WARNING ABOUT THE NEW JAN 2011 LEAP CALLS

For some reason the specialist are trying to rip off investors.

the spread between the bid and ask of the Ibm jan 2011 leap calls is almost 3 bucks.

that is a ripoff

the spread should be no more than a dollar

I have looked at the prices and just followed my own experience

the vibah option for ibm was bidding 380 and asking 660

I placed my buy order at 440

thats 60 cents above the ask

if it executes

I can make money
If it does not

then they dont make a sale

as I will never pay more than 80 cents above the bid price to buy an option

its a waste of time and money

the oex and how I play it

At All experts I was asked how I woul play this oct 08 market using an index option

here is my answer


In my opinion the oex and other index options are like playing poker.

so lets answer the question based on texas holdem poker

you have 3 of a kind and there is a possible straight on the board

the pot is 100

is it worth 8 bucks or 16 bucks to see if you can bully the person playing for the straight

out of the hand

now for the market

I recently bought oex options

I made a value bet

I bought three 600 buck jan oex

and I am planning to be out in nov no matter what

I spent 300 a contract on 3 contracts

they are already worth 400

the dow at 10,000 will have the oex at around 520 best case

oex is at approx 477 on 10/14

now the 580 oex jan option the oebap,is selling for 500

so a 20 buck move in the oex is gonna give me 100 more in profit

based on 5 -10 oex points per 100 dow points

I see 9900 on the dow as being 497-505 on the oex

that will be my out point, most likely

the jan oex call is oebap for the 580 strike

and oeyat for the jan 600

I suggest you base your buy on 20% max of your earned profit no more

I only spent 10% as ITS A GAMBLE

look at the oex jan 540-580 as each bid ask

will tell you what you can make

IE

the 540 is say 1000 bid and the 560 asks 850

so if you get a 20 buck move in the oex or 400 dow points min

your 850 buy becomes a 1k sell or 150 per contract profit

ie 18%

THIS IS HOW I VALUE THE OEX

Its your choice how you play

good luck

GlobalTestMarket SURVEY SCAM

This is my experience with global test mareting.

I feel they are a scam due to the fact that they do not follow up their surveys.

You are supposed to be paid 5 points if you dont qualify for a survey.

this only happens half the time.

you can get completely through a survey and be doing the final questions about age race and income

and the survey will switch to the do not qualify page

and you get only 5 points if that

as global may credit you for the 50 points you were owed. and then a week later they will pull the points.

this is exactly what happened to me on 5 oct 08 and why I refuse to deal with them anymore


We’ve got a new chance for you to earn 50 Market Points!! Please check out our new survey as soon as you can!!
Wednesday, October 1, 2008 8:24 PM


charles weber Account #: 9967819 MarketPoints Balance: 1090

Dear Mr. charles weber,

We are currently conducting a new and entertaining study of which your participation is requested. This survey will only be open until this Wednesday as possible for a chance to earn 50 Market Points!!!
Survey Details
Study Number:
MarketPoints for this study: 121102
5 - 50

Or copy the following into your browser to go directly to the survey:
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If you wish to view all studies for which you are currently eligible, please login to your account, and go to the 'Survey Activity' section under 'My Profiles.' Forgot your password?



Flag this message
A new survey from GlobalTestMarket
Sunday, October 5, 2008 3:38 PM
From:
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View contact details
To:
tbaarr@yahoo.com

charles weber » Account #9967819 » MarketPoints: 1040

GlobalTestMarket is looking for your opinion.

A new survey is available
Survey Number: 121214
MarketPoints for survey: 5 -50
Start Survey »

You can also access the survey by copying the following URL into your browser:
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Best regards,
GlobalTestMarket


these people will rip you off for points whenever they can

if you deal with them be ready to file BBB complaints


A FINAL NOTE

IT WAS ONLY AFTER I WROTE THIS POST AND FILED ANOTHER BBB COMPLAINT

DID SARAH CANNING agree to pay me the 1090 points I am owed ON 10/7/08

for what its worth

1 point is only worth 5 cents

DON'T ever believe that you will make 300 an hour for doing surveys

John mccain the big lie

Recently I heard an add for John Mc Cain in Colorado. He said he does not want big government and pork . Its a fact that he coauthored a Deruglation of the banking industry.that caused this current need to bail out wall street.

REPUBLICANS dont want government oversight or big government, but they sure want government bailout when their greedy corporate bankers screw up.

trading Ibm for profit using leap calls and puts

Ok the 10th of sept came and went and I bm followed trend and was up on the 10th.

I bought Ibm leap puts on 9/10 for 730 a contract and was able to sell them yesterday on 9/16

at 850 a contract for an approx 18% return.

We are now looking for a down point of 108-110 in my opinion.


be aware ibm may be at bottom for this year only as the primarys are 4 oct and the election is early nov

This may cause the repubs to have their rich backers run up the market,so they can claim a short term gain and brag how great they run the country. NOTTTT.

ibm hit 115 and 113

hmmm ok so my range of 105-115 to buy has been hit

but its still way to early to buy

unless the bush crew is trying to make an early run up

to look good for the election NOTTTTTTTT

if its still in my range by option expiration week

the week of the 3rd friday of the month

I will be buying

Ibm will it follow the tradition trend

I have been watching Ibm for several years. I have found a consistant trend of this stock dropping 10-15% between aug 5 to sept 30.

since Ibm topped at 129-130 in early august and its down to 122-123 now.

the indicators are that it will follow trend/\.

the second part of the trend is to watch Ibm go up 10% or more between 15 oct to 20 nov.

NOW how do you play this trend on a 100 buck stock

when you only have say 2500 total to spend.

I buy a leap call good till jan 2010

that stock symbol is wibah the 140 strike call good till jan 2010.

I expect to buy around 800 a contract

with 1bm around 111 a share.

Now the difference between me and other people is I will get out when Ibm is 5 bucks higher.

This stock option will increase in value at a rate of 30 cents for every dollar Ibm goes up.

