Buffet. Buffett.
Can words describe this deal? 5 Bills of preferred equity and 700 Million warrants at 7 bucks. Get out of town. Shut the front door. I'm still down and out on BAC but it's retribution enough that bears are being impaled skyward by none other. What else is there to say? The man's a monster.
Thursday, August 25, 2011
Tuesday, August 16, 2011
Where's the red
You call this a down day?! If you don't know who I'm talking to it's safe to assume it's the American media because they are the easiest target on the planet.
C'monnnn. We're not even down 1%. Everyone knows last week was just some trillion dollar shennanigans. And everyone is mad about it. Mad that they got scared out of their positions. Now they want their money back. Even if they have to rally this mother trucker past previous highs.
C'monnnn. We're not even down 1%. Everyone knows last week was just some trillion dollar shennanigans. And everyone is mad about it. Mad that they got scared out of their positions. Now they want their money back. Even if they have to rally this mother trucker past previous highs.
Wednesday, August 10, 2011
Let it be known
I made money shorting the swiss franc yesterday. The swiss franc rallied 5% vs the US dollar yesterday.
This needed to be chronicled as evidence to my "give me a market and I'll give you a profit" mindset. Tight stops and balls of steel.
Ideas are scaled by execution. Even a bad idea can be executed into a profit.
This needed to be chronicled as evidence to my "give me a market and I'll give you a profit" mindset. Tight stops and balls of steel.
Ideas are scaled by execution. Even a bad idea can be executed into a profit.
Monday, August 8, 2011
World Ending
Here's a math problem for you, if we go down 5% a day every day, how long does it take for the world to end? Answer: Next Month.
This shit can't continue. It's literally hysterical. I didn't get out last week, and I should have because I am small and liquid. I won't sell here because I do not like to wear mine or anyone else's ass for a hat. I would prefer a coffin first.
This drop is so unlike 2008. We've seen it before. Let's head down.
This shit can't continue. It's literally hysterical. I didn't get out last week, and I should have because I am small and liquid. I won't sell here because I do not like to wear mine or anyone else's ass for a hat. I would prefer a coffin first.
This drop is so unlike 2008. We've seen it before. Let's head down.
Thursday, August 4, 2011
Choppin
Took just over 10% of my portfolio and bought RIM shares with it yesterday.
A lot of people say "Why try to catch a falling dagger?"
To them I say "Why not, are you afraid?"
It's clearly a value play. I could lose all my money in a year if RIM gets dominated by APPL and whatnot sure. However, RIM doubles in price as soon as it so much as sneezes a profitable new product. I like RIM management, they've shown they can stick to their guns. I would like to think these guns can blow the limbs off of short sellers (mostly americans and/or foreign institutional investors that underestimate the human capital pool RIM has access to).
I hated RIM for a while, then I got over it. You will too.
A lot of people say "Why try to catch a falling dagger?"
To them I say "Why not, are you afraid?"
It's clearly a value play. I could lose all my money in a year if RIM gets dominated by APPL and whatnot sure. However, RIM doubles in price as soon as it so much as sneezes a profitable new product. I like RIM management, they've shown they can stick to their guns. I would like to think these guns can blow the limbs off of short sellers (mostly americans and/or foreign institutional investors that underestimate the human capital pool RIM has access to).
I hated RIM for a while, then I got over it. You will too.
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