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  • 2011-29-01 - Holy shit is Israel screwed The world media regards the middle east (what the fuck does that mean honestly) as sacrosanct, much like the catholic universe looks at an old man in a dress groping little boys from the Catholic church.   To be honest there is noting to be done about it other than suing someone.

    Since the universe isn't comprised of Irish Catholic lawyers or Jewish Warriors, I'll split the difference.  I'm watching the egyptians getting their asses kicked and all it would take is a lass or a lad to say "We need a tag out" and we would be there in around ...ummm... three seconds, because this isn't just about Egypt.  It's pretty much about everyone getting screwed.  I sort of understood that as soon as I re-read headlines and read some of the clippings by grandma collected.  Here's one:

    Catholics move to storm factory!!!
    Muslims move to storm capitol!!!! 

    I would list around a file full of this crap that has been collected for 130 years.  But I don't give a shit.  What blew my mind was that the US government gave a shit, however that easy to understand.  Did you put gas in your tank today and fell for the idea the North American sector is independent for energy.   Enjoy it, I'll see you on my horse.

    The most mobile army in north America is on horse back in one year.  BTW I wasn't kidding mentioning that they ditch and run on soldiers overseas.  It will be estimated that the soldier cost X versus X of equipment, the equipment will win in terms of cost.  Will not be the first time either in history of ditching soldiers overseas saddly.  But to be blunt, Nero and most of rome's dictators had about three crocodile tears shed about the whole subject of ditching soldiers in other countries.

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  • AIB is about to do "something", Jan 5th 2011 RSI is in a severe trench and my trade station is going off like a bell.  Trying to dig up some DD on AIB but nothing seems to be out there.  Volume is low on it.  It's a gamble.  Last time it was this low the entire market collapsed in 2009, but like everything else the government stepped in and reinflated the market like a balloon.

    I am so very tempted to see dump a bit of dosh into this just to see where it goes.  However I'm looking for a .76 strike price, but it's in that rebound zone where MM's walk in a buy the shit out of the bank even with the government "purchase" of the bank.  Like we haven't seen this scripted play before...I am bullish on this POS.  That's it, that's all.  Still need some DD on it.

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  • October 14th 2010 - Having enough energy to swim back to shore As a kid sometimes I would jump into the ocean with friends and swim, just swim out to sea.  The saltwater getting up my nose making things taste weird for hours.  The kelp scraping my leg making me imagine some sea beastie coming to eat me.  And of course the usually semi-hypothermia that takes any idiot stick swimming in Atlantic waters weighting in at 80 pounds of 10 year old. 

    None of the above ever really concerned me, it was shit you brushed off and kept on trucking to see how far you could go to half a tank of prepubescent energy with other lads.  What concerned me was making sure I had enough juice to pull my ass back to shore at a mentally defined halfway point in my head.

    It's looking like it's that time again.  We have a lot of morons apparently "running things" (into the ground) worldwide walking into their own self made traps.  From what I've discussed before here on countries arguing over who's currency is crappier, to printing money up the wazoo and where the real money is in preparation of a self sufficiency lifestyle (get a garden going and learn how to pickle and can stuff amongst other things).  Plus the usual peak oil stuff which shouldn't be a theory at at point in time in anyone's head.  That rise in commodities (food, copper, blah, blah, blah), specifically oil is all about the fact we're losing oil fields monthly now and the production is shrinking.  Hell, the UN dipshits are talking about the breadbasket crap again, as if that will feed them and make them beloved by someone other than the grand a night hooker they swap AIDS with.  So fuck em.  What's going to happen in the next two years now that I'm pretty damn sure we're going for an interesting ride downhill with no brakes.

    Now what are we going to see in the coming two years.

    Shit loads of riots 

    Right now we see it on TV, contained, mitigated, controlled, captured, packaged and shoved on the tube.  Next two years, it will be on all of our doorsteps.  Regular as clockwork.  I bet it'll be about food costs and less and less about pensions as time goes on.


    Total and complete abandonment of the US military operations overseas.  

    As in, the checks bounce and uncle sam wishes everyone on posting overseas the best of luck.  Mainly because somehow that breadbasket nonsense get pushed through by the BRIC, and there's just no money or love to bring them back.  Suddenly one or two rogue well trained and heavily armed soldiers under orders will become two million rogue, well trained and heavily armed soldiers under the singular directive of survival. 

    Not a bad thing though, the Stan's and regime placements in the middle east should be stomped on fairly hard.  Only reason a modern soldier behaves themselves is because the camera's are on and the paycheck is coming from somewhere.

    Besides would you want two million well armed, well trained soldiers back in the US if the executive/legislative/judicial branches couldn't figure their shit out?  If I were the powers that be, republican or democrat, i wouldn't.  If the paychecks of the military bounced in the US at 4:00pm, the coup would be around 4:02 and the fire squads would be in action around 4:25 just to obtain the amount ammo required to perform proper double taps to those elected and the useless civil servant core.

    More squatters rights

    It's been a popular theme of foreclosures this week with some piece of white trash with eight kids breaking back into her own home with a lawyer's assistance (yet another lawyer) and a lock smith.  I suppose on a fundamental level it's mob justice for the little guy but it's a case where the idiot stick with the house bought it for 500k, pissed away the equity on it of 300k and the market flipped like a canoe on the high seas.

    I wish I could get a house and 300k for free.  Anycase...

    Be prepared to read more of this crap.  Irish gypsies were more subtle in the day by camping then making a hut from dirt to claim squatters rights.

    What I'm waiting for is someone to move into a home with someone actually living in it and claiming it.  Yes, it will be messy...and very funny.

    Food increasing a lot more than it is now

    Nice thing about living in the country is you know exactly what the on the spot price of corn/grain/chicken/beef is.  Right now it's triple from where it was last year.  Here's the funny thing.  Farms are starting to behave like day traders (on a local level thanks in part to yours truely), they only sell half lots and then tell the brokers to fuck themselves or name a silly price.  Much like blocking a short trade by throwing the price up to insane levels.  Or holding half a stock for a windfall.  Trust me it works well.  Reason I've ignored stocks in general is because there is no trading value to them anymore.  Like zero value.  It's just paper.