That means a 5 buck uptrend will pay 150 return on an 800 investment

If you spend 2500 you bought 3 contracts.

so you made 450 gross and 420 net if you use a discount broker.

so you make better than 15% in 30 days or less.

thats a decent profit to me.

good luck

Stock Trading ,Trading Agressively to win

Trading stocks aggressively does not mean pushing to the limit or trading every day.

YOU could simply track a trend of a stock and play it accordingly.

I have done this with Ibm and Rgr for years.

Recently, there was a nice drop in the dow from June to July.

I have found this trend with regularity, and you would too if you had tracked the Dow year to year as I have done.

With Ibm I bought the leap put in june wibmb a jan 2010 110 strike stock option.

when Ibm was around 125 I paid around 900 a contract.

at 118 the option was worth around 1000 a contract.

I got out and waited for the bottom.

Then I bought the wibah jan 2010 leap call for about 900 and sold again for about 1000, when Ibm hit 123

At the same time rgr went down to 6.00 a share and I bought 1000 shares.

my sell order was entered for 6.25cents and out, good till cancel.

even though rgr went up to 7.80, IT DID NOT MATTER.

I made my 25cents or 250 gross 220 net again for the 12th time since jan 08.

ie I was up 2700 on a 6-7k investment. or almost 45%. Thats both very agressive as well as conservative and safe, to me.

A day after rgr hit 7.80 it had a 2 buck tank and went to 5.61. And boy was I kicking myself as I was gonna short 500 shares.

but instead I bought my 1000 shares at 579 and got out at 5.99.

and when she pulled back to 5.72, two days later,I bought again and got out 2 days after for 5.97

As of 8/1/08 rgr is at 6 and I am up another 400 and waiting for the next traditional dow drop from mid aug throug late sept.

track my trends back 10 years. SEE IF YOU SEE WHAT I DO.

Good Luck

What would you do if you won the powerball

I would remember my family and that this is gods gift

By gods gift It means I would allow up to half of the after tax winnings to aid every member of my family ie sisters brothers cousins mom and dad if still alive. WITH NO STRINGS ATTACHED.

I would then take a quarter to set up a permanent income for my family to live comfortably,

The Last 1/4 would be use to form a non profit directly set to create health insurance for all.

It would be dedicated in memory to my dead parents,my uncle and my grandparents. As they gave me my value system.

This health insurance system would be 1/2 non profit half for profit. The for profit side would cover those whose jobs pay enough that they can afford to pay.

The non profit side would cover all medical needs at no cost of less fortunate and those who would have to choose between eating and seeing a doctor. It would directly offer housing to homeless by making arrangements with cities to use closed down schools and city offices and the homeless would do the needed repairs in exchange for room and board.

There would be childcare available so those homeless who still work can go

knowing their children are safe.

Yes it would be a Liberals dream come true as the republican concept of whats in it for me will be totally ignored.

I would make sure of this as I would oversee it.

I already give away my learned knowledge for free at All experts.com as well as here at,

AS Tbaarr Sees It

The way I thank god everyday is to help my fellow man, unlike conservatives who forget the words from the sermon on the mount.

When the rich man was told to give all he owned to the poor. I give my knowledge to aid my fellow man.

I wish all current winners happiness in their god given new fortune.

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.

The Trickle Down Economy Republican Lie

Recently the repubs have been backpeddling and laying blame on everyone but themselves,

They even had the gall to blame Greenspan for cutting the fed funds rate to 1%.

This is a perfect example of the two faced doublespeak lies that is the Repulican party.

Or does no one remember how the Bushboys stated that we should build a strong economy by borrowing at these low rates to stimulate our growth.

They also talked about a Faith Based economy.

WHAT A CROCK.

Its funny how the repubs choose to ignore the basic fact that we are in the exact same recession that we were in during 1986-1988 under the last 2 term repub term.

With Reagan and Daddy bush leading us to the savings and loans failures and the resulting recession.

This failure occurred due to the so called republican tax cuts that were funded by cutting state funding.

The resulting property tax rises to offset the revenue loss coupled with the interest rate cuts, fueled a temporary real estate boom.

This happened both in 81-83 and in 2001 to 2003.

Then they stated the economy was so hot in 1983 and 2003 that interest rate had to be raised and that started the cycle of foreclosures.

As the speculators began to get stuck with properties they cant sell at a profit,they get foreclosed on or sell at a loss and are left with a balance owed that they must file Bankrupcy on.

And 3 years later all the foreclosed properties get dumped as the banks are forced to sell by federal law.

This causes the first of many major housing sale price drops which causes sellers with variable rate loans to lose their homes after their low starter rates disapeer.

AND THAT LEADS US TO THE CURRENT RECESSION WE HAVE IN 2008.

JUST LIKE IN 1988.

VOTE DEMOCRAT IN Nov. 2008,IF THIS BOTHERS YOU AS MUCH AS IT BOTHERS ME.

check out poker stars

I cant tell you the fun I have had playing for free at this site.

If you Are a serious player you can also play for money.

CHECK IT OUT AND GET BACK TO ME.

I have a link here at my site

Play Online Poker

check it out

Credit Cards they can be a great thing If you ARE DILLIGENT

Credit and credit cards are a great thing for americans.

THE simple rules you must follow are

1 pay your payment so it arrives 5 days before the monthly due date.

2 try to get a cashback card to earn money for charging.

3 Pay your bill in full every month and never pay interst.

4 IF you carry a balance, don't be afraid to get a 2nd card to transfer that balance at a low interest rate.

NOW if you follow these rules you may end up like me.

I have more than 5 credit cards.

I carry over 30k in long term balance transfers at 3.9% interest.

And I invest that money and make 10% so I make a profit on that 30k loan every year.

THE ONLY RULE I CAN'T STRESS ENOUGH IS PAY THAT MINIMUM PAYMENT BEFORE THE DUE DATE.

USE AN ONLINE payment IF NECESSARY.

Simply have your bank set up free online payments in your account.

THEN simply set a reoccuring payment that will go out every month on the same day.

SET that payment to be 10-25 bucks higher then your minimum due.

