here is couple more resources about aluminum foil hat- http://zapatopi.net/afdb/ http://en.wikipedia.org/wiki/Tin-foil_hat
Bob111, Nice web links... You've got waaaaay too much time on your hands (and don't ask me what I'm doing here :>)
Absolutely true... my cage helps me avoid the Uncertainy Principle while trading... Schrödinger's cat would be proud but still dead... http://en.wikipedia.org/wiki/Schrödinger's_cat cj... __________________ HAVE STOP - WILL TRADE If You Have The Vision We Have The Code
Here's what I do: 47 minutes after I make the first trade I take the opposite position. Gets "them" every time. My profits suck though, but I never lose money.
Well, all I know is that it happened again on Friday. I took a vertical call spread, and yep, positive news came out about an hour or so later on the underlying, and it moved hard against me... Now if I'da had a diagonal.... And August was SO good, I was 7 for 7.... Damn it.
Arnie, just out of curiosity, when you took the position, was it a short call spread and the news hit after hours? If so, I think I know the underlying you were in on.
Well, it's an old nemesis of mine, one that I swore I wouldn't mess with during earnings season, but nooooo... Those darn fat premiums... Funny thing, the news wasn't earnings related, but an acquisition ... is that enough of a hint for you(tube)? By the way, nothing goes straight up, does it? :eek: Sheesh, and they haven't announced their earnings yet......:eek: ! You know, there's a Sicilian thing called "the evil eye". I think someone put one on me....