Philip Davis

Options Trader: Thursday Outlook

Tradeflow - Greg will be in touch with your shortly.

Options Trader: Thursday Outlook

I'm sorry that you had trouble. If you like that kind of trading I'd be happy to give you a pass for our new Swing Trading portfolio, run by Optrader, I think it might be more what you were looking for as they are mainly momentum trades with a constantly updated live spreadsheet with all the entries and exits laid out.

Let me know if you'd like to take a look.

- Phil

Options Trader: Thursday Outlook

No I'm not happy, are you? The market sure isn't and oil going up was our signal to go negative and cover longs yesterday. Am I not allowed to have a market premise on which we take action now?

Tradeflow, I see you were a member from 11/30/07 - 12/29/07 on my site and from 9/7-12/7 on Wangs. I can't speak for Andy but obviously Dec was a rough month with the Dow dropping 500 points but I'm very curious as to what it was that you lost $30,000 on in one month.

Options Trader: Thursday Outlook

Al - discussed in previous post. What exactly is your problem?

Trade flow - what was your member name?

Financials and Retail: Not as Dire as They Seem

Wow, what a great discussion on this post!

So yes, that's a very good point about looking at the dillutive number of shares relative to earnings after the acquisitions, I will do that next time I revisit the banks.

I don't think WM is particualraly good but I do think that, like Chrysler and GM, they simply won't be allowed to fail. Also, even if the banks do repossess 20% of all the homes they lent money on and even if they only get 60% of the value they wrote a mortgage for, it will still be more money than what they've written off already. $400Bn in write downs is $200,0000 on 2M homes worth of value written off, that's some pretty steep discounts!

So yes, I think it's bad but, as hopeandfear says, not THAT bad. Who are losing their jobs? Construction workers and finanical workers - isn't that to be expected in a housing slump? I must say today's actions make things seem very dire, it's like people just can't get out of the markets fast enough...

Financials and Retail: Not as Dire as They Seem

Not sure you read that right, we're buying the financials! Picked up WM July $12.50s today because they were so cheap and C as well.