REMEMBER YOU CAN ALWAYS SEND A EXTRA PAYMENT IF YOU PAID TOO LITTLE.

A final rule is to check your card the day after your auto pay goes out, to confirm receipt of payment.

IF you have money that comes in at odd times, simply ask your credit card company to reset your due date to accomodate your money inflow.

IF YOU ARE DILLIGENT YOU WILL NEVER GET HURT BY A CREDIT CARD.

A final thought, if you charge your normal bills that you pay cash with each month, and your card is a cashback card,you not only get paid to pay your bills you raise your credit score.

good luck

my new experience with pay per post

My experience with PPP has been positive and negative. But mostly its been
positive,as it has required me to learn about html and also look at the web
from their point of view.

I found PPP through a goggle web search after my blog was considered not
acceptable to google adsense. Its funny that just after I posted a warning, to all
who visited my blog, about a credit card company that was a real ripoff. I found
myself without ad support from adsense.

I started this blog to both answer questions about investing and credit card use,
like I do at All Experts.com, and raise some income to start saving money for my 2
girls college fund as well as pay for the bills that come with raising two beautiful
girls in this day and age.

PPP has also allowed me to meet others here at PPP and at their other site Social
Spark. Those people also showed me some other AD opportunities by going to their
blogs. I also found their blogs helpful in seeing what type of bog posts are needed
to qualify to be accepted as a POSTIE.

It took me 3 months of research to become a Postie as my time is limited. I am a 48
state truck driver by trade and that takes up 60-80 hours of my day. Its been a real
pleasure to learn about PPP and other sites and I would have never had the
opportunity to learn about them if I had not found PPP. Its amazing how a simple
google search titled GETTING PAID TO BLOG has changed my life.

One thing I would recomend to new people coming to PPP is how to place the ad code on
your blogspot blog. I thank Project Wonderful, for the info about the, necessary and
needed HTML/Javascript link, page element that needs to be added to any blogspot
blog. This link can be titled whatever you like and then you paste the code in the
content box.

That is also how you place other AD code on your blog as well as the PPP AD code
on your blogspot blog.


I thank PPP for helping me improve my knowledge of the blogging world and the
ability to help me improve my income earning capability. This will allow me to help
improve my daughters lives and give them the extras that my parents could not afford.


This is one reason why I have been willing to share my experiences in investing and
credit card management for free at All experts.com for almost 10 years now.

Thank you PPP for your resource to allow me to share my opinions on other topics and
earn revenue in the process to improve the quality of my families lives.

I think Pay Per Post is a great way for advertisers to get exposure. Here is the link.

get paid to blog

drive traffic










href="http://www.payperpost.com/?utm_source=opportunity&utm_medium=disclosure%2Bbadge">

I hate wannabies and I loved Good Will Hunting

The bar scene from the movie Good Will Hunting is the perfect example of rich wannabies

thinking they are better then the rest of the world.

The priceless line of course is you just dropped 150k on an education you could have
gotten for a 1.50 in late charges from the public library.

The rich boy then acts superior and will counters with a challenge that the rich wimp backs off from.

The NSA scene So accurately describes what babybush did in the army reserve and now as

a true lameduck prezeldent letting the oil companies shaft us with oil hikes.

That I wonder if the repubs got their whole game plan from this movie.

If you ever run into someone who has no clue what they are doing but is so arogant in their insistance that they expect you to follow their lead.

RUN AWAY FROM THEM.

A perfect example of this is that loser Amarosa on the Celebrity Apprentice. EVEN

when defeated she still Launched a slander campaign on the person who destroyed her.

She had the gall to infer he was gay.

WHAT A LOSER SHE IS.

Be aware of discount stock brokers offering cheap commissions

These brokers are usually small operations who use a clearing house for their trades.

The main question to ask these guys is whether they offer those very cheap commissions

when you make a limit trade. Usually you will find that they only offer these cheap

commissions on market orders. And you end up paying more then the difference in the

commission when the market order executes 5 cents higher than your limit order would

have.

David Horowitz once said these words

BE AWARE AND INFORMED AND DONT LET ANYONE RIP YOU OFF.

Watch out for state farm Insurance company

I have found State farm to be the king of bad faith when dealing with their own insured as well as 3rd party when their insured hits you.

These are direct examples of my dealings with State farm.

My home was broken into 3 times in a 6 month period in the early 1990's.

State farm asked me if I knew who robbed me, It was my belief that friends of my roommates had broken in, So I told state farm this in case they might have luck investigating and arresting them.

Instead State Farm clearly took the position that I was the cause of my home getting Robbed and refused to pay 2 of my 3 claims.

The only reason they paid my 3rd claim is I had removed all my roommates.

And even though I had replacement cost coverage. they only paid me the depreciated value on any and all items that were no longer made and therefore not replacable with like items.

Ie I paid a higher premium for nothing.

Then in 1996 their insured made a left turn in front of me and for 6 months State farm contended that I was at fault because I was able to jam my brakes on fast enough that their insured caught my front bumper with their rear bumper.

This case was resolved in small claims court 8 months later to my favor.

Every time I hear that slogan

LIKE A GOOD NEIGHBOR STATE FARM IS THERE

I mentally add TO BEND YOU OVER AND GIVE YOU THE SHAFT.

IN MY HEAD.

One of my best friends car was stolen, and the only reason he got a fair settlement is his father,a lawyer,called the adjustor and threatened a 1st party bad faith lawsuit.

Ie DEALING WITH STATE FARM WITHOUT AN ATTORNEY IS AN INVITATION TO BE SHAFTED.

Good Luck

Is restoring a car a good idea

Well lets look at that from an economic view.

I currently own a 1972 mustang Mach 1 and a 1977 corvette.

Both have a top value of 25k and both have a median price of 15k and a low price of 10k.

So the question is this, is it worth buying a non runing starter unit for 2500 and putting 7k into the engine and trans and interior.

I say yes but you must be willing to learn to do the basics of bodywork and engine tuning yourself.

The trick to restoring a car is knowing the vin and if you have matching numbers.

then the work is worth it.

