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What are you buying today?


LowIQinvestor

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I don`t know if this was a great idea, but i just bought a lottery ticket. I bought BP 52$ Calls for 0.04 that end on friday next week. When BP rises by 8-10% this is a 100 bagger which is possible when it breaks out through its february top next week. Slowly my old demons are coming through again, but i found this a good risk/reward scenario.

Anybody out there who likes to punch me in the face for throwing my money away gambling?

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I don`t know if this was a great idea, but i just bought a lottery ticket. I bought BP 52$ Calls for 0.04 that end on friday next week. When BP rises by 8-10% this is a 100 bagger which is possible when it breaks out through its february top next week. Slowly my old demons are coming through again, but i found this a good risk/reward scenario.

Anybody out there who likes to punch me in the face for throwing my money away gambling?

 

The NYSE is the world's largest casino, we're all gambling in a roughly zero-sum game, but which in the long run can put the aggregate gamblers ahead by a small 5-10% per year.

 

 

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I don`t know if this was a great idea, but i just bought a lottery ticket. I bought BP 52$ Calls for 0.04 that end on friday next week. When BP rises by 8-10% this is a 100 bagger which is possible when it breaks out through its february top next week. Slowly my old demons are coming through again, but i found this a good risk/reward scenario.

Anybody out there who likes to punch me in the face for throwing my money away gambling?

 

What was your position size as a percentage of your portfolio?

 

I'm usually not a fan of short term trades, since I tend to over size all of my positions. I'm no technical analyst, but at least it looks like the stock is in something of an uptrend...

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0.1%, its just a gamble with good odds. But i forgot to look at dividend paydates, wednesday is the ex-div date. The last time i did these kind of things was 3 years ago, but i was not very successful doing only this. (Because i was too greedy, let my profits run away and overtrading.)

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Guest wellmont

I think it's just re-positioning. there is a lot of liquidation in hedge fund / r2k names going on.

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