Friday, February 8, 2008

Black Eyed Peas & Barack Obama, "Yes We Can"

Let's hope for some solid Barack victories tomorrow.

God I hate celebrities... especially the lady with the tattoo on her bicep. Who was that chick?

SWC Rips, JJ Gets His Day In The Sun

I'm gonna keep this short and bitter.

I got hosed trying to "pick a bottom" in an earnings play... a high risk, high reward type of trade.

I was stopped out near the lows... very frustrating to see it rip about 10 minutes later.

My best stock was RHD. This was another stock that got slammed. At the end of the day, I caught a nice move from $18.45 up to $18.85. I had earlier losses in this stock, so I was able to make those back and go positive in him, netting $167.

I surfed in the middle of the day. Best waves for me in months. 4-5 foot and perfectly clean.

So, sorry to keep this short and terse, but we have dinner plans and I'm outta here!

Don't forget to stop by and see what bloggerdotcom has to offer. Feel free to harass him via the comment section about his old picks, OMEX and SHERF.

Meanwhile, if you're interested in being a weekend blogger here, email me.

Also, holy shit SWC!

Here's the stats:

P&L, -$556
Best, RHD,
Worst, TDG, -$297

16,600 shares traded.
12 stocks traded. 5 winners, 7 losers.

Virtual Office, -$540. SPX, -9.20, 1331.00.

Sanglucci, $530 on 11,000 shares traded.
Misstrade, $500 on 2100 shares traded.
Tim Sykes, $68 on 2000 shares traded.
Wincity, $1 on 100 shares traded.
OBAT, -$20 on 17,800 shares traded.
Denarii, -$79 on 1800 shares traded.
Me, -$556 on 16,600 shares traded.
Dehtrader, -$984 on 9280 shares traded.

I may be biased because I lost money, but I don't feel like it was a great day to trade. We traded less than 1.5 billion on the NYSE and the VIX was flat. The market internals were also flat for the majority of the morning. In short, a snoozefest.

Anyway, the VO limped into the weekend, not the best way to end the week.

Don't forget that bloggerdotcom will be here to entertain you all weekend with "off the cuff" stock posts, poetry, and naked pictures of stuff.

I'll probably poke my head in as well to talk about the democratic primaries tomorrow in Louisiana, Washington and Nebraska. Stop by.

Enjoy your weekend.

When Genius Failed

I finished "When Genius Failed" this past week. I recommend it. Here's a teaser...

Through the middle of August, Long-Term Capital had been having a bad year, but only a bad year such as any fund, or any capitalistic enterprise, must sooner or later suffer. Its reputation, like its capital, remained intact. Its overall record sparkled, and its name, among the members of the financial cognoscenti who truly knew the firm, often gave rise to the very term "genius." Long -Term was unknown to the general public, but that is how Meriwether and his boys wanted it, and that, of course, is how they expected the fund to remain. They could hardly have had a glimmer of the large, even historic events in which they were to play a leading role, nor of how radically their fortunes would change. Much less could they have imagined the stunning swiftness with which such events would unfold. In late summer, as Wall Streeters scurried for the Hamptons, the partners were among America's most prosperous, most successful, and most highly esteemed investors. Their fund had $3.6 billion in capital, of which two fifths was personally theirs. It would take only five weeks for them to lose it all.

Good Morning

Time: 8:27
Mood: Freakin' Happy