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Kevin M. O'Brien's  Instablog

Kevin M. O'Brien
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Options trader full-time, author, owner of www.kevinmobrien.com, a subscription-based service. Born in Chicago. Follow many stocks in the tech, financial, and agricultural sectors. Trade daily with a 5 Technical Indicator Strategy I developed. Also trade debit spreads, strangles, and also hold... More
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Kevin M. O'Brien
My book:
Breakthrough: A Consistent Daily Options Trading Strategy For Volatile Stocks
  • 3 Stocks Worth Buying Puts On In An Overbought Market 68 comments
    Mar 13, 2013 7:52 PM | about stocks: CRM, LNKD, PCLN

    There comes a time in any market where it is impossible to not realize that some very serious over-buying is taking place. Since March 2, 2009, when the Dow Jones Industrial Average hit a low-point of 6626, the DJIA has risen to an all-time high and is now sitting over 14,400. This is in spite of massive government bailouts, government easing, and almost everything else to make things seem better than they really are.

    Regardless of the reasons for the markets spiking up so much (especially of late), the bottom line is that there are plenty of stocks that are unreasonably overvalued and should take a nosedive quite soon.

    In this article, I would like to write about three stocks that I feel are the most likely to fall rather quickly and that should bring a nice return on investment.

    Back in late September 2012, I wrote an article here on Seeking Alpha recommending three stocks to buy puts on. You can read that article here seekingalpha.com/article/895981-consider-put-options-with-these-3-stocks.

    It is extremely important to note that I have a time-frame with these options that uses strike prices and expirations that I feel will bring a healthy ROI rather quickly, so exiting the trade with a profit is always the way I trade, and I highly encourage readers to do the same. Holding too long can wipe out most of the gains that were there for the taking, so please do not be greedy hoping for more gains if it is simply not there.

    Here are the three stocks that I will be purchasing put options with this week, with strike prices and expiration dates listed:

    1.) LinkedIn Corporation (NYSE:LNKD) - Once again, LinkedIn makes my list. In my opinion, this is one of the most overpriced stocks I have seen in a while. Back in September 2012, I felt it was overpriced at around $115.00/share. Now currently sitting at over $180.00/share as of Wednesday afternoon, this is an opportunity to buy put options at a much lower strike price from where it is currently trading at, with a high expectation it will tank soon. This is my number one pick on the list.

    Still with an outrageous price-to-earnings (P/E) ratio over 900 and a measly earnings per share of 0.19, this is simply a stock that is too overpriced.

    The great news too is that there is still plenty of downside here. The 52-week range is $87.75 - $179.35, so it is just a few dollars off of its 52-week high, which is another statistic I love with overvalued companies.

    I am recommending purchasing May 2013 $155.00 put options with the anticipation that within this time-frame the stock should be well below what it is trading at right now. Hop on this one.

    2.) Priceline.com (NASDAQ:PCLN) - While I like this company a lot, it does have a bad tendency to fall very fast when reaching near 52-week highs, as it is getting close to now. I would wait another week or so to make this trade, let it gain some more (in upwards of $730.00/share), and then pull the trade.

    Currently, Priceline.com is trading at $715.00/share. The 52-week range is $553.42 - $774.96.

    This is one of those type of trades where it will need to be monitored closely, as huge drops can happen at any time on any given day. On a previous article I wrote about Priceline.com, I recommended puts and was in-and-out of the trade it days with a very nice return on investment. I am expecting the same in this situation.

    I am recommending purchasing May 2013 $615.00 strike put options. While I do not fully expect that the stock will trade down to this level, I do feel that it will move down in price significantly enough to have the premium of the option price increase substantially enough to make this a trade well worth placing.

    3.) Salesforce.com (NYSE:CRM) - another perennial favorite of mine to buy puts on, Salesforce.com, like LinkedIn, is extremely overvalued, in my opinion.

