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Re: The Next Depression ?
Old 03-13-2006, 06:42 PM   #81
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Re: The Next Depression ?

That sounds really gay.
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Re: The Next Depression ?
Old 03-13-2006, 06:59 PM   #82
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Re: The Next Depression ?

Quote:
No the place that my coworker told me about
I thought you said it was "the host" who told you? Unless you work in a host(ess) bar?

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Re: The Next Depression ?
Old 03-13-2006, 07:05 PM   #83
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Re: The Next Depression ?

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Originally Posted by bpp
I thought you said it was "the host" who told you?* Unless you work in a host(ess) bar?

Bpp
Serious cap on: I was sent to a remote site of our company in Hawaii to help them with some IT issues, thus coworker/host (me being coworker/guest).


Serious cap off: a host(ess) bar? Is that like Tina Turner's "Private Dancer"?
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Re: The Next Depression ?
Old 03-13-2006, 08:09 PM   #84
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Re: The Next Depression ?

Cupcakes and Twinkies... :P
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Re: The Next Depression ?
Old 03-13-2006, 08:38 PM   #85
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Re: The Next Depression ?

Hi Laurence,

A hostess bar is a place where you go in and get your own personal waitress (the hostess) who will pour your drinks for you while telling you what a big, strong, handsome, intelligent and witty guy you are. If you spend enough money and become a regular, you might eventually get laid. Even if you don't, you will still pay an exorbitant amount just for the drinks and conversation. There are also host bars for women who would like to pay to have their egoes stroked by handsome young men.

In your case, I thought it more polite to leave the gender unspecified.

In all seriousness, though, don't worry, your sexuality is unquestioned.
(A gentleman never asks questions.)

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Re: The Next Depression ?
Old 03-13-2006, 08:52 PM   #86
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Re: The Next Depression ?

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Originally Posted by bpp
In your case, I thought it more polite to leave the gender unspecified.
Laurence, does it actually say that on your driver's license? :

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Re: The Next Depression ?
Old 03-14-2006, 06:40 AM   #87
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Re: The Next Depression ?

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Originally Posted by HaHa
After looking at the price and the low volume/poor liquidity in the Jan07 JPM puts, I decided to stick to QQQQ puts as my bear play. Bought some Jan07 37s. I want to be able to hold into Q4-2006. If the QQQQ reaches 37, my collection of various puts should increase >= $10,000 per 1 point drop on the QQQQ.* I have some at the money, some slightly out, and some pretty far out of the money. These low strikes are long term, so if the QQQQ starts down in earnest it will be worth having them. I guess if volatility picks up, I should gain delta on these quicker than I would otherwise expect. If we get down to 34, I am making $25,000 per point on the QQQQ. The QQQ (forerunner of QQQQ) came kissing close to 20 in the fall of 2002,where it halted its long descent from 110 or so during the late great mania. It then turned around. and made it 37 or so by Christmas 2003. Since then it has only managed to add 3 or 4 points, depending on what day you look.

My money says this is one tired dog, and this is the infamous Year 2 of the US Presidential election cycle.

Anyway, if it works for me, I can buy a nice Seattle condo and get the hell off the farm. If it doesn't, turnips anyone?*

Ha

Ha, I assume your decision is made. I'd suggest revisiting the idea in the middle of next week. Goldman, Bear, etc. are reporting earnings this week, so the implied volatility of the puts will be temporarily higher. Should be settled down by next week.
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Re: The Next Depression ?
Old 03-14-2006, 04:58 PM   #88
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Re: The Next Depression ?

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Ha, I assume your decision is made.* I'd suggest revisiting the idea in the middle of next week.* Goldman, Bear, etc. are reporting earnings this week, so the implied volatility of the puts will be temporarily higher.* Should be settled down by next week.
Well, I have already acted. GS reported great earnings this AM.

I'll look next week, but I think I am probably better off messing about with QQQQ. (If anything)*

Ha
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