Cramers Take on AIG

Jim said this on Oct 15th...

Jim Cramer's 'Stop Trading!': Avoid AIG

"We are so on the hook to AIG," said Jim Cramer on Wednesday's "Stop Trading!" segment on CNBC. "That will prove to be an unbelievable black hole that will last forever. I don't know what was worse -- taking them over, or letting Lehman fail."

As for buying AIG shares, Cramer was confident. "In no uncertain terms, that will never pay off," he said. He said he was seeing opportunities in the market as we pull back, but "AIG is not one of them."


Well Jim only time will tell whether this was a good buy or not....we'll see!

New trades

Hey its been a while since I have made an entry. I have some trades I have over the past months. But just recently I have bought several 100 shares of C and AIG. With all the news and bashing of pretty much all stocks these two stood out to me. These two will survive and bounce back. The countries larges insurer and one of the last standing large banks will not be going under. So jump in if you dare before they go up to much and you so say I wish I had....

till next time

**p.s - trade or invest at your own risk, if you do decide to trade or invest you should do so only with money you can afford to lose**

Update 3-18-08

It's been a while since I've posted. These first few months in 08 have been horrible!!! I have lost a total of 28K!! Yup that's right, 28 F-ing K...most of which took place in Jan. I had a nice gain in one trade but I was in NYC on that particular Friday and when I came back to sell on Monday it had taken the elevator straight down on the open!


But hey, every success story I have ever heard started off with "I lost it all".

So I guess I am on the right track to the millionaires club.

Jan '08' trades so far....

Its been a while since my last post. It been really crazy lately. I have made about 8 trades maybe, a few winners and a few losers. I am currently "trapped" in a 2 losers now which have me down about 9k. This really upsets me, I have been thinking of quiting all together. It is so F-ing frustrating when a stock gets murdered just cause some idiot comes out and says something stupid (the fed). I feel that AAPL and MA (and me) are being wrongfully taken to the wood shed.

MasterCard Inc (MA) 12-21-07 Trade

MA has been very volatile lately. It makes for some nice potential gains. I bought the same DEC call today as I did yesterday. I bought around 10:30 and sold a few minutes later for a 100% gain.

MasterCard Inc (MA) 12-20-07 Trade

I bought some 210 DEC calls on the dip around 10:30. I sold them a few minutes later. I then bought them back at the end of the day nad sold them a few minutes later for a total of a 32% profit.

Apple Inc. (AAPL) 12-07-07 Trade

AAPL is near its all time high. I felt a pull back, so this morning I bought some DEC 190 PUTS. I sold them about 15 minutes later for a 7% profit. This went as I thought it would. Down on the open, then bounce by 10:30ish. It bounced around 10...and now at 3:15 it is WAY UP past it's all time high!!!

Apple Inc. (AAPL) 12-4-07 Trade

Post I missed...I bought some DEC 180 PUTS on 12-4. I thought it would take a bigger breather than it did. It didn't, it went up. I got out of this trade for a loss of 27%. What I should have done, (but wasn't thinking clearly (cause I just made over 5k on the last trade) was, buy these PUTS on the 30th and road it down for 2 days. #$!%

Apple Inc. (AAPL) 11-22-07 Trade

Forgot to post this one...I bought some DEC 180 calls on the 21st or 22nd. I doubled up when my options took a 1.00 dip. I set my target price for 100%, well today 11-29 it hit my target. So I sold half, then let the other half run. I sold the other half today too, .60 cents above when I sold the first half. I was going to let the second half run and play with the houses money, but I felt I was breaking one of many rules that I follow: DON'T BE A PIG! This trade made a nice 116% profit.

Select Sector SPDR-Financial (XLF) 11-14-07 Trade

The financials have been getting dumped on. So with Wednesdays pop in most of the financial stocks I bought some puts on the XLF etf. The XLF follows the financial stocks. I bought some March 08 33 puts. So far so good...the XLF has been down the last two days.

11-20 : I sold my PUTS this morning. The financials have been getting annihilated, this trade has been steadily going in my favor. So you ask ...why did you sell then? This is why...when something looks so good, and seems that the ride will never end. That's when you sell. Because it will turn on you, and when it does it will turn FAST. Always sell into strength! Do I think it will go down more(remember this is a PUT trade, I want the XLF go down)....yes, some.....but.....PIGS GET SLAUGHTERED!

This trade made a 61% gain.

PowerShares Exchange-Traded Fund Trust (QQQQ) 11-16-07

Tech (the whole sector) got hammered yesterday so I figured on a little bounce from the QQQQ which is an ETF. The QQQQ follows (reflects) the Nasdaq-100, which is alot of Tech stocks.

I bought some Nov 50 call options (which expire today at 4:00) after 10:30 which happen to be it bottom for the day. I sold them at around 11:30 for a quick 79% gain.

Apple Trade 11-6-7

So I bought some 190 puts on Tuesday. I felt Apple was going to pull back some. So I bought 10 190 put options...at the last 30 minutes of trading Apple went up $4 bucks, so I doubled up on my puts. My feelings didn't change I still felt it was going to sell off some.

Come Weds morning Apple pulled back a few bucks and then went sideways for a while. The market was skittish I couldn't get a fell about which way it (the market) and Apple were heading. So I ended up selling my 20 190 puts for a 6% loss. I felt like I didn't know which way it was going to go. Well later that day Apple fell over $7, then today (Thursday) Apple fell over $17. If I would have held my 20 190 puts I could have sold them today for a profit of...get ready this will knock you on your ass..( I almost killed myself...) $37 F-ing thousand DOLLARS!!!!! WTF WTF WTF! WHY?

