Today is a monumental day for The Cajun as he rode his first stock all the way to zero. So with that in mind, I bought a few more cows, stocked up on more water, and took Alpha up on the special he had– and bought a few more guns.
Just a few minutes ago I received a phone call from Art Cashin asking me if he could join me down here in Lafayette, I told him sure, but make sure to bring more guns.
You see, I need lots of protection, as I am hording all the items necessary to live. It won’t be long before a few bankers try to make a run for my cattle.
In other news, I did good, but not great, by selling most of my positions on Friday. AAPL is a pain in my side, but I refuse to sell. My thinking is this, “Hey, I rode one stock to the ground, why not ride another?”
WB hurts, but if you recall I made a double in the name last week when I rode it from 9 and change to $20. So I’m Just repaying mother market for the gifts she gave me (I hate that bitch).
In summary, not much on my end, just enjoying a beautiful sunny day with my cows.
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Gold up, FCX, HL, and others murdered… wtf
Derr — Patience.
Begin buying here. Stick with the good names. GG, SLW, RGLD, AEM.
Caje — howabout that SEC?
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How long do you think this asshattery will last? I took a flyer on your strangle idea on Friday and I’m thinking of pocketing my profits at the close today.
take the profits.
long NOV @ 44.60 and holding on to my leftover calls in UYG from strangle (took profits in puts, see previous thread).
So Iām Just repaying mother market for the gifts she gave me (I hate that bitch).
im suffering from the same.
I can’t get in NOV looking at the chart.
However, It is about to bounce off 200 day on the weekly.
I did buy some VMW at ~$24 and AAPL ~$113 š
Damn I can’t edit, AAPL $103.26
Is it worth buying a few thousand shares of WB right here?
Guys, I’ll tell you why FCX has been getting moose-fucked. Freeport McMoran Gold and Copper is a misnomer. The company derives 10% of its revenues from gold and 90% from copper. Hence, you guys are buying the global growth story buy being long FCX. If you want to be long gold, keep it simple and go with GLD.
-Phil
added the put leg back to the UYG strangle.
Epic stuff right here.
Take a break. The market will be waiting for you tomorrow (maybe).
Hey RC,
You were spot on with your strangle on the volatility play. Maybe it didn’t happen first thing in the morning, but 700 pts down should be enough for a profitable trade.