Crazy markets

Already happened with some help of some activist judge friends on the Supreme Court (see Florida 2000), and we've been paying the price ever since.......

Made the mistake of going long here,i really thought tech would be rebounding,oopsie. Think i'm really gonna just sit back for a while and see what next week brings and possibly further.

JOHN

I did some buy writes. all 3 will expire today and I not getting any stock called away because the stock didn't reach the strike. However I wrote on put on CHK for .59 to be put at 25, its around 24.5 right now at 2est, so I'll probably get put the Stock. 'll write a call on it if i get put the Stock probably especially if it goes up next week. Good Luck

I just started messing around with options recently. I'm just playing around with pretend money in options games until I get the hang of it. There's so much lingo involved, and chart reading. It's fun, but daunting at first. I'm guessing the basic concept is still the same. Buy low, sell high. Unless of course you're buying a put contract in which case it would be buy high sell low I suppose. Still getting the hang of it all.

a put option would still be buy the option low sell high, a put would move higher as the stock drops (excluding time decay). a good place to learn about options is the CBOE site CBOE options

Hmmmm.lemme get this straight. The fed is doing their stress tests on banks to see how a european meltdown will affect US banks ,BUT, the bigggest (the 6 deemed "too big to fail") only have to 'estimate' their assets and how they will be able to handle such a crisis.We're just supposed to take their word for this. Sure makes me feel all warm and fuzzy inside. BAC is on life support as it is,talk about one thats too big to fail,holy shit. MF just went down,strss tests? No wonder they just have to estimate,results might be too scary to actually deal with.

J

yep, and that MF Global is a mess. And Junk bond yields are going up. check out the bonds on the Casinos

Mohegan Tribal Gaming
Harrahs Bonds
Boyd Gaming

Germany had trouble selling their bonds yesterday, European default still possible, possible US downgrade by Moody's, sputtering US economy, all contributing to a continuing 6 Flags amusement ride roller coaster

The ride will be over, . . . soon.

Try beans, ........ it's much cheaper than oil.

Rick