Doctor Jack's Stock Medicine

I believe he told us what his returns were a while back...if I recall for the year they're in the neighborhood of 30%, pretty decent. He also doesn't need to set stops because he's hedged most of the time with in the money options. And also keep in mind that his methodology is to lose on the options, not win. So yes he does lose technically but by doing so he's winning. I have to hand it to him, he's got a simple but ingenious, profitable trading system. Which reminds me...I've gotta check in on LEH to see how that chart looks.

if LEH closes above 77.6, its a moon shot in my estimation.

Jack,
Don't you ever lose?

-----------billyjoe

I believe he told us what his returns were a while back...if I recall for the year they're in the neighborhood of 30%, pretty decent. He also doesn't need to set stops because he's hedged most of the time with in the money options. And also keep in mind that his methodology is to lose on the options, not win. So yes he does lose technically but by doing so he's winning. I have to hand it to him, he's got a simple but ingenious, profitable trading system. Which reminds me...I've gotta check in on LEH to see how that chart looks.

Technicals before the January 17th 4th quarter earning release are strong. The retraction from the 2 month high of 22.00 shows a huge support and a current level which has yet to factor the compnay’s latest products and development. Bear in mind, the market is a “discounting mechanism.” That said, INTC will rally strong to 25 and excel to 33 by mid 2007.

that's quite a move Jack. I see some possibility of a bullish move, but not sure I see over 50% in 6 months, esp. given that we're at ridiculously high levels of bullishness in the markets now.

INTC, a strong buy

Technicals before the January 17th 4th quarter earning release are strong. The retraction from the 2 month high of 22.00 shows a huge support and a current level which has yet to factor the compnay’s latest products and development. Bear in mind, the market is a “discounting mechanism.” That said, INTC will rally strong to 25 and excel to 33 by mid 2007.

Imcl

Shares got taken away for a profit of 47 cents/share times 50,000 shares.

Correction, the shares were kept and 500 Dec 30 calls sold at 80 cents/contract were entirely pocketed.

Imcl

Shares got called away for a profit of 73 cents/share times 100,000 shares.

Correction, share did not get called away; rather, 1500 Dec 30 calls sold at 2.50/contract, were pocketed.

Imcl

Bought 10 blocks of IMCL at 31.77, and wrote 1000 Dc 30 calls at 2.50/contract. Excellent intraday pullback.

Shares got called away for a profit of 73 cents/share times 100,000 shares.

Imcl

Added 5 blocks of IMCL at 30.33, and wrote 500 DEC 30.00 calls at 80 cents/contract. I noe hold 15 blocks

Shares got taken away for a profit of 47 cents/share times 50,000 shares.

Mrvl

Correction, 20.68

20 blocks got called away for a profit of 33 cents/share times 200,000 shares

Mrvl

Added 20 blocks at 20.09 to 20.11, and wrote 2000 DEC calls at 1.25

The shares got called away for a profit of 15 cents/share times 200,000 shares.

Yhoo

Bought 3 blocks at 27.59, and wrote 300 Dec 27.50 calls at 85 cents/contract.

Pocketed the entire premium of 85 cents/contract times 300 for the Dec 27.50. Come Monday, I will write the Jan 27.50 or 25.00 calls, depending on the time value of the calls that morning.

Nem

Bought 10 blocks at 46.88 and wrote 1000 Dec 45 calls for 2.10/contract

My 10 blocks of NEM got called as a result of the 1000 Dec 45 calls that I wrote at 2.10/contract. My net profit on this trade was 12 cents/share times 100,000 shares.

Jack,
Don't you ever lose?

-----------billyjoe

I don't execute any trades on a loss becuase I don't st stop loss limits-- a principal which goes against many seasaoned professionals. My only losses are paper losses.

Intc

Bought 18 blocks at 21.12 to 21.14, and wrote 1800 DEC 20 calls at 1.25/contract.

Sold the shares at 21.07-21.08, and covered 1800 DEc 20 calls at 1.10/contract for a net gain of 9 cents/share

[billyjoe]

Jack,
Don't you ever lose?

-----------billyjoe