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Post by Emperor AAdmin on Apr 16, 2010 14:31:31 GMT -5
Bad news on GS where it is accused by SEC of civil fraud makes its stock drop from $184 yesterday to as law as $159 today. (180-159 brings the minimum value of the option at ~21 range for those confused) Its 180 PUT option jumps to 21.5 per contract at one point. PS: $1,000 invested in that option yesterday would have brought you today at one point $270,000.
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Post by Emperor AAdmin on Apr 16, 2010 14:34:09 GMT -5
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Post by Emperor AAdmin on Apr 18, 2010 22:20:10 GMT -5
1) GS is also reporting earnings on Tuesday. 2) Volume increased by 850%. 3) I am thinking straddle or a strangle on Monday.
Any thoughts? Rexxy?
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rex362
Senior Moderator
Pellazg
PELASGIANILLYROALBANIAN
Posts: 19,058
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Post by rex362 on Nov 24, 2010 13:35:01 GMT -5
I haven't even looked at on quote in many months and nothing playing justa few mutuals from way back
no extra money to play and uncertainty been keeping me away ...
but also biz is on slow side ,in the mix w/12 years of college payment -3 kids back to back 1st one just finished
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Post by Emperor AAdmin on Nov 24, 2010 22:50:10 GMT -5
For reasons you mentioned I have entirely shifted my focus towards Gold (gdx, gld,cde) and silver (slv, slw, cde). They both move in the same general direction except that silver (etf = slv) on average moves at least twice as fast as gold (etf = gld). Silver stock SLW (also cde but slower) moves at least twice as fast as SLV. GLD moves usually twice as fast as the market. These are positions against the bad economy, currency problems and predictions are that silver and gold will at least jump 50% higher over the coming years exactly due to economy. SLW is the only thing I play now.
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