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grapeswhiz

grapeswhiz
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  • Make 70% A Year With Math [View article]
    What a bunch of cynical, conspiracy-theory doubting Thomases. To the author: I appreciate this article. Convexity capture is where it's at, and anyone who doesn't know that can keep on spinning their wheels and flapping their yaps about how it doesn't/couldn't/wouldn't work.
    May 29 08:53 PM | 7 Likes Like |Link to Comment
  • Why I'd Avoid ATP Oil and Gas [View article]
    You should see the yahoo finance board for this stock. It's full of people cursing and insulting one another's private parts.
    Nov 8 03:25 PM | 5 Likes Like |Link to Comment
  • Today in Commodities: Just a Correction [View article]
    I left a comment on Dec. 21 and it was inexplicably erased...?!?!... I have no idea why, since it could not have been offensive, but on the contrary, to say sincerely that we missed hearing from you! Glad you're back from the holidays. I am lost without reading your insights on commodities every day!
    Jan 4 05:22 PM | 4 Likes Like |Link to Comment
  • Sell In May And ... Buy Again? [View article]
    Besides blood, fear, and puke, I can add another one: Numbness! What do you make of that? It trumps all the others. I can't even be bothered to care anymore. I hope that means something. (Translation: I don't care about my "bad" positions - there's no more crying to do over them - and have started some new ones, because there's not much to lose, so I might as well! I'm too worn out to be afraid.)
    May 17 05:55 PM | 3 Likes Like |Link to Comment
  • Contango Unchained: How I Learned To Stop Worrying And Love The VIX [View article]
    You and I are two in a very small league: People who do this (and firstly - understand it, of course, and secondly - have the requisite minimal fear.) I've spoken to a number of competent, intelligent traders who either 1. Won't even listen, 2. Don't understand what I'm talking about, no matter how patiently and thoroughly I explain, and/or 3. Have rigid preconceived notions that my ideas are patently unwise. Same end result: they simply dismiss the idea out of hand. No matter - it doesn't stop me from doing what I took years to figure out, which is how to exploit the decay on these "products." (By the way, I don't work in finance, in any way, shape, or form - I'm just a cake-baking, household bill-paying mom.)
    Feb 10 11:02 PM | 2 Likes Like |Link to Comment
  • XPO Logistics: The Best Idea For The Next 3 Years [View article]
    I just bought this earlier today; what a buzzkill.
    Mar 29 04:39 PM | 2 Likes Like |Link to Comment
  • How A Put Option Strategy Can Beat The Market Regardless Of Direction [View article]
    This has been very useful to me and I wanted to personally thank the author. Some of the commenters have enumerated some of the downsides; however, I still find this strategy beneficial to my own account. I don't have a huge account, so the funds necessary to get my brokerage to approve the transaction is a limiting factor for me. (I'm already approved for the level of trading - level 3 is sufficient at my brokerage and probably most others.) Even so, I've been able to sell various puts (carefully choosing sufficiently out-of-the-money strike prices after carefully studying the underlying companies and events influencing the stock) and watching those puts deteriorate so that I can keep the money has been fun and profitable for me.
    Feb 12 03:43 PM | 2 Likes Like |Link to Comment
  • Bank Of America Well Positioned For A Big Move (Follow-Up) [View article]
    Thanks for the reply! We're going to stay long on this one for now.
    Jan 19 09:38 PM | 2 Likes Like |Link to Comment
  • Today in Commodities: No Inflation...Yeah Right [View article]
    "but what we found interesting today was while the front month is down 2.13% as of this post April was lower by 1.4% and May is down just shy of 1%."

    Would you please explain what this means in relation to the suggestion to remain in bullish plays? I'm sorry but I didn't get what was implied. Was it that the diminishing percents down are a bullish indicator?
    Jan 27 05:17 PM | 2 Likes Like |Link to Comment
  • Markets on the Edge of a Cliff Again? [View article]
    Thank you, richjoy403. I just plotted out the same and followed along with your narrative while confirming that I had "ordered it up" correctly from yahoo by checking the numbers for the pretty colored lines.

    I'm an obsessive charter (within my limited abilities of fiddling with yahoo) and I like torturing myself by going over past disaster scenarios, so thanks for the exercise.
    Jan 24 09:16 AM | 2 Likes Like |Link to Comment
  • Sept. New Home Sales: +6.6% to 307K vs. 299K expected, 288K prior. Months' supply 8.0 vs. 8.6 prior. Median price was $223,800.  [View news story]
    linenoise: When the moon is bright, the other side of it is dark.
    Oct 27 10:11 AM | 2 Likes Like |Link to Comment
  • Consumer Credit Bureaus Need Reform, Too [View article]
    I don't fit the profile of the "perfect borrower" even though, in fact, I am exactly that, and I'm tired of being treated by the financial industry as a slimebucket. It's totally unwarranted and while I don't spend time whining about it (excepting now) it really does feel unfair.

    It's all because of a very flawed system of trying to plug my numbers into risk calculators. Maybe those predict risk accurately most of the time, but the clearly don't, when it comes to me. Until and unless there is reform, I'm on my own - and while no one NEEDS to borrow money from anyone else (or any entity) this system truly gives an advantage to people clearly irresponsible as compared to me. Any bank should be pleased to do business with me but they don't know it, by way of the "scores" spit forth from the credit bureaus. That's what I get for managing my money unconventionally, as compared to the average consumer.
    Sep 25 10:03 AM | 2 Likes Like |Link to Comment
  • Why You Must Never Ever (Ever) Invest In A Leveraged ETN For Much Longer Than A Day [View article]
    I do one better than buying the ETN or ETF. I buy options for them. This has worked well for me on an intraday basis. The results holding them overnight or for multiple days are, shall we say politely - er... mixed. Oh - I do not dabble in the volatilities, though, only the 3x index ones.
    Jul 20 04:51 PM | 1 Like Like |Link to Comment
  • Today In Commodities: Corrections, They Are A-Coming [View article]
    Maybe the corn correction is almost here - it sure did look unusual this afternoon.
    Jul 19 06:11 PM | 1 Like Like |Link to Comment
  • Why You Must Never Ever (Ever) Invest In A Leveraged ETN For Much Longer Than A Day [View article]
    I was wondering the same. Will they just reverse-split it as needed?
    Jul 17 10:10 PM | 1 Like Like |Link to Comment
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