Disqus - Latest Comments for TenDollarTommy

Re: Crimes and Misdemeanors | Blog - Daily Options Report

TenDollarTommy — Wed, 05 May 2010 18:02:05 -0000

Yes, your point is well made! But knowing it's the NYT and/or CNBC, the fact they miss the point is a given, isn't it?

Re: Crimes and Misdemeanors | Blog - Daily Options Report

TenDollarTommy — Wed, 05 May 2010 17:41:09 -0000

Absolutley, right, Adam. It's hard enough to make a buck sitting out in the desert in front of a couple of screens without the addtioanl agita of manipultion and chiseling going on...

Re: Tiger Tanking | Blog - Daily Options Report

TenDollarTommy — Tue, 13 Apr 2010 16:33:09 -0000

My favorite off topic athlete is Charles Barkley. From his early comments like, "I'm not your kid's role model", to his drinking binges with bimbo/hookers (I live in scottsdale, they are the same thing here), he never let any moon-faced media type direct his persona. You're right, who cares what Tiger's really like? We pay these guys for sports entertainment, not to be their pals. If I want TV drama, I'll watch Desperate Housewives, not "The Masters", or is it now The Masters and Johnson?

Re: Put Call Fiesta | Blog - Daily Options Report

TenDollarTommy — Fri, 19 Mar 2010 12:20:08 -0000

I just can't help it, but listening to Sue Herrera expound on the economy is like watching Forrest Gump explain Einstein's Theory of Relativity. I can't take it anymore....

Re: The Streak Lives On | Blog - Daily Options Report

TenDollarTommy — Wed, 17 Mar 2010 21:37:38 -0000

This market ain't as old as Griese in your picture! Assume: econ recovery is in 3rd inning,SP500 2010 earnings $80+/-, rates don't rise enough to impact P/Es this year and I get SP at 1500, easily, using a fwd P/E of 18.75, which is lower than the current 22.3ish.
Observe we've had a 9% correction in late Jan and a minor correction late Feb, which is very healthy and normal, and this dog looks like it still hunts. I'm dying for a 3-5% drop right now so I can load 'em up, and if the FED says, 'we're raisin'", then I'm borrowing the neighbors pickup, closing my eyes and filling up the store room!

Re: Fast, Accurate, Actionable, Unbiased | Blog - Daily Options Report

TenDollarTommy — Mon, 08 Mar 2010 09:16:36 -0000

Amen. Bloomie is boring and needs to be in hi def, but they are much better at reporting BIZ! They also beat with the numbers, usually when CNBS is on cemmercial break. I have even found my self lately peeking at (gasp!) FOX Business. Their morning show with Stuart Varney beats the monkey-clown Haines in every respect. Unfortunately, by the time the afternoon rolls around, we are re-introduced to the insufferable Liz Clayman, ex-CBNC, and all tv must be turned off the final hour!

Re: Zero Must Tell? | Blog - Daily Options Report

TenDollarTommy — Thu, 30 Jul 2009 11:02:50 -0000

Site looks great. Now that you're driving a Caddilac try not to lose the edge you had back in BlogLand!

Re: Kristin Did It

TenDollarTommy — Tue, 28 Jul 2009 13:56:20 -0000

Oil is indeed a critical commodity and a very slippery topic. My first job was in a Dutch oil trading company back during the Arab embargo of '73-74. That's ARAB EMBARGO, so how did the U.S. import more oil/product during that time than pre-embargo? (check the numbers if you don't beleive me). There wasn't a drop of storage on the East coast and the price rose from 2.50-3.00 to around 10.00. The gov't of course intervened and caused the distribution crisis, as there never was any physical shortage. Sound vaguely familiar? As long as the guys moving the stuff make more than the clowns supervising the activity, traders will always find a way to circumnvent the rules to make a bigger profit. Sad, but true, Gordon Gekko trumps the Pope on the 'greed thing'.

Re: Kristin Did It

TenDollarTommy — Tue, 28 Jul 2009 11:13:04 -0000

Here's Kudlow, along with an incredible panel of useless talkers from the 90's..... time to flip to Bloomberg.

Re: Premium Shorting Time?

TenDollarTommy — Thu, 11 Jun 2009 13:10:55 -0000

Proof that dogs like me have no taste when it comes to sex partners.
And don't come back with some comment about "taste". You're the one who "spotted" the first phrase!

Re: Premium Shorting Time?

TenDollarTommy — Thu, 11 Jun 2009 09:59:42 -0000

Off topic, but I have to congratulate Mark Haines for not letting Blustering Barney Frank hijack another CNBC session. Barney is a posturing politico who has somehow distorted his seminal role in creating the financial crisis (read the committee minutes in the Congressional Record from 2004-2005 when he used to slam Greenspan for not easing credit and oversight of FNMA/FHLMC!) into some kind of corporate reformist mission. BALONEY!!
Thanks, Haines, you've refreshed my day!

Re: What a Day for Baseball....

