G23ROCKS

Is the U.S. Banking System Safe?

Best article I've read this week. Nice work!!!

Options Trader: Friday Outlook

"We were able to pick up the Aug $45 puts for $1.64 at about 4:09 and this is a wonderful and little-used way of protecting yourself when earnings don’t go your way."

How is it that these puts cost you $1.64, the Naz is down -1.88%, yet the options are selling for $1.56?

Wall Street Says 'Oops'

That Cramer video is sickening. It's too bad so many people blindly follow his picks.

Time To Start Buying Some Dogs?

BAC is the best pick of the group. I'm buying in scales over time. The CEO recently reassured Wall St. that the dividend will remain intact. But even if that is not the case for the short term, you're picking up a solid bank at a 50% discount. Writedowns from CFC are the big question mark, but this can be used as a tax write off for years to come. And if the Dodd-Shelby act passes, BAC stands to benefit greatly. There is risk, but I'm a buyer at this level. Remember, trying to pick bottom is a fool's game. It's best to buy in increments over time.

Options Trader: Friday Outlook

Quoting Blue Oyster Cult was classic! Well done. I'm also scaling into financials. BAC and BCS. God help me.