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Investing Thread

Ouch. I just can't see what's keeping it right under that resistance level. I mean, c'mon!

But anyways, may as well chime in to thank you for the returns you've helped me get on RIG thus far. Very fucking impressive and right on the money. As we both know, the options market can be a little more maddening that buying and holding (understatement of my lifetime), but keep fighting the good fight. It seems like you're picking infallible and fundamentally strong companies and going for solid predictions as to where their economies of scale are destined to take them (especially int he realm of capital-intensive rig building, in the case of RIG, where scale matters more than almost anything else when it comes to winning).
 
Amen bruva. That $3500 loss above is just fake money for the investing game myself and Redleader are playing. I'm much more concerned about where my real money is sitting, $80 RIG May PUTS. I wanted to capitalize on the dip in the stock I expected to come, but the dip hasn't been as low as I wanted.

So here I am, holding a ton of PUTS for two weeks on a stock that I am super bullish on and expect to rocket up any day now. LOL it's quite the situation. RIG looks like it's going to gap down this morning so hopefully I can gtfo of the PUTS today. Fingers crossed!
 
Nice. RIG just TANKED over 3% and I just sold those PUTS for a nice profit. =D

Sitting all in cash now waiting to get back in long RIG August $80 calls.
 
Good idea. It tanked hardcore today. I'm going to get ito some $80 calls, but for which month I'm not sure. Maybe November... or is that too far out?
 
There are only February, March, May, August, January 2012, and January 2013 options for sale right now. People won't write and sell calls for other months until later. After the drop today and (probable) drop tomorrow, I think this is the best opportunity we've had in over a month to buy RIG Call options cheap.

I like the August $80 calls. The May $75 or $80s are probably good too. I'm not going to say that you should trust my instinct and buy them now because they'll double, triple, or quadruple your money, but you should definitely trust my instinct and buy them now because they'll double, triple, or quadruple your money.
 
Gawd. I promised myself I'd stop doing these hair trigger short-term options trades. I got so burned by them in 2009.

RIG was up almost 2% at open this morning, and since I still believe it's got to go down to just under $75 a share to test the 50 day simple moving average, I bought a ton of March $75 PUT options into this morning's strength for $2.62 apiece. I'm hoping RIG sells off later in the day and I can dump them for a nice profit, because if RIG decides to keep rallying it's going to cost me dearly.
 
I got raeped today on those puts I posted about above. I always seem to find myself betting against a stock I'm super bullish on when I lose money lol. Hopefully it'll drop tomorrow so I can make back some of the money and sell them.

But yeah RIG calls ftw.
 
Phew! Was able to unload half of those puts this morning for $2.68 and the other half this afternoon for $2.80.

After yesterday I was reeaallllyyyy doubtful I'd be able to sell those for a profit. I must have a horseshoe stuck up my ass. =D

Now I better stop being so impatient and get into those August Calls I was talking about.
 
3:22 PM With Whitney Tilson throwing in the towel on his Netflix (NFLX +3.6% ) short and the stock hitting a new all-time high, Lenny Brecken may be the last short standing. Brecken still hates the stock, believing Netflix overstates earnings by the way it amortizes content costs and masks cash flow declines by ballooning accounts payable. Comment! [Market, Tech]
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Fucking Netflix. The stock that defied gravity's gravity.

Could Whitney Tilson finally capitulating be a contrarian indicator that Netflix is finally going to go down? I'd be WAY too scared to try and short this stock. Still interesting to watch though.
 
That's just ridiculous. Right now, there is a lot of value in things like Pawn Shops, dollar stores, payday Loans.

I've read some articles today about the Senate re-doing the patent laws of the land. Patents are going to be accelerated due to extra money coming in (higher court costs, basically, to cover tech upgrades), but fees will be cheaper for the small guy. The specialized field of intellectual property law will slowly turn into traffic ticket court, starting now I believe. Companies on the cutting edge of how to take advantage of all of this are Amazon, APPL, Google, etc., and they're of course all competing over patents with one another all the time.
 
captainballs said:
I've read some articles today about the Senate re-doing the patent laws of the land. Patents are going to be accelerated due to extra money coming in (higher court costs, basically, to cover tech upgrades), but fees will be cheaper for the small guy. The specialized field of intellectual property law will slowly turn into traffic ticket court, starting now I believe. Companies on the cutting edge of how to take advantage of all of this are Amazon, APPL, Google, etc., and they're of course all competing over patents with one another all the time.
Click to expand...

Patent trolls are a serious threat.

Imagine everything you own with a 10% patent tax because some lawyers wanted to make money on a broken system.

These guys are scary. http://en.wikipedia.org/wiki/Intellectual_Ventures
 
GenericMind said:
There are only February, March, May, August, January 2012, and January 2013 options for sale right now. People won't write and sell calls for other months until later. After the drop today and (probable) drop tomorrow, I think this is the best opportunity we've had in over a month to buy RIG Call options cheap.

I like the August $80 calls. The May $75 or $80s are probably good too. I'm not going to say that you should trust my instinct and buy them now because they'll double, triple, or quadruple your money, but you should definitely trust my instinct and buy them now because they'll double, triple, or quadruple your money.
Click to expand...

I posted this a week ago. Anyone that bought these could sell today for over 75% profit.
 
GenericMind said:
There are only February, March, May, August, January 2012, and January 2013 options for sale right now. People won't write and sell calls for other months until later. After the drop today and (probable) drop tomorrow, I think this is the best opportunity we've had in over a month to buy RIG Call options cheap.

I like the August $80 calls. The May $75 or $80s are probably good too. I'm not going to say that you should trust my instinct and buy them now because they'll double, triple, or quadruple your money, but you should definitely trust my instinct and buy them now because they'll double, triple, or quadruple your money.
Click to expand...

I posted this about 20 days ago. Anyone that bought these calls would have officially doubled their money by today.
 
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you can be patient and keep adding to a compounding savings account and aqcuire a mil+ in a decade or so.
 
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