huge shake-out, and the shake-out we got the last 6 weeks really isn't much......I didn't see enough fear cause of the bailout rate-cut, the BAC bail-out, and now the Bush bail-out.
I know sometimes my tone may be read as argumentative, but I don't mean to come off as overly confrontational, so if I do, I apologize.
You obviously have a lot more experience with this stuff than I do, so what I say is mostly gut opinion and knowing how to read popular psychology and sentiment.
Do you bet any football, man?
Wall Street-
I know sometimes my tone may be read as argumentative, but I don't mean to come off as overly confrontational, so if I do, I apologize.
You obviously have a lot more experience with this stuff than I do, so what I say is mostly gut opinion and knowing how to read popular psychology and sentiment.
Geez I never take what you say as argumentitive..rather opinionated and that is why I address you specifically about certain things. I like hearing what people think, it might agree with me, it might not but unlike some in this forum, you shoot straight and post trades when you make them, not after either bailing or being in the money a ton..for example the trades you posted today, those were right at where the stocks were..very commendable.
Yeah I play sports..I just dont post games. I would consider myself run of the mill...I am up this year but I play tight, just as I do in stocks...
Another thing..a fresh set of eyes can do better than an old set like mine...so never stop from sharing your true opinions.
claycourt,
Geez I never take what you say as argumentitive..rather opinionated and that is why I address you specifically about certain things. I like hearing what people think, it might agree with me, it might not but unlike some in this forum, you shoot straight and post trades when you make them, not after either bailing or being in the money a ton..for example the trades you posted today, those were right at where the stocks were..very commendable.
Yeah I play sports..I just dont post games. I would consider myself run of the mill...I am up this year but I play tight, just as I do in stocks...
Another thing..a fresh set of eyes can do better than an old set like mine...so never stop from sharing your true opinions.
I managed, through a spotty wireless connection, I believe, to make a trade I did meant to cancel. It is small, but I hate botching anything due to carelessness.
Simply put, I bought 5 September calls on a thinly traded stock, expiration September. Stock trading two dollars under strike price.
When I got home, checked account, I discovered them in my account.The next day they were down 50%.
My first inclination was to buy a call option on the same date same price.
My other reaction was to buy them at the half price, and then try to settle for a smaller loss by selling them at a lower basis.I think there is a decent chance they settle above the strike price, but...
Anyone ever done something stupid like this before? what is the better way out? The thin trading concerns me almost as much as the price.
ANY ADVICE APPRECIATED:
I managed, through a spotty wireless connection, I believe, to make a trade I did meant to cancel. It is small, but I hate botching anything due to carelessness.
Simply put, I bought 5 September calls on a thinly traded stock, expiration September. Stock trading two dollars under strike price.
When I got home, checked account, I discovered them in my account.The next day they were down 50%.
My first inclination was to buy a call option on the same date same price.
My other reaction was to buy them at the half price, and then try to settle for a smaller loss by selling them at a lower basis.I think there is a decent chance they settle above the strike price, but...
Anyone ever done something stupid like this before? what is the better way out? The thin trading concerns me almost as much as the price.
Not a big deal, even if I eat it, just curious as to how to pull out of it as best I can...frankly, never traded options with such low volume, ever. It will be the last time I use the laptop to send an order in without checking on it a minute later!!
The stock is CMC, commercial Metals.I like the stock, but thought I had canceled the options order, only to find it executed when I got home
The strike price is $30.Here is what they did today, with the stock nearing $30.
Not a big deal, even if I eat it, just curious as to how to pull out of it as best I can...frankly, never traded options with such low volume, ever. It will be the last time I use the laptop to send an order in without checking on it a minute later!!
I am looking at Nov 65 calls for Harris Corp @ $1.8-1.9, based on a nice technical chart for the stock itself.Maybe a two week trade.Will look at it more carefully over the weekend.
I am looking at Nov 65 calls for Harris Corp @ $1.8-1.9, based on a nice technical chart for the stock itself.Maybe a two week trade.Will look at it more carefully over the weekend.
