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Options2Wealth
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I used to run a limited partnership, boutique hedge fund in the 90s. Retired in 2000 and moved from New York City to Toronto, Canada, got married, raised a family and basically settled down. After a few years in Toronto, my wife got tired of the city’s 8 months of cold weather and insisted that... More
My company:
DonorNation.org
  • Give And Take 26 comments
    Jan 15, 2014 11:53 AM

    A few months ago, I had the very good fortune to watch a Charlie Rose interview of Adam Grant, the author of the book Give and Take...Charlie introduced him as "the youngest tenured, and highest rated, professor in Wharton School of Business' history." Below is a link to the Charlie Rose show where Adam Grant talks about his book…(his interview is the last segment on this particular show)

    http://www.charlierose.com/watch/60214085

    May I request that everyone who follows my blog take 15 minutes out of your day and watch this interview...

    After watching the show, I immediately ordered the book and I have to tell you, it was an eye opener...this data driven, heavily researched book proves without a shadow of a doubt that to be successful in life, one needs to be a 'giver."

    (click to enlarge)

    After giving you all a few days to watch this show, and possibly even read the book, I will come back to share with you my plans, going forward, for this blog...

    :-)

    kp

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Comments (26)
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  • minorpath
    , contributor
    Comments (7) | Send Message
     
    Hi kp
    Great recommendation. Ordered the book right away. Im still working my way through Dorsey's Pnf charting book.
    15 Jan, 04:05 PM Reply Like
  • kccase3
    , contributor
    Comments (35) | Send Message
     
    This is an awesome book KP! It truly is an eye opening read that makes you think hard about what is important in life and what our definition of "success" truly means. Also, thanks for pointing out the Charlie Rose segment, good stuff.
    15 Jan, 05:10 PM Reply Like
  • 11828801
    , contributor
    Comments (25) | Send Message
     
    Hi KP,

     

    Thanks for the recommendation.
    1st min: Read the article.
    2nd min: Opened Amazon
    4th min: Ordered the book.

     

    Thanks,
    Karthik
    15 Jan, 05:39 PM Reply Like
  • Dan Clements
    , contributor
    Comments (2) | Send Message
     
    Hey Karim,

     

    Downloaded the book last night after reading your post. So far it's great! A lot more scientific and interesting than I first thought. That's what I get for judging a book by the cover...:)

     

    Thanks for the recommendation!
    16 Jan, 03:52 PM Reply Like
  • Andy Zelenak
    , contributor
    Comments (293) | Send Message
     
    Pretty interesting.
    16 Jan, 09:23 PM Reply Like
  • darween
    , contributor
    Comments (20) | Send Message
     
    Downloaded the audio book :)
    16 Jan, 09:49 PM Reply Like
  • mkarakum
    , contributor
    Comments (49) | Send Message
     
    Karim--

     

    Thank you sooo much!!! Everyone here appreciates it!
    16 Jan, 09:52 PM Reply Like
  • gamena71
    , contributor
    Comments (4) | Send Message
     
    Dear Karim,
    Thank you very much for all your expert advice and support!
    I'm looking forward to reading about your next big plan and hope
    To contribute as much as I can to anything you want to develop in the near future following your philosophy... ALWAYS a GIVER and NOT a TAKER.
    Kindest Regards
    Gabe
    22 Jan, 07:59 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » Hello Gabe, Thank you for the kind words...sorry for the tardy response, but as you know, running DonorNation is not a walk in the park and I do tend to get distracted...LOL! Hope all is well with you and your beautiful family in Houston...

     

    For my blog's regular readers: You all may recall that in my November 11th, 2013 post titled "My Current Focus," I shared an anecdote where my dear friend Gabe threw me a "Hail Mary Pass" and when I caught it, it turned out to be GALE...For all those who profited from GALE, now you know who was responsible for that terrific pass...

     

    :-)

     

    Best~
    karim
    30 Jan, 08:58 AM Reply Like
  • invest.beginner
    , contributor
    Comments (85) | Send Message
     
    Hi KP,

     

    After AAPL's earnings, hope you are still bullish on apple.
    What do you think about general market sell off? Is this going to be major correction ~10% or more?
    27 Jan, 05:14 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » Hello IB,
    In my January 12th "Happy New Year" post, I highlighted a number of stocks, especially ATHX, PSDV, GTAT and a few others, however, if you recall, I ignored Apple from that list...That was on purpose because a few days earlier AAPL, on its PnF chart, broke support when it printed $535...that was my signal to stay away from Apple...Even though AAPL was in my "long" list, but as I have mentioned here before a number of times, I keep a very small position in a number of stocks as a way to force myself to closely monitor their price movements...So Apple's recent slide did not affect me...However, longterm, I am still bullish on the company, but short term, I am out...Here is a big tip: GTAT is my proxy on Apple...LOL! Best, kp
    29 Jan, 12:53 PM Reply Like
  • invest.beginner
    , contributor
    Comments (85) | Send Message
     
