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George Acs  

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  • The Law Of Gravity [View article]
    Like a lot of stocks I wouldn't mind some better entry prices. The recent decline in HFC, 6% MTD, may be a good entry point, but I'd welcome something lower, especially since I don't hold shares at the moment.

    In the past 5 1/2 months I've owned shares 5 times, with an average cost of $48.12 and average strike price of $47.50, but with nearly 17% ROI on a cumulative 151 day holding period. That's the kind of stock you can learn to get along with.
    May 11, 2014. 02:25 PM | Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    My opinion? Yes, you should keep flattering me.

    I wish that my mind was now as facile as it once was so that I could intuitively discern and apply various option strategies. Back when I would have been able to do so the costs would have been prohibitive.

    Like a lot of things in life, timing is key. My timing wasn't very good. Either I should have been born later or Charles Schwab much earlier.

    I do like your philosophy of testing your personal approach and using the results and experiences to help make you better at finding the opportunities. I spent about 5 years with spreadsheets before putting anything at risk. In hindsight, I would have done the same with regard to the testing but would have started placing something at risk and increasing the level as my confidence grew.
    May 11, 2014. 02:08 PM | 1 Like Like |Link to Comment
  • The Law Of Gravity [View article]
    I never cease to be amazed at how incredibly brilliant some people were hundreds and thousands of years ago, that they were able to make such monumental discoveries with the scantest of tools. More so, they often had to toil under grave threat.

    Copernicus was a great example, but he did so much more than focus on heliocentrism. he knew more about monetary systems than anyone of his era and it wasn't for another couple of hundred years before someone gained recognition for simply restating what Copernicus had said about "good money and bad money."

    Now, everyone wants a piece of Copernicus. Poland, Germany and Italy all claim him, but you and I know his rightful home.
    May 11, 2014. 10:53 AM | 1 Like Like |Link to Comment
  • The Law Of Gravity [View article]
    I think the logarithm spotted the use of "35%" which is a well known sign of the Devil, being septadecimal code for "666"."

    I think you're right about which companies to go after. Stocks come in three varieties. Those whose price is way above where they should be rationally valued, those below and those that actually reflect their good or bad operating fortunes.

    Human nature creates buyers in a few varieties as well. Those that want to get on the party train, those that look for a bargain and those that appreciate rational valuation
    May 11, 2014. 09:15 AM | Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    Thank you.

    I use cash secured puts, which means that if assigned at the strike price, I must have those funds readily available in the account either in the form of cash or margin.

    I don't rally know about the feasibility of the strategy you suggested. There are many option variant strategies that mix strike prices, expiration dates and even ratio of buy to sell to reflect bullish or bearish feelings about a specific stock. Often when you start mixing the various legs of any spread you create a price range in which there may be a satisfactory outcome. Ultimately, for me, it's too complicated and I like to keep things simple.
    The CBOE has a good summary of the various option strategies

    I don't really prefer the sale of puts over covered calls, The vast majority of my trades are covered calls. The exceptions tend to be earnings related or after large, unexpected drops that I don't believe will continue in that direction. In general, I do a buy/write for stocks that I want to own, especially if there is a dividend at hand and I sell puts in stocks I would prefer not to own, but just want to collect the premium. Occasionally, I'll follow the more traditional route and sell puts in a stock that I wouldn't mind owning at a lower price, but often you can do just as well by rolling the put over to a different date and simply continuing to collect additional premiums.
    May 11, 2014. 09:06 AM | 1 Like Like |Link to Comment
  • The Law Of Gravity [View article]
    Yes and no.

    I meant it as the hidden treasure that may come with the Beats name. In which case "cache" is appropriate.

    "Cachet" refers to superior status and I'm not certain that any of the Beats products are considered in that category, but that may be a matter of opinion.
    May 10, 2014. 11:59 PM | Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    Thank you.

    If there is no "down," it is still possible to stay within the Chandrasekhar limit, but that would mean the end of trading as prices could ultimately neither rise any further and instead would be the ultimate example of "range bound."
    May 10, 2014. 11:06 PM | 1 Like Like |Link to Comment
  • The Law Of Gravity [View article]
    Like so many stocks and so many things in life, you can't really take too much credit, nor too much blame for timing.

    It had been years since I actually did something about Best Buy besides just thinking about doing something. The last two months have worked well going in and out, but they could easily surprise on the downside with earnings or more surprisingly, to the upside.

    I hope to free up lots of cash, too this coming week or at least keep rolling over where possible, if assignments are forthcoming.
    May 10, 2014. 09:19 PM | Likes Like |Link to Comment
  • The Law Of Gravity [View article]

    I wasn't too surprised by Coach's earnings fall, but I was surprised by how it continued even after the large initial drop. The stories compring it to Kors keep going on and on which likely means that Kors will someday feel the same wrath as Coach.

    Apple? Who knows, but they are doing the sort of things that Apple used to scoff at, but we all age sooner all later
    May 10, 2014. 09:15 PM | Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    Thanks, but I live to have the drivel read first and rarely have the patience to include anything that might be of interest.
    May 10, 2014. 03:34 PM | 4 Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    By the same token when we middle aged, or even on the other side of 60 start adopting a product, whether it is Facebook or Apple, that may be the kiss of death.

    With most things in life there is a tipping point at which the "must have" phase gives way to ennui and the desire to not be one of the crowd.

    Over the course of our lifetimes how many products or companies can be expected to maintain consumer frenzy that extends into another generation's lifetime? While the fall from grace is not as inviolate of a law as that of gravity, Apple will likely face the same fate that befalls those that have glamour as part of their package.
    May 10, 2014. 03:31 PM | 1 Like Like |Link to Comment
  • The Law Of Gravity [View article]
    Cash can be comforting for certain
    May 10, 2014. 03:24 PM | Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    I picked up some STX on Friday for its ex-dividend date on Monday. Those can be very good kind of trades where you are almost assured of collecting dividend and premium even if shares move significantly above strike, as STX did late in the session on Friday.

    As far as the approach to a deep out of the money position, like Coach, it depends.

    If volatility is high and premiums go along with it, I may sell a call contract that is below my entry point, using a weekly contract just to collect whatever I can. Preferably, that's done following a strong move higher. However, doing so may require a greater amount of position maintenance in the event that the shares move above that strike level. In such cases you may end up rolling the position over, taking a net loss on the initial trade but a net gain when the new sales premium is added in.

    I don't generally like to go to a monthly contract when a weekly is available, but some premium is better than none and I'm more inclined to do so when there's a dividend in waiting, as Coach will have in early June.

    Otherwise, I wait.
    May 10, 2014. 03:24 PM | Likes Like |Link to Comment
  • The Law Of Gravity [View article]
    I'm still on the fence about the sun/earth relationship. I'll let Copernicus keep taking the heat on that one.
    May 10, 2014. 03:15 PM | 2 Likes Like |Link to Comment
  • Twitter Fatigue [View article]
    I think that fictional developer with inside priced shares would have done well to secure some profits by selling a portion of his holdings. Depending on his confidence that the company was actually developing products and monetization streams he would hold shares back for expected appreciation.
    May 6, 2014. 11:35 AM | Likes Like |Link to Comment