Sheherazade

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3 Comments

    • Fri Jul 25th 23:53 PM | Rating: 0 0
      Commented on:
      Vacation-Proofing Your Portfolio
      Having followed Mr. Davis on Seeking Alpha for quite some time and making money following his trades I took the plunge on Tuesday and began following his $10KXtreme Portfolio. The trades I and many other members took were very clearly indicated and easy to follow:


      5 RIMM August $125 calls, entered at $1.80 sold at $2.96. +64%
      10 QQQQ September $46 calls, entered at $1.35, still open at $1.45. +7%
      10 HOV September $7.50 calls, entered at $1, still open at .90. -10%
      10 GOOG August $520 calls, entered at $2.40, still open at $2.80. +16%

      This is far better than I usually do in 3 days or even a month and other members are playing a more complex butterfly strategy that is over my head but I am anxious to learn. Clearly from the previous post where you attacked Mr. Davis he is not interested in responding to you but I take offense as your rantings almost stopped me from signing up Tuesday and would have caused me to miss a truly exciting experience.

      The message board on the site is full of compliments and here are some member comments from today with names omitted as it's not my place to post them here:

      10:15 - "In on WM stock at $3.75. Filled the short collar at $1.65. Better than 50% return in 3 weeks if it finishes above $4. If not, take the stock put to me & try again in Sept."


      10:30 - "Phil
      It took awhile but managed to move my GS calls and callers up 10 in th eaug and oct . today just moved my oct 170 calls to jan 180 for .20. seems like a cheap move to get 3 months more premium. My rolls up were for even so this is a good lesson on waiting and be patient. Not all of one’s calls/callers will be profitable but it is hoiw you can hang in there to give you an advantaged."


      10:53 - "HOV - Took the 33% gain on balance of 7.5’s @.60. Order in for Sept 7.5’s @ .90. Mr. Davis has set the price. 8-)"


      11:49 - "Phil,What about uncovering financials in the LTP? I have 40% gain on callers and I think if oil stays down the fnancials will go up."


      12:38 - "Phil, hopefuly I’m not being a pest, but WFR calls are up around 20% since you said to buy them yesterday. Any thoughts? Thx."

      1:03 - "Weah USO failing the beaf flag! Keep going! BKX -.18% VIX 22.39 We might have a pretty close if this holds on."

      1:21 - "Phil - You are now referred to, in my household, as "The Lord of the Fly’s" They are absolutely terrific! Thanks"


      2:46 - "Phil- PCX up over 10% today- time to get short again?"

      3:31 - "WM Just took a flyer: Sold 6 Aug 4 Puts for .71 and bought 2 Jan 10 5s for 1.95. Two trades combined netted $28 in my pocket and if WAMU doesn’t go bankrupt before Aug expiration I’m probably free-rolling."

      4:05 - "BIDU - thanks phil, I was trying to participate if they at least retraced like goog and aapl. Somehow I don’t see them continuing to fly up, maybe an island like goog had a while back. In any case, I moved to sep330 puts and sold aug300 against them for a bit of protection so I think I’m ok for the weekend."

      4:19 - "USO- what a great week…been a long time in the making (started getting short at crude 120ish) and i thank phil for the excellent oil piece a few weeks back when i was really reassessing my conviction while comparing oil futures to miami condos…u the man, phil."

      9:53 - "A couple times this last week I couldn’t bring myself to hold onto a position any longer when it was up 30-40% or more. Once it hit 30%, I was pretty much putting a 5% trailing stop order in to lock in at least 25%. Google was one where I ended up making 45% on the trade, but I think you made 80% or more. "

      There are hundreds of comments today and, as near as I can tell, Mr. Davis answers every single one that asks a question of him. Who have you helped today Contender? Certainly no one who you are working so hard to steer away from what is by far the best service I have ever invested in.

      And if you want to check the perfomance, there are hundreds of picks from his posts right here on Seeking Alpha, why not create a scorecard the way people track Jim Cramer? Following those picks is what led me to become a member on the site so there is your first testimonial from a very happy member.


      ps. As near as I can tell there is no such thing as a closed thread, all posts and comments on posts appear in the archives going back to 2006. Also, Happy Trading is a rival site which I have also tried, not part of Phil's Stock World.
      View article »
    • Tue Jul 22nd 18:35 PM | Rating: 0 0
      Commented on:
      Options Trader: Tuesday Outlook
      I too have followed him from his free web site to here. It was his "screaming" about oil and specific puts on Exxon and others that made me my first big options win as oil went down over 30% after his pointing out it was too high in the fall of 2006. Since that time, I have followed his strategy of focus puts at times when oil runs up too fast and that has also been very profitable.

      I suppose it's all in how you read it because I took it to heart that $140 would never hold after he published the article that $200 oil was not possible in this economy and I'm happy to say that this has been the best week of my trading career through simple USO puts following the same strategy.

      Does oil have to go back to $60 for him to be right or do we now see Congress investigating all the things Mr. Davis has been "screaming" about as driving up the price of oil for 2 years? As Junkyarddog says, "Phil's fundamental's are right on!" I'm not here to be his defender but I do see his articles on MarketWatch, Yahoo and Google regularly and he seems to have quite a following as well as, obviously, his subscriber site, which I can now afford, thanks to his tips. I just wanted to say it's very easy to tear down and it seems to be the pleasure of people who make comments here to the detriment of the community. If they really had something of value to say, there is an invitation to contribute to Seeking Alpha on every page so perhaps they would be willing to share their own wisdom, rather than just act like wise asses.

      View article »
    • Tue Jul 22nd 17:00 PM | Rating: 0 0
      Commented on:
      Options Trader: Tuesday Outlook
      With the Dow down 100 points in the morning this is the only author today on Seeking Alpha with the guts to say he's bullish and buying and all Bschecker and Contender do is make nasty comments. Perhaps your problem with the author is that you spend more time making fun than listening but I don't see how you advance the conversation here at all.

      Mr. Davis said oil was too high for quite some time, now it's coming down. He said the banks were oversold, clearly they were. Last week he said to buy the Dow components that had international exposure. I for one am up well over 150% on that suggestion alone with simple calls in the DIA.

      I think its a shame that the chat board here is getting to be like the chat board on Yahoo, people with nothing constructive to say ruin it for those of us who would like to have intelligent discussions about the post.
      View article »
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