Investment

» US55 - Good consolidation

In response to Good consolidation posted by GROUNDZERO:

Thats is avery good point about options.
A wasting asset except for those who watch time pass by writing them. Thats the term I refer to as "watching grass grow"!

-- posted by US55

» GROUNDZERO - Good consolidation

In response to Good consolidation posted by US55:

I make as much, if not more, in writing Calls and Puts than I do with net positions, writing options is a necessary requisite in the full arsenal in the trader's bag of tricks... otherwise you're stepping into the boxing ring with one hand tied behind your back... writing options locks in profits, I don't mind if I limit the profits, greed will ruin any trade, and the premiums for the March contract right now are fully plump and loaded with time premiums, ripe and ready for the picking... some of my positions are net long so I can let them run and allow the market to give me what I can get, sometimes I end up with more and sometimes with less than writing a Call against that position... so, writing an option can also increase one's profits...

GZ http://xrl.us/SpiralProfits
DISCLAIMER: My comments, replies, and opinions are general in nature, they are not meant or intended as specific investment advice to anyone, and certainly do not represent the opinion of anyone but myself. Individuals should consult with their professional advisors for specific investment advice. The spiral model is strictly experimental in nature and should not be used for trading purposes except by those individuals who have a fluent working knowledge of its abilities, mechanisms, and limitations.

-- posted by GROUNDZERO

» WalkBarr - Good consolidation

In response to Good consolidation posted by GROUNDZERO:
I agree, way overbought, couple of days of consolidation before the next move up.

JMO...

-- posted by WalkBarr

» US55 - Good consolidation

In response to Good consolidation posted by WalkBarr:

Ready to continue up move.

-- posted by US55

» WalkBarr - Good consolidation

In response to Good consolidation posted by US55:
Looks like it to me...

-- posted by WalkBarr

» WalkBarr - RE: Fridays Employment Reports...

With the Employment reports comung out @ 8:30 am on Friday, we might just consolidate till then.

-- posted by WalkBarr

» GROUNDZERO - RE: Fridays Employment Reports...

In response to RE: Fridays Employment Reports... posted by WalkBarr:

I wonder if the markets got a heads up about Friday's numbers... and anyone have any idea why the NAZ is so weak compared to the DOW and SP?

GZ http://xrl.us/SpiralProfits
DISCLAIMER: My comments, replies, and opinions are general in nature, they are not meant or intended as specific investment advice to anyone, and certainly do not represent the opinion of anyone but myself. Individuals should consult with their professional advisors for specific investment advice. The spiral model is strictly experimental in nature and should not be used for trading purposes except by those individuals who have a fluent working knowledge of its abilities, mechanisms, and limitations.

-- posted by GROUNDZERO

» gopii - RE: Fridays Employment Reports...

In response to RE: Fridays Employment Reports... posted by GROUNDZERO:

Dont know the answer to your question, GZ, but Dow now has a potential double top......

-- posted by gopii

» US55 - RE: Fridays Employment Reports...

In response to RE: Fridays Employment Reports... posted by GROUNDZERO:

Just my thought, I think the loss carry forward option is being used to finally shed some huge thuming funds took and never recovered from. They went to other sectors that did very, very well and now they can dump the dogs that never made it home.

-- posted by US55

» hickfish - RE: Fridays Employment Reports...

In response to RE: Fridays Employment Reports... posted by GROUNDZERO:

What about huge covering of short positions in anticipation of blow off top?

-- posted by hickfish