trading patterns and balance transfer use

This is an All experts answer I recently gave


Ref the life of the loan transfers, I have found Bank of America and Discover and Elan are your best route. ANOTHER problem you have is that Citibank and chase and Bank of America seem to be unwilling to offer transfers that will pay off another card that is underwritten by them.

This problem can be addressed by having a small variable rate home equityline written by a no name bank like juniper or your local bank.

You then flip the transfer to the equityline and then go from the equityline to the card you need paid off.

AS for my investment I play leap calls on good stocks like ibm and cat.

I have tracked these stocks for years and have a good feel when they will run or drop.

recently I bought ibm leap puts symbol Wibmb in april for 900 a contract

and sold them in june for 980. If I had been willing to push the issue I would have gotten 1100 a contract

since ibm dropped from 125 to 115

I bought symbol wibah ibm leap calls at 840 a few days after I sold the puts

and with ibm at 118 and when Ibm hit 123 I sold them at 980

IF I Had pushed to Option expiration week I would have made 1100 a contract again. with Ibm at 129.

My conservative approach got me about 8% ea profit on these 2 trades so 16% total in a 3 month period.

I have tracked Ibm back 10 years and have seen a consistant pattern for it to drop around the end of may to june and then rise by aug 5.

the next traditional drop usually occurs in late aug thru oct 5 and then a rise occurs around or just before turkey day.

You may want to go to my blog

http://tbaarr.blogspot.com/2008/05/leap-call-option-strategy.html

and go thru all my posts related to stock trading especially my playing quarters post.

BE AWARE I am a non supporter of the republican lie called trickle down so my posts on their party may offend you if you support their party.

AS for a nice bike, you may want to check out MY dresser. IT WAS owned by Larry Hagman, I have the docs to prove it.Shes for sale and a 500 finders fee will be paid to whoever brings me a buyer for my 22k price.

I suggest you watch cat in the next few weeks as it just dropped to its ex div day of 7 17 its low was about 4 bucks lower then on ex div day

Thats when the specialist accumulated stock that he then sold at a 4 buck profit to the unsuspecting sheep that reinvest their dividends.

That consistant trend is another I trade on.