who says you cant make 15% in the stock market every 3 months

This is a follow up post to my selling short post on RGR strum ruger and verifies how I play it. Since my short sell post I have since sold the 1000 share position that I bought at 6.85 for 6.92 Ie 80 bucks profit added to the 300 I made when I short sold that same position at 6.78 and closed the short at 6.42. I then bought another 1000 shares at 6.32 and sold at 6.73 3 weeks ago.

This means I have made 380 plus 400 or 780 net profit since jan 1 2009 on using the same 6k seed money investment. Ie 13% net return so far.

I have also recently bought some hewlett packard,symbol hpq, leap calls when the stock hit 26 a share. I know this stock only trades between 25-33 so I bought the jan 2011 expiration 30 dollar leap call symbol Vhpaf.o I am currently up 100 a contract with the stock at 29 a share.

I hope to sell on monday as I am looking for 31 a share on hpq. I look for the option to be at or around 800 a contract when I sell.

Its 3/14/09,I will update the final result.

Ashby Equity of Ashby , MN. victimized me did they do it to you

If you were a client of Ashby equity propane gas company of Ashby ,Mn., you were probably force filled last summer 2008 between july and august and you are not alone. I was too.

Unfortunately I am a 48 state trucker so I got home in sept to an overdue bill for a 363 gallon fill I know I DID NOT AUTHORIZE. When I called them I was not only assured they had permission, I was also told that they would offer a winter contract that would be 2.25 a gallon max and drop if the price dropped. My wife was unavailable for me to confirm the Ok to fill so I not only paid for the fuel I bought a contract for 800 gallons.

In Nov when I got back home from my next 6 week run on the road,I found out from my wife that she had not authorized the fill of our tank. She stated what I knew, which is the fact we only use propane in winter for heat.SO WHY BUY IN JULY?

When I called Mr Johnson the owner and requested a refund he refused.I then asked him about the winter contract and he stated it was 2.25 a gal,NO MATTER WHAT THE CURRENT RACK PRICE WAS. It was 1.70 a gal at that time.

I told him I was gonna sue him. And he told me he was gonna pull his tank.

I said fine. and had Ferrill gas remove his tank and put theirs on around 21 nov.

Around 24 nov ashby came out and got their tank BUT NEVER GAVE US A RECEIPT.

They have held my refund for 55% of fuel since 24 November.

Mr Johnson the owner said since I was gonna sue him for the bad faith winter fill contract that I could also sue him for the 55% of fuel.

He has held my refund now for over 4 months.

IT IS MY OPINION THAT ASHBY EQUITY DID THIS ACTION TO ME AND OTHER CLIENTS BECAUSE THEY KNEW THEY COULD HIDE BEHIND THEIR FINE PRINT OF KEEP FILL AND THAT CLIENTS WOULD NOT BE WILLING TO PAY FOR TANK REMOVAL AND THE DISCOUNTED REFUND OF LEFTOVER FUEL.

IN THIS MANNER THEY COULD GET RID OF HIGH PRICE FUEL THEY MISTAKENLY BOUGHT IN THE EARLY SUMMER WHEN PRICES WERE VERY HIGH.

They also knew any new company would charge a tank set fee of 200 dollars.

All these expenses would keep the clients at bay and make them kowtow to this unfair and predatory business tactic.

If you are a victim and would like to contact me. You may do so at Tbaarr@yahoo.com.

selling short

There are a lot of so called experienced brokers who say selling short or short against the box is a waste of time.

I beg to differ.

If you have tracked a stock for a long time and have a good sence of its trading pattern, selling short can save you a loss.

Recently I bought stock symbol RGR as its a bread and butter stock I own.

I bought at 6.85 and realized that the stock had hit a resistance at 6.90.

Within 10 minutes it was selling for 6.78. so I short sold rather then straight selling and taking a loss.

I did this as my experience with this stock told me that I was looking at a minimum 50-70 cent pullback from the high at 6.90.

3 days later I bought another 1000 shares at 6.42 and directed my broker to make it a verse my short sale at 6.78.

I now have a 360 gross profit and 2 days later the stock has already gone back up to 6.60.

If I had taken the loss by straight selling, the wash rules would have stopped me from rebuying the stock for 30 days.

if I did buy it then the wash rules state I no longer can claim the loss between 6.85 buy and 6.78 sale.

But by short selling i was able to make a profit and still hold my original position.

Now all I have to do is wait for RGR to go up to a point I can sell my original 1000 shares at profit.

Finally if rgr had turned up before it went down I could have simply released my original 1000 shares to cover the short and taken my 100 buck loss.

Ie I had very little risk.

hope this hells you

Good luck

bumping credit card limits without paying interest

I recently was asked how I would raise the limit on a low limit credit card

Here is the question and my answer

Question: I recently recieved a credit card. The limit is not so high but I really plan on using it in case I have to. Can I keep on putting money into above the credit limit. Or will they eat my money up in interest? Is this wise or foolish? Thank you.

Answer: Not sure what you are asking,so I will give you an example of how I bump up my credit limits.

I pay my bills with a low limit card

example if its a 500 buck limit

I charge my cell phone and my fuel

I also see if they have a 1% cashback program

this way I get paid 5 bucks a month for the 500 in bills I charge ..

At months end,I simply take the 500 cash thats earmarked for those

bills and sitting in my bank earning interest.

And I pay the 500 limit card off in full.

I then keep up this procedure for 6 months.

after 6 months I ask for a credit line increase.

If I get it I simply charge more bills and pay them off at months end.

The vig here is that the credit card company is making money in merchant fees on each bill charged on their card.

They also are not losing money on you because they get their balance due paid in full early.

This is because you have the cash in the bank the day the bill comes.

So you can pay the bill in full EVERY MONTH.

I usually turn a 500 limit card into a 2500 limit card in 1 year.

I NEVER PAY A DIME IN INTEREST EITHER. YET MY CREDIT SCORE GOES UP.

If a credit card refuses to raise my limit after a year, I get another card.

And I let the first card sit unused for 3 months.

I then give them 1 more chance to raise my credit limit.


If they refuse they get their account cancelled and card cut up.

hope this helps

AL FRANKIN AND THE REPUBLICAN liars and attackers

Hey look Al Frankin won because all the Absentee voters like myself got their votes counted.

Now Normyboy says foul and files a lawsuit,typical repunk that he is.

FURTHER more is the loser repunk radio liars like RUSH dope fiend limpbrain and Oreilly boy are now Inferring that Al stole the election.

GUESS THEY remember how they stole the election in 2000 and think every close race is a theft of office.

At least The Democratic party did not outright Disenfrancise voters,

like the Repunks in Florida did. We ALL REMEMBER KATHY HARRIS very well

FACE IT REPUNKS

YOUR BOY NORM SUPPORTED BUSHPUNKS POLICIES AND IT GOT HIS BUTT BOOTED.

I BET RIGHT NOW THE REPUNKS ARE TRYING TO FIGURE OUT HOW TO BLAME THIS RECESSION ON THE DEMOCRATS.

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