UPDATE 11-12: Well this trade just keeps F-ing me...it's now worth $61 Friggin Grand!!!! Man, someone up there really F-ing hates me!!!


Does anyone know a good financial psychologist?

Apple Inc. (AAPL) 11-06-07 Trade

Apple opened up .87 cents then rose .94 cents more for a total of 1.81 up in the first half hour of trading. Then began to fall. This is a prime example of why I don't buy (when I am bullish) till after 10:30. I picked up some 190 calls at around 10:30 at $3.30 per option, I bought 10. This price finally bottomed at 2.95 before rallying. I sold around 12:30 for a quick 9% gain.

Citigroup Ord Shs (C) Trade 11-01-07

I bought some Citi Dec 45 calls on the hopes for a spike in price once Chuck Prince gets the axe. There are rumors circling around that he is to be ousted this Sunday. There has been talk about him being fired for over 8 months now. We'll see what happens....

UPDATE 11-06: The Prince has been dethroned!! The stock should have popped, but instead it took another dump...why you ask. Cause Citi is stupid. They come out with the news on Princes departure, but then also release news that they will have to write down much more $ than anticipated. Dummys...they shoud have held off on that news till a fews days to a week so the stock could go up on the Prince news.....IDIOTS!!!!

So with the decline I doubled up!

Apple Inc. (AAPL) 11-02-07 Trade

The jobs report came out this morning and was surprisingly strong. So one would think the market would have an up day....right. So I watched apple for an entry...(remember when buying I don't buy till after 10:30 unless I really think its going much higher than the opening price) So Apple was up nice on the open, then started pulling back as did the whole market. Why? right, we had a strong jobs report this morning. Any who....I made an entry in the 190 calls at around 11:20 for my target of 3.30, nailed the bottom (luck :) )!!!! Then the whole market made an upswing along with apple.

With that nice rally up I took my profit. I sold at 4.70 for a 42% gain in 2 hours!

Fed Meeting yesterday 10-31-07

Well, the FED came out at 2:15 yesterday and cut the rate by .25 points. They also said that they were worried about inflation and growth. This made investors nervous for a little while, and the market took a nose dive. Exactly like I said would happen....I said the FED would cut, but then say something that would spook the investors. I also said Apple would be one of the stocks that would take that dive and that I would get back in. Well apple did indeed dive. I tried to get back in as fast as possible, but the price moved SOOOOOOOO fast. By the time I hit the execute button on my order my target price was surpassed. Needless to say I was unable to get back in at a price I thought would be quickly profitable, and missed a huge rally. @$%!

At the bottom of the price dip, the 190 option price was at 3.15. That is when I put in my order. I added .55 cents to it to assure I would get in. Price moved from 3.15 to 3.75 in the time it took me to hit the execute button!!!!! My price entry target was 3.70.

Apple Inc. (AAPL) 10-29-07 Trade

With apples big news about its new operating system I went long on some 190 calls. I place a good till canceled order yesterday for 3.80. I figured that was a fair price, that if meet I would make some nice gains. Well late yesterday my order was filled at 3.80. This morning Apple opened up, then took a Little pull back then took off. The market finally found out that apple has sold over 2 million copies of its new OS since being released on Friday the 26th!!!!

I thought about holding this position open for a while, but I didn't really want to keep it open during the FED meetings (today 30th and tomorrow 31st). The FED gets investors so spooked over one little thing, and the market takes a dive. So I decided to sell my calls today around 11 ish am. What I am thinking is that the FED will indeed cut the rates, but will say something that will spook the market. Apple along with all the other big cap stocks will pull back some. That's when I will get back in! When the dust settles and everyone is happy about the rate cut, stocks will rally again......

This trade made a 32% profit!!! (in one day)

VMware Inc (VMW) 10-22-07 Trade

Here is a trade form last week I forgot to post. VMW posted earnings last Weds. I bought some 115 call options early Tuesday (mistake, I forgot my golden rule. NEVER buy till after 10:30 am unless I am bearish) Needless to say my calls dropped in price big time, so I doubled up. Now I am in for way too much money than I planned. I knew VMW would go up big, but the option pricing was not reflecting that at all!!! At on point I was down 5K on this trade. VMW opened up the next morning and shot up big (like I expected) My options on the other hand did not. They slowly rose keeping me on edge for most of Weds. I finally got out of the trade towards the end of Weds for a 6% profit.

Apple Inc. (AAPL) 10-03-07 Trade

So after that big pull back I bought some 160 calls. Apple is a very volatile stock. I knew it would bounce back and then rally. There is just too much good news for this stock to continue down after a pull back.

Well I sold my calls this morning for a 100% gain!!!! I know it will go higher from here, but not sure how much before it takes a breather. As it stands right now I left $800 on the table....but hey I live by this saying: Bears make money, Bulls make money, and Pigs get slaughtered.

Apple Inc. (AAPL) 10-1-07 Trade

Here is a trade I forgot to post. I bought some 150 puts about a week and a half ago. I was looking for a pull back that didn't come soon enough. I got impatient and sold my puts for a 15% loss. If I had held on to them and sold a few days later I would have made some nice cash, cause that pull back I was looking for came. It just came a few days later. So this brings me to my next trade....10-3 trade.