Well, the One Year Anniversary of the newest iteration of TheAcsMan is coming up
For the very, very few that have been following along ever since 2007 or so with Szelhamos.com and then the original TheAcsMan.com, you may recall that both shuttered on the one year anniversary date.
OptionToProfit.com went on for 5 years, but this time around, it’s time to revert to old ways again and TheAcsMan comes to its end
in a few weeks tomorrow upon the occasion of its first anniversary.
But, in the works is LEAPToProfit.com which reflects where I always knew I would be eventually headed with my investing habits.
That means less trades, even less writing than I do now. Continue reading “Happy One Year Anniversary to Me”
It’s time to move onto the next phase of my investing life.
If you are a retiree, that doesn’t mean following the old conventional wisdom and moving into fixed income asset bonds.
Perish the thought.
It’s time to “LEAP to Profit.”
I’ve never made any secret of the fact that I don’t read very much.
My daily ritual of reading DIlbert and The New York Times Obituaries was recently complemented with James Altucher’s blog. I actually thought long and hard about whether to refer to it as being in “complement” to or in “supplement” of my daily activities and realized that there really wasn’t a word to convey both impacts.
I’ve linked to it a couple of times and bored readers of this blog have clicked on that link, which has also activated a small hidden webcam near their laptops, in addition to any resident webcams you they already have.
I like my fuzzy clandestine streaming to be in 3-D.
For those who read this blog on a regular basis it doesn’t come as a surprise that I don’t read much. In fact, there’s really not a strong body of evidence that I even read my own blog, much less proof-read it.
And forget about reading for the sake of getting my information right.
When I was younger, I was horrified to find some ham in our refrigerator since it’s not Kosher, as you may be aware.
My mother, in response to my pointing this out to her, said “if it tastes good, it’s Kosher.”
What a great philosophy.
I use that philosophy with my supportive facts. If I believe them to be true and accurate, then they’re true and accurate.
A “Kosher pig” is an example of an “oxymoron” until some moron ruined it about a decade ago with the discovery of a species of pig in some god-foresaken rainforest that might just satisfy all of the criteria necessary to be considered Kosher.
I wrote about Oxymorons a few months ago, but with an emphasis on the “moron.” The thought was rekindled a few days ago reading one of Altucher’s blog entries.
He was asking whether there could really be anything such as an amicable divorce.
In a world of delusion there probably exists such an entity, but then again delusion and the real world are themselves mutually exclusive.
In the real world you end up in “divorce court,” which, wouldn’t you know it, is itself an oxymoron. Just for fun, see if you can find all of the highlighted and hidden oxymorons in today’s blog’
Today, I watched what was called by many a “stunning reversal” in the price of silver.
In fact, they were correct as silver one upped gold and not only cut its earlier steep losses, but ultimately had a nice gain at the end of the day.
One of the things that I’ve come to like are “tag clouds.”
For someone who doesn’t like to read, tag clouds are just great, unless you get bogged down by the concrete concept of tagging a cloud. Or having physical contact with an etheral concept.
Thinking too much isn’t an oxymoron, it’s just an impediment sometimes.
Through the tag cloud by simple virtue of font size, boldness or color, you can immediately know what’s important to the author. You may not know whether it’s love or hate, but at least you know about the intensity of the apathy.
In my case, the tag cloud lets you know that I have some recent passion about silver, more specifically in the prospects of silver prices doing poorly, as I own the leveraged silver ETF that appreciates in value as silver prices drop.
Before I owned the shares my interest in silver was neglible, other than as an historically important treatment for gonorrhea and vampires, as well as syphilitic vampires. You would have known that as the words silver, gonorrhea, syphilitic and vampires never appeared in the blog’s tag cloud.
During the course of the day as the Dow closed up 135, at its high for the day, the ProShares UltraShort Silver ETF closed down $2 from its intra-day high. That drop represented about a 12% move, which was of course exaggerated compared to the actual movement of the underlying metal, due to the leverage.
Think of leverage as being a financial tag cloud, only in reverse. The less you put on the line, the bigger the potential risk or reward.
In that way, think of Jon Corzine as being about 13 times larger than the most leveraged ETF currently approved for trading. The difference being that the leveraged ETF is typically highly sector focused and doesn’t require much in the way of thought process.
Well as Dennis Gartman might say. Thought on and thought off.
On the other hand, under Corzine the focus was placed on an aspect of finance for which resident expertise at MF Global Financial was missing. Yes, that’s right. Your local MF Global Financial knew nothing of international currencies and swaps.
