Now, if there was ever a year when a third party candidate had a real chance of winning this is it. Especially a third party candidate with a billion bucks to blow.
I mean, people hate Bush and people now hate the Democrats for not standing up to Bush.
We need a third party now!
The decline in the dollar doesn't matter for "real Americans," that is, those who buy their products in the US... unless they're out buying Gucci handbags.
I've heard that repeated by the talking heads all day. While I'm not an economist, I'm sure that's an oversimplification and that there are other ramifications.
Yesterday I was, in a word, "de-balled." I just want to briefly touch on what it was like to be squeezed for over 50 points in FSLR.
It sucked.
Okay, moving on.
At around 3pm, my balls were handed back to me by "mother market" and I was able to resume trading. Actually, I was massively short at 3pm and got badly squeezed giving back $1000 of my then, $2500 in profits. "Mother market" is one fucked up chick.
However, due to the strength of that squeeze, I realized that it was probably a buy program. I took a look at C and GS, which were rallying hard, took a deep breath, and started to buy stock hand over fist.
Funny thing is that I really bought the wrong stocks. My largest positions, DSL, FLR and MTG all either shook me out or didn't move in a way that allowed me to profit. Instead, I made good money in smaller positions in CMI and FXI.
Basically, you could have bought almost anything and made money. That's my kind of rally.
Earlier, I caught the bottom in DRYS with 300 shares. I mean, not "the bottom" exactly, but close enough. I bought around $91.80 and sold at around $95.
Now, you can be a dick and ask my why I sold so "early" but the fact of the matter is that at 1:00 we hadn't entered "rally mode" yet and it still looked like the sky was falling. I thought it wise to take some profits and get ready for it to go back to the lows.
Anyway...
So, I'm a little shot right now. I'm going to let this post die and go play with my kid.
Here's the stats:
P&L, $5179
Best, DRYS, $971
Worst, GHL, -$422
82,100 shares traded.
22 winners, 11 losers.
461 trades.
Me, $5179 on 84,100 shares traded.
Evolution, $1542 on 125,600 shares traded.
Dehtrader, $967 on 3100 shares traded.
OBAT, $105 on 23,200 shares traded.
Wincity, $40 on 700 shares traded.
Denarii, $27 on 2200 shares traded.
Akalawoo, no trades.
Stewie, seen with a can of Macademia nuts... developing.
A "W" bottom.
Always nice to see the market get smoked and then come back almost 100%, no matter if you're bullish or bearish... it just makes you feel good.
I'd normally make fun of CNBC here, but I had my TV on "mute." I just couldn't stand to listen to Maria. Did she mention the MOC buy imbalances? If she did, I'll give her some credit but I kind of doubt she did.
Anyway, it was a good day for the VO as everyone finished in the green. And finally... we got volume. 2 billion shares of volume. Now, I'm not sure if that means we put in some type of temporary bottom or not, but I will say that the 1455 level in the futures was also important in August. 13,000 may also be providing some kind of psychological support on the Dow. I think we've used up our Wombat for the next few days.
For me, this is good as tomorrow I'll be trading only a half day. We'll be in the big city all weekend. I'll try and get the VO up, but no guarantees. As you can see, Stewie was found in the corner of the VO today with a can of Macademia nuts and mumbling to himself. You recall what happened to Bubs... anyway, something may be up.
Go ahead, throw on a few large positions in your favorite crazy "momo" stocks and listen to this song at the same time. I dare you.
Read part 1, here.
It's a running joke among my family and friends that without Judy, I'd be in big trouble or perhaps, already dead. It had only been 2 hours since she'd left and already I had botched a simple financial transaction and managed to lock myself out of our house.
Why? You might ask, did I not have my key? Because the day before was Halloween and I didn't want a lot of shit in my pockets when we went trick-or-treating. I don't like carrying shit in my pockets. I removed the house key from my keychain and then, I had forgotten to return it.
I put my pizza down on my back porch and secured it in place with some rocks, so that it would not be blown by the wind. I walked down the block to get a spare key from a friend. She's an old woman who lives alone. We hadn't visited her in awhile. She opened the door with a big smile.
She just bought a new car. She proceeded to tell me all about it.
"I mean, you won't believe it. I say 'XM5' and the radio comes on. I mean, isn't that something? Can you believe that? Guess what color it is? 'Midnight Moon!'"
It was clear she hadn't seen another human being, in weeks.
She continued... "It has a 'spoiler' and I told the guy, 'Look, 70 year old women don't need spoilers! HAHA! And he winked at me and said, 'No, but 50 year old women do.' I mean, can you believe that?"
This kind of talk went on for some time while I imagined my pizza getting colder and clammier. Still, there was nothing to be done. I nodded... I said, "Really?" I fixed her printer, hooked up her DVD player and patiently sat as she showed me a number of chain emails she had received in order to help her determine the credibility of each.
"Don't send the money to Nigeria," I cautioned. "I think that one's a fake."
Then we drank some scotch and she showed me nude photographs of herself taken when she was 23 years old.
Anyway, by the time I got out of there, key in pocket, the dwindling light had faded and it was pitch dark. Luckily, I live in a neighborhood that doesn't suffer from excessive lighting. we don't have street lamps and most people don't use obnoxious floodlights to keep their asphalt and grass well lit while they sleep. I walked home, enjoying the stars.
As I neared our house I got excited about my "Mardi Gras" again, even though it would now have to be reheated.
Take a walk at night and you'll notice that your footsteps seem to make more noise than they do during the day. With all of the recently fallen leaves and beech nuts on the ground, I sounded like Autumn itself as I walked up the driveway. However, this peaceful rustling of my feet was soon overtaken by a commotion and a cackling twitter, taking place by my back door.
I stopped to listen. "Hey!" I said, in a stage whisper. There was no answer... I walked closer.
Something ran by me and I noticed a strong odor in the air.
"Tabasco?" I said to the darkness.
My $40 pizza had been eaten by raccoons.
When I got inside I called Judy.
"Please come home," I pleaded.
