Trolling For The Whoppers

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  • Peter Hansen
    replied
    River Options Hotline

    River I had subscribed to "Options Hotline" and received one pick on Sunday Night ......I did make $6,000 with one Harrahs Option pick .....but then lost most of it on his other picks. Eventually I quit the service. Steve Sanoff is the editor but the problem is that his record is simply calculated from the LOWEST price the Option traded at ( IS HIS BUY SIGNAL) to the HIGHEST price the Option traded at ( IS HIS SELL SIGNAL) . Let me tell you ......those high and low prices for the options are almost IMPOSSIBLE for you to reach in the REAL world.
    River I have found that the best Option to buy is a LEAP on a great large cap stock that has been beaten down by bad news ......with that kind of option you may stand a chance of winning ......GOOD LUCK!

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  • Peter Hansen
    replied
    River we have all been through it

    River Good Luck On the New Thread ........It would be interesting to see your picks. As far as the nursing home .......my mother in law had been in one for about 10 yrs and finally passed on about 3 yrs ago . She basically signed over her home and moved in the nursing home with mostly everything paid for the 10 yrs .....the cost towards the end was about $78K per yr. River my dad is now older .....but fortunately for him , after my mom died, he married a much younger woman about 5 yrs ago, and she has been an angel......without her he would have been dead, thank God she came into our lives.

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  • riverbabe
    replied
    Originally posted by billyjoe View Post
    River,
    At last a thread of your own. Hope we can talk about stocks as well as options. Got lost in the Rocky River Valley Sunday after a wedding. I told Mrs. Billyjoe to keep heading north and we'll eventually get out and we did nearly 7 miles later.

    -------------billyjoe
    You found the Rocky River valley! What a great part of the Emerald Necklace! Again, you were very close to me. Probably within 1-2 miles. And you did the directions exactly right! Go north and you will always end up at or near the Lake, and you can go west (in your case) easily from there. I will be posting my current holdings tomorrow. Then I'll be AWOL for a little while to look after my almost 96 year old mother, and my brother and I have to find a nursing home quick. She may not be around long enough to move though. Not good times here. River

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  • billyjoe
    replied
    River,
    At last a thread of your own. Hope we can talk about stocks as well as options. Got lost in the Rocky River Valley Sunday after a wedding. I told Mrs. Billyjoe to keep heading north and we'll eventually get out and we did nearly 7 miles later.

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

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  • riverbabe
    started a topic Trolling For The Whoppers

    Trolling For The Whoppers

    I've started this thread by request for the comfort of those who want to converse with me without invoking a certain running shark. I have been fairly hesitant to post my portfolio and my picks up to now, because I am still on the proverbial learning curve. I tend to be a short term trader of stocks, and very occasionally a day scalper. Have just taken the plunge into shorting and have been doing okay with it. No big losses so far. Some nice profits.

    I'm basically a TA person but try to do at least some DD or follow the DD done by other excellent folks on this forum. I also tend to trade a lot on news that can act as a catalyst to price and volume movement. I realize this can be dangerous, and I have been stung once or twice, so I now wade carefully into waters such as these.

    Have also taken a plunge into options, so far selling calls (and buying back and selling again and buying back again) on underlying stock. Have another account where I simply trade options. Have a subscription service that I follow for advice here until I get enough experience to do it on my own. This second account is not large, so at this time I am buying/selling 1 call/put at a time so I can stay in the game a longer time before I lose it all (well, it's always a possibility with options, right?) I don't expect to get rich really quick here, but it's good experience and I'm looking to at least double the value of this options account in the next six months or less.

    So welcome to anybody interested in reading this, as I go rollin' and trollin' down the river! Riverbabe
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