Last Week Summary... Other news...THE PATENT

I bought some Apr 65 puts last week.(knowing the way things have gone for me, the stock will likely go up) Why puts? Well, eventually the market is never happy with AAPL. The best time to have done this was likely MacWorld. But i missed the boat on that as well as SNE puts. That wasnt hard to see coming.

OTHER NEWS...AAPL will likely go up on a patent...
Apple was awarded that Mult-touch Patent (on mobile devices). Trouble now awaits for any touch screen hand held. So even though PALM has been the main target by the media regarding this threat (being they are weak), RIMM, NOK, Samsung, LG, maybe MSFT... Anyone, who has some sort of gestures or multitouch will face a legal battle. And the thing is AAPL has $28B and growing to protect its newest platform.

So, my eyes are again on RIMM/PALM long puts...

Otherwise, i have puts on a defense company, AAPL... and hedges on FAS/TAN...

missed the FAZ. HOLDING pattern on FAS & TAN.

No choice but to hold.

I have thoughts on getting in on monthly distribution type investments...

Will inform later. But least to say everything is dirt cheap.

AAPL will be interesting. Could it reach a new low today? Or is the apathy priced in...

AAPL panic selling... I did warn people... FAZ train continues.

I just wished i bought AAPL puts instead of RIMM. And now i feel we will gap down on the NASDAQ. The thing is, this might lead to an awesome time to buy AAPL if it ever gets to the 50s. Big if...

The FAZ train has passed it may even get to 60 by weeks end *sigh*... i should have at least average in. Now i am sidelined until at the very least next week.

Sitting Out... Watching

FAZ has been a good trade for me. I have two accounts. And it seems like i should have left one account as my hold account.

TAN is back on my radar. I am hoping that Obama says something about Solar... Although i wonder if going U.S. solar would be better than TAN. If so, i think FSLR is still the leader...

Gio has warned everyone that the VIX is back. I will follow it again... and this time obey...

FAZ stopped out @ 2 levels

The ending of 2008 pretty much summerizes my inconsistent/undisciplined style. The picks were good. The lack of setting stops and booking profits has been my downfall. The HTX trade was one of the worst trades i have done. I took myself out of trades that involved put buying FXP and then buying up C that would double and again put buying the inverse ETFs at the end of the Turkey rally.

Regarding my worst trade of all time? It was NOT leaving AAPL stock alone(sold it @80 in 2006 and started trading options - lost me more $$$$ than i want to think about.

Even though i missed the high today by about a dollar, I knew the thing would sell hard at days end relative to the 2 hour real time graph:

Stopped on 1st small bunch @47.9 ask... then 1/2 hour later the smaller portfolio @48.5 ask. I kept moving my stop during the day.

Booked my profits as the upcoming Obama rally may be upon us. All the earnings this Q might have well been priced in.

My lone FXP call will not hit unless there is some sort of blue chip bankruptcy. Same goes for RIMM jan 30 put. that was a waste.

I am thinking of switching to half FAZ and FXP. I am tired of options and will contine to devote my puny portfolios into inverse ETFs. The only stock i plan to touch at all is FSLR or any non-china Solar as my Obama trade.

Anyway, tax season is upon us, and i will be one of the many getting a return as one who didnt bank anything except at my real job. And looks like i will have 2009 to carry over my losses. That's my only "silver" lining (actually Solar lining would be better)

Like i said, FAZ... Btw, education stocks on fire...

I watched FAZ dip to 34 a few days back but now it rides 40. In other words i am back green on FAZ. My options in RIMM & FXP have not turned out at all.

Oh and Gio hit it right... using fundamentals of all things...(not the VIX). Talk about old school. Anyway, i enjoyed my time off doing other stuff... So, its nice to know i have FAZ just sitting there waiting for an explosion of sorts...

The NBA is very interesting tonight. Celtics and Cavs. I hope Cavs whack the Celtics. I dont particularly like Lebron, but i know he will replace Kobe one day as the best in 4 years if not sooner. I mean, few will take a charge on a Linebacker sized body. He can go to the hoop almost anytime. Kobe on the other hand has a full array of AMAZING shots from any point of the floor. The craziest shot was a FADING 3 Pointer... with his LEFT HAND as time expired... Lucky? Maybe... but he shot it and it went in. Anyway, just saying that we should enjoy Kobe before he retires. Lebron is the future.

Enjoy your weekend... if you dont oh well... i will enjoy it for you...

Tax season!!! I will have $$$$ to deduct even though i cashed out some government bonds. Unfortunately a few bad trades cost me in 2008 and I only caught the tail end of the crash only to be blind sided in the year end rally. So, in the end, I still win (i am not trying to sound like FLY)...

MacWorld cool... Apple stock: forget it...

If you have money to risk fine...

I am personally more interested in some new Macs... honestly, so the Refurbished ones are cheaper... maybe i will bite...

The oil trend is definitely continuing. I can't wait til all this Obama stuff gets done with...

Patience...

Asian markets are up at the time of this post... And all i can say is, let the Obama propaganda begin...

Thus i stay right where i am... if you have options puts... lengthen the window. The crash is coming, we just dont quite know when.