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Varchild2008 (84.46)

The "RENEGADE" Stock Market

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July 05, 2010 – Comments (6) | RELATED TICKERS: FRED

"The 'RENEGADE" Stock Market      (A Spoof on the song "Renegade" from STYX)

Oh President, I'm in fear for my stocks when their falling just like rocks  
(KO) and (WHR) put an end to my winnings and I'm so far from my longs

The jig is up, the economy is out
The Market's apparently oversought
I'm the renegade who had it made
Until you took it away!
Portfolio has gone astray
This'll be the end today
Of the wealthy man

Oh President, It's been years on the trading floor with my clients future on my head
Obama said 'Starve em dead or alive' and it's for sure the market took a dive
Dear Obama I can hear you laughin', you're so scared of wall street wealth
Hangman is comin' down from the gallows and markets made all my clients broke

The jig is up, capitalism is done
Obama's finally destroyed me
I'm the renegade invested just for fun
(GOOG) used to be my savings
Forever more it has gone astray
Obama's having revenge today
On the wall street man

Oh President, I'm in fear for everyone's future from the farmer to the preacher
U.S. Steel has closed up shop and I'm so far underwater from my home

The jig is up, the Market is dead
Obama's finally destroyed us
I'm the renegade who bought calls on (FRED)
Retrieved it for a paultry sum
Forever more it has gone numb
This'll be the end today
Of the wealthy man"


NOTE TO investors:    My suggestion is to put (FRED) in your watch list.  It is a general mechandise franchise store that pays a small 1.5% yield dividend.  Beat earnings estimates last quarter for quite a long stream of not doing so....

6 Comments – Post Your Own

#1) On July 05, 2010 at 1:32 PM, Varchild2008 (84.46) wrote:

Clarification:  No Positions today in FRED.... Just watch listed it for this week is all.

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#2) On July 05, 2010 at 2:21 PM, MegaEurope (22.77) wrote:

You know the market is up over 13% since Obama was elected and over 27% since he was sworn in, right?

Maybe if your own returns have been subpar it's because you are a bad investor.

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#3) On July 05, 2010 at 7:52 PM, Varchild2008 (84.46) wrote:

Wow!  Party Pooper!   Cheer up.... the Popcorn is almost ready!

Besides.... No one cares the market is down overall 10% or so this year.... They only care that the market priced in an economic recovery last year that simply isn't happening at all this year....

hmm... and besides SVA...

CBOU
DPS
F

Are all stocks making an absolute KILLING for me....  The real truth is that I made so much money off the stock market in the past 2 years that I was able to shave off less than 1/3rd of my holdings to buy a 1700 square foot home.

Soooooo.......    You can stop crying now and just enjoy the poetry of my blog post spoofs:-)

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#4) On July 05, 2010 at 7:59 PM, Varchild2008 (84.46) wrote:

Clarification:   SVA isn't doing well for me..... 

But the other 3 are and I can bide my time with SVA and see what happens in 2011/2012 with the stock.

Thinking about buying more shares of SVA actually... I'd like more of SVA and CBOU to balance out my portfolio better.

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#5) On July 05, 2010 at 8:11 PM, cubs321 (< 20) wrote:

sorry that this is unrelated to the post but i have an important question and i am not sure where to ask it. 

 When day trading it seems that commissions, about $7 per trade, (plus capital gains taxes after that) would make it nearly impossible to make any profit. 

 For example......

 If i bought 50 shares of a stock at $10, held for about a day and then sold at $10.50 per share. A fairly respectable 5% gain of $25. However with fees of $7 per trade I am already down to only 11$ of profit. After that I still have to subtract capital gains taxes, leaving me with next to nothing.

 So I guess I am asking if there is some broker programs that have lower fees if you make a certain amount of transactions. 

 

Thank you for the help. 

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#6) On July 05, 2010 at 9:39 PM, Varchild2008 (84.46) wrote:

cubs321, 

There are a number of direct investment outlets that do not have any bells and whistles and don't run as fast but do not charge you any fees.

Also... Start with looking at "guerilla" which I believe does not charge anything. (apolgize for my bad spelling Guerilla.....did I spell it right?).

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