BPL pays a 12% dividend

[mrmarket]

Oil moves through their pipelines...unless we start walking instead of driving or start freezing instead of heating our homes, they will remain profitable. Gotta move oil through the pipeline.

Wow...12% dividend...I am all over that!

[New-born baby]

Oil moves through their pipelines...unless we start walking instead of driving or start freezing instead of heating our homes, they will remain profitable. Gotta move oil through the pipeline.

Wow...12% dividend...I am all over that!

HTE has a 35% divy; PWE has a 25% divy. Forget the chump change at 12%!

[mrmarket]

Up 25% today..not a bad one day play. You sees?

[Karel]

<grumbling old man mode>Are there any bad plays today? And I was just getting used to all these catastrophic down days too...</grumbling old man mode>

Regards,

Karel

[New-born baby]

Bad?! BAD?? Karel, I can show you bad!

Some one sent me an email before the open. It seems a person bought 3k puts on GM at $5 strike, and 3k calls at the same $5 strike for this Friday expiry. Spent $573,000 for the priviledge. Let's see, GM closed today at $6.51, although the high was $8.03. At the cost of the options, it's still a losing trade. And the stock is utterly worthless. Debt upon debt upon debt. Lost $1 Billion on the Saturn EV1, 14 years ago. And now the Chevy Volt--while they are closing plants, they are building a new one to build this boondoggle. GM expects to be out of cash by January, and they are spending the dough to get this impractical thing (has a range of 40 miles!) ready for 2010 launch. At $50,000 each they figure on losing money. (Now who in their right mind would pay $50k for a vehicle with a 40 miles range?) Face it, envirnonmental whackos, even with $4 gasoline, electrical vehicles still can't compete with the internal combustion engine. The technology is just not there.

And what happens now that oil is headed to $60--or even a return to the 2002 $20/bbl price???

[IIC]

Up 25% today..not a bad one day play. You sees?


I knew you'd eventually become a day trader...LOL

[Karel]

Bad?! BAD?? Karel, I can show you bad!

Some one sent me an email before the open. It seems a person bought 3k puts on GM at $5 strike, and 3k calls at the same $5 strike for this Friday expiry. Spent $573,000 for the priviledge. Let's see, GM closed today at $6.51, although the high was $8.03. At the cost of the options, it's still a losing trade. And the stock is utterly worthless. Debt upon debt upon debt. Lost $1 Billion on the Saturn EV1, 14 years ago. And now the Chevy Volt--while they are closing plants, they are building a new one to build this boondoggle. GM expects to be out of cash by January, and they are spending the dough to get this impractical thing (has a range of 40 miles!) ready for 2010 launch. At $50,000 each they figure on losing money. (Now who in their right mind would pay $50k for a vehicle with a 40 miles range?) Face it, envirnonmental whackos, even with $4 gasoline, electrical vehicles still can't compete with the internal combustion engine. The technology is just not there.

And what happens now that oil is headed to $60--or even a return to the 2002 $20/bbl price???
Hi NBB,

well, I was in grumpy old man mode, so don't take me too seriously. Actually one stock in my portfolio lost money yesterday: OFG.

I have a question about the options. Doesn't that person gamble on a price for GM outside the $5.10-$6.90 range? And couldn't s/he have made money already (sold 300K GM @ $8+, to the tune of $2.4+M, for just over $2M expense)?

And no, I don't like a company selling poducts for a loss. But the 40 miles range is on grid power alone; the Volt is a hybrid.

And I really don't know about oil, but even if we see $20 oil, it won't stay there. It isn't just about proven reserves, but also about output. As long as demand rises (and it still does), oil will become more and more scarce.

Regards,

Karel

[New-born baby]

Hi NBB,

well, I was in grumpy old man mode, so don't take me too seriously. Actually one stock in my portfolio lost money yesterday: OFG.

I have a question about the options. Doesn't that person gamble on a price for GM outside the $5.10-$6.90 range? And couldn't s/he have made money already (sold 300K GM @ $8+, to the tune of $2.4+M, for just over $2M expense)?

And no, I don't like a company selling poducts for a loss. But the 40 miles range is on grid power alone; the Volt is a hybrid.

And I really don't know about oil, but even if we see $20 oil, it won't stay there. It isn't just about proven reserves, but also about output. As long as demand rises (and it still does), oil will become more and more scarce.

Regards,

Karel
The buyer of the GM options could have moved quickly and made money by dumping the puts at the open (and thereby cutting his losses) and at the $8 spike, sold the calls. I don't know what he has/has not done with his position since.

If you look at GM's chart, it has been black candles for the last three days, ie, initial optimism has been crushed by selling. This play is not a winner via buy and hold style of trading.

In USA, $50K for a 40 mile commuter car is impractical. A Chevy Aveo, which gets 40 mpg, is sold new for $9,999. Buy 5 of 'em!

OFG: chart says $8 is coming back in style. Perhaps you might consider an options play to profit from OFG's upcoming drop, and help keep you in a good mood. :) (I didn't really think you were in a bad one).

[mrmarket]

Come on..I'm up 42% on this one...how about some props?

[mrmarket]

up 66% since I made this call...just sayin.

[billyjoe]

You're still huge, Mr.Market, but the stocks are smaller.

----------------billy

[Lyehopper]

Nice call Mr Market!.... Give us some more.

[New-born baby]

Yes indeed! Give us some more.

[mrmarket]

That's over a 40% gain...you? you?? YOU???

[New-born baby]

That's over a 40% gain...you? you?? YOU???

That's Great!!!