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George Acs

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  • No More News, Please [View article]
    Thanks, but "putting up" is hardly the case.

    The feedback, public and private is always good to get, especially during periods of market weakness. In dental school our class size was only 17 so we used to have regular meetings with our Dean. He always told us to start off every meeting by telling him what was good. That way he was more likely to listen to the critiques

    The interesting thing about "fine tuning" is that is what is most likely to be in need of change as the markets change in character or even simply stutter step. Keeping fairly strict adherence to the foundation of whatever kind of approach anyone uses is probably the first key to success. Too much wavering and laxity in rigor is what I think can make the difference between acceptable and unacceptable outcomes for any reasonable strategy.
    Aug 3, 2014. 06:42 PM | Likes Like |Link to Comment
  • 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, 2014. 06:02 PM | Likes Like |Link to Comment
  • No More News, Please [View article]

    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, 2014. 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, 2014. 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, 2014. 02:48 PM | Likes 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, 2014. 02:36 PM | Likes Like |Link to Comment
  • No More News, Please [View article]

    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, 2014. 02:28 PM | Likes Like |Link to Comment
  • No More News, Please [View article]

    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, 2014. 11:12 AM | Likes 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, 2014. 07:02 PM | Likes Like |Link to Comment
  • More And More Earnings [View article]
    At the moment it seems TMUS is really in play. The only stumbling block would be John Legere himself, who sees himself as the natural leader of any combined company, even though he is the one in need of capital.

    It has been trading very comfortably at $32, so I might expect that to be a floor. If Sprint makes some noise in response to today's news, I would expect some move higher. So I'm not so certain I would cover this position unless there are some really, really attractive premiums reflecting increased expectation for a fight.
    Jul 31, 2014. 06:06 PM | Likes Like |Link to Comment
  • More And More Earnings [View article]
    True, it really wasn't too bad. At least not as bad as the broad market and some things are looking better and better, especially if BMY, EBAY, GPS and KSS get assigned.

    I purchased YUM in the after hours yesterday and sold some 8/8 $69 calls.

    If it stays below $70 tomorrow it may get back on the list after a long absence. Unless the Chinese government comes down with some draconian measure against YUM, then people will gravitate back into their stores quickly because of how quickly and upfront their response had been
    Jul 31, 2014. 06:03 PM | Likes Like |Link to Comment
  • The Crossroads Are Clear, But The Path Is Not [View article]
    That may explain the sleepiness.

    Remember this SCTV sketch?
    Jul 30, 2014. 11:23 AM | Likes Like |Link to Comment
  • The Crossroads Are Clear, But The Path Is Not [View article]
    Thanks, but if it was only that easy. The hard part is making the decision to act and when (before or after earnings) and then making the additional decisions necessary in the event of an adverse move.

    Simplicity is key in so many things in life. I heard a venture capitalist the other day talk about comparing business plans of various start-ups. He immediately threw out those with complexity in their models. So many things can go wrong and each step needs its own exit strategy of "Plan B."

    On a related note, then if that's not you doing the serenading, who is it?
    Jul 30, 2014. 08:31 AM | Likes Like |Link to Comment
  • More And More Earnings [View article]
    Good decision. Like almost always the opportunity will come again.

    I still had shares that were put to me at $43.5 having originally sold $47 puts back in March 2014 and then assigned at $43.5 in May 2014. I'd been selling additional puts and calls in the meantime and now will likely finally lose my shares at $45, but it was a profitable, albeit very high maintenance ride
    Jul 29, 2014. 07:20 PM | Likes Like |Link to Comment
  • More And More Earnings [View article]
    I get a headache when trying to read Hungarian. The word formation ends up in so many incredibly long words and with so many syllables that it takes me forever to get through anything. It's hard enough to speak the language after years of not using it, but reading it is pure torture for me.
    Jul 29, 2014. 07:13 PM | Likes Like |Link to Comment