    Currently trading at $180.73/share, this stock is only $7.00+ off of its 52-week high, which has a range $120.18 - $187.94.

    Yes, this is a momentum stock and it does go on some heavy rolls of upward movement, but I feel that will be coming to an end rather shortly.

    The company's earnings-per-share is still horrible, at -1.92, and it has yet to really prove (although they have had plenty of time to) that they can become consistently profitable. A lot of excuses, to be sure, but no results. While growth is a big reason why the stock price is so inflated, it is time to start delivering. Plain and simple. I am not going to hesitate buying up a large quantity of put options, using May 2013 $145.00 strike put options. Expect this stock to drop a lot within the next month, where your ROI should make you a happy camper.

    I hope to have an influx of articles coming out within the next month, especially during earnings season.

    If you have any questions, please leave a comment or send me an e-mail.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in LNKD, CRM, PCLN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

    Additional disclosure: I will be purchasing put options on all three stocks mentioned in this article this week.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in LNKD, PCLN, CRM over the next 72 hours.

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Comments (68)
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  • Hektore
    , contributor
    Comments (6) | Send Message
     
    Thanks for the article, I like your game plan - good luck! I also like how you mention how you were monitoring your previous Priceline trade and getting in and out at key moments. Maybe I'll practice with some paper trading.
    14 Mar 2013, 12:53 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Notice how Kevin does not utilize any form of risk management... no mention whatsoever of when to sever a trade gone bad.

     

    Folks... do you know how long AMZN has been overvalued... with an outrageous PE?

     

    The logic here is absurd on justification for buying puts...simply because the stock price is high???

     

    Kevin-- do you even know how to read a candlestick chart?
    19 Mar 2013, 12:54 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Never liked AMZN as a stock, but thanks for telling me what stocks I like anyway. Any more suggestions?
    19 Mar 2013, 01:32 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Yes - as a matter of fact I do have a suggestion--

     

    Learn and study everything you can about position sizing and risk management and controlling losses... and then write an article proving you truly understand the concepts and know how to convey the principles to your novice readership... because up to this point... since your tenure began here at SA - you have made it clear you do not employ any of the above.
    19 Mar 2013, 04:48 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Aren't you the guy who asked me if I knew what a candlestick chart pattern was, or something to that effect? Uh, yeah, and I know why I don't use them with the daily strategy. You obviously do not.
    19 Mar 2013, 09:07 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Readers- risk is something Kevin has never addressed. Do you see his reply here? It does not come as a surprise...

     

    The most important aspect of trading.. bar none.. is first managing risk. Risk management first... profits second.

     

    Do you really want to put your faith in someone who gives no attention whatsoever to risk management?
    19 Mar 2013, 10:27 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Whats the over/under u didn't place this pcln trade?
    19 Mar 2013, 03:10 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Kevin
    Why no comments on the last article as you promised.
    17 Mar 2013, 09:06 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    mike just look at Kevin's pattern over the last year or so... when he doesn't know how to respond.. he simply just doesn't.
    19 Mar 2013, 12:50 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » See comments on earlier post, Mike.
    19 Mar 2013, 01:32 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Oh my...
    19 Mar 2013, 01:32 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Ridiculous and a copout.

     

    Seeking Alpha does NOT prevent you from posting an Instablog on options.

     

    Seeking Alpha does NOT prevent you from answering questions to readers in Instablogs or Articles.

     

    You have failed to provide one legitimate reason why you have chosen to ignore numerous questions posted here by your readers.

     

    Where did anyone question you as to whether you respond to emails? Where did anyone say you don't make phone calls? Where has anyone shown a concern anywhere in these regards? Why do you choose to emphasize these areas when the crystal clear issue here is your habitual lack of response to readers on Instablog and Article forumss?
    19 Mar 2013, 04:43 AM Reply Like
  • Marketeer
    , contributor
    Comments (5) | Send Message
     
    You made your point, so move on.
    19 Mar 2013, 04:22 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Typical dodge and divert.
    19 Mar 2013, 07:32 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Kevin
    Again why won't you post your trades and shut everyone up?
    21 Mar 2013, 10:03 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Mike why do you continue to ask???

