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George Acs  

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  • A Market Only Dickens Could Understand [View article]
    Never discount luck, good or bad. It makes as much sense as all of the various analyses combined.
    Jul 30, 2015. 09:37 AM | 1 Like Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    Thanks.

    I had sold the $49 7/31 calls on TXN, but with yesterday's pop higher, I decided that rather than accept the likelihood of early assignment, I would roll it over to 8/14.

    I was hoping, a little bit, at least, that the new contract would be assigned early, but that wasn't the case.

    That comment about DOW staying up 2 days in a row is a great observation and it applies to almost everything that's not part of a buyout/takeover story lately. Individual stocks have been having an incredibly hard time stringing together gains and have been taking longer and longer to recover from large drops, especially when you look at where the indexes are. Their levels are very deceiving
    Jul 29, 2015. 08:02 AM | Likes Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    I decided to rollover that TXN this afternoon, not wanting to lose the dividend without something extra in return. With today's surge that leaves about $1.30 of leeway over the next 2 weeks in the event of price weakness.

    The best outcome would be if the new 8/14 $49 strikes were assigned early in order to capture the dividend. The early rollover premium would then amount to the equivalent of about 85% of the dividend and then getting the cash back to add to reserves or re-plow.
    Jul 28, 2015. 02:52 PM | Likes Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    I've definitely been trading much less these past few weeks.

    Facebook will be interesting. So much anticipation about in breaking 100. Some good numbers tomorrow could finally do it and more.
    Jul 28, 2015. 01:15 PM | 1 Like Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    There are so many over-sold sectors that you have to think that there will be some kind of rotation happening soon.

    The big issue may be that with margin accounts really over-extended and at all time highs, what will happen if there continues to be some downward pressure? Will that result in tipping holders into becoming forced sellers? That would put lots of pressure on S&P support levels at about 2045 and the next stop is about 2000
    Jul 28, 2015. 10:40 AM | Likes Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    Isn't it so nice when it works like that?

    If we ever see a return of volatility it can get even better. Right now, there's virtually no reason to consider rolling over a position that's going to get assigned, other than if you want to try and get an upcoming dividend or play earnings. But when volatility is higher there's often good reason to roll over rather than take assignment, as the forward week premiums reflect more uncertainty that the expiring ones. Right now, it's just the opposite.
    Jul 28, 2015. 09:54 AM | Likes Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    I've been having cobwebs grow underneath and around me over the past month and can't really recall a time since weekly options were introduced, that I've seen so little activity across my screen.

    If F gives up some of this morning's post-earnings gains and gets within a few cents of 14.65 in either direction, there may be a reason to make the weekly $14.50 buy/write trade.

    I envy your cash position, though.
    Jul 28, 2015. 09:52 AM | Likes Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    After receiving a yellow card for a pun a couple of weeks ago, you are back with a vengeance

    I once looked up the meaning of "dickens," thinking that somehow it was related to Charles Dickens, but it turned out to be somehow related to William Shakespeare. I just can't recall the connection, but there's no shortage of characters from him, either.

    I'm sure that your grandma was referring to the good characters.
    Jul 27, 2015. 09:24 PM | 1 Like Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    Some human characteristics are definitely timeless in their quality. We will forever find ourselves in situations when the fever erases the ability to be rational and others will be right there to fuel the flames.
    Jul 27, 2015. 09:16 PM | Likes Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    Sure, that could work, although I would probably prefer not to be assigned and then to re-assess again on the merits of ownership just prior to the ex-dividend date.
    Jul 27, 2015. 09:12 PM | Likes Like |Link to Comment
  • A Market Only Dickens Could Understand [View article]
    I'm not certain that the Federal Reserve can take credit, nor blame for the periodic bubbles seen, especially in technology. There are enough instances over the past 30 years where the Federal Reserve has not had a hand and technology soared and then dived.

    Equating commodity prices with the health of stock markets is a pretty tenuous thing to do. The demand for those different asset classes are not at all similar, nor is their supply, in general.

    While the Federal Reserve can't buy commodities, the governments can and do. You may as well make the case that commodity prices are depressed simply because the Chinese government's push to expand its economy and infrastructure was well out in front of the demand for economic growth
    Jul 27, 2015. 09:29 AM | 4 Likes Like |Link to Comment
  • Time Is Illusory. Events May Be, Too [View article]
    It is definitely hot down here, but evenings have been fairly nice of late.

    As far as the politics go, most of it is just background hum, except when there's a government shutdown. Then, everyone has an opinion and it's often with a personal twist.

    At the very least when August rolls around the city usually empties of lots of its hot air sources.
    Jul 24, 2015. 02:48 PM | Likes Like |Link to Comment
  • Time Is Illusory. Events May Be, Too [View article]
    When you say "This is never done right before earnings." did you mean it's never done correctly, or that it's just never done?

    I'm always amazed at how many analyst ratings appear the day or two before earnings are released. I think it's fairly common, but will agree that you really do have to question the motivation of the analyst when the timing may be suspect.
    Jul 21, 2015. 12:56 PM | Likes Like |Link to Comment
  • Time Is Illusory. Events May Be, Too [View article]
    At any moment in time there's no shortage of extreme opinions at either end of the spectrum to choose from among to either confirm or refute one's own opinions to whatever degree they like.

    For one, I wouldn't mind seeing some significant profit taking, but with that I'd like to see a weaker USD and some stability in energy and commodity prices.

    Too many moving parts, though, to hope for their lining up at the moment.
    Jul 20, 2015. 03:20 PM | Likes Like |Link to Comment
  • Time Is Illusory. Events May Be, Too [View article]
    I learned from my wife that you have to crow every now and then.

    Her comments were always in regard to our kids. Her belief was that people would be very quick to blame you for anything that your kids did or didn't do, so you may as well take credit for the good things, whether or not that credit should be extended in your direction.

    I think that applies to most everything.

    The feeling that semis are becoming a commodity has been long in the making, but then again, that was the feeling about companies like SNDK and STX, as well. Somehow, the right management and the right minds can figure out where there may yet be a pot of gold, although that commodity isn't faring too well, of late.
    Jul 20, 2015. 01:02 PM | Likes Like |Link to Comment
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