EXAMPLE: We currently own BAC puts. But we only have JAN 12.50s. We are confident that BAC will eventually break down, it just might not happen in the next 18 days. So here's the play ... SPREAD the BOARD! ..... buy puts in JAN, FEB, and MAY. That gives us 5 months to be right. Look to add FEB 12.50s with BAC above $13 tomorrow AM. Then the MAY 11s.
The SHORT List: ICE, BAC, COST .... the Amigos & FAZ!
The Costco AMEX, your DEBIT card or CASH! ... that's it.
.
What a concept!?! ... you can only spend money you actually have. NO RANDOM CREDIT CARDS ... and a return policymade for the GRINCH!
*SHORT (COST) on MONDAY*
Option Lovers try: PRQMJ the Jan 50s. $1.35
The BOTD Theme for 2009. "STOP SPENDING, BUY NOTHING!"
... NO cars, NO boats, NO trucks, NO houses, NO pets, ... no clothes, jewelry, planes, trains, hotels, restaurants, furniture, appliances, vacations, computers, sporting goods, video games, toys, etc ... STOP SPENDING, BUY NOTHING!
JAN 17, 2009 $ 50.00 CALL (RKJAJ) 2.50 -0.60 (-19.35%)
Buy 'more' on the dip!
Transocean (RIG): Has 3,752 months of rigs under contract, or an average of about 26 months of backlog for every rig in the fleet. That translates to a dollar value of backlog of $41.1 billion, as of Nov. 3, 2008. can you say ? ... cancellations!
LONG'ERY again!
44.55 +1.89 (+4.43%)
BOTD Strategy ... unknown.
.
ERY Strategy The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Energy Index. The fund normally invests at least 80% of net assets in Financial Instruments that, in combination, provide leveraged and unleveraged exposure to the Energy Index, and the remainder in Money Market Instruments. It also holds Money Market Instruments. The fund is nondiversified.
ERY ... Overview Category = Bear Market Expense Ratio 0.95% Net Asset Value (as of 12/18/2008) $42.41 Premium / Discount (as of 12/18/2008) -0.73% Total Net Assets $7.8 M Inception Date 11/06/2008
"Families sleepin' in their cars out in the Southwest No job, no home, no peace, no rest, NO REST!" ~ Zach
MORE TRANSPARENCY!!!
We got an email this week asking, "Do you trade full-time?"
... answer, NO. (sort of)
BOTD specializes in SMALL BUSINESS LENDING. Our relationships with US Bank, Wells Fargo, Bank of America, CIT, etc .... have become increasingly difficult. In 2003, 04, 05, 06, and even most of 2007 we were able to get approvals for OWNERS with at least 1 year in business and a good Dunn & Bradstreet rating. Now, in 2008 ... DECLINED! DECLINED! DECLINED!
When we're not trading, we're looking at credit. Experian, Equifax, Transunion, DNB reports, tax returns, bank statements, and P&Ls. Exciting stuff! We can tell you first hand that "everyone's credit" has gone to shit. Personal and Business credit, all bad. Our approval percentage was in the 80% range, now it's lower than 50%. Tough times for all. We got a memorandum last week from a subsidiary of Wachovia saying "we are on a two week moratorium" .... no more loans!! .. WTF?!!?! ... One of two things will happen; we'll get an email from them in 2009 saying "we are no longer in business" , or ... "our credit window has widened and we are loosening guidelines in an effort to stimulate lending" hmmmmm. The former seems more likely as we also got word that that subsidiary just laid off their marketing and sales staff. All this the same week that the FED cut rates to ZERO. Go figure.
The UPDATED 'Restricted' List:
1) Local & Long Haul Trucking
2) Non-Franchise Restaurants
3) Farms
4) Real Estate & Mortgage
5) Construction
6) Casinos
7) Adult Industry
8) Churches & Non-profits
9) Vending & Coin Operated Gaming
10) Oil & Gas Industry
EXAMPLE: let's say you're a small non-franchise restaurant owner, one location, 5 years in business with excellent credit looking for $70,000 for equipment or working capital. guess what? DECLINED! or how about a residential construction company lucky enough to still have work, you sir are DECLINED! or what about a cattle farmer, sure he's owned his land for 60 years, but he too is DECLINED! ... our last approval that actually FUNDED was a doctor with 800+ FICO. So bottom line for small business owners, unless you have $200,000 in cash sitting in the bank, ... you're FUCKED. MerryChristmas.
p.s. our "example" is a bit exaggerated, but you get the point.