     

    Do you seriously expect Kevin to provide a rational answer?

     

    Use some common sense here...

     

    There is only one reason... and one reason alone... and it doesn't require Kevin to provide the answer....
    21 Mar 2013, 10:47 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Btw Mike-- more than likely Kevin is officially done here...

     

    He was on serious probation with SA for some time... I doubt after the latest email threat made to Kim if they will reinstate him.
    21 Mar 2013, 10:50 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » What I trade is my business, although I really wouldn't mind. I actually get a kick out of Napolean, Kim (who was warned before to stop posting on my articles, which I agreed to), and his clan.What I do mind is repetitive comments with an agenda, and I honestly don't have time for it. Maybe if it was genuine without an agenda it would be different. Seriously, man.
    23 Mar 2013, 02:46 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    I did not see the threat, maybe Kim should post it.
    21 Mar 2013, 10:51 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    none of us have seen it mike... its irrelevant however... since anyone who has history here is well aware of Kevin's past tirades and vehement attacks.
    21 Mar 2013, 11:34 AM Reply Like
  • SteadyOptions
    , contributor
    Comments (2381) | Send Message
     
    I reported it to SA, not going to post it here. SA removed the last two blogs of Kevin - I mean, the WHOLE posts, including all comments. Not sure this is the solution I would wish for - after all, I think people have the right to see all the history, where he makes those ridiculous claims. But that's SA prerogative, and I respect that. He will probably continue making those claims on his website, but I hope people have enough common sense not to be sucked into it.
    21 Mar 2013, 12:50 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Well handled Kim.

     

    Main thing here to take note is once and for all--Kevin will no longer be allowed to mislead unsuspecting and vulnerable novice traders desperately in search of a holy grail... of which of course any experienced trader knows doesn't exist.
    21 Mar 2013, 06:18 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Hey, Kim I deleted it. I reported you, as well for a number f things.
    23 Mar 2013, 02:58 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Kevin
    Any comment?
    21 Mar 2013, 01:14 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Mike seriously?
    21 Mar 2013, 05:58 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Yeah Seriously
    I want him to finally answer some questions directly.
    22 Mar 2013, 10:35 AM Reply Like
  • SteadyOptions
    , contributor
    Comments (2381) | Send Message
     
    Mike,

     

    I don't know for how long you are following Kevin. He has been on SA since September 2011. I appreciate that fact that he commented on his articles and was usually very quick to answer questions. However, there is a pattern that repeats itself: once someone starts questioning him, he starts attacking him personally, or just disappears. Not sure what makes you think that it will be different this time.

     

    Here are just few examples of his "gems":
    http://seekingalpha.co... - this is where he started the 20k portoflio and guaranteed in one of the comments "that by January 31, 2012 this portfolio account will be at 40k or more." One of the trades lost 60%+, and he just stopped tracking it.

     

    http://seekingalpha.co... - this is where he presented the GOOG trade and promised that "he trade recommendation I am writing about will work like a charm." The trade lost 100%. He did not disclose any of the risks.

     

    http://seekingalpha.co... - this where he said "One of the many drawbacks of a credit spread is that it will tie up so much capital." A complete nonsense and lack of understanding. Like I mentioned, what determines the risk/reward and the capital tied up is the strikes and not the credit or the debit. You can do the same trade with same strikes for a credit or a debit with same P/L graph.

     

    Just read some of the comments on the articles I linked and you will see what I mean.
    22 Mar 2013, 11:58 AM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    I know, I know. But still hoping for maybe a direct answer.
    22 Mar 2013, 12:18 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2381) | Send Message
     
    Hope is not a strategy.. but if it works for you..
    Good luck.
    22 Mar 2013, 02:17 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Want answers like you, hoping he would come clean.
    22 Mar 2013, 03:09 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    mike- at what point do you finally reconcile the fact that Kevin is not at all what he appears to be...?