    Thanks KP, I made a mistake but still holding APR 550C. Do you think I should wait for the stock to recover to say $530 or just cut losses right now & move forward? Half of my portfolio just got wiped out & I'm worried what if next week the sell off continues. Thanks for your inputs. Expect a quick response from you.
    29 Jan, 02:32 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » IB, Please appreciate the fact that I should not be advising folks that I only know through this board...However, I am surprised that you had a very large percentage of your portfolio in Apple options...that is not good...So against my better judgement, I suggest that you wait for the markets to stabilize as you still have a lot of time left on your April options...And I would like to reiterate that you should closely monitor your positions' PnF charts and do take your cues from the signals that they generate...good luck...kp
    29 Jan, 03:01 PM Reply Like
  • mkarakum
    , contributor
    Comments (49) | Send Message
     
    Hi KP--

     

    Whats your take on the forming of a bull trap on TAN? Also, do you think SPWR will be able to break thru 35 going into ER?
    Would also appreciate your feedback about the short term solar industry.
    Thank you
    29 Jan, 04:28 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » Hello MK,
    Since you have been following my blog almost from the beginning, you may have noticed that I have never once used the terms "Bull Trap" or "Bear Trap" when doing technical analysis of charts... I like to keep my analysis very simple and leave the myriad of exotic technical jargon to the experts...All I know is that in yesterday's IBD Industry Sector Leaders list, #1 was Solar and #2 was Biotech...As you know, I consider short term gyrations "noise" and tend to ignore the cacophony...Solar and Biotech are the future and it will be in these 2 sectors where incredible fortunes will be built for those who have the foresight and the patience...I am currently not in SPWR, but not because I am not bullish on its prospects, in fact, I believe that it is the best run US solar company...and being that you work for them, no one knows that more intimately than you...But since the game is about compounded percentage returns, I personally have my money in companies that offer better risk/reward opportunities...How do you think I delivered 10,000%+ gain in 5 months in my Options2Wealth portfolio...LOL! Best, karim
    30 Jan, 08:45 AM Reply Like
  • invest.beginner
    , contributor
    Comments (85) | Send Message
     
    Hello Guys (Andy, MK & others),
    Don't want to bother KP all the time. Here is my SPWR observation. The pnf traditional chart shows uptrend although it is in 'O' right now. Interesting thing is last year June/July time frame, there was similar pattern with $18 double bottom support. And now we have $28 as double bottom support. Hope this pattern holds this time as well.
    Please comment if you find anything wrong or have different opinion. thanks!
    30 Jan, 03:07 PM Reply Like
  • invest.beginner
    , contributor
    Comments (85) | Send Message
     
    Thanks a lot KP. I see ~480 is the bearish price objective which happens to be 200 day SMA avg. So hope it rebounds from there. Looks like it might go down to that level with the market conditions. Analysts downgrade & all negative news everywhere someone had PT $320. Anyway I'll watch the png chart & wait for a month at least. May be next month's shareholders meeting might turn out to be a catalyst to move this above $500.

     

    One thing I wanted to ask you is on the stockcharts, there are few options on pnf chart. Traditional vs Percentage vs True AVG range. I find Percentage pnf chart more accurate than Traditional one for short term trading & Avg range is for long term or never works for me. Sometimes Traditional says bullish but percentage points to lower. In such case, which one should I rely on?

     

    E.g. I'm long on SOL.
    Traditional PT is $0.25
    Percentage PT is $2.34
    AVG True range is $0.

     

    the chart shows higher lows so must be in uptrend. RSI is improving. This is conflicting with the price target.

     

    I really appreciate your quick response. Thank you so much KP.
    29 Jan, 03:28 PM Reply Like
  • Andy Zelenak
    , contributor
    Comments (293) | Send Message
     
    Use your head a bit, IB. You shouldn't be relying 100% on charts.

     

    There's no way SOL will hit $0.25 because it's worth at least 10X that much. I guess $2.34 is a remote possibility.
    29 Jan, 04:07 PM Reply Like
  • invest.beginner
    , contributor
    Comments (85) | Send Message
     
    Hi Andy,

     

    I know that's why I'm not concerned about SOL. But just wanted to know how much to rely on these price objective. Because when shakeout happens, the price objectives change from bullish to bearish & then it gets confusing. Also, from fundamental point of view, SOL is healthy, not on the verge of bankruptcy. So no issue here.