TenDollarTommy — Mon, 08 Jun 2009 16:39:29 -0000

My son and I were watching the Dbacks-Padres as we lolled around the pool. But in our case, once they lifted Haren, we kept asking how will they blow it this time. No lead is safe in any inning for the "no relief pitching team" from Phoenix.
Net, net they stink from front office down in the organization. Who's the manager? A guy who never coached so much as a Little League team... it would be a joke if they weren't my home team.
Go Cubs!

Re: Why Is This Night Different From All Other Nights?

TenDollarTommy — Tue, 07 Apr 2009 16:12:23 -0000

MLB Network has been pretty interesting so far. Love those old 1950's 1960's World Series replays.
But we are being ripped off. Korea and Japan are light years ahead of us in TV broadcasting and since we are paying for HD programming they should broadcast in HD! Comcast is the pits. I met an EVP who has a multimillion hideaway here in Scotts at Desert Highlands and he told me two years ago they won't go HD until they are forced to. Says the cameras cost too much. Jackasses like that are diminishing our viewing experiences and the pols in DC are also to blame.
A pox on all their houses.

Re: Why Is This Night Different From All Other Nights?

TenDollarTommy — Tue, 07 Apr 2009 15:59:15 -0000

OT. Can anyone tell me how good the MLB Extra Innings sports pack is? I'm watching lots of games during the Cox Cable free preview, but need to know if they show High Def games before I shell out the dough??

Re: C'mon. You Know You're Up At Night Worried About This

TenDollarTommy — Thu, 02 Apr 2009 16:53:32 -0000

I nominate Forrest Gump as a write in candidate. If he was moderator it would bring the average IQ up by about 30 points, I reckon...

Re: The Plans! The Plans!

TenDollarTommy — Mon, 23 Mar 2009 17:11:54 -0000

I think you're right ot be a little cautious after $INX up 23% since Mar 9 intraday low. You didn't get here by listenting to CNBC nitwits chortle about thier views every five minutes. Since I was a fixed income and fx trader in my younger days and Treasurer of an unmentioned top 10 bank in my later days, it sickens me to watch Bill Gross pontificate. He's basically a quieter Cramer shilling his own positions and special interests. The guy is not to be trusted and mark my words, there's something fishy out in PIMPCO (sic) Valley....

Re: New Feature

TenDollarTommy — Thu, 05 Mar 2009 13:34:02 -0000

Pretty funny, Adam. Since we're on the topic of humor, did anyone else enjoy the laughable interlude we just had on CNBC featuring Barney Frank of Massachusetts, not to be confused with Barney Fife of Mayberry, telling us how he and his tough guy Congressional pals are gonna nail the "criminals" who caused this mess?
He he should take a look at his own history re: FNMA/FHLMC. That's an easy conviction for taxpayer funds misused at his command....

Re: Drift Away

TenDollarTommy — Mon, 02 Mar 2009 09:35:42 -0000

No offense, but the Bespoke guys are just like accountants. They report totally accurate information that is totally useless. Using my TradeStation database, I looked at the Dow all the way back to 1920 and found that the index ended down six consecutive months only six times ( Sep 1920, Jan 1942 , Jun 1953, Jun 1973, Sep 1981, Sep 2002). In five of those six time frames the Dow closed UP the next month. So what's gonna happen now? Dow was down six months in a row through Feb 2009. You gonna trade it based on the monthly info I gave here? I didn't think so. The month end data shows different results than their in-month data and both are interesting, but hardly give tradeable guarantees.

Re: Still Waiting For My Call

TenDollarTommy — Tue, 13 Jan 2009 19:06:41 -0000

Adam,
Why on earth would you ever want to sully your reputation by appearing on CNBC?

Re: The Only Prescription for the Crisis

TenDollarTommy — Thu, 23 Oct 2008 13:20:24 -0000

Assume neutral to slight bullish view next 3 months.
A friend wants to buy near ITM calls on several issues thinking the b/e looks reasonable to him and upside is good in case of mkt rally.
Since volatility levels are trading high on nearly everything, I am saying he'd be better off selling puts (using stop loss) because if the market stalls or rallies the decreasing volatility will work in favor of the puts and against the calls. Also, he would get time value erosion in his favor on the put sale. Put sale with stops works better unless big market rally?
Given the assumptions, what's your call?

Re: How's This for Volatilty?

TenDollarTommy — Thu, 16 Oct 2008 17:06:35 -0000

Good luck with the Power Lunch crew! Sue Hernandez is busy researching her answer.

Really, I keep looking for the ninth box, arranged in a square with Whoopi Goldberg in the middle to complete the "wall of comedy'...

Re: Things I Expect to Hear on Bubblevision

TenDollarTommy — Mon, 06 Oct 2008 10:49:43 -0000

Take alook at the 'old' VIX. Symbol $VXO.X on TradeStation. If I have good date, at the current 64.49 it's the highest it has ever been save for the crash in 1987 when it went as high as 170. Even in September of 2001 it only touched 57.31 when it opened on 9/21/01. I don't know how much more unstoppable selling is out there, but it's extreme by any historical measure at this point??