     

    I mean-- you seem to be holding on to one last straw.. one last shred of hope... that Kevin will ultimately reveal himself as the voice of reason, objectivity and logic you so desperately want him to be...

     

    It's simply not gonna happen.

     

    Why have you not chosen to empower yourself with knowledge and do your own due diligence? You were given suggestions awhile back.. have you not pursued any of them...??? What are you waiting for?
    22 Mar 2013, 07:37 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Mike- it is clear you will not be hearing from Kevin.

     

    He will only respond rationally to any unsuspecting proponent that shows no signs of independent thinking that could be used against him in the form of cronstructive criticism.

     

    Just look how he immediately responded to the individual on his C thread... but ignores you-- someone who was one of his loyal followers.

     

    Do you finally get it yet?
    23 Mar 2013, 04:26 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Come clean about what? I have not one thing to prove to anyone.
    23 Mar 2013, 02:47 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin every time you post you prove to the masses you are selling nothing but a fraudulent pipedream to novice traders.

     

    You're right-- you have nothing to prove. Since what you are claiming is pure BS...and nothing more...

     

    If you deny this-- then evidently by your own admission-- you will have something to prove.

     

    So what is it? Finally gonna admit that proclaiming a guaranteed 24% weekly ROI is pure BS? Or sticking to it? If you stick to it-- but refuse to prove it- then you cannot be taken any other way other than a liar...con man...and outright fraud.
    23 Mar 2013, 10:13 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2381) | Send Message
     
    I don't want answers anymore. I suggest you take a look at the following article - http://seekingalpha.co...
    especially the comments section. I started with asking some legitimate questions, at some point when he realized that he doesn't have good answers, he just concluded the discussion by writing "You are a very, very sick man. The medicine is not working."

     

    Very professional..
    22 Mar 2013, 03:49 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » You used to pull the same stunts as Napolean. Almost identical. All day and night. So cut it.
    23 Mar 2013, 02:48 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Nap. And Steady
    Just trying to get a con man to admit to the con. Nap still reading and studying your rec of T3. Nap. Why don't you start writing and teaching your methodology?
    23 Mar 2013, 10:48 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    I dont have the time mike--- do u realize the significant time & commitment involved with that?

     

    Just look how Kevin has failed in that regard... I simply will not put myself in such a compromising position.

     

    I do not post here with anything to gain...no profit motive whatsoever... yet I have always provided an objective response to any and all who have requested...unlike Kevin... who refuses to offer any rational response to any who he perceives will provide no chance for his financial gain.

     

    Quite ironic how Kevin thinks however the amount of time involved with my posts involves time consuming non stop day & night activity...lol!
    23 Mar 2013, 10:23 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Kevin
    You're quick to answer this but not any real questions. Is that part of the con?
    23 Mar 2013, 05:08 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    So you think Napolean/ Passion/ Thorn./ Steady are all the same person? The first 3 yes, I don't think the last one though.
    23 Mar 2013, 05:11 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Kevin
    You made the challenge, so post your trades so we can follow. That can prove or disprove the validity of your system. That's what you need to come clean for. Your challenge, your offer, but you ignore it. My question is WHY?
    23 Mar 2013, 05:15 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Mike,

     

    Perhaps we should ask Kevin a question less threatening to him... something not subjective in nature that would be prone to induce an emotional response... but rather an objective inquiry relevant to an excerpt from his daily option strategy ebook... something such as this:

     

    Kevin-- can you explain specifically in detail your reasoning behind the following quote below from your ebook? Within Part 2 regarding chart settings... you state:

     

    "I always use a 'line' chart instead of a candle chart. The reasoning behind this is that the line chart will be more clear and definitive as to where the security is trading at in relation to the Bollinger Bands. The candlestick may look like it has reached the top or bottom of the Bollinger Band when it has not because of the 'wick' pattern."

