Happy, Thanks for the complement on CHIP, but you should know that I also lose too, sometimes cheap stocks get even cheaper. <VBG> I don't use a deep discount broker because I need service. I use discount broker Accutrade, they trade the major exchanges stocks on the internet ($0.02/share), but I have to call for my penny stock transactions. Since I buy many k of penny stocks, I usually pay the cap of a 5% commission in and 5% out. I expect to get multiples from pennies so commission cost is irrelevant. If you've been buying pennies lately, you know it's sometimes hard to get fills even though you have offers at the bid/ask. The extra service I get at Accutrade gets my trades done. I trade often enough to even have an assigned private broker. I've been very happy with the service, especially on huge volume up and down days.
Since I should stay on topic, I saw this today, you may be interested: egroups.com . I have been moving most of my serious money into beat up metal stocks with high leverage (SSRI, TKOCF, VGZ, HM, etc. Even own the jr. oil HEC. My head tells me that metals will never improve, that's why I keep buying them. However, since you mention XAU Calls, the Put/Call ratio is very bearish for the XAU, that's something that still concerns me. Sometimes investors get it right and the Put/Call turns out to be right, not contrarian. I hope this is one of those times.
BTW, for your future kids, check out SPDV. |
