Saddle Up Cowboy Fans!
16 years ago
Tuesday, January 27, 2009
Friday, January 16, 2009
Obamarama!
My trading account has prospered from this roller coaster of a week. I was net short so during Thursday's big fall I was able to capitalize on that. Among my purchases were:
SRS @ 61.50, out at 67.40
EEV @ 56.10, out at 61.25
FAZ @ 52 out at 62
These inverse ETFs have been bery bery good to me in 2009. 10% MTD.
As far as my 2008 trading records, what a mess. F*$#@ oil companies and Cramer...
That is all.
SRS @ 61.50, out at 67.40
EEV @ 56.10, out at 61.25
FAZ @ 52 out at 62
These inverse ETFs have been bery bery good to me in 2009. 10% MTD.
As far as my 2008 trading records, what a mess. F*$#@ oil companies and Cramer...
That is all.
Sunday, January 11, 2009
Trabajo?
2.5 million, 3 million, no... 4.1 MILLION JOBS!
"Estimates are subject to significant margins of error — because of the assumptions that went into the economic models and because it is not known what might pass Congress."
Of the $775 billion plan, if it "created" 4.1 million jobs then each job made would cost $189,024. Is that minimum wage these days?
Good quote I saw this morning:
For the uninitiated, the moral of the story is simply this: Politicians invariably respond to crises — that in most cases they themselves created — by spawning new government programs, laws and regulations. These, in turn, generate more havoc and poverty, which inspires the politicians to create more programs . . . and the downward spiral repeats itself until the productive sectors of the economy collapse under the collective weight of taxes and other burdens imposed in the name of fairness, equality and do-goodism.
Down the rabbit hole we go!
"Estimates are subject to significant margins of error — because of the assumptions that went into the economic models and because it is not known what might pass Congress."
Of the $775 billion plan, if it "created" 4.1 million jobs then each job made would cost $189,024. Is that minimum wage these days?
Good quote I saw this morning:
For the uninitiated, the moral of the story is simply this: Politicians invariably respond to crises — that in most cases they themselves created — by spawning new government programs, laws and regulations. These, in turn, generate more havoc and poverty, which inspires the politicians to create more programs . . . and the downward spiral repeats itself until the productive sectors of the economy collapse under the collective weight of taxes and other burdens imposed in the name of fairness, equality and do-goodism.
Down the rabbit hole we go!
Friday, January 9, 2009
1st trading week of the year
Activity for the month so far...
Bought 200 AKAM at 16.45 stopped out at 15.48. (-216)
Short 100 NOV at 29.54 covered at 28.92 (+41)
Bought 200 LDK at 13.31 sold at 16.30 (+578)
Short 200 M at 10.68 stopped out at 11.38 (-161)
With "Barrack the Builder" being pro renewable energy it seemed only logical to pick a solar. Luckily for me, LDK outperformed all the others by a long shot.
Shorting M didn't seem like a horrible idea. Walmart's bad report plus Macy's store closings made me want to go short. With a little conviction and cojones of steel I could have came ahead because M is printing 10.30 as of the close.
2% month to date. I'll take it.
Bought 200 AKAM at 16.45 stopped out at 15.48. (-216)
Short 100 NOV at 29.54 covered at 28.92 (+41)
Bought 200 LDK at 13.31 sold at 16.30 (+578)
Short 200 M at 10.68 stopped out at 11.38 (-161)
With "Barrack the Builder" being pro renewable energy it seemed only logical to pick a solar. Luckily for me, LDK outperformed all the others by a long shot.
Shorting M didn't seem like a horrible idea. Walmart's bad report plus Macy's store closings made me want to go short. With a little conviction and cojones of steel I could have came ahead because M is printing 10.30 as of the close.
2% month to date. I'll take it.
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