Tuesday Jan 7 , 2013
Great Morning!
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Happy New Year
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Less than 1 week until Maui 14 – Session #1
Make this year better than last!
Closed down 44.89 at 16,425.10
AAPL closed up $2.95 at 543.93.
POT Heads! Recall that we are long the AAPL risk reversal that is being taught in Maui ’14, and need the stock to close above $560 on Friday.
The VIX was down modestly to close at 13.55.
The ETF closed up 0.43 at 102.60 in anticipation of Yellen’s appointment as the new Fed Chairwoman.
POT Heads!….. Getting close now!.
GLD = 119.50 up 0.21.
SLV = 19.42 unchanged.
If a catastrophe, inflation, or economic downturn happens silver tends to outpace gold. The ratio of gold to silver price is as low as 16 to 1 (historically). Right now it is 62 to 1, so POT people, expect to see a pair trade eventually.
I mentioned right before the end of the year how gold was the 3rd most shorted ETF (GLD)/stock. I mentioned it is hard for it to continue going down with such short interest. Well, it hasn’t, but the day is not over yet. We need a short squeeze higher before too long.
(spot gold = 1,205.50) (spot silver = 19.445)
TSLA closed down 2.56 at 147.00
The stock closed down 0.37 at 14.66
The only number out today is the TRADE BALANCE (an oxymoron) at 8:30am.
Yesterday
I stated yesterday that the mixing of portfolios should mostly be done and that AAPL should run higher.
I was looking like an idiot as AAPL opened and sank down 7. I tired to get long the stock via calls when the stock was down $6 and missed the trade over $0.10. Other than that it was a quiet day.
Today
No numbers are out today worth talking about. We had 2 -3 three days of selling, depending on if you look at the Dow or the S&P. Unless a surprise comes we should move higher today as the selling that started the year was weak, had no follow through, and lacked conviction. In short, a recipe for a move higher.
PLEA
Please tell someone you know that they do not have to be a victim in the government created stock market bubble. I don’t care where they learn to hedge from. Send them somewhere else if you like. Buy them our BASICS book for New Year. It cost less than a movie ticket for you both. Buy them someone else book, but help a friend out.
We reset the account to $100,000 as we do every Jan 1. This is don’t to simulate how certain strategies are reacting to our trades, and to keep track of our progress.
Last week’s POT session we voted on a couple of items.
POT Mini-Class
on Legging into expiration synthetics and butterflies is going to be held February 20 – 21.
POT Schedule (Next classes)
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Catastrophe Planning & When Things Go Wrong
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Legging Into Put Protection Butterflies
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Scott Lights It Up
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Advanced Currencies.
Contract the office at 1- 855 – RWT – 0008 for more details.
January Calendar
Too True To Be Funny
(Never a joke, but always funny)
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Yeah, Al Gore…what happened to Global warming? Every state except Florida and Hawaii is below freezing. And if the ocean was going to climb 20 feet in the next decade, why did you buy a multimillion dollar home on the ocean? And another thing…..
Attorney Stuff
DISCLAIMER (Seriously!)
Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the DailyPlanet newspaper.
We did NOT get any TARP money, so we are not aligned with any politician. We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. There is no guarantee the sun will come up tomorrow. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.
Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Joe Kearnan, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time.
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Our products are written ONLY by floor traders, fund managers and retired floor traders. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. We do NOT sell “special software”, though occasionally we give some out for FREE to our current students. If you enjoy buying software please go to Best Buy. If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.
