Running With The Shark

[New-born baby]

I'm at Scottrade. Have a margin account but to trade options need an option account. I'll do that. Then I'm ready to really learn!!!

What does it cost at Scottrade to trade options? At Interactive Brokers, it is only $1 or less. VERY CHEAP.

[riverbabe]

Hedging is so easy. Who's your broker, anyway? Got a margin account?
We've got to get you up to speed here. There is no real reason to take a loss on a stock--unless the stock gaps down hard. And even then, if you bought a put, you're protected.

Options can do a lot for you.

I'm at Scottrade. Have a margin account but to trade options need an option account. I'll do that. Then I'm ready to really learn!!!

[IIC]

Wish I was as sophisticated as you, to be able to hedge like that. Still on the learning curve. But I've been lurking here for years and remember being totally awed listening to you and people like Ski (where is he anyway?) talk together way over my head. It's gonna take time still. Congratulations on that great SWSI win!

And you have beautiful family! And Dad's pretty sharp lookin' too! Nice picture!
Riverbabe

Ski posted that he has some BIG work project going on

[New-born baby]

Wish I was as sophisticated as you, to be able to hedge like that. Still on the learning curve. But I've been lurking here for years and remember being totally awed listening to you and people like Ski (where is he anyway?) talk together way over my head. It's gonna take time still. Congratulations on that great SWSI win!

And you have beautiful family! And Dad's pretty sharp lookin' too! Nice picture!
Riverbabe

Hedging is so easy. Who's your broker, anyway? Got a margin account?
We've got to get you up to speed here. There is no real reason to take a loss on a stock--unless the stock gaps down hard. And even then, if you bought a put, you're protected.

Options can do a lot for you.

[riverbabe]

The stocks I hold are all protected by deep in the money calls. I am about 75% in cash, but I own EOG and VLO and ZIXI (no options here) and AOB. Sold SWSI for a $6 win yesterday. (SWSI is not down much, either. Looks okay right now).

I did not get Marty's "SELL! SELL! SELL!" order because I am not a paying customer. However, Marty is one sharp trader, and whenever he barks, I listen. I think you are wise.

Wish I was as sophisticated as you, to be able to hedge like that. Still on the learning curve. But I've been lurking here for years and remember being totally awed listening to you and people like Ski (where is he anyway?) talk together way over my head. It's gonna take time still. Congratulations on that great SWSI win!

And you have beautiful family! And Dad's pretty sharp lookin' too! Nice picture!
Riverbabe

[New-born baby]

Interesting. All things considered.

BTW, I was thinking of you because I wanted to ask you if you did anything in response to Marty's big-time sell sell sell alert today. I listened! The last time I ignored that alert I paid dearly! So I went to total CASH. Capital preservation time! Now need to work on my shorting (and developing those nerves of steel). Will not be out of this market for long. River

The stocks I hold are all protected by deep in the money calls. I am about 75% in cash, but I own EOG and VLO and ZIXI (no options here) and AOB. Sold SWSI for a $6 win yesterday. (SWSI is not down much, either. Looks okay right now).

I did not get Marty's "SELL! SELL! SELL!" order because I am not a paying customer. However, Marty is one sharp trader, and whenever he barks, I listen. I think you are wise.

[riverbabe]

The stock is down only $0.31 today . . . .

Interesting. All things considered.

BTW, I was thinking of you because I wanted to ask you if you did anything in response to Marty's big-time sell sell sell alert today. I listened! The last time I ignored that alert I paid dearly! So I went to total CASH. Capital preservation time! Now need to work on my shorting (and developing those nerves of steel). Will not be out of this market for long. River

[New-born baby]

According to the Shark, FARO, his Stock of the Week, sold off with the overall market today. His stop loss was triggered to close out the trade for a loss.

Riverbabe

The stock is down only $0.31 today . . . .

[riverbabe]

FARO stopped out Wednesday

According to the Shark, FARO, his Stock of the Week, sold off with the overall market today. His stop loss was triggered to close out the trade for a loss.