    The brokers are incredibly annoyed by this because they "promise" (whatever the fuck that means) a delivery price to the commodity market.  Commodity brokers panic and throw their estimates into the air and volia, triple prices.  Wait until next year.  So I suggest you learn gardening and canning to keep cash in your pocket.  Couple of tips:
    • go pick up seeds now and harvesting them from veg/fruit you eat (if the fruit can be grown locally).  Lots of information online about that.
    • buy at least 200 mason jars per person in your family.
    • Learn how to dry fruits and veg.
    • If you are feeling lazy.  Costco sells a year's supply of food for 900 bucks right now.
    The food prices are going up for one reason btw, Europe and North America aren't the only places with people that need to eat.  So, guess what happens?  Like a bull market, prices go up in a universe with 7 billion people.

    Gas over 1.50 litre in Canada and Staying there

    With the USD on parity again, Canada's strength is only it's commodities market, unfortunately that means expensive gas again.  And that price reflects/chain reacts with food prices again on top of food price wars because of shitty environmental conditions.  Double whammy for food pricing.

    Lots more weird cancers popping up in the Gulf area

    Go figure, between oil sludge in the water and the chemical dispersant (chemically the same as agent orange in reality), it'll be interesting to see what was already an area in big trouble turn into a cancer ridden wasteland.  oh well, fuck it.  Not like the outcomes were going to be positive or even acknowledged.

    Stuxnet keeps on keeping on

    I don't know if anyone has even read about this piece of annoying shit.  The US (-cough- Israel) released a "targeted" computer virus/worm.  Well, here's what I can tell you about virii in general.  No such thing as a targeted worm.  Some asshole is always listening on the line and ends up catching it.  And boy did they.  SO now instead of attacking Iranian faciilties it's been knocking Hotmail off the rails, Gmail, a couple of Indian Satellites and causing some major annoyances in China. 

    From the white and black hats I know, it was built to attack specific Siemens equipment (they make nuke gear), someone caught it, decompiled, modified and let that bird fly.  My guess it's up to variation .aa now and goes after Cisco/Baystack/Nortel core routers.  I give it another couple of months of under-employed uber programmers giving it enough teeth to attack anything moving online.

    Rise in scams

    This one is a no brainer.  With governments lying through their teeth about employment the rise of the flim-flam man will be back with gusto.  Hey howyoudoin wholuvsya?  Badda bing!    Although I'm guessing it'll be a long string of people dressed in whatever is in GQ magazine, dialogue won't change by much though.

    BTW uMoo is now pretty much dead as a venture and the same company is offering a 50/50 draw on 4 hours long options.  Ridiculous, but it's available as an option for those that want to throw their money away in places other than Vegas.

    The Collapse of Sovereignty and the rise of tax evasion.

    Borders are weird thing, they require faith that the border can be maintained.  In turn sovereignty requires law to be accepted thereby enforceable.  To do either it requires taxes.  When there is no faith, most people proclaim "fuck it, under the table, off the books and screw the fuckers on the hill making more than anyone I know".  It's happening in Canada right now, in the US I'm positive its been happening with a tour de force in the last three years.  People going cash, renting cash, living cash and saving in gold.  Essentially cutting their ties from banks, facebook and anything else that can track them.

    I'm looking forward to reading more about this in the coming years and watching the commentary go from "how dare he!!" to "Why aren't I doing this?".  We all watched it happen as people walked away from mortgages.  From the initial polly-anna neo-conservative shock and shame to the understanding that people should use their fingers for other things than wagging like picking their nose and minding their own damn business.

    I hope you are all doing well.  I'm less online nowadays and more physical working on making sure my family and I are going to be fine.  If anything, the future will ignore money in general and how well you work with your neighbours to accomplish something civic minded without a local council involved.  Not like we have any fat layabouts we're willing to fund to pretend to politick for us anyways.

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  • History of douchebags – BP: The Continuous unending gusher. June 6th 2010. obama oil crisis I honestly wish there was some good news.  But projections on the oil spill by the time they tap two or fifty pipelines to only let 2,000 – 3,000 barrels spill into the Gulf and by default, the Atlantic.  To be honest nobody is quite sure.  From the news report I’ve read the “leak” with the cap on it is ONLY leaking around 19k to 45k barrels per day.

    So by the time they get their shit in gear and in a BEST case scenario, we’re looking at all the oil sitting in where the world catches Cod, Haddock…well, fish that we eat…this is the map as represented after 132 days of oil spilling into the Ocean.

    oil_slick_map after 132 days
    I’m not to happy about that honestly. 

    If anyone wants to learn about oil production and how fucked up this mess is.  Go check out The Oil Drum.  Don’t complain if the site is slow, the site was literally setup for people that want to invest into the oil community and it’s full of old oil hands.  I would guess the total traffic on the site might have been 10k page views a day.  Now they are probably averaging a million?  two million.  Any case, in terms of cost, what went from a fun hobby, turned into an administrators nightmare.  If you can throw some bucks at it or as a resource I’m pretty sure their ISP would kick them out at the drop of a hat because of bandwidth costs and server load.

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  • GLD - The Tax on Physical Gold, the creation of a world shadow bank and the development of the underground economy – June 3rd 2010 - Economics

     

    bob the builder it's fucked This doesn’t concern the ETF traders of GLD (the usual capital gains are applicable), however this morning there was an excellent article on the taxation of physical gold on Zero Hedge.  To be honest I had NO clue that there was such a thing on the physcial gold market.  I guessed it worked like currency as paper forex profits aren’t taxed, like GLD/UDS – GLD/CAN – GLD/GBP, etc.  However the physical property of gold is taxed yet no capital loss can be deducted from it.  I’m seriously trying to figure out the rationale on behalf of the US government on that.  I’m checking into it today to make sure in Canada I don’t get fucked in the ass for a similar scheme.

     

    This is just the physical aspect of gold.  All the paper forms of like ETF’s, again, bonds and the e-Gold type of transactions are still subject to capital gains.

     

    Example.  You bought an ounce of gold at 1000 a year ago (850 if you were lucky).  You held until this year and sold at 1250.  That 250 bucks is taxed at 28% on capital gain in the US.  Basically you end up giving away $70 on was is really a used goods kind of transaction.  Apparently the US govie is clamping down on the physical sale right now going in as far to enforce pieces of the Patriot act on the trade of any goods valued over “X”(good thing we’re safe from the terrorists to enjoy all this freedom to get taxed).  The “X” variable btw can be whatever the government feels is necessary, $10k last week, $100 this week kind of thing on a case by case basis.

