Friday, February 27, 2009

Every tried Safari 4? Awesome browser... However,

AAPL itself will/has fall but I am unsure... Awesome products, stock stinks since 2008. Anyway, this is one company that will be uber powerful if this recession ends before long...

For now i have puts on AAPL and have a a few shares of FAZ... of which i should have had more...

Anyway, some of my co-workers are saying 6000 on the DOW within the month... I really dont know if that will happen, but i do think we will get there some time this year.

Tuesday, February 24, 2009

The Missing Stop... on FAZ

Well, as i even noted in my previous post. Selling above 80 would have been a good idea. The sell off was merely another leg to a lower day in the future... I admit about being bummed about missing my sell point and rebuying here (mid 50s), but my belief is that we are still waiting for the big bust...

Today would have been a good day to reload on puts. but alas, i hate having expiration dates...

Thus, I continue going forward on FAZ. My next sell point will actually be higher if we do sell off tomorrow... If we get higher, Its all about riding it out for the rest of the year. As the summer slump approaches.

But if anything, today was merely a banking of profits for the Bears.

FAZ still has ALOT of upside

Last week Tuesday, I overheard a doc @ a hospital mention how these inverse ETFs would eventually be useless and that NONE of his mutual fund or his supposed inside fund manager friends say they would rather not trade something like FAZ.


Yea, your idiotic fund manager friend is right in the long term regarding how these inverse or Bear ETFs are funded. But look here... buy $39 and change and a couple weeks later $79... and i actually missed it going to $85 (my sell stop/limit would have been $80 and rebuy @<70)

Anyway, the point is, these fund managers may be smarter than me or have a gigantic portfolio. But all this extra talk about NEVER trading Bear related ETF is stupid. Bunch of talk... blah blah blah...

And the funny thing is i told a co-worker to buy FAZ under 39... and he told me today, I should have listen to you. I did ease his feeling of missing a move by telling him I missed a lot of moves after having gotten bored - at which point of course the tickers i followed suddenly moved while i fell asleep at the wheel.

Anyway, i follow REAL fund managers and REAL traders (Fly, Tim, etc), granted i could be piling up more $ if i paid more attention to my portfolio... The investors I follow are all double digit % up. I'd like to know how this Big talking doc is doing. All these supposed secret trades or buying up whatever debt deals are all speculative.

FAZ is making me (the regular dude) $$$$. Of course, i was blasted late 2008 and have little to show at this point, but I know I am doing better than the Doctors fund friends... bunch of wusses...

Excuse my rant... I would love to shove it in their face, but alas one of these docs could save my life one day...

Monday, February 9, 2009

FAZ... i am back in... and hedged.

FAZ <40? Of course it's a buy. It actually got <39 - no doubt a buy there.
Going option calls on FAZ was tempting, but alas i have no time to look at this thing with all this other "more important" stuff going on.

Look, I am still hedged on FAS and TAN (solar ETF hasnt done anything, but is there for Obama backing).

I am just working to get my debts down and get back in the black come 2010 if not sooner.

Wednesday, February 4, 2009


Hey, I sent a text to a trader i follow and btw is up last year and so far this year. I had to mention my confusion yesterday regarding reverse ETFs. They were all being bought while the market was up >1%. Whah???

Anyway, my positions are unchanged. It looks like this market will head higher albeit at a snails pace... until more bad news that is...

I missed a bunch of earnings misses A.K.A. option put entries. But hey, i dont trust the market. There have been times i bought a put prior to earnings... and although the news is bad, buying of the stock occurs.

I still believe in FAZ. But not here. <40 was the entry i missed and did call... altho i didnt post it. I told a co-worker newbie to watch that ETF and i gave him the exact entry. Whatevers... more opportunities await for sure. I am busy with "more important things" and one of my buddies is getting married in a few months...

I also await a settlement from a car accident almost 2 years ago and will see if i can settle for more than what is being offerred. Then use that $$$$$ to pay down debt. In fact, that is the best thing we can do... rid ourselves of debt.

And i will try to get my taxes in order so as to get a refund before the Fed gov't turns into California with the I.O.U. checks.