Riverbabe

[IIC]

Doug. Are you prejudiced??? Naw! I thought you might be upset at my wonderful reference to the real you (IMHO) and equating the greater you with the less great "The Donald". Am happy you have maybe forgiven me for that and are at least speaking to me again. I can't believe that $50/day! How desperate can people be? I'd rather spend it on a two martini lunch at my favorite restaurant. Would get more pleasure and more reward at almost no risk. Riverbabe.

Prejudiced...lol

I wouldn't pick on them if they charged a reasonable price...But then again, it is the Capitalist way and if people are stupid enough to pay outlandish fees for stuff that they can get for a lot less or free...Who am I to try and save them $$$???

[spikefader]

FARO...better sharks to pursue, imho..

Agreed. There's bearish double top potential on the daily, and if you look at a 4-year monthly chart the volume the last 18 months is uninspiring near monthly price resistance. I like the band action on the monthly, but I wouldn't be a buyer or holder here. Scuttlebutt Rating of +37 is too weak to seriously consider as well. I'm expecting a test of the daily fuzzy C support at 31.24.

[riverbabe]

River...Can we change the name of this thread to "Drowning w/ the Shark 4 Fifty Bux a Day"???............LOL

Doug. Are you prejudiced??? Naw! I thought you might be upset at my wonderful reference to the real you (IMHO) and equating the greater you with the less great "The Donald". Am happy you have maybe forgiven me for that and are at least speaking to me again. I can't believe that $50/day! How desperate can people be? I'd rather spend it on a two martini lunch at my favorite restaurant. Would get more pleasure and more reward at almost no risk. Riverbabe.

[riverbabe]

FARO is not yet done, imho, unless the market "corrects." (A possibility). What I see on the chart . . . technical target was $32, and it hit it. Current price is $33.30 or so . . . FARO should recover from this downgrade and continue up for a while, but ultimate high price is probably only $36-$38. In other words, it has had a nice run, and has perhaps a little more gas in the tank, but it is getting long in the tooth. This bull run began in April 2006, according to the MACD. There are better sharks to pursue, imho. Still, I'll be watching it.

NBB. I think you're absolutely right. He was really reaching here, as he admitted in his "pick" post. I just don't understand why he picked this particular stock. As proven on this Board, there were and still are many worthy candidates other than that one. Wish you could have read the post I actually had to delete. It was incendiary!!!! (meaning I smoked his pick to ashes!!!!) Good thing I got out of bed and deleted it. River

[New-born baby]

This is a little discouraging if you decided to try out FARO (I didn't but that doesn't mean you didn't)

This is the Shark report tonight: "FARO, our Stock of the Week, was hit by an analyst downgrade, based on valuation, prior to the open this morning. The stock attempt to bounce back but the uncooperative broad market provide to be an issue. The stock is still in good shape technically and we’ll give it a bit more time to prove itself but we’ll keep a tight stop in place and not let it fall too much before we move on."

I personally will not lose any sleep over this. Hope you don't either. Riverbabe

FARO is not yet done, imho, unless the market "corrects." (A possibility). What I see on the chart . . . technical target was $32, and it hit it. Current price is $33.30 or so . . . FARO should recover from this downgrade and continue up for a while, but ultimate high price is probably only $36-$38. In other words, it has had a nice run, and has perhaps a little more gas in the tank, but it is getting long in the tooth. This bull run began in April 2006, according to the MACD. There are better sharks to pursue, imho. Still, I'll be watching it.

[IIC]

This is a little discouraging if you decided to try out FARO (I didn't but that doesn't mean you didn't)

This is the Shark report tonight: "FARO, our Stock of the Week, was hit by an analyst downgrade, based on valuation, prior to the open this morning. The stock attempt to bounce back but the uncooperative broad market provide to be an issue. The stock is still in good shape technically and we’ll give it a bit more time to prove itself but we’ll keep a tight stop in place and not let it fall too much before we move on."

I personally will not lose any sleep over this. Hope you don't either. Riverbabe

River...Can we change the name of this thread to "Drowning w/ the Shark 4 Fifty Bux a Day"???............LOL