HI Brian: The Balloon is Up <G> & RE>RE >The one thing that might lead to a cool welcome is a predilection toward puts and calls and technical analysis.<<
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My dictionary is not the fancy kind, it don't have any such word as
"predilection"...so I'll have to guess at what your trying to tell me. <G>
Lets see if I'm a good guesser..first off because I talk of puts and calls does not mean I like them..or the way the rule makers use or allow them to be used. If I made the rules no one at all could "BUY" puts except the owner of the stock, and only to the extent of the shares owned, that would be to let him or her have insurance against a big drop..there would an exception.." If I opened a position by selling puts to maybe support the stock with my willingness to pick it up at a certain price..then I could buy the puts back if I wanted to close that position" that is the idea behind puts, ) insurance, and or support..with maybe the hope to enter the stock below the current price..The way wall street runs amok with puts
is against my grain..yes I use them..but would outlaw the way they are
in a heartbeat..( if I could )..but not to use them when your in a
sea of corruption..is like you only walk on the right hand sidewalk..no matter what..while all the shirkers get to use both..and the street too.
My not using puts or calls, will not do one thing to change the way
wall street does business. What I would do if I could restrict them
is some thing else altogether. Any one who wants to take me to task
for using puts, need to extract their head from you know were and
talk to their senators..( and watch them look at you like your nuts,
"restrict Wall Street, you mean regulation..that's a bad word".
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AS for calls, only people who own stock should be able to sell them,
and that stock..needs reserved and to be callable..and not allowed
on or in a margin account ! You buy calls because your short of cash
but want the right to pick up the stock at a certain price at a
certain date, come that date you take the stock, or sell the calls
back..or if the stock has gone down you forfeit your option money,
but I would restrict their use..and not allowed them to be traded
freely.
Wall street came up with these divinities..and a bunch more wheeling dealing scams that are not there for the good of the general public, but here again say anything about "regulation"..and you may as well go
to Russia to live, first thing they will do is call you a commie
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There aren't any bigger commies than the "Wall Street brother hood"..their type is to just keep it to themselves..
well so much for my put/call ideals..you can't live by them unless
you like to get hit in the head with a 2X4..or unless you can get every one else to do it too, but then you have to pass a law..now you know how Wall street thinks about law..it's good for every one else..just leave us alone..all Wall street wants is laws to protect them from the peasants, none that would protect the peasants from them, lucky for me I took to the sea..lucky for them I never learned how to spell or became a lawyer..too.
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I use put/calls..but I don't exactly love or advocate them, if I have to tell that to the fools on the fool MOSTLY FOOLS thread I have my
doubts if it would register.
As for not allowing profanity, do they do that out of principle, "if so I can admire their integrity." If they are just doing it to look nice..that's another story..believe it or not I try not to cuss even when I hit my finger with a *#$$%! hammer...<G>
AS for the TA..I know very little..but I have enough sence to
know it deserves its own type of respect..and is nothing more
than a complicated way of looking at the market mood..it's
not always reliable..but with moody people how could it be ?
thing is it mostly tells you when it may be risky to cross the
street..if they are down on TA..just because they are not into
it it..that's a little being a bigot, and the extream form
of being a bigot..is the contempt of the unbonified..towards
the bonified..heck as I take THE WAll STREET MOBSTERS..to task,
it's only because..they don't want to be bonified..they like
to work in the shadows..hate regulation of any kind
if it applies to them, and love to use double speak.
Have a nice day..I watched the balloon as it went up again today..seems some sage took about 200,000 shares off the hands of
some fund manager..I figure it's one of those arab oil dudes who got someone blowing in his ear, about how he can launder some money via AOL. Most of the volume was the regular gang trying to pass
borrowed stock back and forth to see who could scalp the most.
But the outsiders all got burned..the MM had full controal
of the transfer today..and they made all the spread too.
Me I managed to get a few puts as she hit 49-1/4..even though
I knew they were over charging me, I took em anyway.
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Laugh if you will in my travels I have seen more scams and angles
than I care to remember. Was onec employed by some gansters..who
had me fooled..for a long time, after that mess I learned
to look under the rug, They are slick.
Now I'v been to a lot of Third World Contries, and some of them
are not exactly on the up and up..and because of the job I have
to do..sometimes I'v traded dollars on the black market..it's a
must if your caught up in a deal were the offical exchange is
nothing but a rip off to benifit the crooked officials, I hate
it..but what to do ? roll over and let them steal you and your
company blind..and belive me most of them will in a heartbeat.
They look at Wall Street and say why not..
Jim |
