jcrash's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/121382/comments http://seekingalpha.com/article/159835-another-natural-gas-bull-sticks-his-neck-out?source=feed#comment-662113 662113 Fri, 04 Sep 2009 13:30:24 -0400 http://seekingalpha.com/article/133070-are-cds-a-good-thing?source=feed#comment-481753 481753

On Apr 26 07:42 PM William Cowie wrote:


> Can someone prove a CDS is different from a simple insurance policy?


If I game the system on an insurance company it is called Fraud. If you game the system with a CDS and shorting it is ignored.
>
> ]]> Tue, 28 Apr 2009 19:00:33 -0400

On Apr 26 07:42 PM William Cowie wrote:


> Can someone prove a CDS is different from a simple insurance policy?


If I game the system on an insurance company it is called Fraud. If you game the system with a CDS and shorting it is ignored.
>
> ]]> http://seekingalpha.com/article/133008-china-s-gold-reserves-almost-doubled?source=feed#comment-476935 476935 Sat, 25 Apr 2009 09:53:09 -0400 http://seekingalpha.com/article/133070-are-cds-a-good-thing?source=feed#comment-476931 476931
"The fact that CDS allowed you to effectively short a credit you didn’t own was not particularly harmful." Yeah, right. If it was not harmful, there shouldn't be a relationship precrash to the number of CDS's on a company and the eventual outcome for said company. ]]> Sat, 25 Apr 2009 09:48:21 -0400
"The fact that CDS allowed you to effectively short a credit you didn’t own was not particularly harmful." Yeah, right. If it was not harmful, there shouldn't be a relationship precrash to the number of CDS's on a company and the eventual outcome for said company. ]]> http://seekingalpha.com/news/market_currents/post/17135?source=feed#comment-377656 377656 Thu, 05 Feb 2009 19:31:30 -0500 http://seekingalpha.com/article/108586-microsoft-and-ebay-team-up-desperate-or-brilliant?source=feed#comment-318541 318541
It really is tempting to buy even more.]]> Mon, 01 Dec 2008 22:10:24 -0500
It really is tempting to buy even more.]]> http://seekingalpha.com/article/107764-tying-interest-rates-to-cds-is-a-recipe-for-main-street-disaster?source=feed#comment-314266 314266 Mon, 24 Nov 2008 23:31:38 -0500 http://seekingalpha.com/article/107297-can-you-see-apple-under-60?source=feed#comment-312235 312235

On Nov 21 12:35 PM SteveTheHawk wrote:

> Considering the current economic climate, I don't see Apple as being
> undervalued at all. Even with the huge drop in price, it still has
> a PE of 15. I don't see their sales momentum continuing at its current
> pace. What will drive the price up though is the restoration of faith
> in the credit and stock markets. Who knows if/when that will happen?
> I wouldn't buy it at 190 and I wouldn't buy it at 140. The Pollyanna's
> screamed that it would never see $100.00 again. Yeah....right. In
> normal times, I would jump all over Apple stock at the current price.
> These days..... I'm not exactly excited about it. Maybe I'll buy
> some.... maybe I won't.


Stevie, I dont own Apple, or a mac. I do own a bull put spread on them though.

You need to read the financials and the earnings conferences. You see, in this previous quarter, they actually made about $2.50/share. It is purely a trick of accounting that it doesn't show up that way on the statements. Take $2.5 multiple it by 4, stick any P/E you want on that. If you get a stock price less than the current market value less the cash on hand, don't buy. Otherwise, get a brain.

For you folks that think $60 will never be seen, there is easy money to be had selling the put spreads. Sell 40/60 or 45/65 if you like.

I've gone with the easy money at 30/50 myself.]]> Fri, 21 Nov 2008 22:20:30 -0500

On Nov 21 12:35 PM SteveTheHawk wrote:

> Considering the current economic climate, I don't see Apple as being
> undervalued at all. Even with the huge drop in price, it still has
> a PE of 15. I don't see their sales momentum continuing at its current
> pace. What will drive the price up though is the restoration of faith
> in the credit and stock markets. Who knows if/when that will happen?
> I wouldn't buy it at 190 and I wouldn't buy it at 140. The Pollyanna's
> screamed that it would never see $100.00 again. Yeah....right. In
> normal times, I would jump all over Apple stock at the current price.
> These days..... I'm not exactly excited about it. Maybe I'll buy
> some.... maybe I won't.


