What are you buying?

[humble_pie]

i'm not looking at the quotes but Q:

if you're bearish what happens if you buy nov 20P & sell aug 17.50P ?

myself i would not because of the lack of liquidity. There are thousands of other heavily-traded.

[ddkay]

I just tried that diagonal spread and the Max profit/Max loss fields are empty. Its showing a credit of $225 before commissions. If ToS doesn't know and I definitely don't know haha. At least yet...

ps I got zero probable loss by adjusting up the written 17.5 call prices to 2.50, that's probably cheating because no one would likely buy them

[humble_pie]

actually markets not open so any leftover info from yesterday is gibberish.

later i will go & look at the pair i mentioned.

btw never trade in 1st or last hour. Quotes during these hours are distorted. Specialists keep spreads too wide because not enough players have showed up yet in 1st hr & all players have left in last hour.

ps ddkay i would like for you to learn to pick out these things yourself. You're bright enough, that's for sure. Never mind what tos has to say for itself.

[gibor]

Just was wondering if anyone buying Inverse ETF to hedge losses? HIU or HIC for example?

[dubmac]

Quick question to the forum -
10 days ago Ian McGugan wrote an article in the globe that described the debt situation in the US as bleak - no surprise here http://goldgunsgeopolitics.wordpress...lobe-and-mail/. He refers to an economist who suggests the only way forward for the US is to devalue the USD by 20-30%.

My question - If the USD does indeed drop, does this offer opportunity to someone like me, who would like to increase the % of global equity portion in their portfolio?

I am looking to buy Claymore CYH (Global Dividend ETF) - or another Global Equity ETF (VTI?) I haven't purchased yet b/c I suspect that this latest correction may have a way to go yet.

[KaeJS]

.

My question - If the USD does indeed drop, does this offer opportunity to someone like me, who would like to increase the % of global equity portion in their portfolio? .

Well, yes. If you're looking to increase exposure to global equity and the USD is cheaper, then:

A) It makes it easier/cheaper for international businesses, which boosts their profits, which should increase your profit by holding shares that increase in value/pay dividends
B) Allows you to buy US companies cheaply



But, then there's

C) That could be bad for a lot of other things...

EDIT:

Actually, it would probably be bad for you:

COUNTRY WEIGHTING
United States 41.99%
Europe 23.46%
UK 10.34%
Emerging Markets 10.33%
Asia Developed 7.59%
Canada 6.30%

Almost HALF of CYH is American, anyway...

[andrewf]

US-listed stocks often appreciate when the US dollar falls, since they're chockablock with companies that earn significant profits outside the US.

You can always use a hedged product if you're worried about it. I think the Canadian dollar is likelier to revert to its purchasing power parity value of ~0.8 eventually than proceed much higher, so I'd be okay holding non-hedged US denominated assets.

[Ethan]

I bought 30 shares of Diamond Offshore Drilling (DO) to bring my total shares to 100.

Also considering buying some Fortis.

[w0nger]

ac.b

speculative buy.... lets see what happens...

[KaeJS]

Sold 275 ABX

Bought 250 ABX back at a lower valuation

Made small profit and reduced margin.