AS a medium restore of these 2 cars with say 10k total invested is still worth a 5 k profit.

Plus they are getting rare so the price will only go up on a well restored car.

a 5k return on a 3 year restore with 10k invested is 50% or about 16% a year.

Plus you got the pleasure and prestige of driving the beauty.

So to me for the pleasure value its worth it.

Driving is not a job its a way of life

People say dang trucker as they pass us on the road.

And we say dang 4 wheeler to those that cut us off,

or race to pass us as their lane ends.

I really question the mentality of someone in a 4000 pound car that cuts in front of my

80,000 pound rig with only 1 car length or less of space.

Do they have a clue that I cant stop as fast as they can?

Do they realize that if I hit their rear end, they will either spin out and flip,or

worse,I will run right over their car and crush and kill them.

Thats my worst fear on the road.

I really question those that enter a 65 or 70 mile and hour freeway at 50-55 with a

cell phone in one hand and only one hand on the steering wheel.

Don't they realize that the law states they must enter at freeway speed or slow down

and let the traffic next to them pass.

When I honk my horn to warn them I cant get over, and its something the law says I don't have to do.

Dont they realize that simply pressing hard on their gas pedal will allow them to enter ahead of me.

Remember you have a 200-300 horsepower engine driving a 4000 pound car.

I have a 600 horsepower engine pulling 80,000 pounds.

Who do you think will move faster if they put the pedal to the metal.

I have to anticipate your style of driving both in my rig and on my harley, If I don't

want to be in a possible deadly accident.

Please help me do my job to get your groceries and your paper towels and your cereal.

Please give me the same respect you would give me on my motorcycle.

Please let us both live today.

Thank You

The important things in my life have changed

When I was single,back in 1997, my most important things were my Harley and my 66 T bird.

Its amazing how the birth of my daugeters in 1999 and 2003 changed this direction of thinking.

When they were first born,there was no describing the warm feeling in my gut that I felt as my little babies, in my arms,smiled and reached out to grab my finger.

The wide eyed look of total trust was so heartwarming,that I nearly cried with happiness.

Now as I drive for a living and am away 3 weeks at a time, I look forward to them running up to my rig and giving me a big hug and kiss, when I pull into the driveway.

The greatest pleasure I get is taking them to the playland at burger king and watching them enjoy the play area. Then we share a quick snack and then go to the park if the weather is good.

I still own 2 paid for Harleys, but playing with my girls is much more important and fun, then the feel of the wind in my hair.

My life is my wife and my girls now, and giving them everything I did not have growing up is my greatest pleasure.

Dividend reinvestment is a loser bet in my opinion

The reason I dont reinvest dividends is that I feel its a rippoff.

Consider the fact that you are locked into buying stock on 1 day and 1 day only, every 3 months.

Now consider the fact that the specialist who controls that stock knows he has probably 1 million people who will buy at least 1 share of stock on that day.

Tell me why that specialist won't jack the price up on that day, after he dropped it a few days or weeks before when he accumulated shares.

Every dollar he raises the price is a dollar pure profit on a million shares.

I have traded this specific trend and made a profit for many years.

A real example of this is cat in aug of 2007 and or Nov of 2007.

NOTICE how the price dropped within a couple days of the ex div day.

That was the specialist covering short sales he made on the ex div day.

This is only my opinion.

Playing quarters in stocks

This is a theory I use when I play leap call options or a small priced stock like DPL dayton power and light or RGR strum ruger.

Basically quarters means 25 cents and out.

I track a stock back 10 years using its graph and compare the years looking for a consistant rise or fall in a consistant 3 month period.

I look at what the average rise is.

You must have at least a consistant 5 buck in a stock rise to play quarters with leap call options.

Leap calls that are good for at least 2 years and that are no more than 20 bucks out of the money will rise at a rate of 25-30 cents on the dollar.

In my experience this is what I have seen.


I have found that a 5 buck expected rise will give you a 3.50-4.00 buck play range

Since most options have a 50 cent spread between their bid and ask, a 3.50 move in the stock gives you a 75-90 cent rise in the leap option.

After the 50 cent spread is subtracted, you have a 25cent to 40 cent profit.

A stock option controls 100 shares, so the 25-40cent profit is worth 25-40 bucks per contract.

So 5 contracts means 125- 200 gross profit

Now most leaps I play cost 500-700 a contract, so five contracts cost 2500-3500.

So if you make 125 on a 3500 investment you made about 3.5% return.

If you do this 5 times a year, you made 15-18%.

Timing the sale is easy, you simply enter a good to cancel sell order,at your chosen price, 5 min after your buy order executes.

I have done this with stock options on high quality stocks like Ibm and Cat Caterpiler, and Dis Disney

I have done this with pure stocks like Rgr and Dpl

The so called stock repair or averaging

This is something that brokers push to make more commissions.

Here is an answer i recently gave.

I have bought cpl hundred shares of morgan stanley last october,and now its trading $10 below my purchase price..do you think applying stock reapair strategy would help me break even or cover any of my losses. if yes, who is the best person to ask? someone from my brokerage firm?or anyone else?please write me back at your earliest convience.


OK so you have say 200 shares of morgan stanley valued at 47 a share

ie 9400 worth.

Now looking at the 5 year chart of MS,

it shows a trend toward going sideways from may to jun then dropping from jun to jul

in 3 out of 5 years.

That tells me I have a sell signal right now

MY OPINION ONLY BUT THIS IS WHAT I WOULD DO IN MY PORTFOLIO

IF your loss is only 2000 now

I would look at other stocks that you have a profit in

and take that profit while you take the loss in MS

ie you break even.

As for stock repair or stock averaging or whatever they call it now

I CALL it good money after bad

ASK ANY person who repaired or averaged priceline when it dropped from 130 a share to 2 a share.

But Merril Lynch said it was a great repair stock.

Now why do you think Merrill Lynch is now called ING.

