Stocks

Riot · #1 07-01-2010, 09:52 PM

Buffet: high-speed domestic rail lines coming soon

dellinger63 · #2 07-01-2010, 09:58 PM

Quote:

Originally Posted by Riot

Buffet: high-speed domestic rail lines coming soon

freight lines?

Riot · #3 07-01-2010, 10:00 PM

Quote:

Originally Posted by dellinger63

freight lines?

Passenger, an entire network.

dellinger63 · #4 07-01-2010, 10:10 PM

Quote:

Originally Posted by Riot

Passenger, an entire network.

Wow I missed this. as long as he finances it good for him. If the government has a part, I guess we'll just stay bent over.

Riot · #5 07-01-2010, 10:15 PM

Obama has been talking about it for a couple of years - job creation, energy, infrastructure? America far behind other countries on this? Hate to tell you, but Buffett has said he thinks Obama is the right one in the White House.

dellinger63 · #6 07-01-2010, 10:20 PM

Quote:

Originally Posted by Riot

Obama has been talking about it for a couple of years - job creation, energy, infrastructure? America far behind other countries on this? Hate to tell you, but Buffett has said he thinks Obama is the right one in the White House.

Did Buffet buy Amtrack?

Riot · #7 07-01-2010, 10:27 PM

Quote:

Originally Posted by dellinger63

Did Buffet buy Amtrack?

No, he bought Burlington to transport coal for power plants. But that also positions him well for the future passenger.

Cannon Shell · #8 07-01-2010, 11:38 PM

Quote:

Originally Posted by Riot

Buffet: high-speed domestic rail lines coming soon

not in his lifetime

Smooth Operator · #9 07-02-2010, 10:58 AM

"It's an all-in wager on the economic future of the United States," Buffett said in a statement announcing the deal Tuesday. "I love these bets."

http://articles.latimes.com/2009/nov...ss/fi-buffett4

No guarantees in this business … but this guy's opinion is more than good enough for me.

Will be buying more shares at the regular two-week interval next Friday...

Rupert Pupkin · #10 07-02-2010, 02:32 PM

I couldn't take it any more. I finally bought some puts. This is a sure sign of a short-term bottom.

MaTH716 · #11 07-02-2010, 02:33 PM

Quote:

Originally Posted by Rupert Pupkin

I couldn't take it any more. I finally bought some puts. This is a sure sign of a short-term bottom.

Which ones and what line?

Rupert Pupkin · #12 07-02-2010, 02:52 PM

Quote:

Originally Posted by MaTH716

Which ones and what line?

I bought some Spyder puts. I bought the SPY December 75 puts for $2.16. If the Dow goes down to 5,000 by December, which I think it may, these puts will be around $25.00.

I also bought a few July SPY puts. I bought the 99 puts for $1.28. Even though we could have a rally right now, there is also a chance that we could go into a sure-term free-fall. There are some technical indicators that show the Dow could drop to as low as 8200 short-term. If that happens, those puts will go to about $11 or $12.

I'm sure we will get a rally. I haven't been able to do anything right in the market the last couple of years. Whatever I do, you should do the opposite.

MaTH716 · #13 07-02-2010, 03:17 PM

Quote:

Originally Posted by Rupert Pupkin

I bought some Spyder puts. I bought the SPY December 75 puts for $2.16. If the Dow goes down to 5,000 by December, which I think it may, these puts will be around $25.00.

I also bought a few July SPY puts. I bought the 99 puts for $1.28. Even though we could have a rally right now, there is also a chance that we could go into a sure-term free-fall. There are some technical indicators that show the Dow could drop to as low as 8200 short-term. If that happens, those puts will go to about $11 or $12.

I'm sure we will get a rally. I haven't been able to do anything right in the market the last couple of years. Whatever I do, you should do the opposite.

Rupert, Do you know that they now offer weekly contracts as well?

The problem with the Dec puts are that they are 27 pts out of the money. So you are going to need another major sell off for these things to go up. Volitility most likely exploded this week with the market getting creamed, so the puts are skewed to the high side causing you to pay up. But that goes for any kind of strategy you would have put on (spreads, straddles, combos etc....)
I like the July's better. Only a couple of points out of the money and could become good with another dip.
I always hear that you should never buy out of the money options. But reguardless and good luck with your positions. I also think we are going lower, but unfortunately I am also a conspiricy theorist and think Washington will just cook up some good numbers to stop any kind of temporary spirals.

stonegossard · #14 07-05-2010, 05:38 PM

Quote:

Originally Posted by Rupert Pupkin

I bought some Spyder puts. I bought the SPY December 75 puts for $2.16. If the Dow goes down to 5,000 by December, which I think it may, these puts will be around $25.00.

I also bought a few July SPY puts. I bought the 99 puts for $1.28. Even though we could have a rally right now, there is also a chance that we could go into a sure-term free-fall. There are some technical indicators that show the Dow could drop to as low as 8200 short-term. If that happens, those puts will go to about $11 or $12.

I'm sure we will get a rally. I haven't been able to do anything right in the market the last couple of years. Whatever I do, you should do the opposite.

Smart buy in the SPY puts. Friday's close was real bad. A lot of technical levels have been cracked at the end of the quarter. A lot of people thought that 1040 in the SP cash was big support. Smashed right through it. I think it comes down to what the bank stocks do, and they all seem to be ready to go into freefall. GS,BAC, and JPM are all breaking key support which could lead to disaster for the market. You also have Smooth Operator extremely bullish which should keep this sell off going strong. I think Morty is bearish as well which has to be good for the bears.