Notes

Watch BAC report some positive earnings due to gypsy accounting rules and shoot up. Watch them.

I really have to get around to opening a forex account so I can short the USD vs. CDN.

Been watching a lot of portfolio managers on the Canadian business station. Bunch of green energy and gold clowns. There are patterns on the show, Trinidad Drilling seemed to be a consensus choice of the smart ones for a drilling play.

If the DOW actually does decide to go to 1000 (I did hear that prediction today) I'd probably look to buy Canadian banks. They are pretty solid and get hammered a little too hard due herd mentality.

I actually made a nice gain in this rally with some borrowed money. For the first time I see the sense in not being 100% long and have moved to a bit of cash with the gains. I'm learnin' folks.

I'm still alive

I've lost the will to develop new strategies and come at this whore of a market from any new angle. There is only one angle. 60 degrees. Downward.

You see, there are benefits of being a student. My life can afford me the luxury of being able to drink myself out of this mess. Problem solved.

Death

Each day I summon up enough courage to look at my wreck of a portfolio. I then muster up enough strength to convince myself that stocks are worth buying. Then the market goes lower and I do it again the next day. At least now I have no fear of god, for I am in hell. Only one thing to do in hell; keep going. Yes I know I ripped that of Churchill.

Rock Bottom

It's feeling very foolish of me to have bitten off more than I can chew with this whole investing biz. If you like to gamble you might like to take a look at the price and volume action in BAC, it's kinda bullish, just sayin'..

Be forewarned, you could wind up like me walking around public places listening to eminem beats getting ready to stab someone.

Options

I'm thinking about getting into options trading. Why? Why the hell not. If I'm going to gamble in the stock market mind as well do it big.

Seriously though, considering my peanut size account, age, and arrogance I am not exactly risk averse. I almost want to study the theory behind derivatives. Almost.

Instead I'll just start watching the price changes and read up on everything practical for derivatives.