     

    What ends up happening then is people get smart and start behaving like Bedouins.  Bedouins, don’t trust paper money as fast as they could burn it or use it to light a fire, in fact paper money has the same value as a pack of matches.  So they deal in trade using 22k gold wire as the basis for their currency (bracelets and necklaces specifically).  In essence the Bedouins have created their own shadow bank.  It’s just in the shape of wire around their wives necks and wrists.

     

    In a first world nation we end up turning our safety deposit boxes INTO the shadow bank, actually it could be any place you are holding your gold.  Could be the drapes or a moonshine jar in the backyard.  So with that, I’m going to teach you how to launder gold. 

     

    BTW I might mention this before hand, it’s incredibly illegal to do this, even though there is zero mechanism to track it other than the IRS or CRA showing up and saying your TV is too big therefore you owe the government money.

     

    There are only two methods I know of on how to flip gold to avoid the tax grab.

     

    So how to establish your own shadow bank.  It isn’t much different than a regular bank and it involves a trip to the casino.  Thankfully the governments of the world are crazy enough to believe the tax/revenue from casino rackets justifies the ruined lives it creates.

     

    The casino is really another shadow bank, because a casino’s business really is not games of chance, or show girls, or even cheap drinks.  A casino’s primary business is money.  Around 50% of the cases will exchange gold at market value for chips (the other 50% won’t look twice at you), the chip in turn gets turned into cash again.  Why bother assing around throwing money into a hole?  In a for-profit casino scenario it gives the casino a bar of gold and acted as your ATM machine after fucking around with chips to dollars.

     

    Casino’s are also ignored in terms of the Patriot act in terms of cash limits because the government WANTS fools to piss away their money on slot machines.  It’s only if you WIN that you have to start filing out the forms for the TAX man.

     

    Second method is using the payday loans with a gold backed loan.  Payday’s loan companies are not a financial service, their business is Money.Although you might want to spread the “loans” around.  The Payday loans will accept gold as collateral, so will a bank for that matter.  Here’s what they won’t do.  Give you your gold back, they will give you the cash value against the sum of gold.  It will cost about a week’s worth of interest in both cases, but .0035% is a lot better than 28%.

     

    Shit, you might be able to deduct the interest on your secured loan but I wouldn’t bother.  It’s just more of a paper trail to assholes that want to eat your lunch for recycling oxygen.

     

    Simple as that…sort of.  This type of money management requires that the cash NEVER enters into the bank.  As in NEVER.  But think how many times a day you use cash?  That’s where you disappear the money.  If you have a full time job.  It has to appear on the accounting side that bills are getting paid through your pay check.  This requires some creative budgeting, believe it or not if you don’t own your house and are renting you are in the best position possible to take full advantage of disappearing money.  Mainly because household costs make it pretty easy to “disappear” a couple of hundred to a couple of thousand a month.

     

    Remember the laundered cash is to only do one thing, pay for incidentals like food, gas and rent.  Basically if it takes cash and can avoid a bank transaction you are in super shape to get properly creative.

     

    It’s one thing when a government does it’s job and doesn’t pay the filthy rich to stay filthy rich.  Since we don’t live in that world the only thing we can do as the LARGER majority (mob) is to protect ourselves and our property from a government that doesn’t seem particularly interested or capable in helping people that worked hard for what they own. 

     

    What might appear to be a justification for tax evasion it really keeping money handy to protect yourself from the idiot sticks running the show.  But  don’t forget, justification is what started the financial mess in the first place.  People on the upper echelons justified their actions of acting like total financial morons and have been apparently justified in continuing to choke the life out of the economies of the world for the last three years.

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  • Keep an Eye On: May 28th 2010 – Silver, the other white meat…Proshares AGQ and ZSL

    euro chief It’s usually used to bully the price of gold around and it’s VERY much a manipulated metal however, it is a currency.  I’ve talked about a couple of Proshares offers before.

     

    Specifically ZSL, that is the BEAR form of the Silver index the company Proshares offers.

     

    There is also AGQ.  This is the BULL form of the Silver index from Proshares.

     

    I am going to buy AGQ tomorrow.  It’s in a good pick up range in the 62-63 range and will give me enough room to play a bottom up pick up.

     

    As a technical play, I LOVE it.  As the fact it’s the next best thing to gold.  I LOVE it.  Silver is cheaper than gold over all, but it is a base metal, it’s been currency since Christ was a carpenter and longer.  Plus it’s another place people are running away from the upside down euro to buy into.  Can’t buy an ounce of gold for 1700 on the black market in Greece?  Buy silver, it’s a tenth the cost but still remains valuable as long as it’s pure.

     

    I will also be investigating how to switch hit between the Bear and the Bull.  Looking at the chart you can tell exactly by news reports of currency deals is happening.  It usually involves fucking around with the price of silver which in turn whacks the price of gold.

     

    This is an X2 ETF btw, not nearly as dangerous as X3’s but it can be very nasty if it slips baddly.  Over all I’m bullish on metal now.  There is no where to run in fiat currency, I think at this time I would trade Jamaican dollars before Canadian and US.  So the next best thing is silver.

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  • Irish Yoga: May 27th 2010 - Some of the best clips I've seen today I love this clip, I can't tell if it's a skit or just two people in a talk show coming to the realization that the economies of the world are whacked out of their goddamn minds.




    This one involves Hugh Hendry tearing an IMF apologists nuts sack through his eye socket. Listen for the IMF piece of shit professor drop the truth of the euro situation accidentally. Personally I though Mr. Hendry was being too kind during the interview, I was half expecting him to call the IMF to two face shite eating cunt. Since he didn't I'll offer the praise to the IMF apologist, the dickless twat.

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  • The Economics of Star Trek discussed in a bar – May 3rd 2010

    Spock CoinRecently I’ve been rambling in MSN with one of my geek buddies I’ve worked with on the occasion.  We throw out ideas on what the hell is going on in world.  Both of us come from completely different backgrounds.