Actually, to be totally fair, both are exceptionally intelligent morons, based on my archival research.
“Stunning reversal” doesn’t really qualify as an oxymoron in the classic sense, although there are many variety of “Oxymora,” but just like doing a treatise on what makes something funny is immediately not funny, so too is an encyclopedic look at Oxymora less than intellectually amusing.
No one should ever be surprised by “stunning reversals.”
Have you ever been to a 25 year high school reunion? Just look at the gut of the guy that was on an athletic scholarship.
Have you ever looked at every stock chart ever?
Unlike last month and the one before that, so far during this entirely unsatisfying January options cycle, I haven’t had the opportunity to benefit from the recurrent big spikes in silver prices.
In those months, just as today, the stunning reversals were predictable. What was certainly unpredictable was the inability of thr talking heads to portend the past.
And so here we are, about to enter the last trading day of 2011 and very possibly having survived the single most roller coaster year ever in trading.
True, we didn’t have a “flash crash” nor did we have any memorable declines or rises, but that’s only because there were so many.
And just like a roller coaster you end up exactly where you started, just feeling a bit more queasy for having been intimately involved in the sausage making process.
But man, is that sausage “damned good” or what?
This is yet another in a series of unsolicited blog submissions from George Pick, who is currently serving as an advisor to the Herman Cain Adultery Campaign.
During lapses in medication dosing he finds the time to write and peer through neighborhood windows. Today’s blog was clearly written during a period of delusion.
Thank the Lord for laptops….what we do without them?
What a great world we live in. Offices, who the heck needs them?
Why do they call it traveling when you are immersed in the morning rush hour and standing perfectly still? The last time I remember being that still was when my 5th grade teacher Mrs. Chivis yelled at us “clasp your hands and sit still” and it scared the crap out of this 10 year old.
As her bifocals were keenly balanced on the perch of her nose and, of course, that long chain anchored those bifocals, I remember thinking “if only they had laptops in these glory days.”
I could have wrapped up my 5th grade education with an on-line course and sent the ole battle axe a packin. I never did find out what her first name was. She will always be Mrs. Chivis who scared the crap out of me.
I guess you could have labled me CRAPPY STOCK. I think she did……
Time out for an Egg Cream break with 2 pretzel rods…..O.K. I’m back….
I am sitting in my antique style chair at my desk with my trusty laptop
Wat a buy the chair was $649. and the desk was $1200. I got them both at a tent sale for $170. Floor samples. I just love a great buy. It’s thriling to know that you didn’t screw up, you actually got a well thought out bargain, sorta like a crappy stock.
It’s thrilling when you buy a crappy stock and it soars. Ya know the kind of crappy stock that Cramer would not give a mention to, nor would it ever make the 8 o’clock hour on CNBC.
Who buys that crap anyhow?
So I bought this stock called ZOOM. Admitedly I am not a long term investor. Just do not trust the economic volatility in today’s world, but I do trust a penny stock?
What am I thinking? Mrs. Chivis should have had me wrapped a little tighter. What a crappy stock.ZOOM is. but who cares if it makes a whole bunch of coin,.or in this case a whole lot of Benjamins…
” Wanna be ballers, shot-callers It’s all about the Benjamins baby Brawlers — who be dippin in the Benz wit the spoilers It’s all about the Benjamins baby”
O.K. I’m back…..
I wrote an in-depth post on a forum that I frequent and clearly explained my logic. Funny, though how child molesters aren’t that interested in stock picks.
One response yearned for a clear explanation of my sanity. “Do you realize the crap this company distributes” asked one poster?
Yes I realize, .the kind that just paid me a huge return. Who cares what they make? I am not touting their product, I am not getting into a long term relationship. Heck we are not even dating. This is just dinner and a movie and hopefully a happy ending.
I am not an options guy. Not good at it. I leave that for brilliant minds like my friend the TheAcsMan.
What I like is a great buy…PERIOD.
A great buy is a great buy, no matter how you twist it.
What constitutes a great buy? When the value of the item you are buying outweighs the dollar amount spent on the item.
I look for reversals that are forming. Chart patterns that show signs of breakouts. I.love to find 50 Moving Averages’s crossing 200 day Moving Averages to the up side.
Cup and handles.
52 week lows reached because of some analyst downgrade.
You get the picture.
So I proceeded to buy my bargain on Monday at $0.93 and by Wednesday it hit $1.60.
That’s what we technicians would refer to as a “lucky call.”
I need to check with Chase to see if they have a money market that pays that type of interest on my money, or that minds that there’s white powder coatiing my deposits.
