Former Broker, Pretty Good Chartist & Options Trader. I like Snappy Comebacks, not Politics. Neville Goddard Fan
Philadelphia, PA USA
Joined April 2009
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If the DJ-30 were to fall 10% it will be down About 5,177 points, which has Never happened (point-wise) EVER
Worst 1 day POINT drops with % in ( - )
=========================
Dow Jones Industrials:
Down 2,997.10 points March 16, 2020 (−12.93%)
Nasdaq Composite:
Down 1,121.53 points June 5, 2026 −(4.18%?
S&P 500:
Down 324.89 points March 16, 2020 (−11.98%)
In July $IBM was down its Worst Day Ever, Yest. $INTC was down the Worst in 20 Years...
Monday $AAPL $345 has ER after the bell. If it ties for the 5th worst day it will close at $304 (From $345)
1st) September 29, 2000: approximately −51.9%
2nd) October 19, 1987 (Black Monday): approx −24.2%
3rd) October 26, 1987: approximately −21%
4th) January 24, 2013: approximately −12.4%
5th) March 12th and March 16, 2020: approx −12%
Ooops, did I trigger somebody?
Worst day Ever for Nasdaq now
When the crash of 1987 happened, we were down Thursday and then Friday we were off over 105 on the DJ-30 the worst point drop ever at the time and I thought THAT was the flush...
Then down over 500 Monday
All the brokers I knew (I was one at the time) we were AL going: "WTF is going on"
Be afraid, be very afraid.
If the DJ-30 were to fall 10% it will be down About 5,177 points, which has Never happened (point-wise) EVER
Worst 1 day POINT drops with % in ( - )
=========================
Dow Jones Industrials:
Down 2,997.10 points March 16, 2020 (−12.93%)
Nasdaq Composite:
Down 1,121.53 points June 5, 2026 −(4.18%?
S&P 500:
Down 324.89 points March 16, 2020 (−11.98%)
Been trading for over 45 years, this IS surprising at the severity of this drop like this.
Stocks/charts are broken
Also, today, I am back on my version of the 95% Carnivore Diet.
My only non Carnivore part is still at least Keto:
Avocados, Onions, Mushrooms and Greek Yogurt once in a blue moon with Blueberries and Brewers Yeast
Zero sugars or Carbs.
Got up at 4:25, couldnt fall back to sleep so I made my morning pot of coffee (40 oz.) Had about 12 oz, filled my cup back up and went outside and did 8 laps around my neighborhood.
Its an oval, about 3/4 of a mile. I walk one way and then back to my car to sip some coffee, then the other way (so I can keep track of the laps, odd# then even#)
6 Miles in 140 minutes and back at my desk, feels good
I did the same on Tuesday, getting my steps in.
Please forgive me for only paying attention to stock and commodity posts
I'm looking for how to make $ as this country goes to hell in a handbasket as the quote goes...
I am not going to pay attention to who is running the locomotive off the tracks. Seems like no one cares enough to DO anything to stop it or, honestly, they Can't anyway as congress has NEVER done Anything to address the (now) 1600# Gorilla in the room, our $41 Trillion deficit.
But sure, order 2000 more tanks and planes, why not
Feel free to have an opinion on this, for or against mine, I'm ok with it as I havent offered a saving grace yet
One of the reasons @elonmusk may act on a buyout "now" of $INTC is that in 2 years, the Demon-crats wont allow him to take a dump unless he registers it with them
See Solar stocks rip the past 2 days?
Next up; Nuclear
$OKLO here at $22.35
I will hardly be on Twitter/X today as I dont participate in as my Chinese friend calls/says: "Erections"
Both Groups (NOT parties at all) designated by left or right or blue or red or a Donkey or an Elephant, IMO are corrupted and run by corporations and worse organizations that give ZERO cares or F@cks about individuals in our (formerly) Great Country
The "Illusion" of choice is Not something that former brave, courageous people gave their blood, sweat, tears and lives for (again IMO)
I choose to stay away and craft a Life where I move about with care and respect and use my mind, experience and awareness to Live a life separate from illusion as much as I can.
I wish everyone all the best in the way You choose to live, no matter which side of any Illusionary fence you/we may find ourselves in, on or around.
Be caring, smart, aware, healthy, safe and prosperous
Started easing/scaling into $GLXY $14.80 Nov 6th $16 CALLS a Littttttle too soon this morning.
In at a net $.54 but I wouldn't recc. to follow me into it just yet.
Got my net cost down to $.48 but Out now of $GLXY Nov 6 $16 Calls at $.42
Anyone else get in the $AAPL $342.50 Puts @ $4.20 (traded lower) that I was pounding the table on last Thursday and Friday?
teapawt.org/prosperousguy/status/2…
Also my Recc. of Long $GLD and short $AAPL for a + $10 credit? that is now at + $26
teapawt.org/prosperousguy/status/2…
If you guys want an interesting "pairs trade" here is my Thesis:
Long $GLD here around $356.50 and short $AAPL at $346.50
There is a negative $10 per share difference and if I am correct and the market keeps falling, $GLD may still fall a bit further, being used as a "source of funds" but IMO it may also be used as a safe haven.
$AAPL may hold in here IDK but if I am (also) correct, it could get crushed like $GOOGL and $INTC back to the low $300 area.
I think the spread goes from - $10 to plus $75 or so.
This is why you MUST pay attention to the IV on any option on Any Stock reporting ER
I got In $TGTX Nov 20th $80 calls (@ $.60) even though the shares were trading around $61 on Friday.
There was Also, Importantly, rumors of a potential buyout that pumped up the Vol even more.
The options Also trade with wide spreads and can be Very thin.
This morning I scaled out from $.55 to $.75 for a net $.675 from my $.60 entry Friday.
This was seeing the stock pop over $63.50 Up over $2 and change and getting Out was like pulling teeth and now the shares are hardly up at all and the volatility will be squeezed out all day.
I May look to get back IN $TGTX but Not options $19 OOTM
The $TGTX ER is before the Bell Mon morning Nov 9th coming up.
The options prices were mainly pumped up (IMO) by potential buyout news
Whenever that happens, I Will get In on a Thursday or Friday but if no Buyout, I am Out on Mon morning at the open
I was out by 9:37 am