     

    Sly is a sane, old, built like a tank, gay, introverted Buddist Quebecois guy that is a proud communist party member.  (yes there still is a Communist party in Canada, it’s like a big foot sighting, it happens occasionally)

     

    I am an insane, skinny, old, straight, extroverted Drunkard Irish guy that has zero political afflictions other than an interest in anarco-capitalism as it suits my purpose.

     

    He and I usually swap books on a million different topics every week.  To be fair I follow the general ideas in the books he gives me, I’ll read it and tell him next time at the pub it sucked a dick.  The alternative is also true, I’ll give him a book and next time we’re at the pub he’ll let me know how my book is used to wrap fish and wipe asses.  We’ve been doing that for 20 years easily and it’s great fun having someone to spar with.  Pretty much the only author we can both agree on is Jim Butcher; great writer, funny and his characters kick ass.

     

    We usually have some wicked conversations about everything in general.  Not fights mind you, good arguments that start with a couple of beer and end up closing the bar.  It usually ends on me muttering to the brass taps and oak about how they should just let us sleep at the pub under a table and Sly ends up throwing me into a cab to head back home.  He’s a great Friend.

     

    Last night though we were kicking around the idea of how would it end.  Actually end is the wrong word.  How will it change would be better.  For the first time EVER in recorded history we both came to the same conclusion on how it will change because of the following:

     

    -  Run away debt:  personal, political, business, derivative

    -  Half baked political retardation in all corners

    -  Absence of technological development in required areas

    -  Abject failure of regulatory capitalism

    -  Abject failure of working for free for a country (Communism)

    -  Constitutions being more or less written in pencil instead of pen.

    -  Over abundance of so much stuff worth so little in value to life in general.

    -  Useless bandwidth in the main stream media and how the ads where more entertaining.

     

    Since the bartender wasn’t watching the tv, or his remote, I threw on the Space Channel to get my Geek Drink On!   Sly was rambling on about the moral failure of man and chat-roulette should be an over 18 only site, etc, blah, blah.blah.  Before I offered a flag on the chat-roulette discussion of too much pecker and not enough boobs, Star Trek TNG was on.

     

    It was the episode where the whiny, neurotic, engineer that works for the way cooler Engineer Jordy (the guy with the hair thing for sun glasses) is hooked on holo-suites like a crack addict.  Honest to god, we both shut up for the reminder of the show giving anyone in ear shot at the bar the blessing of quiet for twenty minutes.

     

    Then we didn’t shut up for the next eight hours, and we had a couple of other guys jumping into the conversation until their old ladies called.  We were trying to figure out how all these dorks on a space craft had so much time on their hands.  It’s one thing that has never been answered in the Star Trek universe how does an economy work there?  For that matter how does an economy work at all with machines that make practically anything from energy.  Where does that awesome energy comes from?  How does a star trek economy function without that all important economic concept of scarcity and does it exist at all?

     

    One of the younger guys said it best.  “Why would that idiot stick ever leave the thing (holosuite).  He could just have the computer make him food, booze and blowjobs.”  Amen to that.  Both Sly and myself could agree all three things could possibly keep a guy wandering around a 10 x 10 cell forever without any interest in ever leaving it.

     

    Nobody seems to need money in the Star Trek universe, yet everyone seems to be gainfully employed in some fashion, fed, housed and clothed in unitard jumpsuits.  Why would any of them get up in the morning without a carrot?  As far as I can figure the whole dump runs on good job’s, hand shakes and praise for a job well done.  Sly chimed in that even in communism there were perks and he couldn’t even figure out why the star trek universe worked.

     

    We were stumped, therefore iPhones and Google, the last bastion of bar drunks attempting to illustrate how right they are.  In our case we were doing serious research, about a fantasy economic situation 500 years in the future with hundreds of alien species.  (Yes, it was very serious.)

     

    Apparently since the Kirk/Spock universe never quite fully explained the economic process of star trek’s universe some demented monkey in the 70’s came up with the spackle to fill that hole.  It’s called Participatory Economics which is as strange as it sounds.

     

    It’s pretty much removed from the idea of communism in central planning sentiment and allows for those that give a shit what an unitard suited monkey says to run a business within reason.  The whole thing depends on one thing mainly, which is education of human history being a big wet puddle of fuck ups on all sides and people having enough time to give shit about their offspring learning their own background (the good and bad from my read on it).

     

    Some benefits to the whole thing:

     

    -  No taxes because nobody has income except those that look to seek an income.  In a star trek universe they’d end up dealing with big eared freak shows with a religion built around it.  Why bother with religious whack jobs.  Made sense to me and the commie after discussing.

     

    -  Since it’s participatory, you get what you actually put in.  You put an hour in as a doctor, rocket scientist or enterprise door repair man,  you get an hour back.  Personally I like this, I’ve worked crap jobs, great jobs.  Pretty much the only thing that drove me was making sure there was something decent people enjoyed and used.  As a techie it’s a tricky thing to ask, mostly it involves chatting a lot to figure out the shape of a deliverable before a project starts.  Ideas and money are fungible; they flex, bob, weave and what you started with isn’t what you really start to develop.

     

    -  Nobody actually works more than what is needed.  We make a shit load of waste products.  It typically looks like 200 pairs of shoes in a woman’s closet and fifty fishing rods in a man’s garage.  Why would anyone want to force anybody to have a garage sale.  I would go into the amount of crap kids collect in toys, but why bother, in today’s universe it’s a moot point with grandparents.  Christ, I swear the amount of junk kids get for Xmas would pay for twenty university educations over a life time.  Why the Star Trek universe settled on well built unitard jumpsuits is a mystery.

     

    -  It avoids the concept of well organized juntas of board room jackals that recycle oxygen.  Since the central management is done via computer, managers have to do their jobs, which has evolved into nothing in the early twentieth century, the Star trek universe it has evolved back into less dick sucking and more prioritization of development of a project.  As a head nerd that RAN a business until recently.  Watching the business hand jobs and self performed blow jobs in a board room is nauseating.  Even doubly worse if it’s a government IT project, it’s like watching a bad play of Hamlet where nobody is dead and everyone is pretending they can all be king.

