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pecorino

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  1. Just heard some negative language on CNBC regarding DOW, describing it as a potential value trap (not exactly sure what that means) and "dead money". The sentiments were offered by Mike Khouw who is often wrong so I'm taking them with a grain of salt.. I assume you like DOW as a long term hold. Thoughts on his claims?
  2. Picked a great day to peek into this thread. Thanks, todem. Your posts are greatly appreciated. Personally, I'm sitting at right around 20% cash (top end for me) which is where you've got that level pegged. For the rest of us pikers in here, I am deep into FLGT November $85 calls. They're selling at under $4 today. Don't know why, but this ticker has been a yo-yo for a while now and it is at a relative low. I pushed in a lot of chips this morning for those that want to chase a quick double-up. Those calls were at $8 as recently as earlier this week.
  3. Is this one of those cases when seemingly bad news creates an uptick in the stock price? You know, like when a company blows out earnings and yet the thing drops? That could happen here. right, but in the opposite direction?
  4. On dynasty, I'm holding. Situation aside, I was impressed with the way Patterson ran in the preseason, FWIW.
  5. The most excited I've been for a show in a long time--headed to Santa Barbara in two weeks to see them at the Santa Barbara Bowl. Capacity around 4000. Near the water. A mini vacation. Can't wait. On a different note, tried to get NYE tickets in pre-sale (no luck) and then through Ticketmaster. They have been, continue to be, and will forever be the worst company in the history of companies.
  6. 1) I took a moment from my day And wrapped it up in things you say And mailed it off to your address You'll get it pretty soon unless The packaging begins to break And all the points I tried to make Tossed the thoughts into a bin Time leaks out, my life leaks in 2) Lingering slowly melting away Tossed with the salad and baled with the hay Pooling the water that drips from above Trampled by lambs pecked by the dove 3) They walked into her cabin shack They had never seen a southern home And they liked it, better than their UFO They liked it, they really liked it They said, "Here's a place of elegance Here we shower ourselves in lightness"
  7. These PTON November calls are selling for $8.25 this morning, meaning that one could exit the position to net the 15-20% gain, or sell a higher-strike call against it to net some premium and cap gains based on that higher strike price.
  8. Heard Tony Yang pimping PTON November $85 calls last Friday. Those puppies are on sale since PTON has dipped a couple bucks since that piece aired. You can buy the $85 calls and sell the $100 calls for about $4. Gives you about 8 weeks to possibly flip for +$11 if they hit.
  9. I have been holding 10000 shares of DPLS and then buying 20000 more at $0.095 and selling those around $0.11 or $0.12. Done it three or four times. So far so good.
  10. $6.50 is the price of one contract (representing 100 shares) and is an outlay of $650.
  11. It means that I think FLGT will rise in the next few days and so therefore the value of the options will rise accordingly and then I can sell them for a profit. I have no intention of holding those calls until expiration or of owning the stock. Some background: the reason to do this is that one can "invest" less than $700 to buy a call which represents 100 shares. If I outright bought shares with $700, I'd own like nine of them. Less principal, much more leverage. If the price rebounds to, say $85, which is where it was recently, then those calls will be worth $10 or $11 (meaning, $1000 or $1100), netting a gain of about 50%. Owning stock would yield a gain of about 10%. On the other hand, if the share price remains where it is or drops, then the calls will be nearly worthless.
  12. I'm a buyer of FLGT November $85 calls. Going for around $6.50 this afternoon.
  13. So I passed the Series 65 this summer. Again, happy to answer questions you have about it. With those two exams down, I can register as an Investment Advisor Representative. The natural thing to do would be to switch careers (which I am thinking about) but as a current educator, I'm locked into my contract until July 2022. In the meantime, I may just put up a shingle and see if I can generate some interest locally and maybe net a few bucks. Once my webpage is up and running, I'll let you know. Tell all your enemies.
  14. I've been reading The Black Swan and learning more about how hedge funds go both long and short in order to maximize their ROI. The crux of the biscuit and what I am writing about in this post is the following: the hedge funds cover themselves on the downside in such a way as to get "explosive returns" (their words) when the inevitable correction hits. They're not trying to time it, but they pay for hedges that go bananas on big downturns. Maybe you saw the gaudy >100x returns from Ackman in a Covid trade, or other even more extreme examples. OK, so how does one do that? As a retail trader, I have access to buying puts on the SPY but 1) they are relatively expensive even on a short term basis and 2) they do not yield the same kind of explosive growth even if you do get the timing right. I hear words like "swaps" swirling around but have no idea how those work or if retail schmucks like us have access to them. If I was a hedge fund manager, I would not want the common man to know how to achieve those explosive returns during a correction so it is no surprise that the recipe is not printed for all to see. But surely the hive-mind of FBG's best can come up with a trading strategy to mimic what the hedge funds are doing. Thanks for your thoughts.
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