     

    I find this extremely interesting indeed... almost to the point of fascination...

     

    Ideally... since a picture is worth a thousand words as the saying goes-- a visual example of the same stock depicted in both types of charts to illustrate your thesis would be extremely helpful.

     

    In your reply-- please also explain the nature and essence of the information that a line chart provides vs. what a candlestick chart provides, and the actual mechanics behind what visually is seen as trading unfolds in real time with both types of charts... since many of your readers are novice traders and it would not be prudent to presume they have background knowledge in this area.

     

    Thanks in advance.
    26 Mar 2013, 07:58 AM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Nap.
    No, he put the challenge out there. Let him answer his own challenge. He wants to prove the system to you and Steady by you going out to San Diego. There is no need. Post the trades PROVE he is right or wrong. Its easier and more efficient and everyone can see the trades and make a decision themselves.
    26 Mar 2013, 12:48 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Hello Kevin,
    Are you out there?
    27 Mar 2013, 12:46 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    same ol' games mike.. same ol' games... over and over and over...
    27 Mar 2013, 02:45 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Here is the pattern Kevin follows to the tee:

     

    1) Show up and make grandiose claims.
    2) Immediately reply with insults and challenges to any critique.
    3) Continue to post and reply to any propopents.. ignoring all others.
    4) Disappear for lengthy period altogether when it appears critics wont
    relent with questions.
    5) Wash rinse repeat.

     

    Since hes been here.. the pattern plays out with high probability over and over. Too bad he wasnt optionable.. perhaps CBOE should look into it...
    27 Mar 2013, 02:51 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    FYI all-- I received a private email from Kevin on 3/22 under the heading REPORTED ONCE AGAIN... the content within merely stated:

     

    "You aren't too bright. Hope you don't have children."

     

    Not exactly sure what I was reported for...to whom I was reported.. and what the consequences since that time have been as a result of the "reporting"...

     

    Typical of Kevin. Just more true character revelations he continues to display...

     

    News flash folks:

     

    There will be no answers to your questions.... if those questions in any way shape or form have critique attached.

     

    And as for my objective question on line chart vs candlesticks... don't hold your breath.... I certainly am not. If he surprises us all and does answer it... it could potentially be the most damning thing yet to the perception of any new traders considering hie ebook or daily options strategy... so my bet is he ignores it to infinitum....

     

    Any out there knowledgeable enough to immediately see the problem in his ebook quote I posted? Anyone care to take a stab...?
    27 Mar 2013, 04:06 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Kevin now has a NEW book he is pushing. WOW
    3 Apr 2013, 12:37 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Yes Mike he is quite the entrepreneur isn't he?

     

    Well I have some very objective and pointed questions for him on that thread... any rational and objective individual looking to profit from selling an ebook should be more than ready, willing and able to respond... as the questions are directly on topic to the scope of his new book...let's see if he does. More than likely he will ignore me... however it will be interesting to see if he responds to the other posts on that thread.

     

    What do you think?

     

    PS - I am not too concerned- because as far as Im concerned-- there is a big catch 22 here for Kevin regardless of whether he responds or not... and the reality is it will be the most damning evidence yet that Kevin's strategy is faulty on so many levels.

     

    Have you figured out yet where I am going with all the questions regarding his line charts vs candlesticks relative to bollingers?
    3 Apr 2013, 09:01 PM Reply Like
  • mike_tee_vee
    , contributor
    Comments (20) | Send Message
     
    I'm a different Mike, and I haven't posted here in ages, but I would like to gain a deeper understanding on the line charts vs. candlesticks debate.

     

    My understanding is that line charts can only show one price (usually closing price) within a given timeframe. A line chart would not adequately map out where price travelled during that timeframe. If price closed on the dead low of that timeframe, the chances of further selling are high.

