August 2009
5 posts
"I operated very consistently within the ethics...
Nothing I have ever read about Henry Paulson suggests he would be the kind of guy I would want to have a beer with. In fact the same can be said for nearly all of the high ranking Goldman sachs men who have found their way into “Public Service”. As it turns out I don’t go out for beers with my buddies all that often, but it seems this is the way to get across to the general...
Twitter Attacked
I am not a tech guy at all, if it wasn’t for my buddy Jeremy I wouldn’t have this blog, I don’t know a bit from a byte and have no idea of how the stuff I write on this screen gets to you the reader. I use macs predominantly but I use PC’s to trade and to do the video’s for StockTwitsTV.
Today Twitter was attacked by some unknown entity in what is known as a Denial...
NO ADMISSION OF ANY WRONG DOING
When the SEC raises charges against a firm and the firm agrees to settle the matter for a certain amount of money, most of the time they pay the fine with NO ADMISSION OF ANY WRONG DOING. As I mentioned in my previous post to this blog, Bank of America agreed to a settlement with the SEC for $33 million dollars, and they did so with NO ADMISSION OF ANY WRONG DOING. The reason I am raising my voice...
Reactions To The BAC Matter
Today Bank of America was charged by the SEC for making materially false statements in the matters surrounding the Acquisition of Merrill Lynch. Ken Lewis told Congress on 12 feb 2009 he had “no authority” over the lavish bonuses Merrill Lynch gave out days before its taxpayer-financed takeover by BofA was finalized - but documents appear to show he signed off on the payouts. The...
Numbers
Trading and investing are numbers game. Today I am going to examine two ways I see numbers and their effects on, and relationship to my way of going about this game.
First is the numbers we use to base our assumptions, rationales, and theories on. This group of numbers are generally grouped into the category of “Data”. Second is the numbers we use to attempt to gain an edge and...
July 2009
7 posts
StockTwits, One Mans Opinion
StockTwits Aside from my parents and a few friends from “real life” the overwhelming majority of the folks who read this blog are people who found me through my association with Stocktwits. Before I go any further allow me to say the following, I came across StockTwits in February of this year by a recommendation from my friend Horace Kent, a contributor at the Online Traders Forum...
PAIN
Pain Yesterday I watched my cat Edison jump up on the counter and walk across the stovetop. It’s one of those flat glass type ones and he sat down right in the middle of it and gave me the look that said “how bout adding some fresh water to my bowl, or do I have to get it myself”. Years ago, I purchased some stock in a small company from Florida that imported various products...
Bias
Bias According to Merriam-Webster - an inclination of temperament or outlook ; especially : a personal and sometimes unreasoned judgment I have always held a bias towards bullishness, I guess it’s just innate in my personality. One of the things that has helped me as a trader and investor is knowing this and adjusting my thinking to account for it.
An interesting thing about...
A few places for Information
I thought it would be helpful to list some websites I use for trading and investing information.
I do not list any blogs or blogsites here primarily because I am pretty new to the world of bloggers and have not done enough due diligence to recommend anyone yet. I have begun to read a few and am beginning to form some opinions, but they will have to wait a while before I opine on that subject.
I...
Mr. Paulson returns to Washington
Henry Paulson, former Treasury Secretary, former Goldman Sachs Chairman, is going to appear before our elected officials today. This should be interesting indeed. For those who may not be following this Theatre Americana let me bring you up to speed. A while back the economy was on the edge of a precipice with one foot over and one foot on a banana peel. BSC (Bear Sterns) and LEH (Lehman Brothers)...
Risks of 3X ETF's
Reading FA (Financial Advisor) magazine this morning and came across the Direxions advertisement. For anyone who doesn’t know, Direxions is the company that brings us the 3X ETF’s. In small print near the bottom it says the following:
“The use of leverage by a fund means the Funds are riskier than alternatives which do not use leverage. The risks associated with the funds are...
“The idea is to try to give all the information to help others to judge the value...”