Doctor Jack's Stock Medicine

[Jack Haddad]

I've been following his thread closely for awhile now once I realized who and what he is. If you only made his plays as he posts them you would be up alot more that you probably are right now. Apparently he does real well and I'm sure that he is exposed to all the right inside info and moves on the street.
No reason to feel dumb next to him but to miss out on what he is doing while it is right in front of our faces could be considered somewhat dumb.
What I don't really understand is what he is doing here with us turkeys. Maybe he just likes slumming.

No one is big for anybody... you'd be surprised how much I have profited by listning to those who were in their fledgling beginnings. Information which moves traders on the floor is a lot more simple and naive than you think

[skiracer]

No one is big for anybody... you'd be surprised how much I have profited by listning to those who were in their fledgling beginnings. Information which moves traders on the floor is a lot more simple and naive than you think

Great to hear that you think that way Jack. I have been watching all your moves and have made a number of them in a separate account that I set up just to see how well it does in relation to my other trading acct. Doing very well although on a much smaller scale.
I find it hard to believe that last statement.

[Tatnic]

No one is big for anybody... you'd be surprised how much I have profited by listning to those who were in their fledgling beginnings. Information which moves traders on the floor is a lot more simple and naive than you think

I appreciate it that you share your trading methodology with us. How do you set your target..ie your sell points? Some of your trades are just for a few pennies whereas others are for several points. Do you know before-hand how much you are willing to wait for?

[Jack Haddad]

Tso

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

[Jack Haddad]

I appreciate it that you share your trading methodology with us. How do you set your target..ie your sell points? Some of your trades are just for a few pennies whereas others are for several points. Do you know before-hand how much you are willing to wait for?

I don't forecast or set a gola for a profit on a stock. My decision to unload or load on a particular security is based on a multiplicity of factors. It's really an equilibrium of how much equity I'm willing to tie up on a given day relative to a market day's risk.

[Jack Haddad]

Intc

http://www.avcg.net/news/newsandarticles_article.asp?DID=154

[Jack Haddad]

Slb

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

[Jack Haddad]

Yhoo

Bought 3 blocks at 23.01 to 23.06 and wrote 300 Nov 22.50 calls at 1.30/contract. The stock is cheap and undervalued, despite the slump in not meeting Wall Street expectations.

[Tatnic]

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

I just noticed that aapl oct. 75 calls are bringing over $2 of time value (stock is at $74.53), with 2 days left! Talk about juicy.

[Jack Haddad]

Slb

Bought 2 blocks at 59.75, and wrote 200 Nov 60 calls for 2.55/contract. The stock is sitting at the 3 month support. I couldn’t resist such a juicy premium. Basically I have a 2.55 dollars as a downside protection.

Mike, I sold my 2 blocks of SLB at 61.56 and bought back the Nov 60 calls at 3.55/contract. My net profit was 79 cents/share times 20,000 shares.

[skiracer]

Mike, I sold my 2 blocks of SLB at 61.56 and bought back the Nov 60 calls at 3.55/contract. My net profit was 79 cents/share times 20,000 shares.

Jack,
Now that is capitalism at it's finest. Beautiful play. Everyone should be following this thread. If one were to position size it to 1/10th of your play it would still mean a $1580 +- gain less the commissions.

[Jack Haddad]

Imcl

Bought 2 blocks of IMCL, and wrote 200 Nov 30 calls at 1.50/contract. The resistance of 30 and support of 28 should hold well for the premium on the calls to vanish completely.

[Jack Haddad]

Jack,
Now that is capitalism at it's finest. Beautiful play. Everyone should be following this thread. If one were to position size it to 1/10th of your play it would still mean a $1580 +- gain less the commissions.

Thank you kind, sir.

[skiracer]

Thank you kind, sir.

Jack,
Do you like wine. Specifically speaking California Cabernet's. Well I've been called worse Jack. Thank you.

[billyjoe]

Jack,
A block of GOOG would have been nice.

---------billyjoe