Stevie, I dont own Apple, or a mac. I do own a bull put spread on them though.

You need to read the financials and the earnings conferences. You see, in this previous quarter, they actually made about $2.50/share. It is purely a trick of accounting that it doesn't show up that way on the statements. Take $2.5 multiple it by 4, stick any P/E you want on that. If you get a stock price less than the current market value less the cash on hand, don't buy. Otherwise, get a brain.

For you folks that think $60 will never be seen, there is easy money to be had selling the put spreads. Sell 40/60 or 45/65 if you like.

I've gone with the easy money at 30/50 myself.]]> http://seekingalpha.com/article/107153-berkshire-hathaway-credit-risk-index-puts-are-overblown-worries?source=feed#comment-312233 312233
2. No way this was a 1:1 bet. You don't hand over $5 billion in cash if you only need want a 6% return.

3. What currencies are involved? He is not the oracle of currencies.

4. The equities within Berk are down plenty.

Methinks you are overcome by Buffetts recent Narcissistic tendencies.]]> Fri, 21 Nov 2008 22:08:35 -0500
2. No way this was a 1:1 bet. You don't hand over $5 billion in cash if you only need want a 6% return.

3. What currencies are involved? He is not the oracle of currencies.

4. The equities within Berk are down plenty.

Methinks you are overcome by Buffetts recent Narcissistic tendencies.]]> http://seekingalpha.com/article/107341-buffett-s-gamble-40-billion-bet-on-volatility?source=feed#comment-312194 312194
You can get 9% tax free from select MLP's right now. These are companies with no debt that make money from transportation of energy, not the actually price it trades. I'd go with MLP's like WMZ. I bought it today, yielding over 9% tax free. Can't beat that with a stick.]]> Fri, 21 Nov 2008 20:36:09 -0500
You can get 9% tax free from select MLP's right now. These are companies with no debt that make money from transportation of energy, not the actually price it trades. I'd go with MLP's like WMZ. I bought it today, yielding over 9% tax free. Can't beat that with a stick.]]> http://seekingalpha.com/article/107341-buffett-s-gamble-40-billion-bet-on-volatility?source=feed#comment-312193 312193
He needs a 100% return bull market for those puts to not be in the money. Very doable, I agree, but keep in mind the crash in 1932 took some 15 years to return the previous peak.]]> Fri, 21 Nov 2008 20:29:13 -0500
He needs a 100% return bull market for those puts to not be in the money. Very doable, I agree, but keep in mind the crash in 1932 took some 15 years to return the previous peak.]]> http://seekingalpha.com/article/107348-drop-in-gas-price-300b-savings?source=feed#comment-312187 312187
At present, there are no plans to revoke the increase.

So, it ain't all sunshine and roses.]]> Fri, 21 Nov 2008 20:22:45 -0500
At present, there are no plans to revoke the increase.

So, it ain't all sunshine and roses.]]> http://seekingalpha.com/article/107286-cramer-s-mad-money-aig-show-me-the-money-11-20-08?source=feed#comment-311949 311949 Fri, 21 Nov 2008 14:28:47 -0500 http://seekingalpha.com/article/103408-where-have-all-the-peak-oil-believers-gone?source=feed#comment-295972 295972 Sat, 01 Nov 2008 22:12:45 -0400 http://seekingalpha.com/article/102067-possible-outcomes-of-my-apple-purchase?source=feed#comment-294183 294183
You cannot lose more than all your money in covered calls. Period.]]> Thu, 30 Oct 2008 09:53:02 -0400
You cannot lose more than all your money in covered calls. Period.]]> http://seekingalpha.com/article/102067-possible-outcomes-of-my-apple-purchase?source=feed#comment-293894 293894 Wed, 29 Oct 2008 20:24:01 -0400 http://seekingalpha.com/article/102067-possible-outcomes-of-my-apple-purchase?source=feed#comment-293882 293882
So, when NVDA was at 19...halted...and opened the next day at 14 or so I could stop out at 17?

I think not. Your naive in thinking the two are equivalent. They aren't. If you put yourself in the realm of infinite capital they are, otherwise they aren't even close.