Stock repair or averaging is where you buy at 50 and it drops to 30 so you buy again

hoping it goes to 40 and you break even

or whatever your stock repair plan says to do

In the long run I have lost

so I just don't do it any more

period

good luck

2 weeks later I gave this follow up

Hmm its a couple weeks later and MS is 42.95 ie its down 4 bucks

from the 47 price it was at when I suggested to you to sell.

I hope you did

good luck

Tyler Hicks stated The secret of success in business is the effective use of other peoples money

IN my opinion this is a stone cold fact.

My own belief is that investing can be considered a business.

The good thing about Schedule D investing is that if you have a bad year and a major loss in one year.

You can carry that loss forward to the next years and use it to offset gains.

SO if you lose say 30k in 2003 and in 2004 and 2005 you made 12k a year.

That 12k a year or 24k total would be tax free. because the 30k would have a 27k carryover in 2004 and a 12k carryover in 2005.

The other 6k was sent to your form 1040 as a loss to be written off against your ordinary income at a rate of 3000 a year.

30k loss in 2003 became 3k going to your 2003 1040 as a loss and a 27k carryover for 2004.

In 2004 you made 12k profit on sch d, so you have 27k - 12k equals a 15k loss and then 3k goes to your 2004 1040 as a loss. So you carry over a 12k loss to 2005.

You made 12k profit in 2005 so its zero'd out by the 12k loss you carried over from 2004.

This is why I consider investing a business that you might consider funding with a low interest life of the loan balance.

ONLY USE A LIFE OF THE LOAN TRANSFER.

This is only my opinion

Is paying down your equityline with a lower interest credit card balance transfer a good idea

In my opinion its not a good idea to pay down an equity line loan using a lower interest credit card loan.

One reason is you lose your tax deduction as credit card interest is not deductable.

2nd reason is your payment on the credit card loan is based on a 7 year loan.

the equityline loan is based on a 15 year term.

That means the mininmum required monthly payment is lower on the equityline loan.

you also can pay more if you wish to reduce the principle owed.

So my main reason to not reduce an equityline loan is this.

You can either pay a lower tax deductable home loan payment and risk paying more in IRS taxes.

Or you can keep the higher payment and the higher tax deduction and use the low interest credit card loan to invest.

AS I DO

Refinance an auto loan using a low interest balance transfer

If you can take a 6.5% 15k auto loan and change it to say a 4.99% life of the loan credit card balance transfer.

You will save money if you continue to pay the same payment as the car loan was.

This explanation will include a balance transfer fee of $200.

A credit card is a 7 year term that floats.

This is why the minimum payment will drop each month.

Thats the catch the credit card companies use.

A 20 k auto loan at 6.5% will have a fixed payment around 370 a month.

The credit card at the same rate will be 340 the first year but around 300 a month 6 months later.

All you have to do to accomplish saving yourself money, is to pay the same payment you had paid on your auto loan.

With the 2.5% difference in interest, you should pay the loan off a year or so earlier then with the auto loan.

A 200 buck fee is equal to 1.3% of your 15k balance.

So in the first year your loan interest cost you4.99 = 1.33 or 6.32%.

In the later years it will cost 4.99%.

To approximately calculate the average interest, you pay in a year, take 5% of 15k ie 750 and subtract it from 15k ie 14250

5% of 15k is 750 5% of 14250 is 712

Add 712 to 750 and divide by 2.

so 1462 by 2 is 731

divide 731 by 12 months and you have your approx monthly interest in year 1

repeat for year 2-7.

The only way this loan will cost you more interest then your old loan.

Is if you only pay the reduced monthly minimum each month.

I would simply pay exactly what I paid for the old car loan, If I could afford it.

The beauty of the credit card loan is you have an option to pay less in a tight month and stay current.

JUST DON'T BE LATE ON YOUR PAYMENT, EVER

You can also select a higher deductable insurance plan. REMEMBER the car is paid off the loan is on your credit card.

That saved premium can also be applied to the loan.

FREE,the cheapest way to get your credit score

The cheap way is to apply for credit cards till you get denied

then you are entitled to one free copy of your credit report per year

the denial letter will give you the contact number for the credit rating institution they used.

You can achieve this same result by asking all your credit cards for a large credit increase.

1500- 2000 this will usually never get approved,

and now you have been denied credit and are able to get that one free report per year.

Or you can simply pay for one. NOT AN OPTION I WILL EVER DO.

Call your credit card company and ask them for the customer service number of the credit reporting agency they use.

This way costs around 8- 15 bucks

I am not sure anymore as I always get mine for free

YES I AM A CHEAPSKATE

I also never pay those credit finder outfits that offer a free report

as the fine print will get you ripped off 90% of the time.

leap call option strategy

This is a procedure I do everyday with leap call options

Example Ibm is 124.70 today

Its been moving sideways for the last 2 -3 weeks.

The range has been 123-127.

Unfortunately this means using an option you might make 30-50 a contract.

Options only appreciate 30 cents on the dollar.

So if you bought the option 'Wibaf' the IBM ,Jan 2010 expiration, 130 contract for say 1000 a contract ask price.

The bid price would be about 930-950

The bid price is what you could sell that option for

So if the stock moved 4 bucks to 127 the option bid price would appreciate 1.20 based on a 30 cent on the dollar rise.

It should be 1050-1070 probably 1050.

This 30 cent on the dollar return on the options is the typical rise I have seen over the last 20 years of trading. ON options that are long term and close to the money. IE no more then 10-15 bucks out of the money. So if you go out past 140 you decrease your return possibility.

BUYING a shorter term is a loser bet to me.

So now you made 50 bucks a contract profit. So say you spent 5k and bought 5 contracts,you would make 250 gross about 225 net, based on a Charles Schwab round trip of 10-12 bucks a side. He is MY broker so I know the price.

If you spent 12k for 12 contracts which is what 100 shares of the stock approximately costs.

You would make 600 less comission. ie prob 550 net, On the options.

AS opposed to 400 gross made on 100 shares of stock bought at 123 a share and sold at 127 a share.

This kind of trading requires timing and tracking your chosen stock,very closely.

The reason I like Ibm is there are consistant patterns that show 10-15 buck drops an rises.