     

    That’s as far as I can remember honestly.  I ran out of steam around midnight.  Sly was busy chatting to the local ditch pig about the concepts.  She thought he was straight and well heeled because of his well established dress code.  I let the lady continue to keep on thinking he was single and available.  Mainly because I’m old and I already know it’s a fools chance to jump in front of a cougar and it’s prey.  I already MSNed Sly about the other drivel we drunkenly talked about on the star trek universe and it’s economy.  He’s writing a long winded piece about it which should be interesting. (not unlike my long winded piece of flotsam here)

     

    Once I read it all, summarize it, I’ll be back next week at the pub to tell him it sucked a dick.  Then further discuss it at great length until closing.

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  • The Rules: How to Protect your Shares from a Bear Attack…or a Short seller. bear attack
    Short sales require shares to be available and sitting in margin on someone's account, sometimes they just loan the owned stock out (depends on the brokerage).  Since people seem to love leveraging their trades on credit/margin for some ungodly reason. It's important to understand that when people leave no instructions on their stocks the brokerage will loan them out for short sellers to create their magic of taking your profit away and putting dosh in their pockets.

    The simplest way to avoid this from happening is when you buy your stock at any given price, immediately afterwards log back into the trade desk/web UI and set a GTC (Good Until Cancelled) order or Long term sell date order as high as you possibly can.

    Now what is a good sell price?  I usually put it as high as I'm able to in the trade desk then phone the brokerage to set it higher.  Remember it's YOUR stock, YOU own it and YOU can sell it for whatever you want.  For SNSS, I bought in at an average of .73ish, I set the GTC order at 3 bucks and phone the Brokerage service desk to set it at 25 bucks.

    Two reasons why. 

    First, 25 bucks won't happen to this stock anytime soon. 

    Second, It's a controllable value that can be changed when the stock does pop.  The 3 bucks is just a placeholder until I phone someone.  The end goal of any stock transaction is to manage the position of yourself as a trader and get the best value.

    How does this screw a short sale.

    I previously mentioned that a short seller has to "borrow" a share from someone and sell it from under them.  Typically a share gets borrowed and sold at the top end of the price and "covered" under the sale price.  The difference is the profit.

    An example; SNSS was at 1.00, the short seller sold at a buck.  SNSS drops to 72 cents.  The Short seller buys the shares and gives back the shares to the person they borrowed them from after banking .27 cents.

    However, if you, as a share holder and owner, fix a sell price on the share of $25 a some nasty things can happen to the short seller.

    1)  Available pool of shortable shares is poisoned.

    The 25 bucks you want for the share price is now sitting in a big fungible pool of shares available to short.  It's kind of like roulette if you are a short.  Is your block already fixed with a value that must be covered? In the case of SNSS, they have to borrow the share at 25 bucks and sell it there because there are instructions to do so.

    2)  The held shares in the short sale change in value and wipe out profits.

    It's Indian giving pure and simple.  Half way through a short sale, the price changes and now instead of profit the short sale has to figure out how to put back the borrowed shares at the instructed value.  Since the brokerage doesn't assume any liability on trades, it's up to the Short seller to cover at the now new borrowed price.

    3)  Destruction of short's credit with brokerage and lowering the brokerages future ability to borrow shares.

    I know this one seems weird, if it happens enough times the trader gets flagged.  If lots of traders get flag, the brokerage gets it between the eyes.

    Hope this helps people keep the pennies in their pockets.   Remember, if someone is going to borrow something from you and they break it, they are going to buy it regardless of their intentions.

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  • Funniest site I have been on in a while: www.dontevenreply.com

     

    yct14

    So I’m assing around last night (using the stumble toolbar) and doing a random look around and I bump into dontevenreply.com.  I ended up sitting on it for an hour pissing my pants laughing.  The premise is the guy is incredibly bored and reply’s back to ads he sees on craigslist and Kijiji.

     

    The one that got me hooked is someone looking for a caterer to come in and provide supper for this guys family.  I would order La Nouille du Triomphe

     

     

    Original ad:
    we need profesional catering for our christmas day dinner party. must have experence catering. SERIOUS RESPONSES ONLY
    From Me to ************@*********.org:

     

    Hello,

    I am writing in response to your ad looking for a caterer for your Christmas dinner party. I am a freelance chef with a lot of catering experience. I was the top chef at the world renowned Restauran de Bon Foodeux for over five years. If you are still looking for a caterer, let me know.

    Thanks,

    Michael

     

    From Brian ******* to Me:

    michael thank you for responding. what are your rates? we are expeting about twenty people at are dinner party so will need enough food for all of them. can you supply the food and we reembirse you? also do you have a menu of mealss you cook for us to choose from?

     

    From Me to Brian *******:

    Brian,

    Supplying the food will not be a problem. I have a wide variety of exquisite dishes for you to choose from, which I will list below. My rates are per person and it depends on the meal, but generally ranges from $20-$40 per person. Here are the meals I typically offer:

    La Nouille du Triomphe
    A meal of pure bliss and flavor - a delicious plate of ramen noodles boiled in the purest of water. Noodles can be flavored with either chicken or beef seasoning.

    Le Repas du Fromage Délicieux
    A mouthwatering bowl of easy mac cooked to perfection in a microwave. Served with a side of peanut M&Ms.

    Le Repas de la Faim de Grande Personne
    A delectably and savory microwaved TV dinner. The dish comes with two pieces of fried chicken, mashed potatoes, freshly grown vegetables and a satisfying brownie that is heated to absolute perfection.

    Le Sandwich Rouge
    A truly phenominal sandwich consisting of ketchup spread over a carefully microwaved piece of bread, and then topped with another piece of bread. Comes with a side of mayonnaise for dipping.

    Dessert

    Le Plat du Lait et de la Céréale
    A satisfying end to your meal, this dessert consists of a bowl of fruit loops served with either skim or 2% milk. Milk can be substituted with water for those on a diet.

    La Pâtisserie Bourrée
    Individually wrapped twinkies that have been microwaved to sheer delight.

    Let me know which meals you are interested in, and I can give you a quote on how much everything will cost.

    Thank you,
    Michael

     

    From Brian ******* to Me:

    what the fuck you actully cater that shit to people ? yea im gonna serve easy mac and twinkies for christmas dinner are you fuckin kidding me. my son in college could make that shit!

