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George Acs

 
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  • No More News, Please [View article]
    I can't disagree with @gelstretch, but I just like the way "Diageo" sounds. So many syllables, such few letters.
    Aug 3 06:02 PM | Likes Like |Link to Comment
  • No More News, Please [View article]
    Thanks.

    You are absolutely right. There are lots of constructive comments, observations and suggestions, including sidebar dialogues, that add a very interesting dimension to any topic.

    People have so much to offer in their ideas, but especially in their ideas that are borne out of experiences. Imagine all of those things in life that would have been so much better if you didn't have to consistently re-invent the wheel because there was someone there who happened to have traveled a similar, if not identical path earlier and takes no glee in watching people battle the same obstacles.
    Aug 3 06:00 PM | Likes Like |Link to Comment
  • No More News, Please [View article]
    Exactly, as we realize that what we know has become a smaller and smaller subset of what can be known, we should become despondent in our inability to keep up pace as we descend into a relative state of increasing feebleness in our mental acuities.
    I don't think that options, as a class, change other than in a course parallel to any changes that may impact equities, as a class. Their intimate relationship, perhaps good reason for calling an option a "derivative" would make me believe that those factors that might alter the nature and experience of trading in stocks would have essentially equal impact upon those vehicles that draw their derivation from the parent and never really evolve otherwise in an independent course.
    Aug 3 05:55 PM | Likes Like |Link to Comment
  • No More News, Please [View article]
    Remember that if you are doing it in a serial fashion you are either taking the money as income, reinvesting or seeing your cost basis reduced.

    In a down market that always puts you ahead of the next person with the same portfolio.

    My ideal market is one that is either flat or moving downward, particularly if I've accumulated some cash. It is also a time that I might be more inclined to take strategic tax losses. The reason for that is that in a market that's moving higher the proceeds for a tax loss related sale may end up going into a new position that is at a level destined to go lower. That may not be quite as likely in a depressed market.

    As markets go down the premiums generally move higher. If referring to the DOH strategy to help "dig out of a hole" that is easier as premiums increase. That strategy is really only effective when there is some volatility reflected in premiums.

    Additionally, as those premiums increase you may find yourself selling more out of the money calls, which currently have had very, very low premiums, unless earnings (or same store sales data) was upcoming.

    With volatility you n now only get decent premiums, but also capital gains on shares if using those OTM strikes.
    Aug 3 02:48 PM | Likes Like |Link to Comment
  • No More News, Please [View article]
    Great advice, especially since an optimist could stay on top and the pessimist could hide below and anyone undecided could just stuff it.
    Aug 3 02:38 PM | 1 Like Like |Link to Comment
  • No More News, Please [View article]
    Thanks, but we all know what fire hydrants are really for, but when I try to emulate my dog, no one thinks it's cute or cut me some slack for following my instincts.

    2016? Who has that kind of life expectancy?

    No doubt, it is pretty amazing when you consider the numbers. I'm still in awe of the power and reach of the internet, especially as the hardware has become pocket sized. I was even in awe of the early day gophers before the web made it all explode, but now it's really all mind boggling.

    But whatever the reader and viewer numbers, I'm certain Seeking Alpha would trade off some of theirs to match CNBC's revenues.
    Aug 3 02:36 PM | Likes Like |Link to Comment
  • No More News, Please [View article]
    Thanks.

    The week wasn't as bad as it could have been, but it is humbling if you counted your chickens on Wednesday. As mentioned in one of the Daily Market Updates, imagine how different the week would have been if Thursday and Friday's sell offs had happened on Monday and Tuesday. That could have been a great week, instead.

    I'm actually on Zillow now and trying to see if I can see myself waving out of the window. So far it doesn't seem to work.
    Aug 3 02:28 PM | Likes Like |Link to Comment
  • No More News, Please [View article]
    If your mind is an open one it's definitely true that the more you learn the more you realize how little you know and how much more there is to learn.

    Of course, that logic would mean that learning more would lead to even more to learn, which paradoxically sends you deeper into ignorance, so better to start off ignorant and resist attempts to change the situation.
    Aug 3 02:24 PM | 1 Like Like |Link to Comment
  • No More News, Please [View article]
    Thanks.

    Yes, it was a tough week unless you had a rabbit to pull out of a hat. In this case it was uncovered shares in Family Dollar Stores, that I felt badly about not being able to rollover on the previous Friday.

    You just never know, although we all know porn when we see it.

    The same may hold true for next week. While it makes perfect sense to expect more volatility some are going to see relative bargains. Over the past two years that's been the consistent pattern, although it was beat back a little bit in the final hour of Friday's trading.

    But, you're absolutely right. It can be profitable trading if the cash is available and a little confidence can push aside the jittery feeling.
    Aug 3 11:12 AM | Likes Like |Link to Comment
  • No More News, Please [View article]
    Thanks.

    Those pesky happenings around the world have a habit of catching us by surprise sometimes. Lately, we had been ignoring them for the most part, but they definitely reminded us not to ignore them this past week.
    Aug 3 08:22 AM | 2 Likes Like |Link to Comment
  • No More News, Please [View article]
    No doubt that there are very many different paths that can be explored using options.

    The low VIX has been more of an issue when considering forward week options, as those premiums have been very low. Additionally, there has been much less of an "extra" premium when dealing with ITM options.

    I think you're absolutely right that a VIX of less than 20 represents a very, very stable market and that I believe also reflects a continued propensity for upward movement.
    Aug 3 08:14 AM | 1 Like Like |Link to Comment
  • No More News, Please [View article]
    Thank you.

    Maybe it was all of that shuttle diplomacy you were doing. Hopefully you can catch up on your sleep this week, but we may be due for a major asteroid strike or two.
    Aug 2 07:02 PM | Likes Like |Link to Comment
  • No More News, Please [View article]
    I was noisy this week, that's for sure. Most of the time you can tune it all out, but it was hard to ignore it this week
    Aug 2 07:00 PM | 1 Like Like |Link to Comment
  • No More News, Please [View article]
    I agree with you that BAC really looks appealing after the past few days. I haven't owned shares since April 2013. WHile it may have gone against you this week, it's only on paper. As long as you can keep writing those calls it will serve as an annuity, only at a much higher rate of return.

    I don't often split positions into two different expirations, but should think of doing so more often, especially if volatility will create some of those forward week opportunities.

    I've been waiting for a chance to get back in with GE, it was one of the stocks mentioned for the 7/21-25 week, but I didn't make the trade. While I opened 6 new positions this past week, for each of the previous 3 weeks or so, I opened only an average of 3 new positions, so most went unrequited.

    I also like Ford, but haven't owned it in more than 2 years. I do own GM now for the third time in the past 4 months.

    Annaly is one that I used to trade with great frequency, but not for option premiums. I used to go in and out looking for a threshold profit with each exit. I've only owned it once in the past year, sold options and had it assigned when it was basically at its low point of the past 7 months, so I've missed lots of opportunity there.

    Thanks for those ideas.
    Aug 2 02:03 PM | 1 Like Like |Link to Comment
  • The Crossroads Are Clear, But The Path Is Not [View article]
    Thanks, but I don't read anyone else either, so the comparisons are easy.

    Otherwise, just fall back on the proven old strategy of hanging out with ugly and fat people and you may stand a chance of looking good in comparison.

    Hope that's not taken in or out of context.
    Jul 31 06:09 PM | 1 Like Like |Link to Comment
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