Last comment:all the trading I have done since getting back into it over the summer have been deep in the money trades.(Most have been really cherry picked off of Lenny Dykstra, after a week of analysis/charting etc etc.I have lost on one of 7 trades via his picks, although I tend to wait and buy them at lower prices than he recommends.The one loss I sustained was due to my own panic, and he ended up cashing in on it. I think the only serious loss he has had this whole year was on BAC options. I started reading him out of curiosity.He has either been very lucky or very good in this bull market.I always liked the way he approached the game of baseball; he was one tough customer.
Last comment:all the trading I have done since getting back into it over the summer have been deep in the money trades.(Most have been really cherry picked off of Lenny Dykstra, after a week of analysis/charting etc etc.I have lost on one of 7 trades via his picks, although I tend to wait and buy them at lower prices than he recommends.The one loss I sustained was due to my own panic, and he ended up cashing in on it. I think the only serious loss he has had this whole year was on BAC options. I started reading him out of curiosity.He has either been very lucky or very good in this bull market.I always liked the way he approached the game of baseball; he was one tough customer.
Dykstra.....I got stories on this guy and his love of gambling!!!! Personal ones, too. Very intense guy. Off the charts intense, but pretty damn funny, as well.
A true degenerate. One of our brothers.
Glad you're doing well on the options, Vermeer.
Cheers, WSC
Hahahahahaha
Dykstra.....I got stories on this guy and his love of gambling!!!! Personal ones, too. Very intense guy. Off the charts intense, but pretty damn funny, as well.
When I mentioned I was reading his options column, a relative commented, "Don't ever follow that lunatic, he ran into way too many outfield walls!!" That I do recall of his career!!!!!
I'd love to hear any stories you can tell on him.
When I mentioned I was reading his options column, a relative commented, "Don't ever follow that lunatic, he ran into way too many outfield walls!!" That I do recall of his career!!!!!
If you think the trade was right but not enough time, you could roll into another position but out further. I would suggest rather than just doubling down to analyze where and when you think the stock is going to drop and make the best decision for how to work the trade..it might mean legging into a Oct or later position and let the Sept ride to see where it goes..
If you just did a few contracts and it doesnt mean much then you could just gamble with it..
THIS
Could mean more declines for uranium stocks..
Vermeer,
If you think the trade was right but not enough time, you could roll into another position but out further. I would suggest rather than just doubling down to analyze where and when you think the stock is going to drop and make the best decision for how to work the trade..it might mean legging into a Oct or later position and let the Sept ride to see where it goes..
If you just did a few contracts and it doesnt mean much then you could just gamble with it..
WSC: Very few contracts (there are hardly any traded at all from what I saw of the volume!).The more I looked at the stock, the more it looked precisely priced, it will land right around the strike price,$30 unless September new money lifts the market overall. That is why I canceled, or tried to, anyway. I think you are right and decided not to double down. ..I think I am just gonna let it ride and make up the small loss on a later trade.Thanks !
WSC: Very few contracts (there are hardly any traded at all from what I saw of the volume!).The more I looked at the stock, the more it looked precisely priced, it will land right around the strike price,$30 unless September new money lifts the market overall. That is why I canceled, or tried to, anyway. I think you are right and decided not to double down. ..I think I am just gonna let it ride and make up the small loss on a later trade.Thanks !
poker game back in late 80s, vermeer, this guy was a gambling fool back then.....wanted to bet on anything......was really intense with his looks and shit, then he'd start laughing.
he was getting into the juice then as well.
dykstra is smart, though, so he got in to legalized gambling with stocks.
the stock market is no different that harrah's sportsbook.....same shit.
bet on msft tomorrow, just like betting on the turn, or betting on the seminoles....all the same.
poker game back in late 80s, vermeer, this guy was a gambling fool back then.....wanted to bet on anything......was really intense with his looks and shit, then he'd start laughing.
he was getting into the juice then as well.
dykstra is smart, though, so he got in to legalized gambling with stocks.
the stock market is no different that harrah's sportsbook.....same shit.
bet on msft tomorrow, just like betting on the turn, or betting on the seminoles....all the same.
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