That gives me the opportunity to make 3 - 5bucks a contract profit.

So 5k invested could pay back 3-5k profit.

And you only tied up less than half the cost of 100 shares of the stock.

Graph the stock back 10 years and you may see these patterns too

Ibm just pulled back like Cat did

Ibm just pulled back from a high of 125 to 121 as of 4/28/08 and it should have an ex div declared around 6 may. Cat did this same thing and then ran for its ex div day to 86. Now it sits at 83, after dropping to 81 about four days after it declared its ex div day.

I wonder if Ibm will do the same exact thing?

These are trends that are trackable and playable to earn income.

Gold is over 1000 an ounce and gas is near 4 bucks

Many folk say this is a issue cause by the Bushboys. Some say it is not. I say it is and here is my opinion.

Babybush has put our great nation deep in debt with his oil war I call Iraqnam.

Anyone who knows anything about debt, knows the more debt you have the higher interest rate you pay.

But in the case of a country, the interest rate is set by the country so its money value is then affected.

When bushboy attacked Iraqnam .90 american bought 1.30 of euro dollar

and 1 dollar american bought about 1.50 canadian.

NOW 1 euro dollar buys 1.56 american as of 4 25 08 and 1 canadian dollar buys 98 to one buck even american.

This proves that Bushboy has directly caused Our currency to be devalued by at least 50%.

This is also why gold is 1k+ an ounce and oil is 100+ a barrel.

These are basic commodities and as our currency devalues, these commodities cost more.

This is exactly why gas costs 3 bucks more than in 2001. As I remember finding gas costing 92 cents a gallon in Oklahoma in late 2001.

Now what is the main reason that bushboy has let our currency devalue?

OK when Iraqnam started,gold was about 300 an ounce now its 1k+.

The reason for this is to keep china from forclosing on all our debt, that they own.

Those 1k fed notes were worth 3 oz of gold in 2003, now they are worth 1.2oz of gold.

This means that it would be financial suicide to call those notes.

THIS price for so called republican capitalism is why I am a democrat and have no troble being called a liberal.

Its also why I laugh at ignorant repub supporters that call me a comunist or a socialist.

They are too ignorant to realize their own party is ripping them off.

How to use a credit card to get your first 5k investment account

If you have not read my post on how to make 120 a year by paying your bills, Please do so.

Now all you have to do is follow that procedure. to get your 1k balance on your credit card.

YOU then get 4 more cards that have 2500 credit limits.

you use their usual 0% for a year,balance transfer offer, to pay off the card you put your bills on.

Since its a 2500 card, you can send 2300 safely to the bill card. NOW you have 2 months bills covered, as you have a 1k credit on your card.

So you now have 2300 on a 0% card for 1 year. this can be paid off at 200 a month
painlessly. or pay 100 a month and have 1200 that needs a transfer next year.

Meanwhile your cash that you would have payed those bills with is you your bank account.

After 4 months you have 4-5k in there. HEY there is your investment money.

You have 4-5k because you used a second credit card balance transfer to pay 2 more months of bills.

Now at the end of 1 year.YOU need to have gotten 1 more credit card,with a 0% offer.

If you payed 100 a month per card, you now have 1200 on each card at the end of 1 year.

You now have a 5th card with a 2500 credit limit so you transfer 300 to one card so you have a 1k credit. And you pay your bills with that credit.

Meanwhile you take your paycheck cash and pay off the other card.

NOW you have 2300 at 0% for another year.

You either pay it off 200 a month or you flip it 1 more time next year.

You just made your 5k investment money and it cost you nothing in interest.IT just cost you some due diligence and some of your time.

good luck

work at home scams

YOU may have heard of thes companies that state,assemble our products at home and submit them for payment on a per piece basis.

MOST of these offers are fraud. What these companies really want to do is sell you their materials kit, PERIOD.

When you buy the kit and assemble the product. YOU are supposed to mail the finished item to the company to get paid.

BUT THEY WILL NEVER PAY YOU.

Instead they will state that you did not assemble the item correctly.NO MATTER IF IT IS CORRECTLY ASSEMBLED OR NOT.

THEN when you get pissed off and want your money back, using their money back guarantee.

THEY will state you did not send back the complete materials kit and therefore are not entitled to a refund.

THIS obvious catch - 22 is because you used part of the kit to assemble their product.

IE you get ripped off.

OR worse you allow your credit card company to get ripped off, as the floor limit for challenged charges is 50 bucks.

IE they will refund to you a 29.95-39.95 kit fee and not follow up their demand for payment
from the merchant, when the merchant refuses to refund the fee voluntarily.

THIS IS HOW MOST ASSEMBLE PRODUCTS AT HOME FOR PAY SCAMS WORK.

THEY ARE A WASTE OF TIME AND YOUR MONEY.

THIS POST IS BASED ON MY DIRECT PERSONAL EXPERIENCE an research that you can easily find by a simple google search.

RIP-OFF Warning First premier bank of souix falls south dakota

You may have noticed that one of the adds on this site is for the top 10 credit cards for balance transfers.

most of these are good to fair. ONE CARD IS AN OUTRIGHT CROOK.

THAT CARD IS FIRST PREMIRE BANK, THEY CALL THEMSELVES A BAD CREDIT LENDER.

THATS BULL

THEY CHARGE OUT LANDISH SERVICE FEES ON THE FIRST BILL.

THIS IS THEIR WEB ADDRESS FOR THOSE FEES OR LOOK BELOW AS I PASTED THEM HERE

https://www.premiergoldcard.com/carddetails.php


They will hit you with a 48 buck annual fee,and a 29 buck account set up fee, and a 95 buck program fee, plus a 7 buck monthly service fee.

IN OTHER WORDS THEY WILL HIT YOU WITH 179 dollars in FEES,on your first statement,

for the card they issue you with a 250 credit limit. THIS TYPE OF PREDATORY CREDIT CARD PRACTICE IS UNBELIEVABLE,BUT THEY DO IT.

