Mr. Stupid

Sirius Option Strategy: Not the End of the World If GM Goes Bust

I was thinking the same thing Jsmithy


On May 30 08:57 PM jmsithy wrote:

> I am predicting it will go to .37 by opening then drop by .03 just
> because of the news with GM / the stock has been around .30 - .35
> stable for about 4 weeks. Just prepair as well that the job reports
> come out at the same time on Monday and it will be a bigger loss
> than last report. Just cover what you got in there and dont buy in
> more than what you can afford

Sirius Option Strategy: Not the End of the World If GM Goes Bust

buying these calls is a safe bet since, in either case, you could just buy the shares if the stock falls, sell the contracts if the stock goes up, or sell back the shares at a premium. Seems like a win win to me if you know anything about calls. They are December calls too so that's even less risky.

And buying the CALLS on the down gets you a better contract price with better chance of profit.

Frank


On May 31 10:18 AM relmar2003 wrote:

> John S gordon, where the hell did you come from. And what makes you
> think your comments about this company matter. Do you own stock in
> it? Didnt think so. Then why are you here. This article is about
> technicals, and your talking about 5 years down the road. Geez...
>
> Where do these guys come from? The wood work? Go comment on your
> other darlings of wall street. cause here you have no clue of what
> you speak.
> Great article in some respects....
> TERRIBLE CALL ADVICE AND OPTION ADVICE...
> TERRIBLE..
> TERRIBLE
> Never Buy Calls on the down. Wait for a surge, then buy them. This
> guy is protecting the downside, after admitting he doesnt see much
> of one. I wouldnt touch writing covered calls until this thing hit
> .60 cents. Im personally waiting for .80 cents.

Sirius Option Strategy: Not the End of the World If GM Goes Bust

And Marco thanks for the suggestion on Siri. I might just buy some of those monday to mitigate loss if that occurs. Might even get at a better contract price if Siri is down Monday. We'll see.

Frank

Sirius Option Strategy: Not the End of the World If GM Goes Bust

CFA, maybe you're spending too much time and money at Micky Dee's or even Starbucks for that matter. It's hard to imagine that listening to SatRad while driving is contributing to our health problems. Maybe watching too much TV would be a better example. I hope you were joking and not that irrational.

Frank

How Many Automakers Survive the Long Haul?

Yep, cars like the surburban and avalanche have destroyed GM. Just good for guzzleing gas and polluting the environment.

It's PAST TIME to make up use for alternative energy sources.

Stupid people want to drill more to bring the price of oil down. Please, keep the price of oil UP. Maybe then we will all see more totally electric or other alternative use.

I love seeing some fat chic at gas station, driving her sport utility, and whining about the price of gas. Or some dumb redneck cussing out loud how the environment doesn't matter and what's a few more oil fields.

Wow, how stupid of a country are we????


Frank


On May 16 12:40 PM a. palmer jr. wrote:

> Can you imagine how junky and gas guzzling the cars here would be
> if we had never imported the first car from Europe? Back then the
> automakers dictated what cars we drove, not us. There were only a
> few models from each manufacturer and we decided which one we wanted.

How Many Automakers Survive the Long Haul?

I hold 25k shares of Siri XM so if this demand doubles Siri will go to the moon.

Siri XM is here to stay.

Frank