     

    A candlestick would be a better visual representation of the relationship between buyers and sellers. By showing the high, low, open, and close simultaneously, you have a short-term illustration of supply and demand. A well offered candle would indicate significant supply.
    5 Apr 2013, 06:24 PM Reply Like
  • dimesanddonuts
    , contributor
    Comments (19) | Send Message
     
    So wait a minute... if a line chart is based on the closing price... are you saying that price could actually hit an outlier area outside of a bollinger band at any given time.. only to reverse... and in that time... if the closing price falls back within the band... theoretically if you happened to be looking elsewhere--either at another area on your monitor--or briefly turned to pet Fido your dog---- you may be completely unaware that price had actually come to an extreme when you decided to look at that particular chart where that occurred?

     

    Please confirm-- because I am still learning.. but if that is reality-- than it also means that backtesting Kevin's system becomes impossible.. correct? I mean-- I guess backtesting would work if price closed outside of the band... but what about all the numerous other times where price capitulated and reversed... you would never see that on the chart right? And therefore for any of those that play pivots and support and resistance points... there would be no way to determine where price may be likely to stall right?
    5 Apr 2013, 06:55 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2381) | Send Message
     
    I must say that for someone who claims to make 24% every week, he is wasting a lot of time to write those $9.80 books. I'm wondering why he is doing it if he can make those kinds of returns from trading..
    4 Apr 2013, 01:49 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Hows your review of his other ebook coming along?
    5 Apr 2013, 09:10 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kim-- I actually am starting to believe that Kevin knows exactly what he is doing here...

     

    He has just now once again posted replies that no doubt SA will rule in violation of policy... and therefore warrant yet another probationary hand slapping which will result in an extended period of time where Kevin will be unable to respond to comments and questions.

     

    This sanctioning is I believe exactly what he wants-- because then it will provide him with a "justification" on why he wont be responding to the issues raised.

     

    Perhaps however SA will finally once and for all surprise Kevin-- and officially ban him indefinitely... that I dont believe is a possibility Kevin has considered.

     

    Perhaps rather than reporting him for abuse you should just ignore the insults at this point... more than likely there will be more-- no doubt hurled at me...

     

    Once he has supplied enough fodder a simple screenshot via tinygrab will allow for a url address that will display his inappropriate replies...which will then be visually archived for all new readers and old to see... then the "report abuse" can be followed thru with and subsequent deletions by SA.

     

    I am in total agreement with you that the one disadvantage that has occurred by the hundreds of derogatory posts that SA has removed of Kevin's has been a disservice to new readers who have as a result been unable to see his true colors and character. Tinygrab url will resolve this problem going forward.
    6 Apr 2013, 07:21 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    U are talking about "class" Kevin... yet you have the audacity to call someone "chump" and make a derogatory reference regarding a "Herman Munster... resemblance"???

     

    So folks-- here we have once again with the highest degree of predicactabilty specific components of the repeated pattern Kevin displays consistently-- playing out to fruition to a tee:

     

    - Disappear for lengthy period altogether when it appears critics wont relent with questions.

     

    - Reply with insults.

     

    Look for more of the same to my reply... much will be said about anything and everything... "everything" that is except for the topic at hand--- that being Kevin's thesis regarding line charts with bollinger bands.

     

    Kevin-- will you choose to surprise everyone and actually answer my post on the other thread re: GOOG on 4/5/13 at 10:30-10:32 EST...? Or will you follow your typical pattern as usual?
    6 Apr 2013, 07:05 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2381) | Send Message
     
    napoleon,

     

    I got another 3 emails from Kevin with more threats and insults. Honestly, I don't know why he is still here.

     

    The problem is that he can delete his own comments on his instablog like he did with the previous instablog, so it won't really help to new readers.
    7 Apr 2013, 02:59 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » This coming from a guy who asked me how to trade the VXX and GLD? Seriously.
    10 Apr 2013, 06:26 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2381) | Send Message
     
    Please give me one simple example where I misquoted you. Didn't you say that you make 24% per week? Didn't you invite me to San Diego and guaranteed to make me 6k on 25k capital? Didn't you say that GOOG trade will work "like a charm"?