What a crappy stock
I think it is a great stock and it is reaching that 90 cents level again as I write this useless information.
Alex I will take useless information for $1000 please..
And by the way dinner and the movie was a perfect date and YES, a happy ending was in order….
“Enormous cream, forest green — Benz jeep for my team so while you sleep I’ma scheme (that’s right)”
O.K. I’m back.
I love not having to drive my car to an office. I owe that to people named Gates, Jobs.and too many more to mention. The great innovators of this generation. Because of their brain power and consistent commitment to create, I can take my laptop to the crapper and purchase a crapy stock
All while I am taking a crap.on the crapper.
Somebody save me.
Did I just pay homeage to those brilliant minds or scar their memories forever?.
Who gives a crap?
And talking about crap, how about esearch in Motion? .I lost some Benjamins on that one. I got out quick and shaved my losses. Could the analysts have madee up their freakin’ minds? Is it a buy or a sell?
Break up the company and sell the parts. Change management. Make a WHITEBERRY so it looks like an iPhone.
Hey RIMM, wake the F**k up. It’s 2012 you fell asleep and the world has changed.
Sorry, I know NO emotions when it comes to stocks. No personal involvement. Just dinner and a movie and hopefully a happy ending. I couldn’t help myself.. I dated RIMM and.I usually do not date that type but I had to stay and see if I could eventually receive that happy ending.
Well I didn’t .
NO happy ending. Paid for three dinner dates and still no happy ending so decided to cut her loose and date within my limited capabilities.
So the question is which stock is a CRAPPY STOCK?
ZOOM with a happy ending or RIMM with no happy ending.
“You …You got what I need…but you say he’s just a friend yeah you say he’s just a friend….You..You got what I need….”
O.K. I’m back….
Can you say that again?
Kimberly Clark. Sounds so wholesome. The type of girl you take home to meet your parents.No happy ending, but she will put a smile on your face.
Sncere, wants the best for you and is always consistent. Looks like she just fell out of a J.CREW catalogue.
Certainly not a CRAPPY STOCK, but I have to look deep inside my soul.
OK. not so deep.
I am not that deep of a soul and by my standards of weighing values I guess I am what I am.
I just want a happy ending when paying for dinner and a movie. A bit chauvanistic, but stress release is imperative to my stability which in turn has a profound effect on my sanity.
Not RIMM type of crappy, but ZOOM type of crappy-happy..
Although if I purchased RIMM @$13. and it went back into the 20’s, 30’s.and then all the way back to the $70’s, I could eliminate the “CR” and replace it with an “H” and RIMM could be a crappy-happy…happy ending kind of a date.
But you know how it goes.
You start dating again and all is well and then you get blind sided. But it is hard to fathom that the stronghold it had on the corporate world has slipped through their sleepy minds. Perhaps management needs happy endings to stimulate their thought process. Kimberly Clark is a great date and even a better long term relationship. Perhaps marriage would be a good dividend, but I like my crappy-happy stocks….
Back in May I believe it was Cramer who touted Motricity at $30 or so and then admitted that he had made a mistake.
Does Cramer get …..?
Then a Motley Fool article said “sell and stay far away.” I think it was a December article.
So who’s right ?
In my view neither was right, but hey that’s just me. Instead of “buy” and “don’t buy” when is somebody going to look at any item and say “O.K. I did my research so how do I play this to my advantage?”
I purchased MOTR at close to its 52 week low. Then December 23 it gained 22% …..CRAPPY STOCK.
28% of the 33 million share float is short., but Carl Icahn has supported MOTR with a $20 million investment and owns 15% of the company, and yes there is another person with the same last name that is an insider.
It is going through some executive changes and probably a short squeeze. It has been in a tight channel since August and the broke out of the channel to the short side and reversed in the past few days with increased volume.
Is the short squeeze on? We shall see. Just watch the volume as it tells the story…..
My thinking is there are no crappy stocks. Only people that enter and exit a stock at the wrong time. Bit if crappy stocks keep giving me high returns with no marital obligations and all the baggage that is attached, I will keep dating with some dinner and a movie.
And that movie better COME with a HAPPY ENDING….
” But this ain’t a joke, I want you to know that Tech ninna is never pretending.. Alone in my bed, a gun to my head, asking WHERE IS MY HAPPY ENDING? “
“Clasp your hands together.” I wonder if Mrs. Chivis is out there reading tonight?
If for some bizarre reason you feel a need to read George Pick’s previous guest blogs