Wade Cook runs seminars, priced around $3,500, that explain his strategies for investing, with emphasis on writing covered calls. Much of the same information is available in his book, The Wall Street Money Machine. Don’t be fooled by Wade Cook’s book. I read it, did some studies of covered calls. Most cheap covered calls are written
Stock Prices in Sixteenths
The tradition of pricing stocks in fractions with 16 as the denominator takes its roots from the fact that Spanish traders some 400 years ago quoted prices in fractions of Spanish Gold Doubloons. A Doubloon could be cut into 2, 4, or even 16 pieces. Presumably, it was too difficult to split those 1/16 wedges
One-Letter Ticker Symbols on NYSE
Some of the largest companies listed on the New York Stock Exchange have single letter ticker symbols, and some relatively unknowns do also. Not all of the one-letter symbols are obvious, nor does a one-letter symbol mean the stock is a blue chip, a US corporation, or even well known. Originally when the symbol had
Get Rich Quick Jokes
Here are a few investor jokes about getting rich quick Legal methods: Marry someone who is already rich. Have a rich person die and will you their money. Strike oil. Discover gold. Win the lottery. Illegal methods: Rob a bank. Blackmail someone who is rich. Kidnap someone who is rich and get a big ransom.
Presidents’ Portraits on US Bills & Currency
What US Presidents Who Appear On American Money? Just in case you were curious, here is a list of the presidential portraits and other decoration on U.S. currency and Treasury instruments. List of Presidents on US Currency U.S. Currency Denomination Portrait Embellishment on back $1 George Washington Great Seal of U.S. $2 Thomas Jefferson Signers
Bull and Bear Lore
This information is paraphrased from The Wall Street Journal Guide to Understanding Money and Markets by Wurman, Siegel, and Morris, 1990. One common myth is that the terms “bull market” and “bear market” are derived from the way those animals attack a foe, because bears attack by swiping their paws downward and bulls toss their horns upward.
Stochastics
What is Stochastics? Stochastics attempt to indicate where the current price is as a percentage value in relation to the high and low extremes of price swings during a set time period. In this set time period the stochastics work on the assumption that an overbought condition exists when the indicator value is in the
Relative Strength Indicator
The Relative Strength Indicator (RSI) was developed by J. Welles Wilder in 1978. This indicator is one of a family of indicators called oscillators because it varies (oscillates) between fixed upper and lower bounds. This particular indicator is supposed to track price momentum. Wilkder’s relative strength indicator is based on the observation that a stock
On Balance Volume
On Balance Volume is a momentum indicator that relates volume to price changes. It is calculated by adding the day’s volume to the cumulative total when the security’s price closes up, and subtracting the day’s volume when the price closes down. The scale is not of any value; only the slope (i.e., the direction) of
McClellan Oscillator and Summation Index
In 1969, Sherman and Marian McClellan developed the McClellan Oscillator and its companion tool the McClellan Summation Index to gain an advantage in selecting the better times to enter and exit the stock market. This article gives a brief overview of the McClellan Oscillator and Summation Index. Every day that stocks are traded, financial publications