Thanks Dan 1/30
01-30-2008 @ 09:42:39:PM
"Caught a ride in South Dakota with two girls in a light blue DaSota, ones name was Jane ,the other was plain, but they both had racen mota's." A good friend pointed out my website spelling and grammar leave something to be desired - point well taken. Usually I post after 10pm each night, when the NYSE data site comes up. This site isn't equipped with spell check or the other bells and whistles I need but instead of taking the extra time and running it thru word I just post as is - please excuse. I do 100% of my own research and I can assure it's content is as pure as I can make it. Consider this site more as conversation than as prose.
Dow - !8000 1/28
01-28-2008 @ 11:04:25:PM
"Victem of this, victem of that, your mama's too thin and your daddies too fat - get over it!Last tuesday/wednesday witnessed the birth of a new secular Bull Market which will carry the dow over 18000. I used to work with a broker, I called him lightbulb because he had a penchant for seeing the light just as it went out.In 1987 after the crash he said he'd wat for the pullback and you know I think he's still waiting.
Well what are you waiting for ? 1/24
01-24-2008 @ 11:23:48:PM
Once upon a time in a previous life I was driving over back mountain roads in West Virginia. So remote was the area I could only get a Christian AM station on my radio, after fiddling with the dial I gave up and listened as I drove. The Minister was in full form and after every declaration his flock would exclame "amen" as I listened he exclaimed " God doesn't always come when you call him , but hs's always ontime." "Amen! That comment hit me like head on and I never forgot it. Look I'm not a life long bear I'm just here to make money.Timing is everything, the world is full of investors who want to wait or those who just want to buy a little cheaper they're called losers. Ok here's the deal: Friday 1/18 major options expiration day and the market had dropped so far a lot of hedgers were now sans hedge, in fact less than 15% of stocks were now above their moving averages. Tuesday 1/22 (day after the european Blue Monday) the pefect Beartrap a new (Granvillian) confirming low. Trust me all the old warriors noted this and took their uniforms.The full moon was bright and all the old bears jumped in to feast. Wednesday 1/23 the news is terrible yet the market refuses to break down. Being the old Trecherous, Two Faced Bastard that I am, I switched sides. Question Brother ,how far can you fall when you're standing in a hole? Oh you can wait and you can watch but you're gonna pay higher prices later. !/23 was the right time! "Amen"
Thanks for the Memories - good bye Bear Cave
01-23-2008 @ 10:12:26:PM
Well I'm gonna have to send my Bear Suit to the cleaners before I put it back in storage. Wonder where I put my Horns. My trading target was Dow 11657, well today the market was trading at 11645 the news was terrible and getting worse by the second yet it couldn't punch thru yesterdays low 11634 which by the by just happened to the full moon day.It took me about three nano-seconds to switch sides. Sold my double inverse -funds, covered shorts, and exchangad my rydex double inverse for the double long side and bought several hi-beta stocks at random to boot. Haven't got a new target yet, butI'll let you know.
Blue Monday 1/21
01-20-2008 @ 08:27:11:PM
Probably a mistake but I took a partial profit and did some rebalancing at the close friday. I've been hat ass and balls short since last summer, you know it almost makes you mental.I dont know why but it's emotionally easier to loose money long, than to make it on the short side.The sad fact is that while we were worried about the "Third World",when it is we who are the problem. May have to revise my price targets.