o7's Penny Stock and Stock Options plays!

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Props Slaps
 8 years ago '08        #2321
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
 fr33 said:
Thats sweeet man..crazzy!! I wish I was raking in dough like that. Oh well I guess we all gotta start somewhere. If you dont mind, what do you think of this play im thinking of playing tommorw?

I'm thinking of picking up June put contracts for USO. I think an ideal purchase point is at the ask of 1.41 and at money strike of 33. This stock seems to have formed a bearish pattern, and looks like its got more of a drop coming up


thanks man apperciate it greatly
I think it's a little too late to play USO puts. My price target for Oil was high $60's to low $70's a barrel. Oil fell below $70 for a bit and bounced back up to like $72 if I remember correctly.

Even though it's back down now, I think you would be better off buying USO calls if you wanted to play oil. If Oil does keep falling ...it may fall to $65 a barrel. I think that would be the bottom. But I honestly think there's more upside to it than downside.

With that said, I wouldn't even play USO period unless you're day trading it. If you plan on holding for a weeks, I'd wait til there's a more clear direction for oil prices.
 8 years ago '08        #2322
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
Just bought $1,090 SPX May puts at $10.50
 8 years ago '08        #2323
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
 o7media said:
Just bought $1,090 SPX May puts at $10.50
Beautiful!!

Already up $900 on these ...still holding
 8 years ago '08        #2324
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
 o7media said:
Just bought $1,090 SPX May puts at $10.50
out at $17 !!!!!!!!!!!!!!!!!!! :dancingcool::dancingcool::dancingcool:

Made $3,871 today!!

I met my $6,000 target for the week....

I'm up $7,321 for the week after fees :cool-smiley-009::cool-smiley-009:
 8 years ago '04        #2325
TheMagicMan|M 2 heat pts
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$13,619 | Props total: 4 4
I'm EXTREMELY new at options trading and learning from my friend who works at GS. Its been interesting watching this thread and seeing how successful some of you are.

Thanks and props all around
 8 years ago '08        #2326
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
just picked up another SPX put. In 1,065 at $6.40
 8 years ago '08        #2327
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
 o7media said:
just picked up another SPX put. In 1,065 at $6.40
out at $7.50 :dancingcool::dancingcool:

great day!

total gain for today now $3,951
 8 years ago '08        #2328
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
 TheMagicMan said:
I'm EXTREMELY new at options trading and learning from my friend who works at GS. Its been interesting watching this thread and seeing how successful some of you are.

Thanks and props all around
That's whats up. Let us know when you start investing. Do you just trade stocks right now?
 8 years ago '04        #2329
TheMagicMan|M 2 heat pts
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$13,619 | Props total: 4 4
 o7media said:
That's whats up. Let us know when you start investing. Do you just trade stocks right now?
Yeah, just stocks right now and as of last year, I made a good amount of money off of ETF's when the market picked back up.

I graduated college about 3 years ago. Now that my loans are paid off and I'm over 6 figures annually, I'm finally ready to learn about serious investing. I'll be watching this thread and hopefully adding some input in the near future.
 8 years ago '08        #2330
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
 TheMagicMan said:
Yeah, just stocks right now and as of last year, I made a good amount of money off of ETF's when the market picked back up.

I graduated college about 3 years ago. Now that my loans are paid off and I'm over 6 figures annually, I'm finally ready to learn about serious investing. I'll be watching this thread and hopefully adding some input in the near future.
Cool. Yeah ETF's are great. I've made quite a bit playing those as well.

IMO Index options and ETF's are the best. After that are stock options. Unless you have a lot of money to invest, investing in big board stocks are useless IMO. Penny stocks are better than that.
 8 years ago '05        #2331
kkkid 177 heat pts177
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$3,711 | Props total: 749 749
i think were gonna see that 9840 maybe as soon as next week. The reason i believe is this who is buying stocks right now? The reason why people invest in stocks is because they want a greater return then bonds/gic's/tbills etc and right now i believe that most people will just go to these guaranteed returns versus this really horrible market. Investors will need some a.ssurance out of europe & asia to come back into the market and who knows when this could be. Were now in a market were diversified means that you have both the upside & the shortside covered not just different sectors.
 8 years ago '08        #2332
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
If we CLOSE below 1,102 on the S&P today we're gonna fall much lower.

First stop after this is 1,050 on the S&P.

And it definitely looks like we will close below it. But if some how we manage to make it above it on a bull rally into the close...well then the same choppy movements should continue.
 8 years ago '05        #2333
Bx_Bomberz 183 heat pts183
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$19,359 | Props total: 12383 12383
i kno im a page late but id like to say im up around 2grand this week basically on o7s picks... (daytrading bonz between .015 and .03 ftw)
 8 years ago '08        #2334
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
 Bx_bomberz said:
i kno im a page late but id like to say im up around 2grand this week basically on o7s picks... (daytrading bonz between .015 and .03 ftw)
That is great man, congrats!
 8 years ago '08        #2335
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
OOAG is a beast!!! Made a high of .019 today!!

I alerted them at .0024 last month. It's up 790% since then!!!!!
 05-20-2010, 12:31 PM         #2336
steelmagnum 
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hey, i realize there are continuing woes about the eurozone, and that Asian regions are not lookin so hot in the moment as well. however, are today's heightening jobless claims just in europe, or also in the US as well?
 8 years ago '08        #2337
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
wow nice eod sell off. let the blood shed continue tomorrow!
 8 years ago '05        #2338
kkkid 177 heat pts177
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$3,711 | Props total: 749 749
10,000 is awfully close now.
 8 years ago '08        #2339
o7media 47 heat pts47 OP
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$30,212 | Props total: 8638 8638
Potential dead cat bounce for tomorrow. I'll post the chart later with some more details....
 8 years ago '05        #2340
kkkid 177 heat pts177
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$3,711 | Props total: 749 749
wheres philly at?
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