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September 2008

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2

American Equity - An Oxymoron

September 29, 2008 – Comments (1) | RELATED TICKERS: AEL

American Equity Ticker - (AEL) - Ran across this one while working my way through the list of short banned stock lists... I had to do a little catching up on my Annuity Knowledge... I figure that if management is out to blame the short sellers for their stock price, then there some sketchy to start with.  I found some Sketch Ball's here.... I call this one an oxy moron because from the looks of it there is not much equity in this baby.  [more]

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9

The Not So Sad state of the Union

September 29, 2008 – Comments (1)

In my last blog post, I posted that even though It pissed me off and I was against It, I though that the bailout was probably gonna go through.  This is one of those time when I am so happy I was completely wrong.  Yes things are not great but this is the first time I have seen congress not take a step forward that was in reality taking 10 steps back.  Hats off to everybody that wrote their congress / senate people.

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6

The Sad State of the Union.

September 25, 2008 – Comments (1)

Sadly but surely I think this bailout is going to go through, I am still writing a ton of letters to people in congress. I guess that is the difference between a trader and a thinker. As a trader I have to seperate what I agree with and what I think is right, from what (I think) will actually happen. I've lost money on more than once occasion when the PPT comes in. But I can't sit here and say I didn't see it coming... The things that are going on are the very very sad state of the union... Bernanke and Co will try to do everything they can to bail out their friends and patch this up. The market will have some short term rallies... Like we are seeing today, but in the long run it will not work. The dollar will be destroyed.... A small group of incompetent people that are orcastracting some conspiracy theory that is larger than I can comprehend, or the American public really is that dumb, to actually listen to these people. Either way, I am sad to say this is the state of the union. It really dosent matter who is elected president.... I guess I am just gonna wait until 2012...  [more]

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3

Statement by our future "leaders" lol

September 24, 2008 – Comments (1) | RELATED TICKERS: FNMA , FMCC , SPY

So I decided I might provide a little commentary on what the leaders are saying about the economy..  [more]

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7

AIG & Forbes

September 20, 2008 – Comments (8) | RELATED TICKERS: ABKFQ.DL , MBI , AIG

I really haven't posted at all in caps because I feel like I have lost a lot of credibility due to my score capitulating.  It show's how shitty of a trader I am in these conditions.  Caps has taught me to be a better trader... Though a much better one.  I think I will post more in once I do get some points back due to some of my bank red thumbs are ridicusoly low prices.  [more]

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12

Wow

September 03, 2008 – Comments (7)

Have I been slaughtered or what.  I went from over 4000 points to negative 57.  I do have the stomach to wait it out though.  I made huge directional bets long commodities and short financials in my caps portfolio.  I am still very bearish.  ABK and MBI together have cost me 800 - 1000 points.  Red Thumbs are hard in caps.. I am willing to stick it out thought because my thesis is still intact with a lot of these companies.

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