THEY ARE AN ABSOLUTE RIP-OFF.. THEY ARE NOTHING SHORT OF CRIMINALS.

AVOID THEM LIKE THE PLAGUE









Below are the account fees, rates, costs, limitations, available credit and other terms for the PREMIER Gold Credit Card offer.

Click here for a printer friendly version of these Fees, Rates, Costs & Limitations. Please print these disclosures and keep them with your records. If you are unable to print these, write to First PREMIER® Bank, C/O Correspondence, P.O. Box 5524, Sioux Falls, SD 57117-5524 and request a copy. By submitting this application you understand that your initial credit limit will be at least $250.00 and the following fees will be billed to your first statement: Annual Fee of $48, Account Set-Up Fee of $29, Program Fee of $95, Monthly Servicing Fee of $7, and an Additional Card Fee of $20 per card (if applicable). These fees will reduce your available credit until they are paid. You will be eligible for consideration of a credit limit increase in as little as 6 months. In addition, by submitting this application you certify that you have read, meet, understand, and agree to the account fees, rates, costs, limitations, available credit and other terms listed below.



Fees, rates, costs and limitations
Please print these disclosures and keep them with your records. If you are unable to print these, write to First PREMIER® Bank, C/O Correspondence, P.O. Box 5524, Sioux Falls, SD 57117-5524 and request a copy.
Annual Percentage Rate for Purchases 9.9%
+Other Annual Percentage Rates APR for Cash Advances 19.9% and Penalty APR 19.9% for Purchases.

-----See Penalty Explanation below-----
Fees for Issuance or Availability of Credit Account Set-up Fee: $29.00 (one-time fee)

====Program Fee: $95.00 (one-time fee)==== TOTAL RIP OFF

====Annual Fee: $48.00 ========================= RIP-OFF

====Monthly Servicing Fee: $84.00 Annually===RIP OFF

====Additional Card Fee: $20.00 Annually per card, (if applicable)===RIP OFF


Grace Period for Repayment of Balances for Purchases If you pay your previous balance in full on or before the due date shown on your previous statement you will have a grace period on purchases of 25 days (from the statement closing date to the payment due date), and can avoid finance charges on current purchases by paying the statement balance in full on or before the due date.
Method of Computing Balance for Purchases Average Daily Balance (Including new purchases)
Minimum Finance Charge $0.50
Transaction Fee for Cash Advances Greater of $5.00 or 3% of the amount of the cash advance
Fees for Paying Late or Exceeding the Credit Limit
Late Payment Fee: $29
Over Limit Fee: $29

Monthly Account Maintenance Fee $3 per month on closed accounts with an outstanding balance of $20 or more.
Fee for Transactions in Foreign Currencies 1.0% of the transaction amount

++The Monthly Servicing Fee of $84.00 will be billed at $7.00 per month.


Other Charges: Credit Limit Increase Fee: Each time your Account is eligible and approved for a credit limit increase, a $25.00 fee is imposed. Internet Access Fee: $3.95; Copying Fee: $3.00 per item. Wire transfer fee: $5.00 per transaction. For description of FINANCE CHARGES see below.

Additional Fees: Return Item Charge: $25.00; Autodraft Fee: We impose an $11.00 charge for each payment made through an autodraft service we provide. Autodraft payments requested through our automated systems (i.e. Voice Response or Internet) are assessed $7.00 per transaction. Express Delivery Fee: We impose a $25.00 fee for the express delivery of your Card(s) sent Priority 2-day airmail. This service is only available on lost, stolen or replacement cards.



1Penalty Pricing Information: If your Account goes past the due date two times in any six month period or goes past the due date for two consecutive billing cycles the APR for purchases will increase to 19.9%. The APR for purchases will be reduced back to 9.9% if the Account is kept current for 3 consecutive months or is paid in full.

NEED I SAY MORE

How to use leap call options for serious investing

Leap call options are simply call options that are good for 1 to 2 years.

A call or put option is a contract that controls 100 shares of a stock.

The call option is used when you believe a stock is going up.

The put option is used when you believe a stock is going down.

The purpose of a leap call is safety and profit.

My best profits have been made when I have not played more then 20 bucks out of the money.

That means if a stock is fifty dollars a share, a 70 dollar option is 20 bucks out

of the money. A 50 buck stock option would be considered an in the money play.

2 stocks that I play are stock symbol 'Ibm' and 'Cat'

Ibm is a fast moving stock that can be easily played 20 bucks out of the money.

Cat is a slower mover and you may want to only play 10 bucks out of the money.

If you play to far out of the money, you will lose time premium and even though the stock has moved up 5 bucks, you might only make 10 cents on the dollar.

Ie 50 cents for 5 buck move or 50 bucks profit per contract.

This example is perfectly shown by ibm and its jan 2010 140 leap call Wibah

at 101 about 10days ago I payed 500 per contract for this stock option.

now at 109 on 2/1/08 this option has a bid of 540 and an ask of 620.

THIS IS AN ACTUAL TRADE I DID THIS YEAR

ie I played 40 bucks out of the money and I made 90 bucks as the selling price or the bid price was 450 when the ask was 520 when i bought in

I had placed a limit buy order of 500 because My experience has shown I can shave 10-20 bucks off an ask price on a volitile day.

And thats exactly what happened.

Now I have made 10 cents on the dollar or 40-60 bucks a contract profit.

the option can be sold for 540 or maybe 560 and since i payed 500 a contract

thats 40-60 a contract profit 40 is a guarantee

So lets examine the results.

4 ibm leap contracts wibah.o cost 2000 and have made 4 times 40 or 160 profit.

thats over 8% return.

4 times 60 would be 240 or 12% profit

If I had bought 50 shares of the pure stock for a cost of over 5000 based on the 101 per share price

I would have only made 9 times 50 or 450 profit.

ie less then 10% in the same time period and 2.5 times more money at risk.

Now if i had spent the money for a 120 option my profit would have been 30 cents on the dollar or more, as the option would only be 11 bucks out of the money instead of 31 like mine is.

4 contracts would have probably cost 1200 each with ibm at 101 so 5000 would have been spent.