    From Me to Brian *******:

    Brian,

    The twinkes aren't for everyone. I understand if you are on a diet, but for me, nothing celebrates the birth of Jesus like a twinkie and some good easy mac. If you aren't interested in that meal, would you consider any of my other options? My personal favorite is Le Sandwich Rouge. That is also very affordable. For twenty people, it would probably cost you about $400.

    Michael

     

    From Brian ******* to Me:

    cut the bullshit fancy french names and call it a goddamn gross ass ketchup sanwich

     

    From Me to Brian *******:

    Brian,

    I am personally offended that you are insulting my masterpiece meals. These are perfected family recipes that have been passed down for generations of chefs in my family. Cooking is my art, and for you to insult me without even trying my work is just plain rude.

    Michael

     

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  • Neat Site: BioRunUp.com
    The photo to the left is a picture of the typical day trader getting mobbed by teenage girls.  God I could count how often this has happened on a lepers fingers.  It's all part of the lifestyle of eating hot pockets, wearing a ratty (yet comfortable) bathrobe and listening to CNBC/NPR droning on in the back ground.  We do it for the chicks, the glamor and the money.

    So with that, I found a new resource and added it to the blogroll.  BioRunUp.com.  The lad has a nice clean site and a really, really neat calendar on up coming FDA dates and an interesting system on trading Bio Pharms which I am going to try with a 3k kitty.

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  • Economics/Scam: UN to produce Bullion Coins as Currency...I agree that the UN is going to produce one thing related to Bull, but it won't be Bullion Coins. Over the last year China and the rest of the known universe have been pushing to kick the USD off it's podium as a reserve currency.  Well it looks like this is the future as the reserve currency if it's true which I can say for a couple of reasons it won't be.


    A gold bug's nightmare?  Or a little CGI action?

    The first thing that needs to happen is to seize gold bullion.  In more recent times the US seized all personal stocks of gold during the last depression in the 30's unless it was arty and decorative.  Somehow I doubt the implementation of the UN coin because it requires that all the gold stocks being held be given to the UN.  Since the UN is as crazy as a shit house rat on the best of days, it would end up turning into the usual problem the UN has.  The "you go first" problem.  In other words, one country has to trust that 140 members don't loot the shit out of the gold that is given and trust that other countries will give over their gold.  The term herding cats comes to mind.  Likelihood of India and China giving away all it's gold is slim to none, same goes for the gold bug hoarding it under a floor board in the woods.  Odds in total of the entire world's governments pooling their gold, which is a hellavua lot different than sticking (fiat) money in a bank, is around the same odds as getting hit by lighting three times, living and winning the lottery twice in the same week.

    Second most of the articles I've read are how the bullion coin is going to be produced, along in the same breath that China is discussing a breadbasket of currencies.  The Euro is a great example of how well that goes, it's 10 years old and the ECU is fucked with it's member states dropping dead like flies.  Now throw in all nuclear powers, dictators, democracies, etc in the same breath and people will be figuring out how to balance the Zimbabwe 100 trillion dollar bill against a single yuan.  Again, not going to happen regardless because countries are by their very nature sovereign and want to make sure their cause is at least an inch ahead of the next guy's plans.  It's called geopoliticks.  At this point in time the "strongest" nation is the world is nobody.  Regardless of nuke counts or standing armies, with large populations that need to be fed or they rebel, the power at that point in time lies in the mob and it's influence and not governments.

    Third, best source article I can find out there are the crackpots.  Nothing in the UN journals about it.  There are some random quotes on breadbasket currencies, but they are out of context to the discussion.  As in the interviewer sets up the question: "Do you think a breadbasket currency is the future for a world currency?" and the reply is "Sure it's a good idea to create a breadbasket currency.".  Then the discussions evolve into how retarded it would be to impliment the idea and the logistical problems around it.  Think of it this way, you are building a house; nobody has nails or lumber just hammers, nobody speaks the same language and the plans/budget given are only enough to make a chair.  Even then people are arguing about who gets to sit down first in the chair regardless that the original plan called for a house.


    The UN is a complete waste of oxygen and should have been dismantled thirty years ago.  Just look at it's track record.  The UN hasn't ended world hunger, war, established peace, given free trade or even paid for itself.  The majority of the participants are in twenty years of IOU's.  How is it going to make a currency, let alone a major currency.

    The UN Coin hype is bullshit.  If anyone likes Photoshop and likes to pick apart doctored photos here's one of the "UN coin's" floating around.  It's using bad layering, poorly composite shadows and the reflection is pretty funny in comparison to lighting.  It looks like it's radiating from the person's hand, yet the coin is taken shot down in a dim light given from the left.


    Total Nonsense

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  • Mining: Dec 3rd, 2009 - Tricks of the trade on Metal I mentioned this in the channel earlier in the week, most of the doughhead analyst's out there usually report on one source.  THE ONLY SOURCE for mining information.  As far as I know and understand.  The rest are just company shills paid to take your cash.

    The Northern Miner.  Seriously want a place that won't stick it in your ass with regards to oil, copper, gold, copper.  Have a look see.

    Go to google type in Northern miner and start to understand how the chair, the car the house you live in starts.  You will start to understand my complete skepticism on how "rich" gold and silver deposits are and not.  If you are a shiny rock person, it should be the only news source you trust because it's written by the handful of people on the planet that find shiny rocks.  Senior Mining Engineers.  Protect yourself, your rocks and don't get played a fiddlers song of sorrow later.  Every other asshole you see selling gold hasn't grown a tomatoe in their lives and could point out dirt in a picture.  These guys live in it and have a living by it.

    Go check it out.  Same scoundrels that found out Bre-X could be your saving grace and you wallet.  Never know.

    Profits for all, may the force be with you.

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  • History of Douchebags: Nov 19th 2009 - Thar's gold in them thar hills...

    When I first started investing the biggest thing I ever heard of in Canadian stocks and mining history was BreX.  It was a phenomenon unlike anything in the history of gold mines.

    The story goes Bre-X decided to start doing some gold speculation in Borneo, in order to do this they needed a geologist.  So they hire this guy by the name of Michael de Guzman hired by the owners of Bre-X.  Guzman does a couple of core samples and determines that there is 31,000,000 troy ounces of gold in the ground.