     

    Every single quote that I gave was taken from your article or comment.

     

    And there are still questions waiting for your response. And there will be much more in my review of your book on Amazon. But I highly doubt we will get real answers.
    7 Apr 2013, 03:02 AM Reply Like
  • glworden
    , contributor
    Comments (147) | Send Message
     
    There might be a good reason to go with the line charts. And if there is, Kevin, why don't you simply explain it? I suspect you've run different models and found that end-of-interval pricing gives you the best results, and the line charts achieve that without distraction. If that's the answer, it's a pretty simple answer, and critics can take it or leave it and just agree to disagree.

     

    It must be frustrating for you that every time you show up here you come under attack.

     

    As one who has followed every post and every thread from start to finish, I must say that you have only yourself to blame. It's only natural that people have questions. A new reader might not be able to reconstruct the threads because of all the deletions. But the pattern with Kim and Dynamite were the same. They started with skepticism and questions and you replied with insults and evasiveness.

     

    I've known Kim since long before these exchanges started (I introduced him to your articles on SA), and your insinuations that there is something sinister about him are ludicrous. Kim is an arduous options student and researcher and is very honest and transparent in his trading and his web service.

     

    Dynamite has become a detractor of yours, but he didn't start out that way. If you don't recognize why you tend to make enemies on here, then I can't help you.

     

    I'm not even sure why you are dinking around on here, stirring up and receiving all of this animosity if your trading results are anywhere close to what you represent. You say that Kim misquotes you, but I can attest that you've said everything he claims. Perhaps you feel it's taken out of context? If so, just say so. Are you saying that you can make 6K on 15K capital THIS week, but perhaps not every week?

     

    If I were you, I'd do just that - make those kinds of profits - week after week, and forget all the animosity you run into on this site.

     

    I think Kim and Dynamite feel like they are doing a public service in exposing some of your claims. I think they are right - a beginner could come along and read claims like this and go hog wild on your system. It's not asking much at all to answer simple questions and provide a week or two of real-time trading examples. You could still a lot of critics if you just did that. But you get this bristly response that it's nobody's business what you trade. That's true to a point, but when you're an author and the perpetrator or an expensive trading system, the normal course is to answer questions and provide examples. Why is that so hard?
    7 Apr 2013, 09:30 AM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    GL
    The only answer is IT DOES NOT WORK, like he says it does. I have made money with Kevins system but I was lucky not to lose my shirt. His claims are ludicrous. It bothers me that SA does not discredit him on the site. He always says that he will publish proof and refute all of his distractors but he never does. When his back is against the wall he abuses the questioner. Typical Kevin. No substance, tell you what you want to here and take your money and leave you high and dry(broke).
    8 Apr 2013, 08:22 AM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Mike... have you noticed Kevin has had time to post some replies on a MSFT thread... as well as to bash me on his Bollinger thread... yet he still completely ignores loyal readers like you... who have been pleading with him for months to post some type of defense and proof to his claims...

     

    And after I disproved his line chart thesis... instead of backing up his thesis and proving me wrong-- he once again resorts to name calling and meaningless drivel.

     

    CAVEAT EMPTOR READERS. Save your $ 150 per month.
    10 Apr 2013, 06:12 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Napolean, just do me a favor... try to trade and learn. It may just help you.
    10 Apr 2013, 06:28 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    You can write anything you want on an Instablog Kevin... who do you think you are trying to fool?

     

    That is a copout... and once again you are trying to deceive readers into thinking there is a legitimate reason why you do not back up a single claim you make.

     

    Your readers are not dumb Kevin... stop underestimating their intelligence... it's insulting to them.
    10 Apr 2013, 06:30 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    You did nothing of the sort. In fact-- the proof is in the cut and paste-- NOT A SINGLE POST ADDRESSING WHAT HAS BEEN ASKED OF YOU...

