Jacob, Thanks for coming to my Defense.
I can not blame Charles for laughing at a 100 AMAT Sh investment worth a mere $5466. Probably he has a lot of money invested like in the Hundreds of Thousands or Millions. He must be new in this Thread, or just passing by. He doesn't know that Investors in this Thread need not Invest a lot to gain a lot. A multi-millionaire needs 10 Million to gain 1.5 Million in a Hedge Fund whose manager depends on the advice of Paid Analysts for his trading decisions. Maybe, he doesn't know you Jacob that your less than 100,000 invested in AMAT LEAPs last Downturn, earned you a Million (It could have been 3 Million if you did not get scared and sold prematurely).
How much is 5,000. According to Charles, it's not real money to play with. Does anybody realize that with the AMAT YoYo Plays I devised with just a mere 100 Sh worth 5 to 6 Thousand .—- they could gain 12,000 in a year (say 5 points every 2 weeks = 10 points * 100 sh * 12 months). Of course if played with LEAPs instead of stocks, the gain could be 3 times or more. Shorter term Options which I play a lot but do not recommend to the Thread give a lot more.
Like I explained to Charles, 100 Sh Plays I've been posting serve as Demo for the AMAT Bull and Bear alike —- during the Drop, time to Buy or Cover and during the Catch, time to Sell or Sell Short..
Do I need to say I traded from 0 to 40 a day in various accounts mostly in Options especially during the Bull Market of 1996-97?. My more than 1,000 Posts can attest to that. But now, just less than 10 a day because I'm trying to control my itchy fingers. I am minimizing the frequency of trades by following closely my YoYo Schemes.
I might as well tell the latest of my mis-adventures in the past: Just to prove that I also made mistakes and have a hard time correcting them. This is to prove the saying that the easier it comes, the easier it goes. Relatives and Friends know about my Funny Games like this: —-
A few months before the October Bottom in 1998, my wife converted her IRA worth 10,000 from a Mutual Fund to a Brokerage Account with Options capability. I played it with Stocks and Options, shorting sometimes. By October, the account was worth a mere 2,000. Believe it or Not —- My Wife was able to withdraw 200,000 from that account later on (in part to finance 2 Houses in the Philippines worth 40,000 each —- one replacing my Wife's house and the other mine not far from her's —- houses that would serve as vacation houses for us or places to retire if my 4 American born Children are just going to throw us in a Convalescent Home (why, I got 3 sisters that are nurses over there and can hire as many household helps I need for just 25 Dollars each month). She also Converted 20 Call Options worth 5,000 into a Roth IRA that became 400,000 worth when AMAT was at its high. Unluckily, the Regular IRA became from over half a Million (after the withdrawals) to just 78 Dollars in cash! That's not the first time I did something similar. I told my wife that that half million lost is like in a CD and I'm going to cash it later when AMAT is above 100 again… |
