Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Play money bet
Old 11-29-2005, 11:20 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Play money bet

I just made a short term bet with play money - calls on PPD. This is strictly a short term trading bet and I acknowledge it as such. Anyone else do this sort of thing?
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Play money bet
Old 11-29-2005, 12:01 PM   #2
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Re: Play money bet

Not yet. I am making a change in the portfolio but it is boring compared to your move.
__________________

__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Re: Play money bet
Old 11-29-2005, 12:02 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Play money bet

Rest assured, if PPD does what I think it will, I will be selling the calls and whittling down my equity position as well.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Play money bet
Old 11-29-2005, 12:05 PM   #4
Thinks s/he gets paid by the post
wildcat's Avatar
 
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
Re: Play money bet

What kind of premium did you pay on the PPD calls?
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
wildcat is offline   Reply With Quote
Re: Play money bet
Old 11-29-2005, 12:28 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Play money bet

Quote:
Originally Posted by wildcat
What kind of premium did you pay on the PPD calls?
Couple bucks and change. I bought Feb. 45s, 5 contracts. Since I already own a big slug of the stock, I don't particularly want a lot more money tied to it. But I think they are close to getting their bank deal done and will soon announce a large tender offer (could do up to ~25% of the float), a big special dividend (could do ~$8 a share), or some of each. Considering that almost half of the float is short, it could get real ugly real quick for the shorts.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Play money bet
Old 11-29-2005, 06:53 PM   #6
Recycles dryer sheets
whitestick's Avatar
 
Join Date: Apr 2005
Posts: 415
Re: Play money bet

Did some crazy things like sold puts on AX for Jan 4 contracts, but split them at 2 at 65 and 2 at 60. So far I'm in the money, but theres a long timeline between here and then.
__________________

__________________
Mens ability to see the future is limited by their horizons of today!
Unknown!
whitestick is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How much of your nest egg is after-tax money? Rich_by_the_Bay FIRE and Money 51 04-17-2007 09:04 PM
Anyone else fed up of saving money for ER/FI? claire FIRE and Money 63 06-08-2006 11:31 AM
Time vs. Money Mountain_Mike Other topics 40 10-23-2005 09:28 PM
Money market in 401K Bill FIRE and Money 2 05-31-2003 08:15 AM

 

 
All times are GMT -6. The time now is 12:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.