Friday, August 21, 2009

Ahhh...

Another day... another bear rally... another "we are close to getting out of the recession" speech...

well, i officially will have another loan paid off before months end.

DUG as i have been pushing just dipped below 16. I wish i had $ to buy some... but hey i am in no rush.

A buddy of mine is busy making coin... follow him at ibankcoin.com/gioblog.

I have neither the discipline nor the attention span to keep up with him.

Anyway, my wife found a few old papers... among them my original purchase of AAPL @20.14 sometime in 1998. of course my history of trying to make up for the fact that i didnt understand how much more $ i could have made from 2004 to Jan 2006 using options. Thus, i sold off my precious shares to enter option calls instead. And... there was my ultimate failure. Entering a trade(s) that i didnt fully understand. Some of this was Greed(who wouldnt want to semi-retirement) and some was just plain finding a fast way to pay off a few loans after getting married, her school loans and my dumb credit loan i thought i could use to leverage a trade. At least the ring/wedding/honeymoon were all paid off this year.

In the end, i still made thousands... and lost them as well. And as this market has taught me... there really is no rush to get back in until i clear up whatever loans we have. that right there will save me a hundred or so alone per month. So, there you go. Preservation...

And I still believe we have another bear window nearing (thus my love for DUG/FXP etc). You cant convince me that unemployment going forward will improve... (of course they could if these people would humble themselves and take lower paying jobs).

This was a long-winded blog. figured i get it all out. hey maybe DUG can get under $15 (52 wk low was $15)! Again if i only had free capital. The one bull stock? *sigh* AAPL. The one bull sector? alternative energy (one day this Obama friendly sector will be back... for now oil still rules)