    So with speculation, this POS penny stock on the TSX goes from literally 2 cents to $200 CAN in three years.  In then US to CAN exchange rates that's around $100.  It then does a 20-1 reverse split and the stock rises to $28 bucks.  That's fucking AWESOME!.  The company Bre-X at the time would have been valued at 6 Billion dollars US with gold being valued at $500 per troy ounce at the time.

    Other professional geologists were scratching their heads wondering how the hell they dug anything out of that soil, as the make of it isn't prone to anything but Orang-utans.  So they go in as interested third parties, sneak some core samples and come up with nothing.  Bre-X reacts to this by sending their prime geologist Guzman back into the sticks and grabbing another core sample, this time Guzman says that the estimate is closer to 200 million a troy ounce find, it's an insane value.  Current total estimates of all the gold on the planet ever mined is 161000 tonnes, or 5176 million ounces.


    What was being promoted was that one company has the line on 3% of all gold in the human universe in the entire known history of humanity.  It's like saying you invented the fucking wheel, here's the original notarized plans and where's my damn royalties you lazy shits.

    The Bre-X stock goes batshit crazy and orders can't get filled fast enough, retirement funds are dumping hundreds of millions into this sure thing.  The problem is partner companies working with Bre-X are now sneaking their geologists onto the mining sites and scratching their heads because they can't find anything.  Eventually a geologist working for the partners speak up in 1997 and the whole thing collapses in a big shit storm that is still being dealt with today in courts.

    Anycase...a small story breaks in the local Borneo paper with the partner's Geologist saying on record that there is as much gold in the Bre-X mine as there are diamonds to be found in a bag of charcoal briquettes.  The stock loses a little bit off the top, Gusman heads out into the woods to collect a core sample and just doesn't come back.  So this is where it gets really really weird.

    Appearently between 1993 and 1997, Gusman would happily stomp into the wilderness of Borneo and come back with a sample that fixed some incredible value to the piles of gold buried in Borneo.  Each time he mentioned it the stock would increase.  All the way to a 6 BILLION DOLLAR valuation.  "See that hole we have not dug yet?  It's worth 6 BILLION DOLLARS, Muhahahahahahaha.  Now kiss my ring."

    The primary geologist, Gusman, had been scraping jewellery quality gold into the samples and fixing them for anyone that doubted the gold find.  Thereby running up the stock price from .02 cents to 6 BILLION DOLLAR valuation.  The whole thing was a scam.  What set people off was the fact nothing seemed to be happening in the mining camp and most of the executives were off getting hand jobs by island girls.  No gold at all had been produced by the operation.  By the way, this had been all going on since 1989, this is 1997 when people start to figure things out. Nearly ten years of no gold, not one fleck.

    When the mass media caught wind of this they went crazy.  To paraphrase what happened next, it goes in this order.  Stock dumps a little after the story hits.  A couple of days after Guzman commit’s suicide by falling out of a helicopter, somehow managing to write a note before jumping.  Story goes out to a wider audience other than zoo keepers in Borneo and trading is halted on Bre-X to figure things out.  A day after that, Bre-X opens at 2.50 and instantly is dealt the largest prison ass raping during trading hours ever recorded.  The volume was so insane, people and computers passed out from the strain.  This all happens in five days.



    Guzman showing how big the invisible friend must be to carry a bag of invisible gold.





    Two months go by and more bad news about imaginary gold in a non-existent hole is dredged up and paraded around the media. The stock falls and falls and falls, if it could have fallen into negative numbers, it would have.   6 billion is instantly destroyed and lot's of pension funds are still not recouped from their losses.

    The whole thing taught the current and new generation of gold speculators a couple of things.  Let me know if anything sounds familiar with the gold speculators of today.

    •    If you are going to lie, lie big.
    •    Make sure that your independant review of core samples are managed by friends.
    •    Play up the limited availability of a commodity to increase your stock price.
    •    Hype the rags to riches story of your ditch digging company anytime talking to the media.

    Here's the funny thing about the current gold speculators, the talking heads on CNBC, 90% of them were connected in some way shape or form to Bre-X, anyone feel their stomach flipping yet.  A lot is written about it, so if you are looking for names and who did what, it just wasn't Gusman and the top Bre-X guys.  It takes a lot of people to keep pushing a lie that big, you would be surprised at who most of the times.

    The blow back was awful from this btw, the partners, investors and suppliers were taking shares in place of money.  So all those pieces of equipment that wasn't being used, the buildings, furniture, computers, everything, was all traded for stock not cash.  Pure speculation and the companies/people swallowed the whole thing up.

    Literally I knew people, buy and hold kind of people, that owned it from .10 cents and were leveraging the stock paper for loans.  Living large on bank IOU's, they didn't want to cash in the stocks because of rising value, so they borrowed on the principal value of the stocks they held.  Sounds familiar doesn't it. 

    A lot of people ended up fucking themselves in the end.  In Ottawa there is a bunch of really nice housing, million plus dollar homes the Bre-X flunkies were building.  After 1997, the Bre-X Millionaires disappeared and sold the same places to the dot.com telecom millionaires.  (Trend anyone?)  The term Bre-X is now synonymous with douche bag investments in commodities.  The funny thing is nothing has changed in the practices of gold companies. 

    Nothing. 

    Not one law has changed, been repealed, amended or oversights committed.  Bottom line, nothing has changed to protect anyone from speculation.  With a couple of stories I keep seeing flash by on CNBC, there is a "gold" company they seem to keep pushing.  I'm not mentioning it's name but it's being pushed right now on CNBC and the parallels are uncanny.  If anything with the current hype on with gold, just be very, very careful and look around at Bre-X.  It's a fascinating story on how big and bad a scam can be and the players in it are all excellent villains.

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  • History of Douchebags: Nov 19th 2009 - Richard Norris Williams II

    One of the penny millionaire spam pieces hit my mailbox after getting back today, it had the usual shill pieces on picking up some enormous piece of shit OTC stock pick that would net my 6.9%.  Wow?  6.9% eh?  How long would that take?  Twenty years, I'm guessing.  It did have a neat piece of history embedded in it though.  I've cleaned it up a bit removing the stock references the newsletter is trying to sell Brazilian junk bonds.

    ============

    The name Richard Norris Williams II might not ring a bell to you. But in the 1920s, everyone knew who he was.

