Thursday, January 29, 2009

Holdings

SRS @ 50.39

JASO @ 2.63

I wanna hold these for a longer swing trade. They have been beaten down and I think there is a considerable amount of upside room here.

Pardon me

With the outgoing President here come the pardons. From just looking at the list it seems to be a good amount of pardons for narcotics. Not pardoned but communed, the most deserving was Ignacio Ramos and Jose Compean. Yes they committed a crime, but I believe their sentence was harshly overstated and unfair.

Wiki Link to List of Pardons

Number 86 on the list is hilarious,

"Jason Welge who was charged with conspiracy to endanger penguins in violation of the 1907 U.S. Penguin Ceasefire."

US Power Generation

This topic came up the other day, I’m not sure exactly how or why. The question proposed: What was the most prominent source of electrical power generation in the United States? Someone said nuclear power and I disagreed. I couldn't name the biggest source (I know Dad, I should know this) but I knew it was some sort of fuel that burned to turn a turbine.

I thought because coal was so bad for the environment that it would not account for 50% of generation. Surprise surprise. A diagram of electrical generation output:



Is that diagram about right? What do you see as being the biggest source in the decades to come?

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.