Tuesday, December 16, 2008

The Golden RATE CUT play! ~ Freeport-McMoRan Copper & Gold Inc.(Public, NYSE:FCX)

DEC 20, 2008
$ 22.500 CALL
(FCXLX)
1.23
0.00 (0.00%)
.... gold, copper, and Freedom!

UPDATE: !!!!!!!!!!!

1.91
+0.68 (+55.28%)

BOTD wins.



UPDATE After-the-Close!


2.58
+1.35 (+109.76%)


Ben "santa" Bernanke!

Check the TIME on StockTwits.com
hmmmm.

"calls with confidence!"
WINNERS: GS, BA, FCX, ... AAPL?



26 comments:

BUY ON THE DIP said...

KAAAAABOOOOOOOOOOOM!

Big Mike said...

botd

does this change the game plan on FAZ?

BUY ON THE DIP said...

FCX calls!!!!

1.75 +0.52 (+42.28%)

SOLD my BALZ.
$BA 1.55 +0.88 (+131.34%)

BOTD wins!

BUY ON THE DIP said...

FCX calls.

1.84 +0.61 (+49.59%)

BUY ON THE DIP said...

c'mon AAPL you dog! run!

BUY ON THE DIP said...

MIke,

we still want more FAZ when WFC hits $35. stick to the plan.

Big Mike said...

Si Senor,

you thinking a selloff at the end of the day?

Troy said...

buy UYG DEC 6 puts
wereallfullofbull.com

Mattyrye said...

How about the MS is not GS trade..

MS dec 15 puts...put m on that buzzer..

Big Mike said...

BOTD

buy anything at the buzzer?

Anonymous said...

GREAT PLAY!

Big Mike said...

AAPL tanking afterhours :O

BUY ON THE DIP said...

no MacWorld, smart move by AAPL....saves money.

AAPL is an $88 stock.

BUY ON THE DIP said...

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application big lot.

jbreedlove said...

*sigh* I'm getting killed on being all in on the short side. Oh well, valuable lesson, always keep some money off the table to play the other side. If the Dow never drops below 8300 again you can thank me for single handedly saving the economy by betting against it.

jigdaddy said...

jbreedlove,

no fair buddy, i was going to take that honor! i with you on the shorts...my plan is to add to the positions actually if we get any higher...add 25 shares at a time every 15-20 points higher the SPX goes...i might not get that opportunity as i believe we are stuck in a range....i am going to do my first addition tomorrow morning if we gap up. this market is fucked and the govt just blew its last wad. this isn't a positive thing for the markets.

Big Mike said...

BOTD


since you see what happend with the FED are you happier now or less happy than you were before when you first got FAZ at 55?

in the sense that you are now more sure that the stock market is going to come down in 09

BUY ON THE DIP said...

DON'T BELIEVE THE HYPE!

..... everyone is broke.

although rates are at 0%,
..... the banks are still tightening.

no access to low rate funds for the public.

credit card defaults to skyrocket.

HUGE past dues on utilities.

continued mortgage defaults in "the A bucket"

.... the list keeps going, more later.

DOW 5000-6000 in 09.

be patient, ... get short, stay short.

Big Mike said...

Thanks

i appricate all the info.. i ask because im still learning how someone at your level thinks

plus some asurance is always good.. you see people in fast money talk bullish when the stocks are up.. then the next day its down and they start talking bearish and it messes with my head.. but you still stick with what you said..

im in with you on faz and im patient

Big Mike said...

you still going to get more FAZ once WFC hits 35 or new game plan?

jigdaddy said...

well, this market is fucked up! i am waiting to add to the amigos if we go higher today and thru the rest of the holidays i will double down and officially lose everything i have...oh well good thing commercial real estate is still strong (sarcasm)

Anonymous said...

why does faz keep making a new low ?

Anonymous said...

on these leveraged ETFs

I suggest you solve the following formula

x = %up day in underlaying
y= % down day in underlaying

The formula is (1+2x)(1-2y)

You will find the degradation factor that will kill this ETF even if the underlying stayed at the same level after a while

BUY ON THE DIP said...

worthless paper!

Anonymous said...

thanks. for the in put

Lubes said...

Anyone know what just happened to SRS. I come back from lunch to find my account a lot deeper in red but the market indifferent