oh. one more thing, like prodigy said, of which i have been telling the girlfriend for
eons, i would rather play options than owning stock. just like the ones that i keep in my
ira. chris

no william, not a leap of 2 yrs. just got back from painting,got to do a few things first.
i will look up wmt for you and give you a bunch of plays if you want...talk at ya
later...chris

It looks like WMT will hit 60 next week.
Then it is a matter of getting my 6.5 points back by January 2010.

Last edited on: 05-09-2008 03:10 pm

Bloodshot, does that mean that you agree on WNTAL Jan 10, strike 60, @ 6.55?

Bill, drummerboy just told you how to play WMT. Look below. V is pretty risky, I have a
paper account and just opened a real options account. I am not playing V with $ nor am I
very good at the advanced techniques of options but an initial thought for me would be to
buy a slightly ITM put with a short exp while have an OTM call down the road.. say Dec 85?
Just a thought

Okay tell me how to play WMT and V. Bill

Hey guys, I've noticed you two going back and forth now and then. I started trading stock
last fall as a newbie in October lost enough money that I got into options trading. Best
decision ever if you have alot of time to devote to it. You have to be very precise
William, and its not for everyone. But, I'll be honest, if you can get the hang of it, its
way better then stock. Your profits are usually 3x as much in half the time. You have to
be able to lose the money though. Thats the tough part, no question. I've only been
trading options for 4 months now, but I'd never go back to stock.

Do some with paper trading and learn to use your technicals to a T for entries and exits.
Id day trade options til you get the hang of it. Thats just my opinion.

Stock trading is great but if you have the time and perserverance, and a little skill,
option trading is really great. You just need to see how you are at it =) I think you'll
be pleasantly surprised.

By the way. If I buy one of these dogs and lose money I am going to send the bill to you.
If I win I will keep the money. Whereever possible I like to work with otherpeople's
money.

What do you think about WMT WWTAN Jan 10, strike 70, @2.84?

i would not touch it even if you paid me, although my 70 yr. old mentor, she likes to
play ge, about 3-5 times a yr. because she gets bored. ge is one of those issues that goes
up three, S L O W Y, and comes back two S L O W Y all year long. just like Mcd. WMT. krft.
ADM, trgt,, ko , pep, i could go on, but i must say when i called a recession is looming
and eminent back in aug of 07 i did say that WMT is going to do much better. and i played
that. the 50 strike for jan 08. where is it now, my friend, and you want to play ge. i'll
be a real nice guy and give you one off the top of my head, because i can tell that you
want to always remain SAFE. try the 60 strike on WMT, lets say right after the kids go
back to school expiration date whatever it is, now mind you ,WMT is running at its highest
that i have seen in 3 yrs, they are breaking records, so an easy 60 for them by the end of
the summer should come easy for them this yr. be fore i would ever play ge, especially on
a call. ..chris