Use access key #2 to skip to page content.

Mondays

Recs

7

July 29, 2012 – Comments (8) | RELATED TICKERS: MON , D , A

As a baccarat player one of the things I look for are streaks.  There are many types but should you catch one early just let it ride until you merely lose that last hand.  It seems one smart play is to buy the SPY puts end friday and sell on mondays since mondays have been down 8 weeks in a row now.  After the last 2 days I have to believe this coming monday will continue that streak simply from a profit taking point of view if nothing else.

8 Comments – Post Your Own

#1) On July 29, 2012 at 11:18 PM, portefeuille (99.59) wrote:

Either completely random, or "the market" changing similar to this "from Friday close to Monday close".

-1%, -1%, -1%, -1%, -1%, -1%,, +6%, -1%, -1%, -1%, -1%, -1%, -1%, +4%, -1%, -1%, -1%, -1%, -1%, ...

Thus the "regular weekend losses" are needed to compensate for the "occasional weekend crisis solutions".

In 2008 and early 2009 it may have been the other way around with "regular weekend gains" needed to compensate for the "occasional weekend crisis events".

Probably just random ;)

Report this comment
#2) On July 29, 2012 at 11:22 PM, portefeuille (99.59) wrote:

Are you sure you do not want to put some money into a few biopharma stocks. They have a winning streak ;)

At the very least you should follow me on twitter ;)

http://twitter.com/portefeuillefun.

Report this comment
#3) On July 29, 2012 at 11:23 PM, portefeuille (99.59) wrote:

As a baccarat player

how old are you?

Report this comment
#4) On July 30, 2012 at 12:40 AM, awallejr (83.83) wrote:

how old are you?

Ask me no questions I will tell you no lies heheh.

Biopharma stocks can be great hits, but it is an area I know little about.  The only one I have played was cvm.  Made a few bucks off it in the past and hoping to make more.

Report this comment
#5) On July 30, 2012 at 12:55 AM, Momentum21 (93.26) wrote:

you don't need to know anything about biotech/biopharma...jump on the IBB and "Let it Ride"... : ) You are guaranteed to do better than playing Friday to Monday trends. I used to do "streaks" in college in Atlantic City...had to phone home for more $ 

 

 

Report this comment
#6) On July 30, 2012 at 10:40 AM, anchak (99.85) wrote:

Honestly I think this is one of the most dangerous strategies - I have come across recently.

One thing for certain you will have - is the time decay over the weekend - which by definition puts your breakeven out by a few clicks

If you buy Time ie out-month puts -  then your delta is low to begin with - so your reward expectation is low - and you have high risk.

 

If you but either weekly or Front-month - any up move just killed your capital.

 

I agree with Momentum - follow Porte - if you want individual stocks in bio - he is a class analyst in that space - but I prefer IBB and BBH 

Report this comment
#7) On July 30, 2012 at 11:50 AM, Valyooo (99.42) wrote:

So far nice

Report this comment
#8) On July 30, 2012 at 9:14 PM, awallejr (83.83) wrote:

Oh I don't twitter or do FB.  When I did try to set up a FB account I got a ton of emails by "escort service" types (Candi, Sunshine, etc) wanting to be my friend.

Report this comment

Featured Broker Partners


Advertisement