- stinger67

Eh...I got this one

Yes...however the difference of missing out on gains vs straight up losing a bet...which is what options essentially are...is my point. Either way...as I said earlier I don't do it. I do as my guy tells me and it's been a great strategy from day 1 to today so I don't see it changing
- Takemedrunkimhome

Yeah that's cool, I'm glad it's working for you. However, I don't think you fully understand options. They're used as a hedging strategy so that's why your comments were a bit confusing for me...all good!

Yeah that's cool, I'm glad it's working for you. However, I don't think you fully understand options. They're used as a hedging strategy so that's why your comments were a bit confusing for me...all good!
- Good On Paper

They should be used to hedge. Not always the case...but you're right in that my knowledge base is enough to discuss but not enough to listen to. As I said earlier I've just been crazy lucky with timing in the real estate and stock markets...little to do with me other than knowing to put the money to work early

They should be used to hedge. Not always the case...but you're right in that my knowledge base is enough to discuss but not enough to listen to. As I said earlier I've just been crazy lucky with timing in the real estate and stock markets...little to do with me other than knowing to put the money to work early
- Takemedrunkimhome

*Nods sagely, while not understanding a (frank)ing thing you said*

Jean-Claude Wawa Damme
- MortChicken

This way Mort. Pete's waiting for you.

yeah

*Nods sagely, while not understanding a (frank)ing thing you said*
- Darksyde

Probably not that accurate so doubt it's hurting you

- stinger67

If they were taking bets...always bet against the guy taking his shirt off...probably his first time or blind drunk...or both
- Takemedrunkimhome

yeah, cause anyone with any sense is punching the guy as he takes his shirt off.

yeah
- WaterBoy

5-4 Rangers in OT

yeah, cause anyone with any sense is punching the guy as he takes his shirt off.
- Gramps28

not me. i'm already running by that point.

Any advice on what to do with my Bombardier stocks?

Any advice on what to do with my Bombardier stocks?
- pete26

One of my friends just invited me to the game

I'll probably react the following way if the Habs score a goal to take the lead

Any advice on what to do with my Bombardier stocks?
- pete26

I really hope you're kidding...

They should be used to hedge. Not always the case...but you're right in that my knowledge base is enough to discuss but not enough to listen to. As I said earlier I've just been crazy lucky with timing in the real estate and stock markets...little to do with me other than knowing to put the money to work early
- Takemedrunkimhome

Yep ... that's why I'm watching this market correction like a hawk the last few days, just waiting for the proper time to put money back at work again.

There's still some downward pressure so I'm not touching anything until the S&P 500 falls to 2950 or below (13% below 52 week high). I'd rather be patient than catch a falling knife.

Here’s how long stock market corrections last and how bad they can get
https://www.cnbc.com/2020...how-bad-they-can-get.html

Any advice on what to do with my Bombardier stocks?
- pete26

You should have sold 50 years ago.

I really hope you're kidding...
- Good On Paper

Yup, lost a lot in tech stocks 20 years ago.

Don’t play that game anymore.

Started buying land, cuz they don’t make it anymore..

Yup, lost a lot in tech stocks 20 years ago.

Don’t play that game anymore.

Started buying land, cuz they don’t make it anymore..
- pete26

And you can use it

Yup, lost a lot in tech stocks 20 years ago.

Don’t play that game anymore.

Started buying land, cuz they don’t make it anymore..
- pete26

Ah yes, the infamous tech bubble ... lot's of people got burned back then.

And you can use it
- Takemedrunkimhome

And there ain’t no business suit wearin mother (frank)er in Toronto deciding its time for me to get a hair cut..

And there ain’t no business suit wearin mother (frank)er in Toronto deciding its time for me to get a hair cut..
- pete26

Ugh...I think I follow

Ah yes, the infamous tech bubble ... lot's of people got burned back then.
- Garfield512

I swear the ink wasn’t dry on the paperwork I signed when the bottom fell out..

I swear the ink wasn’t dry on the paperwork I signed when the bottom fell out..
- pete26

That sucks ... I lost a little bit myself but nothing to write home about as I've never been too much invested in volatile stocks. I've made back those small losses several times over since then.

Yes...however the difference of missing out on gains vs straight up losing a bet...which is what options essentially are...is my point. Either way...as I said earlier I don't do it. I do as my guy tells me and it's been a great strategy from day 1 to today so I don't see it changing
- Takemedrunkimhome

Options are a bet? wow....

They allow you to trade shares that might be otherwise too expensive to trade.
1-you make money if stock goes up or down
2-if you actually own some shares you can make money off them without selling them by writing options