     

    About AAPL, RSI indicates oversold, if I go by daily RSI, (which shows that the stock is oversold now) & PNF combined, then I see little bit downside to ~$485. But with weekly & monthly RSI are in the middle & can still go down & drag AAPL further. I have 3 months time for APR 550C calls. So wondering how long will it take AAPL to get back to 550 level. Anyway, I learned my lesson the hard way.

     

    Moving on, holding SPWR MAR30C. Now traditional & AVG TR pnf's show PO $53 but the percentage shows $25. If the market continues to selloff like this $25 is quite possible. However, one common thing is with all 3 chart options, it says HIGH POLE WARNING. Need to be cautious here.
    29 Jan, 05:03 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » IB, As I mentioned in a previous response, since I try and keep everything quite simple, I only use the traditional chart because it helps filter out the very noise that the percentage chart tends to magnify...hope this helps...kp
    30 Jan, 09:18 AM Reply Like
  • invest.beginner
    , contributor
    Comments (85) | Send Message
     
    Thanks KP. I'd like to understand more about weekly MAX PAIN options thing. Does that mean most of the stock end up weekly near that max pain range unless there is any news that moves the stock? I see max pain AAPL & it is set at $500-$505 & looks like this price acts like a magnet irrespective of market movement.
    30 Jan, 01:03 PM Reply Like
  • doubld
    , contributor
    Comments (6) | Send Message
     
    I ordered the book immediately after watching the Charlie Rose interview. Grant's message fits perfectly with the theme of my new ventures, which is "Doing Well By Doing Good". In the past, was definitely one of those "balancers" who leaned more of the giving side, but nonetheless was primarily focused on the rewards, sometimes to my own detriment.
    I have found that "intention" is everything, and that when you seriously intend to GIVE and seek nothing more than modest financial success, the rewards always lead you to new people and places that are tremendously reward in all respects. I have made a serious effort to have positive societal purpose for my new ventures and the reward for this have been abundant.Thanks for sharing....cannot wait to read the book.
    2 Feb, 09:58 PM Reply Like
  • Options2Wealth
    , contributor
    Comments (95) | Send Message
     
    Author’s reply » DoubleD, I really like your slogan, "Doing Well by Doing Good." With the help of the readers, I want this blog to become a force for good by following your credo...Thanks for sharing...
    As a way of introduction...David D and his wife Ellen are family friends and they are very active philanthropists in the San Diego area...My wife and I are fortunate to have them as friends...I hope DoubleD will become an active contributor on this blog...karim
    6 Feb, 09:54 AM Reply Like
  • doubld
    , contributor
    Comments (6) | Send Message
     
    Karim is too kind! The newsletter concept that Karim has come us is perfect for me. I fully intend on participating and giving thru DonorNation (generously). This is a wonderful idea Karim!
    7 Feb, 01:32 AM Reply Like
  • brian.c
    , contributor
    Comments (2) | Send Message
     
    Hi KP,

     

    First post for me but have been falling your blog since October. Very impressed with your portfolio's performance. I have read Dorsey's book on PnF charts and am now hooked on options. I enjoy tracking the PnF/Candlesticks of various Companies and am amazed at the correlation between the charts and a stock's performance. It sure is more exciting than my day job as an auditor in public accounting.

     

    Give and Take is an eye opening book. What a great read. It's made me take a step back and evaluate the way I live my life. Wow!

     

    Regarding your most recent idea for the blog, I would be very happy to donate 25-30% of my earnings to charity. Being able to obtain impressive returns would not only benefit my family but also allow me to give back to the community. If you need any assistance I would be glad to lend a hand.

     

    Brian
    8 Feb, 10:18 AM Reply Like
  • MarkyMarkSD
    , contributor
    Comment (1) | Send Message
     
    KP,

     

    I only learned about your blog very recently and am astonished by ever expanding wealth of knowledge and generosity. Being fairly new to options, having the ability to read all of your posts back-to-back has been a blessing in disguise. Clearly being able to mimic your moves in real time would have been financially beneficial, but understanding your overall movements and thought process has already helped me immensely.

     

    I am not sure why your most recent post is no longer available, because I think the underlying idea is brilliant. I'm sure you are in great hands with Casey at your side, but I am more than willing to help in anyway possible. I may not be too experienced with options but hopefully I can find some back to give back for everything you have given me thus far.

     

    Thanks again and I look forward to great things to come.

     

    Mark
    8 Feb, 12:31 PM Reply Like
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