Instead of coming he went ! 5/27
05-27-2008 @ 09:55:52:PM
Market opened today on a trendline, went long the S&P's (SSO). Everytime I think I know what I'm gonna be doing the next day, I'm wrong. The facts are constantly changing so when the bell rings I just play the puck where it is. We'll see!
He did real well for awhile 5/26
05-26-2008 @ 09:49:53:PM
"He did real well for awhile." This is one of my favorite code phrases usually denoting another idiot with some hair brained trading strategy on his way to poverty. I've watched many new stock traders come and after one or two good trades they always think they can fly, gravety unfortunatly always works every time it's a cruel sport. One or two good trades,thats luck, seven or eight, thats a streak, so far this year I've completed 39 trades so I guess that's my business. --- Had a great week covered my shorts (sold my QID & SDS) at the close friday when the Techs started digging in. A Bird in the hand is worth 15 in the bush to me. Stay tuned cash always burns a hole in my pocket.
Brief Rest 5/20
05-20-2008 @ 11:03:48:PM
So much for my vacation. The volume on the NYSE is pitiful -- did a little checking over the weekend it appears that the new players are buying otc or equity options and whats really alarming most of this business is coming from the Discount Brokers.Can you say speculation? Took a 1/3 short position at mondays opening figured I'd get more at the close but the market caved in at that afternoon.Not sure what I'll do next so stay tuned. For the record I'm now long the QID and the SDS. By the by beautiful Full Moon isn't it.
"See You In September" 5/15
05-15-2008 @ 10:44:21:PM
The S&P's expired at the close today and so did I, This is a "quick mans game"(as a friend once said", sold everything but didn't short anything in turn,just went to cash. This is possibly the first time since 2002 that I've been neither long nor short. Strange feeling! I chart everything and just too many charts were blowing out on to little volume since this is May thought this was a great time to go away. Did a fast Bean Count this evening, my account is up 85% year to date and this figure includes some pretty mindnumbing losses in MSFT,YHOO and WM. The one lesson I've learned this year is to never trust the Financials (Bankers, Brokers or Credit Card Companies.) Those who question my financial conduct should well reguard their own. When the tide goes out remember I'm still wearing my trunks.
Do you YHOO - 5/4
05-04-2008 @ 11:20:37:PM
Discipline is what you do when nobodys watching. Bought YHOO after I took my whipping in MSFT last month thought I'd roll right back into MSFT and recoop my loss. It was the old out of frying pan into fire trick. The deal was troubled from yhe get-go. I decided to sell thursday after I watched Steve Ballmer ranting like Crazy Eddie, the Indians stayed away from crazy people and thats about the way I feel about it too. The single worst piece of financial advice ever given is "don't panic." Not me brother I've learned the hard way that sometimes ones best move is to run. Sold YHOO and JNPR thursday felt like a dope all day friday, but since the deal collapsed feel a lot better now. Account up 78% year to date. All the wise guys looking for a pullback, I think its got another punch up coming, just too many sell in May comments floating around.
Do you YHOO - 5/4
05-04-2008 @ 11:20:24:PM
Discipline is what you do when nobodys watching. Bought YHOO after I took my whipping in MSFT last month thought I'd roll right back into MSFT and recoop my loss. It was the old out of frying pan into fire trick. The deal was troubled from yhe get-go. I decided to sell thursday after I watched Steve Ballmer ranting like Crazy Eddie, the Indians stayed away from crazy people and thats about the way I feel about it too. The single worst piece of financial advice ever given is "don't panic." Not me brother I've learned the hard way that sometimes ones best move is to run. Sold YHOO and JNPR thursday felt like a dope all day friday, but since the deal collapsed feel a lot better now. Account up 78% year to date. All the wise guys looking for a pullback, I think its got another punch up coming, just too many sell in May comments floating around.