I did it for doodle
Moderator: Global Moderator
I did it for doodle
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 picked them up for .75.
Maybe my bravado in taking the other side of his trade will help loosen up his thinking a bit.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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".
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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
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.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: I did it for doodle
What puts would you buy?doodle wrote: 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
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
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.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: I did it for doodle
Folks... it's over... MT is now a day-trader. Prepare for few posts while he runs his VTI, GLD, TLT futures contracts scheme.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: I did it for doodle
Nah.moda0306 wrote: Folks... it's over... MT is now a day-trader. Prepare for few posts while he runs his VTI, GLD, TLT futures contracts scheme.
I told you, I did it for doodle.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: I did it for doodle
Nice trade. Have you read the Black Swan yet MT? I just finished it and I bet you would love it.MediumTex wrote: 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.
everything comes from somewhere and everything goes somewhere
Re: I did it for doodle
Oh yeah. When it first came out.melveyr wrote:Nice trade. Have you read the Black Swan yet MT? I just finished it and I bet you would love it.MediumTex wrote: 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.
I've written a lot on how Nassim Taleb's thinking compares to Harry Browne's.
Here is a summary:
Nassim Taleb would stand in the middle of the neighborhood and shout through a bullhorn: "Lightning can strike anywhere at any time. It is impossible to predict when it will happen, but some of your houses will be struck by lightning sooner or later. I just wanted you all to know that."
Meanwhile, Harry Browne is going door to door selling affordably priced lightning rods, with simple easy to understand installation instructions. When asked by residents whether this means that their homes are going to be struck by lightning, Harry Browne responds in a friendly voice: "We live in an unpredictable world. Although it's probably not worth getting too worked up about, installing one of these lightning rods may give you some peace of mind. I have one on my house."
***
In a nutshell, that is, to me, the difference between Nasim Taleb and Harry Browne.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: I did it for doodle
MT,
I'm beginning to wonder whether your analogy-creating machine is as bottomless of a pit as the Japanese debt/GDP ratio.
I'm beginning to wonder whether your analogy-creating machine is as bottomless of a pit as the Japanese debt/GDP ratio.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: I did it for doodle
Haha, that is so true MT.
They both recognize an unpredictable and dangerous world, but offer radically different solutions. I much prefer the HB slow and steady gains compared to Taleb's asymmetric payoffs.
They both recognize an unpredictable and dangerous world, but offer radically different solutions. I much prefer the HB slow and steady gains compared to Taleb's asymmetric payoffs.
everything comes from somewhere and everything goes somewhere
Re: I did it for doodle
Here is how smart I am:
I bought TLT August 97.00 calls last Tuesday (I think) for .75. On Friday I sold them for 1.60, making a nice 113% profit in a few days.
If I had waited until today to sell those calls I would be getting 7.55 for them. That would have been a 10-bagger in 9 days.
Perfect entry point, bungled the sale, left lots of money on the table.
I keep reminding myself, though, that I did it for doodle.
I bought TLT August 97.00 calls last Tuesday (I think) for .75. On Friday I sold them for 1.60, making a nice 113% profit in a few days.
If I had waited until today to sell those calls I would be getting 7.55 for them. That would have been a 10-bagger in 9 days.
Perfect entry point, bungled the sale, left lots of money on the table.
I keep reminding myself, though, that I did it for doodle.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: I did it for doodle
You can subscribe to my investment newsletter.
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'm still kicking myself for not having the guts to buy those August 15th GLD 155 call options for $0.50 a few months back... I would have made about 1000% returns on that one as well... and I was going to put $10K into it... lol...MediumTex wrote: Here is how smart I am:
I bought TLT August 97.00 calls last Tuesday (I think) for .75. On Friday I sold them for 1.60, making a nice 113% profit in a few days.
If I had waited until today to sell those calls I would be getting 7.55 for them. That would have been a 10-bagger in 9 days.
Perfect entry point, bungled the sale, left lots of money on the table.
I keep reminding myself, though, that I did it for doodle.
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
Re: I did it for doodle
Why do I have a feeling that right now would be a good time to "do it again...for doodle?"
"All men's miseries derive from not being able to sit in a quiet room alone."
Pascal
Pascal