doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.
I picked them up for .75.
Maybe my bravado in taking the other side of his trade will help loosen up his thinking a bit.
I did it for doodle
Moderator: Global Moderator
I did it for doodle
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
-Dwight Eisenhower
Re: I did it for doodle
Impressive! Note that you lose "bravado points" if you hedge it with leather chaps and sawed-off shotgun futures.
Re: I did it for doodle
It's the truth.TennPaGa wrote: I really like the phrase "I did it for doodle".
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
-Dwight Eisenhower
Re: I did it for doodle
I sincerely hope that is profitable for you. Actually I think that is a pretty smart short term debt ceiling trade. Longer term I still think you would be better off with some puts.I hope I haven't become a contrarian indicator
All of humanity's problems stem from man's inability to sit quietly in a room alone. - Blaise Pascal
Re: I did it for doodle
Excellent lecture from Richard Koo on why we have contracted Japan's economic disease — a 'Balance Sheet Recession'...
http://youtube.com/watch?v=OWGDWYB5KZ0
(Hint: Flip the resolution to 720p or higher to see the slides clearly)
You can also flip through the slides here.
Some striking similarities between our two countries.
http://youtube.com/watch?v=OWGDWYB5KZ0
(Hint: Flip the resolution to 720p or higher to see the slides clearly)
You can also flip through the slides here.
Some striking similarities between our two countries.
Last edited by Gumby on Tue Jul 26, 2011 9:40 pm, edited 1 time in total.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.
Re: I did it for doodle
Richard Koo is always thought provoking, though he never quite gets to the part where any of the sovereign debt is paid back.
Maybe that's the point--in his world tomorrow never comes; it's always an abstractin kept at bay by ever more elaborate central bank maneuvers.
Maybe that's the point--in his world tomorrow never comes; it's always an abstractin kept at bay by ever more elaborate central bank maneuvers.
Last edited by MediumTex on Tue Jul 26, 2011 9:49 pm, edited 1 time in total.
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
-Dwight Eisenhower
Re: I did it for doodle
What puts would you buy?doodle wrote:
I hope I haven't become a contrarian indicator
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
-Dwight Eisenhower
Re: I did it for doodle
Puts on good ideas and clear thinking. I'm buying calls on more stupidity.
All of humanity's problems stem from man's inability to sit quietly in a room alone. - Blaise Pascal
Re: I did it for doodle
I love it.MediumTex wrote: doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.
I picked them up for .75.
Maybe my bravado in taking the other side of his trade will help loosen up his thinking a bit.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: I did it for doodle
Why $97?MediumTex wrote: doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal
Re: I did it for doodle
I just liked the risk/reward of that trade.Adam1226 wrote:Why $97?MediumTex wrote: doodle's Chicken Little act finally got to me and I went out and bought some TLT August 97 calls.
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
-Dwight Eisenhower
Re: I did it for doodle
I just sold my TLT August 97 calls for 1.60.
That's a 113% gain in three days. Probably the best trade I've ever made.
I did it for doodle.
That's a 113% gain in three days. Probably the best trade I've ever made.
I did it for doodle.
Only strength can cooperate. Weakness can only beg.
-Dwight Eisenhower
-Dwight Eisenhower