... more like RALPH, ... almost "blew chunks" watching that 10% pop dissipate. Buy the AM dip!!!
... it's time to bring back an old tradition, the FRIDAY HAPPY FUN HOUSE!
I wanna be Jackie Onassis I wanna wear a pair of dark sunglasses I wanna be Jackie O Oh oh oh oh please don't die! Yeah ya tryin' ta tire me, tire me I can see you in front of me, front of me Ya tryin' ta tire me, tire me Why don't you get from in front of me? Ruh! We're already dead! We're already dead! We're already dead!
p.s. anyone sick of RAGE yet? ... is FAZ over $55 yet?
BOTD loves expiration week. Check out how closely the option contracts will trade with the common stock. AAPL options have tons of volume and open interest. Watch/Trade/Buy (QAALT).
Hey, this chart looks just like the one above!
$108 by X-MAS ??!!?
RETAIL + SANTA + TECH = APPLE
... ho, ho, ho!
The POWER of LEVERAGE = MO' MONEY!
Apple (AAPL) goes from $100 to $108, hmmm, that's 8% profit.
(QAALT) goes from $3 to $6+ ... that's 100%+ profit!
The BOTD Christmas gift to our faithful readers = More Transparency!!! (gosh, we sound like a bank) .... Over the past month we've received numerous e-mails asking "Where did all the chick pics go?" ... and our man Kevin's chant ... "titties, titties, titties!" For 2 years BuyOnTheDip.com has been THE place for sexy BOTTOMS and tantalizing TOPS. When we were asked to go on TapeTalk.tv , Quint (Qman) asked us to take down "the chicks" temporarily for the show, we happily obliged. With all the butts and boobs off the site, we felt like a Dad. And after all, that's what we are. That's who we are. A loving husband and caring father of two beautiful girls. So here is our post of explanation and maturation.
Cameron Paige
3 years old, going on 13.
recent quote: "i want a polar bear for x-mas" *
*what happened to ... "a pony" ?
Marley Michelle
... yes, we named her after BOB MARLEY.
"red lightning!"
One Year, One Love.
... Daddy (Chris aka BOTD) playing guitar with Cameron about a year ago, hmmmm.
DEC 20, 2008 $ 100.000 CALL (QAALT) 2.48 +0.72 (+40.91%)
... $108 for x-mas~!
AAPL 98.27 +3.27 (3.44%) * Dec 12 - Close * The 5 day.
we're still down on our original DEC 100 buy(3.75), but traded out a win on our 2nd & 3rd buys! holding the rest until $108 ;-)
The "calls of confidence" play: 1) buy/hold the Amigos (EEV, SKF, SRS, SDP) and FAZ 2) intra-day trade calls on the LONG side! .... holding the Amigos gives you the confidence to get long during the day, knowing that if/when the market shits, you'll be in position.
Weekly Winners: GS & AAPL up 100% on Monday, X calls up 50% on Tuesday, FCX up 100%+ on Wednesday, Thursday The Amigos and FAZ up 20%+, and Friday fun with AAPL 100%!!!
The Costco AMEX, your DEBIT card or CASH! ... that's it. 
Paging Dr. Profit!!
The potential breakout! 
JAN 17, 2009
EARNINGS PLAY!!!!
DEC 20, 2008 
an inverse ETF and we're up? ...
ERY
DEC 20, 2008
UPDATE: !!!!!!!!!!!
UPDATE After-the-Close! 
Check the TIME on StockTwits.com 
DEC 20, 2008 $ 70.00 
it's an APPLE X-MAS!
Friday Fun with Apple!
The 5 day.
Did FAZ close above $55 today?
