Boom! Headshot.

AMD up 15% as of 5 minutes into the future. I'm holding because I care not for spurious events and have greed in my veins. I believe this is a catalyst to continue to move higher. Stupid, silly analysts. I could do more analysis from my memory on the back of a napkin at one of your petty american fast food restaurants.

Feels good to win. But not too good. Never good enough.

One Shot, One Kill

Speculation at its finest here folks. AMD announces earnings tomorrow, had a bearish beatdown over the past month, has strangely traded upward this week, like a cat sneaking up on a mouse.

I got long and strong AMD today. I see it going to $9 with at least a 50% probability, and barring the whole market going materially lower I don't see it south of $5. It's just math, don't take it personally.

Updated 4 hours later: Intel Posts Record Sales, earns normalized 0.59 per share vs 0.51 analyst estimates

I was Dead Wrong

About BAC. Bank of America. What a piece of crap. 12.50 Jan calls virtually worthless. I admit all this on the day BAC breaks $10 on the downside because that was my target to recognize the loss. Not a monetary target, NAY! Money is for the common folk. This loss is far worse than that, it is one of pride. I thought I was fighting the good fight, buying America. Bank of America. You can now buy a piece too, for only $9.99. This price happens to correspond to a $100 billion valuation. How foolish was I to expect something like a national bank of the great American empire to be worth more than something like a social networking website.


Facebook and Bank of America have the same estimated value right now.


Yes there are plenty of good reasons for this, but just take a look at that line again tell me something inside of you doesn't find this rather absurd. Don't worry about me though, I'll get mine. I'm gonna go all nutty and start wearing bow ties and buying/drinking high quality oil on the daily.

Who Cares

Instead of being frustrated by the sluggish market and doomsday scenarios I'm just ignoring them. It's becoming pretty clear that calendar 2011 is going to be one of THOSE years. The ones that you look at in recoveries and think, "Hmm! wonder why that happened..". Human nature likes to find things to worry about when it becomes impatient.

We go down until Sept-Oct and then come back up when the economics turn out to be stalled and not downtrending. Look for seasonality similar to last year.