It is NOT ironic that the IRA would allow you to do covered calls but not naked puts. An IRA cannot be funded at will. You could easily go negative with the scenario I mention above if you are short puts. Then what do you do? That would be a tax nightmare.]]> Wed, 29 Oct 2008 20:07:41 -0400
So, when NVDA was at 19...halted...and opened the next day at 14 or so I could stop out at 17?

I think not. Your naive in thinking the two are equivalent. They aren't. If you put yourself in the realm of infinite capital they are, otherwise they aren't even close.

It is NOT ironic that the IRA would allow you to do covered calls but not naked puts. An IRA cannot be funded at will. You could easily go negative with the scenario I mention above if you are short puts. Then what do you do? That would be a tax nightmare.]]> http://seekingalpha.com/article/102459-where-are-cash-rich-companies-hoarding-their-money?source=feed#comment-292810 292810 Tue, 28 Oct 2008 16:39:13 -0400 http://seekingalpha.com/article/102005-think-the-dow-s-decline-has-been-bad-check-out-the-nikkei?source=feed#comment-291002 291002 Sun, 26 Oct 2008 17:28:58 -0400 http://seekingalpha.com/article/101755-so-far-restrained-carnage?source=feed#comment-289653 289653 Fri, 24 Oct 2008 12:14:38 -0400 http://seekingalpha.com/article/101764-2-58-and-counting?source=feed#comment-289652 289652 Fri, 24 Oct 2008 12:12:19 -0400 http://seekingalpha.com/article/101570-duke-cuts-plan-to-install-solar-panels-by-half?source=feed#comment-289224 289224
Shame on them for taking issue with it.]]> Thu, 23 Oct 2008 20:03:43 -0400
Shame on them for taking issue with it.]]> http://seekingalpha.com/article/101481-amazon-was-that-its-bottom?source=feed#comment-288795 288795 Thu, 23 Oct 2008 11:49:55 -0400 http://seekingalpha.com/article/100512-charts-of-the-day-gold-and-baltic-dry-index?source=feed#comment-285107 285107
So, look at GDX. Lower than it has been in a long, long time. Gold is going down. You want a trade? Long oil, short gold. They are both headed down, but if you figure oil bottoms at 50 or so, gold is definitely going down more - which puts it easily under 700.]]> Sat, 18 Oct 2008 08:27:41 -0400
So, look at GDX. Lower than it has been in a long, long time. Gold is going down. You want a trade? Long oil, short gold. They are both headed down, but if you figure oil bottoms at 50 or so, gold is definitely going down more - which puts it easily under 700.]]> http://seekingalpha.com/article/100494-gold-approaches-record?source=feed#comment-284964 284964 Fri, 17 Oct 2008 20:16:48 -0400 http://seekingalpha.com/article/99959-countdown-of-manipulated-gold-price-running-out?source=feed#comment-283426 283426
When it was oil, everyone said, "Futures cannot be manipulated." Now that it is obvious that was hogwash, everyone jumps on the bandwagon.]]> Wed, 15 Oct 2008 23:37:13 -0400
When it was oil, everyone said, "Futures cannot be manipulated." Now that it is obvious that was hogwash, everyone jumps on the bandwagon.]]> http://seekingalpha.com/article/82638-petrohawk-a-play-on-appreciating-natural-gas-prices?source=feed#comment-283145 283145 Wed, 15 Oct 2008 15:01:51 -0400 http://seekingalpha.com/article/99680-bullion-shortage-and-spot-prices-tell-two-different-gold-stories?source=feed#comment-281200 281200 Mon, 13 Oct 2008 09:40:31 -0400 http://seekingalpha.com/article/99678-the-next-bubble?source=feed#comment-281197 281197 Mon, 13 Oct 2008 09:35:06 -0400 http://seekingalpha.com/article/99453-decades-of-negative-returns-a-long-term-look-at-the-dow?source=feed#comment-280122 280122
This selloff has nothing to do with the next president. It has to do with the last 8 or so not taking care of business at home before they goofed off on their partisan war mongering ways.]]> Sat, 11 Oct 2008 19:54:56 -0400
This selloff has nothing to do with the next president. It has to do with the last 8 or so not taking care of business at home before they goofed off on their partisan war mongering ways.]]>