In other news...
Classic.
Saddle Up Cowboy Fans!
17 years ago
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.
Monday, December 1, 2008
Thursday, November 6, 2008
Back from my wallstreet hiatus
Well, after the market fell through the floor, after I lost a good portion of my long positions on such egregiously misleading stocks such as Chesapeake energy, and after the treachery of an election has passed, I decided to get back in.
I left 1 stock prior to market meltdown, Activision of course. Maybe I'm just a fanboi (sic) but it's still my favorite stock and after yesterday's earnings report I still think it will perform.
I took a long and hard look at my trading style and past performance. My biggest rookie mistake was not setting proper stop limits to minimize risk. That one mistake could have saved me a lot of grief. Also, I need to purchase stocks in smaller positions and slowly jump into them instead of all at once.
This may seem like simple principles, and they are! I think sometimes to realize what you read about and learn you need to practice it and fail at it, then you truly learn.
So, yesterday I bought a little, mostly on the short side. Here is what my portfolio looks like right now.
HK short at 18.10
FXP at 82.50
DUG at 40.10
and of course ATVI at a cost basis of 18.. ouch.
I left 1 stock prior to market meltdown, Activision of course. Maybe I'm just a fanboi (sic) but it's still my favorite stock and after yesterday's earnings report I still think it will perform.
I took a long and hard look at my trading style and past performance. My biggest rookie mistake was not setting proper stop limits to minimize risk. That one mistake could have saved me a lot of grief. Also, I need to purchase stocks in smaller positions and slowly jump into them instead of all at once.
This may seem like simple principles, and they are! I think sometimes to realize what you read about and learn you need to practice it and fail at it, then you truly learn.
So, yesterday I bought a little, mostly on the short side. Here is what my portfolio looks like right now.
HK short at 18.10
FXP at 82.50
DUG at 40.10
and of course ATVI at a cost basis of 18.. ouch.
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