Jeff,

Have you seen this Metallica video? Metallica at the Monsters of Rock concert in Russia (1991) with 1,000,000 crazy Russian fans performing Enter the Sandman. The energy level is amazing!

http://www.youtube.com/watch?v=1QP-SIW6iKY

BTW, does anyone have any recommendations on Currency Trading or Futures Trading books akin to Natenberg's or McMillan's (meaning, industry standards)???

thanks!
SausalitoMike

Krystal,I have only had this occur due to stops that I entered incorrectly or forgot a contingent stop (did that twice) after I closed the position. TOS will not trade for you but they can tell you what you did to get this nice return.

Bob (and Pam) and Barbara, I just went and looked at the order history in my paper money account and there's an order to sell 10 NILE call, not buy, but sell. And it was filled on 10/12.

So, okay, I haven't had advanced options, but obviously selling calls is a bearish strategy. All you advanced OA's out there, is this the same as a naked call?

So much to learn...

Jeff

You totally had me on Willie Nelson, but I'm onto you now :)
Oh and of course Metallica had shares in BIIB. They would be crazy not to follow the Option Addict.

Okay, now I'm mad. Those Inspector Gadget people or whoever the heck they are are number one in the vote. How can that be... I mean, they only have 3 comments listed and we have over 30?!?!?! Apparently, nobody likes that site enough to even comment. UGH! They're goin down...

I'm going to set up some more email addresses today, dag nabbit! (As you all can probably tell, I don't use profanity!)

Rock the vote...!

:)

Krystal,

Yes, you had a naked call. This means you sold a call position on the open market without owning the underlying security. This strategy is sometimes referred to as a "short call".

Barbara

STI is finally breaking out of it's desc triangle. Looks like a 7.50 target.

Barbara, I still have it open (after all, it's in my paper money account). So I'll leave it open and use it for what it's meant for...to learn some lessons!

Thanks a bunch! :)

Jeff, OA's,

So, I Started a blog to journal my trades and have basically just talked about history so far to give a background on how I have worked my way through to this date.

The latest post talks about Jeff and all of you, thought you may enjoy.

just a little more thanks to Jeff and all of you. :-)

http://tradeconfession.blogspot.com/2007/10/by-grace-of-kohler.html

Ben

************ NEWS FLASH **************

The FDA today announced that BOZO was trying to squeeze through brushing teeth and shaving at the same time. Although testing has not been definitive on Male Models, there are times that using electric razors can be mixed with brushing teeth without loss of life, or even excessive amounts of blood.

Do not try this at home. Results can be unusual... and may require weeks to recover from.

Raimo,

Now that it appears you have climbed down from the tree, Michelle asked you a question last Friday, and a I am curious as to your answer too :)

I would like to share my tremendous joy over BIIB...closed out my position this morning, my biggest single return yet, thanks for throwing it on the watchlist Mr. Kohler.
Does anyone have thoughts on AMZN today? Looks like a good set up to me.
On another note...I have tried voting for the blog multiple times, set up an account, haven't gotten a email confirmation yet so that I can vote. You have my vote Jeff, just wish I could get it to ya!
To all...this is funny...WATCH!
http://youtube.com/watch?v=LFxU_3i9rEg

Does anyone see a tripple bottom on PFCB if you look at the 5 year cahrt and 10 year chart there is strong support there.

What do you guys think?

Also ARW is acting good

Jodi,

I do not use hard stops at all, even when away. The last time I used them when I went away was 2/27. I had left the day before, put in stops to "protect" myself, then off to Canada for a week. I came to MAJOR losses...everything had gapped down, my loss was tremendous...devastating actually. I no longer use them. I rely on the charts. I rely on getting in at a great entry (REE). So no, I don't use them. I do carry my brokers phone number with me, and I have a trading partner who I trust that will alert me to something I need to pay attention to. Even when in a tree, I am in touch....

As far as last thursday, I treat it just like today. So what. Who cares. I trade the chart, what I see. I see a much needed pullback in the markets overall, and my puts are balancing out my calls. My trades are doing what they are supposed to do. I also am gearing up for some great entries on plays that I have been waiting to get in on, but no REE available for me....now they are getting within reach...

Congratulations Jeff!!! Hail to Master of Puppets!!! SFM

Ryan,

No doubt your Blogger's Choice Awards confirmation is in the junk mail box. Go find it!

--Patti

PG

Has this been on anyone's radar the last little while? It's been balistic and is taking a bit of a breather today...

Have a look.

Brett, Raimo, OA's,

Is it possible to see a pattern forming on an index such as the DOW? Like a saucer, H&S, triangle, etc? And if so, do they "work" the same as if they had formed just on a stock?

Brett,

Do you still have those IWM & DIA puts?

David S.,
I don't see a triple bottom on PFCB at all. That should occur at the bottom of a downtrend. If you look at the 5 and 10 year charts, I see a topping pattern (complex head and shoulders possibly) with support at approx. 30.