Market activity update and random thoughts
I have not done much in the market lately.
Still holding RJET (at about 6% of my portfolio its as big of a position as I really want one stock to be, i'm up on it now by like 5%).
I think its basically inevtiable that HIG moves to $35+ in time, I think $40-50 isn't unreasonable. On a dip I may bet accordingly.
I covered naked puts on HIG, BAC, XL at >70% of the money out of them.
I am sitting on my long BAC calls and shares, my long HIG calls and shares, and my monstrous long XL position.
I basically missed out on the Goldman Sach's dip, traveling and what not. Short lived it was.
I am considering an options position in GOOG and in GS. Long calls, call spreads, short puts, that kind of thing, but haven't acted on it yet.
I am going to spend several hours tomorrow re-thinking my long NBG position... if Greece avoids a default NBG is awesome from here. If it doesn't, ... NBG probably won't cease to exist but considerable tumult may ensue. NBG is an interesting entity ... but at this point I have decided that I need to do more research. I am adding to my OTE position as OTE shouldn't die if Greece defaults.
I am sitting calmly on a wide variety of other positions, and generally haven't done much.
Beyond that, I have some thoughts on life. I have, in my life, not had alot of sympathy for people who are unhappy with their lives. My unsympathetic logic has always been "ok, well, change it". The stereotypical example is the pretty girl complaining about her boyfriend. I haven't given anything but a snide comment to one of those sicne I was a teenager. He isn't making you happy? Get a new one, and shut up.
And I have come to be very malcontent in the town in which I've lived for the last decade plus. And so I am moving. My sons moms husband (wow, get that?) works for big pharma, and is quite an extraordinary guy with a fantastic work ethic, as such when his company had big layoffs recently, he was offered a raise but... he had to transfer. A couple hundred miles away. Per state law, as custodial parent of my son, I cannot leave the state unless I basically have to to live or she agrees unless she moves away. So I can leave....
Truth be told, for all of the residual ambition and remaining restlessness I have deep down, I would alwyas pick whats best for the kid, so I'll probably move to where they are moving. ... but...
real estate is cheap in vegas and phoenix and here and there, and I may buy a house somewhere else and try to live two lives: one in which I cook breakfast and am very boring and one in which I live somewhere else. I always wanted to leave here (see ambition and comments about a restless soul), but... I got stuck with custody and being beyond broke failing at business and beyond busy succeeding at it.
And so I can finally leave, and so I am taking my own medicine and packing up and i'm out of here in a few weeks.
remember, my fellow CAPsters, you can change your life. And yourself, we are wehre and what we choose to be, in the end.