TheAcsMan.com no longer publishes original content material. Reprints of previously published "Daily Market Updates" available to subscribers of OptionToProfit.com appear for informational purposes only and links are de-activated.
If I do say so myself, the nice thing about my blog is that you really don't have to read it very often, because I'm constantly repeating myself. Imagine being married to me. Suddenly the unlimited supply of amusing stories and anecdotes reaches a limit, as long as your memory or hearing is intact
Best of all, this still being a free society, you don't have to read it at all, as long as you continue to pay the monthly subscription fee to have it delivered to your Kindle.
Imagine, just $0.99 a month to have it electronically delivered to your e-Book reader.
I think Amazon should adopt the old Telephone directory strategy for having an unlisted number and charge $2.50 a month to not get the blog delivered to your Kindle.
But if you have been reading on a regular basis you'd know that I've been bemoaning the fact that so far in 2012, I've been trailing the S&P 500.
Ever since I've been doing this dogmatic approach to covered call writing I'm not accustomed to seeing myself behind the eight ball.
The real kiss of death probably came when Barrons Magazine called the covered call strategy the only winning one for 2011.
It's exactly the same as when TIME magazine puts something hot on the cover.
It fades and fizzles.
Or like when Sugar Momma finally got herself an iPod Mini.
The day that she gives up her Kindle and exchanges it for an iPad is the day I start shorting Apple shares with every last bit of my soul and portfolio.
But finally, this week was back to normal, though not in trading activity. I still made relatively few trades this week. Having made such few trades, some dumb ones, in hindsight, really stand out.
Like grabbing a few pennies by selling calls on all of my Research in Motion holdings on Thursday, the day before shares inexplicably go up 7%.
I say inexplicably, because the purported reason was first given that there was some sort of Samsung alliance rumor, which was then followed by the contention that the fact that RIMM didn't offer a "profit warning" report had to be a very positive sign.
I don't know very much about SEC rules, and by that I mean that I don't know anything, but are they required to give profit warnings?