The profit would be 9 times 30 worse case or 270 per contract. 4 contracts times 270 is 1080 gross return on a 5k investment ie 20%

200 of this profit would usually cover the bid ask spread on either trade and therefore your net profit would be about 5% less.

If the option average was 40 cents on the dollar my return is 360 times 4 or 1440.

Thats almost 30% return, on a 5k investment

Thats much better then the 450 return if I had only bought 5k of pure ibm stock at 101 a share.

My only sugestions are,DONT GET GREEDY, play only leap call options, and go out as far as you can.

I have been playing jan 2010 expiration leaps since aug -sept of 2007.

I LIKE SAFETY

good luck

25% to 30% in a 401k is fairly easy to accomplish

Most 401k plans use mutual funds.

So you find the stock based funds that follow the dow industrial average like a puppy.

Get 5 years worth of graphs from your mutual fund manager.

1 graph for each year.

Then compare these graphs to the dow movement for the same 5 year period.

I have found the dow to be at a high from late july to mid aug and late dec to around 5 jan.

I have seen consistant drops between 20 sept to 10 oct and 10 jan to 30 jan.

Ibm is a bellweather stock of the dow 30 and a stock I use as an indicator.

its 31 jan 08. Today ibm hit a high of 107 and closed at 105 and change.

Ibm was 97 about 10 days ago. this drop and run up is caused by its specialist accumulating stock for the next ex dividend day.

That should occur around 8 feb 08, as the last ex div day was almost 3 months ago on the 7th or 8th of the month I believe.

The specialist is running up the stock price to shaft the dividend reinvestment people.

Look at feb 02 I believe or feb 01 when Ibm hit 120. It still aint got back there.

Back to 30% on mutual funds.

If your stock based fund was 10 bucks a unit around 3 jan and you converted it to money market mutual funds, on that day, at no commision because its a 401k.

Every 100 units turned into 1000 bucks in money market.

Now if that stock based fund dropped 25% like the dow did from 3 jan to 20 jan this year.

The fund was probably 7 bucks a unit in cost.

So you 1k now buys 140 units.

If you go back to money market at 8 bucks a unit you just made 12.5% return. 140 bucks profit.

If you only buy back in to the stock fund in oct at 7 again.

And you sell at 8 bucks a unit again.

You make another 12.5 return on almost 160 units ,as you had 1120 to buy with,plus the money market interest you accumulated.

If you push for 9 and get it thats 25% return.


12.5% from you jan sale plus 12.5% from your next jan sale is 25% min profit for that year

Push to 9 on the second sale and its 37%.

The 5 years of graphs will give a fair consistant average rise.

This is how you judge when to go back into money market funds.

Good luck

Covered calls vs Short against the box

I was asked whether you could buy a stock and short it at the same time.

This is my answer from All Experts.com,as it was a private question so my answer was not available to the public.


Your theory is called shorting against the box.

You are simply hedging your long position by selling against it.

The bad thing is that if you hold through a dividend period

You will have to pay the dividend on your short position.

The advantage of 1 account is money,if you plan to sell short,most bokerages require you have the cash to cover the entire price.

Now my prefered way is to do a covered call.

Using a leap call option thats simply a call option good for 2 years.
Recently I could have sold a covered call on some hpq.

If I had when the stock was 50,

I would have pulled out 50 cents on the dollar when the market crashed

If i had bought leap puts with the procedes from the sale of the covered calls.

I would have made 1.12 for each buck the stock dropped and had no worries about paying any dividends on my short/covered position,since its a stock option

It has been my experience that a leap put goes up amost 62 cents on the dollar,when a stock is falling.

While the leap call goes down 50cents on the dollar.

Since you sold the call as a covered position,you must buy it back to close the position.

So as the option devalues as the stock drops,you make a profit,
and the put goes up in value thus further increasing your profit.

So its your choice.

Short against the box or simply sell a covered call.

My preferance is the covered call.

My best reason to cover is this. Say you want to buy a 5k of stock and you only have 3500,you now have a 1500 margin call or loan if you choose to borrow.

If you cover the position, the procedes from the option sale will be applied against the margin balance.

I once bought 4k of stock for 3k and covered 5 bucks out of the money.

ie For a 20 buck stock 200 shares cost 4k.

I sold 2 calls that were 25 buck strike for 1k and spent 3 k of my money.

When the options expired 2 years later the stock was 35 a share and i was exercised.

I received 5k for my sale plus the 1k I had received for the leap calls I covered with.

So i made 6k total return on a 3k investment

ie I made 100% return in 2 years or 50% return a year.

Thats my kind of trade.

HOW TO MAKE 120 A YEAR BY SIMPLY PAYING YOUR BILLS

Most people pay bills by check or by online payment.

This requires them to keep a check record/bill record.

When you pay bills by check you usually enter the amount of the bill andthen subtract it from your bank balance,and enter the result.

NOW to make your 120 a year you simply have to do 3 extra things.

1.YOU must be willing to use a credit card,THat has a 1% cashback feature.

2 You must pay that credit card bill in full each month, with that payment arriving at the credit card company,at least 5 days prior to the due date.

3 In your check record you must do the extra work of putting a star next to the amouts you pay with your credit card.

The reason you use the star on that amount, is that its still in your bank account.

This is a bill you would normally pay in cash, so you simply are leaving the cash in the bank to gain bank interest.

When the credit card bill comes, it can be paid in full because you only paid bills you would pay cash for anyway and thats why you placed a star next to the amounts you paid with the credit card.

The star is how you can easily see what you have to pay the credit card bill with.

The star also indicates that this money IS NOT available to use for something else.

Now the fun part, the money. Your credit card pays 1% cashback on all charges,Bills or purchases do not make a difference.

MOST people pay at least 1000 in reoccuring bills every month.

1% of 1000 dollars is 10 dollars.

10 dollars times 12 months is 120 dollars CHRISTMAS MONEY.

AND ALL YOU DID WAS PAY THE BILLS YOU HAVE TO PAY ANYWAY.