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Registered Oct 07, 2009
crash-olah's most recent comments:
- On 8 Jul 2010
In a tough spot - so what's the answer?,
short sale. it will probably ruin your credit, but you said your ready to cut your losses now, if need be the case... so cut them now, and in 5 years you'll be fine (maybe sooner). You'll have saved a LOT of money, renting a nicer bigger place for you and your family...
- On 21 Jun 2010
All Of The Consequences Of Walking Away From Your Home,
ever thought of a short sale? helps with a lot of the consequences you mentioned of just letting the lender foreclose...
- On 6 May 2010
Well I got fully invested this morning. I was thinking about buying futures options, however the June contract settles in May and I wanted to make sure I had most of June covered. The ideal trade for me therefore were the June 2010 calls @ $150. I put $50,000 into it and I’m in at $1.26 so I control about 40,000 shares. The symbol is GVJFT
A gold price of less than $1500 by June 2010 = total loss.
A gold price of $1600 by June 2010 = $380,000 profit
A gold price of $2000 by June 2010 = $1,900,000 profit
BTW there is HEAVY Buying on this contract today. About 100 times normal in fact. Some trader much larger than me blew out all the asks and bought at least 1000 options @ $1.30
Just curious if you still think this is possible (for Gold to go to 1600 by next month)..? As of today, its around $1200. I'm not doubting that it could go up to 1600, but I was wondering if any one else had some input??
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