     

    Oh my mistake-- except one-- where you actually claimed that GOOG showed a pierce of the bollinger on 4/5/13 at 10:30-10:32 EST on your line charts... either that was a BOLD FACED LIE... OR A COMPLETE DISPLAY OF IGNORANCE.

     

    EITHER WAY-- YOU WERE DEAD WRONG.

     

    READERS ARE LEARNING KEVIN.
    10 Apr 2013, 06:33 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Folks-- GLWORDEN-- a long time follower of Kevin.. couldn't have put it better:

     

    "I think Kim and Dynamite feel like they are doing a public service in exposing some of your claims. I think they are right - a beginner could come along and read claims like this and go hog wild on your system. It's not asking much at all to answer simple questions and provide a week or two of real-time trading examples. You could still a lot of critics if you just did that. But you get this bristly response that it's nobody's business what you trade. That's true to a point, but when you're an author and the perpetrator or an expensive trading system, the normal course is to answer questions and provide examples. Why is that so hard?"
    10 Apr 2013, 06:36 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin-- if you truly had someone who was applying your strategies and successful over a long period of time with it... there is absolutely no reason why they shouldn't be willing to be a testimonial to your system.

     

    In addition-- by providing real world testimonials to your critics... you may actually be able to silent the naysayers.

     

    But like everything else-- the things that would make the most sense in your defense and actually help you sell your trading wares... you simply cannot deliver... such as proof of your grandiose falsehood claim of being able to turn $ 25k into $ 31k... week after week.... $ 6000 per week. And all it would take is one week of live call out trades... Think of the response you would get to your wares... you would easily make 10 fold the amount in new trainee signups.

     

    But you can't nor have you ever provided empirical proof of anything you say or do.

     

    Enough said. You claim to have detractors out to get you... but the reality is-- YOU ARE YOUR OWN WORST ENEMY.
    10 Apr 2013, 06:47 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kim... I got one of those emails from Kevin too just now about the "interfering with commerce" law LOL!

     

    Folks-- in case you missed it-- here is the law... of which nothing of the sort has occurred:

     

    18 USC § 1951 - Interference with commerce by threats or violence

     

    USC-prelim
    US Code
    Notes
    Updates

     

    USCPrelim is a preliminary release and may be subject to further revision before it is released again as a final version.

     

    Current through Pub. L. 112-283. (See Public Laws for the current Congress.)

     

    (a) Whoever in any way or degree obstructs, delays, or affects commerce or the movement of any article or commodity in commerce, by robbery or extortion or attempts or conspires so to do, or commits or threatens physical violence to any person or property in furtherance of a plan or purpose to do anything in violation of this section shall be fined under this title or imprisoned not more than twenty years, or both.
    (b) As used in this section—
    (1) The term “robbery” means the unlawful taking or obtaining of personal property from the person or in the presence of another, against his will, by means of actual or threatened force, or violence, or fear of injury, immediate or future, to his person or property, or property in his custody or possession, or the person or property of a relative or member of his family or of anyone in his company at the time of the taking or obtaining.
    (2) The term “extortion” means the obtaining of property from another, with his consent, induced by wrongful use of actual or threatened force, violence, or fear, or under color of official right.
    (3) The term “commerce” means commerce within the District of Columbia, or any Territory or Possession of the United States; all commerce between any point in a State, Territory, Possession, or the District of Columbia and any point outside thereof; all commerce between points within the same State through any place outside such State; and all other commerce over which the United States has jurisdiction.
    (c) This section shall not be construed to repeal, modify or affect section 17 ofTitle 15, sections 52, 101–115, 151–166 of Title 29 or sections 151–188 of Title 45.
    10 Apr 2013, 06:52 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin are you going to delete my post again on your website instablog?

     

    We can play this game over and over and over...
    10 Apr 2013, 07:00 PM Reply Like
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