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Mike and Clay Discuss the Market
Clay gets his 'walkin around money' to buy Spyder gas from buying and selling stock. He has done quite well for himself because he has a workable plan that he follows and it rewards him for sticking to it.
I am an option trader. Same stocks, but I do it differently.
Clay sent me this. Thought you might enjoy these updated financial terms....
Due to today's rapidly changing stock market and the financial conditions in industry, the following terms have had to be revised for investors in order to more clearly reflect today's economic market place:
CEO -- chief embezzlement officer.
CFO -- corporate fraud officer.
BULL MARKET -- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET -- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
VALUE INVESTING -- The art of buying low and selling lower.
P/E RATIO -- The percentage of investors wetting their pants as the market keeps crashing.
BROKER -- What my broker has made me.
STANDARD & POOR -- Your life in a nutshell.
STOCK ANALYST -- Idiot who just downgraded your stock.
STOCK SPLIT -- When your ex-wife and her lawyer split your assets equally between themselves.
FINANCIAL PLANNER -- A guy whose phone has been disconnected.
MARKET CORRECTION -- The day after you buy stocks.
CASH FLOW -- The movement your money makes as it disappears down the toilet.
YAHOO -- What you yell after selling it to some poor sucker for $240 per share.
WINDOWS 2000 -- What you jump out of when you're the sucker who bought Yahoo @ $240 per share.
INSTITUTIONAL INVESTOR -- Past year investor who's now locked up in a nuthouse or behind bars!
PROFIT -- an archaic word no longer in use.
In fact, Judy and I attended an Optionetics seminar a few days ago where we learned some things you may benefit from, if you do any kind of investing.
To set the parameters, let us think about our trucks. Men are genetically pre-disposed to needing tools for the job, the more and the better the tools, the better. The right tools allow the job to be accomplished faster, more accurately and so, with a higher rate of return on time, energy and money used on that job.
Same is true in the world of investing. We need the best tools possible to lower the risk of a losing investment. I will address just one tool, which utilizes the methods used by a number of the top people in the world of investing such as, Warren Buffet, Martin Zweig, Kennith Fisher, Peter Lynch, James O'Shaughnessy, David Dreman, Benjamin Graham and Tom Gentile.
If you could use the methods Buffet uses to select the companies he buys you would have a leg up on the guy who reads something in the paper, gets a tip from 'the money honey' or from a friend. Nobody in their right mind should use the recommendation of any professional who is not being paid as a 'Fee Only' advisor, not an insurance agent or broker for any company with product to sell.
So, if we could use the methods of half a dozen of the very best in the business we would have concensus that what came up would be a good investment.
We didn't have the $4,000 for the software, but we were given benefit of it, by one of the top Option Traders, Tom Gentile.
Here it is;
Apple Computer. Buy for the next 90 days.
Three excellent trades, for those who can play downward stocks,
DIA (use a Bull Put Spread)
SPY (use a Bull Put Spread)
RUT (use a Bull Put Spread)
Plan being out in January.
You're welcome.
Your Broker can explain, since you'll need to consult to trade.
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I use and talk about, but don't sell Amsoil.
Who is shatto?
06 4.7 Tundra replaced a 98 Dakota 3.9.
623,000 miles on original engine and transmission, using Amsoil by-pass filters and lubrication.
+Everybody knows something you don't know.
+Artists prove truth can be in forms you don't understand.
Low-Risk Option Trader
Retired Pro-Hunter featured in; 'African Hunter', by James R. Mellon III. and listed in; Rowland Ward's Records of Big Game.
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