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.
Wednesday, September 24, 2008
John mccain the big lie
Wednesday, September 17, 2008
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.
Saturday, September 6, 2008
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