    In 1912, 21-year-old Williams gained fame as a survivor of the sinking of the RMS Titanic.

    Later that year, he went on to earn his first U.S. mixed tennis championship.

    Now a member of the International Tennis Hall of Fame, there wasn’t much Williams didn’t win.

    He was a 1924 Olympic gold medallist, Wimbledon champion and a five-time U.S. tennis champion.

    On top of all his accomplishments, he was also a highly successful investment broker. Unfortunately for Williams, that was also his unraveling.

    He became a partner in an investment firm called C. Clothier Jones & Co. in 1929. His business partners in the small $5 million firm ($61.5 million today) were some of the brightest, most successful investors in the world.

    Of course, after the stock market hit the skids in 1929, the company took a hit. But thanks to the rally in first half of 1930, C. Clothier Jones & Co. was in better shape than ever.

    He was on top of the world in the spring of 1930. But just like the year before, market speculators pushed stocks higher than they were worth. By late summer, the rally turned into another massive sell-off.

    When October came around, Williams and his partners were doing everything they could to stay in business. Their investments turned to dust, and they were so incredibly over leveraged the only course for them was to fudge some numbers and blatantly lie to shareholders.

    Williams left the country in mid-October to get married in Europe. By the time he returned, he was a wanted man, for market manipulation. Four of his colleagues and large investors in the company had ended their own lives in that single week.

    We are facing another summer of 1930. The rally that started in March of this year is eerily similar to what made Williams and his partners look like kings of investing.

    ==========

    ...it continues to explain how I should be hiding all my money in something so secret and awesome that they are only privy to it.  It's probably something to do with those robot hamster kids are going batshit for this Christmas and selling them on eBay.

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  • Irish Yoga: Nov 18th 2009...What is good in life Conan?

    To crush your enemies, see them driven before you, and to hear the lamentation of their women.

    If I were a pre civilzation man I would say absolutely, that and punching camels.  It's been a good week.  Monday was great, rode TNA up on the wave.  Tuesday was a slog playing ranges.  Brutal, like waiting for a bus to show up, except you get $100 everytime you ride.  Today was solid.  Again though, I wasn't happy with the about of resetting my position.about 20 times.  $200 fucking dollars in trade fees, ate into the 600 I made for the day.  Oh well, it's deductable and I'll STFU now.  Weird week.  Awful news on Monday and the market hitches a ride on a rocket ship, tues/weds flat as my ass (if anyone has found my ass it fell off in the 90's please return to owner).

    Since my site seem to be plastered in semi gay porn selling muscle pills for those the want a stroke at 30, I counter with Conan, since only he knows what is good in life.  Otherwise the chat room experiment has been a lot of fun.  Mohsin (Comfort Dental) and I were hanging around the first ten minutes, first ten minutes and some delightful lady starts pestering us for our email addresses/info/etc.  Tempting, we made fun of her and she left.  Another one logged on around 12 and giggled.  I swear to Christ I was waiting for A/S/L/Dick size as a question.  I think the chat room is attached to a porn banquet somewhere, or they were just bored teens.  After watching the news tonight, maybe it the scourge of teen skanks sexting each other.  Who knows.

    Overall the chatroom is working out.  The cam-babes sniffing around was what I was annoyed with initially when I had comments enabled when I started the blog.  I believe public comments can be managed in one of two directions, everyone gets to chat regardless if they have a user name on the system, or no comments at all.   Must have cleaned off 500 cam-gurl, russian bride, porn site ads when I turned the key on the site.  However I think it's been off long enough that I'm off the radar.

    So today was interesting.  Lots of people poking and prodding, throwing out some good ideas.  Lots of stop out's, me included.  Brutal.  Market was all over the goddamn map.  However it was flat in terms of a day.  two flat days...that nearly match EOD on Monday.  So here we are sitting on top of this mesa.  My spider sense is tingling for Bear.  The market has consolidated at around 1110, but again a three year old with a Whiffle bat could pound the shit out of it regardless of the idea of institutional buyers purchasing large blocks of crap.  It has nothing holding it up.  Still not even sure how the hell it got here or why there's even a single mega bank alive.  Considering the whole system was broken in Sept 08 due to over leverage.

    The media (hack!-cough!-CNBC-Wheeze!) never quite details if the institution is financial or a mental one, I'll split the difference and say it's rodeo clown institution.  What is never mentioned that the big buyers probably have a stop loss tighter than a virgin's daughter.  Why?  Because they aren't insane.  First sign of trouble and you'll see them run away, laughing mostly with fists full of cash leaving 97% of the market with nothing but a big roll of worthless fungible equities and shiny rocks.  So if you are in a profit position, take it, if you want to hold, put the stop loss in to protect yourself when/if it drops.

    I know this has been making the rounds but when trading every day, the animal behaves predictably, constantly.  Dollar falls then oil and gold goes up VIX drops in pre-crash, now everything does whatever the hell it wants too.  The old rules do not apply.  Comfort Dental found a neat trend with the USD and FAS/FAZ pairing up.  I usually like playing with matching CAN$ with ERY/ERX.  S&P matches TNA/TZA.  Like a canary in a coal mine, they are warnings that give about a minute heads up of a direction on most of the ETF's.  Not because the ETF's are tied to them, but because industry sectors have setup weird little silos.  Before crash, the pairings and ties, it would have never happened.  It mostly tied back to the sector and the top strongest earning companies, not the principal value of the currency or an entire index.  Currency value was usually a teriary item to evaluate an industry or commodity,  Weird really.  Anycase I'm done touching the keyboard for the night.

    Good luck to all and it looks like the Nikkie and the hang Sang are getting hosed right now, like bleeding to death baddly, third day in a row.  Tommorrow I'm a Bear.  Rawr!

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  • Flim-flam Man! CNBC talking heads.

    The usual tomfoolery and flim flam is on CNBC.  I cannot believe how big of a bounce the market it's taken.

    I'm looking at ZSL right now.

    I've been in and out of TNA.  Bought at 42.04 this morning, sold at 43.37.  Tried to repositioned at 43.25, flipped at 44.00.  Tried to get in at lunch kept getting stopped out on my buy price three times.  Otherwise I'm done flogging TNA.  Oh yeah, did one trade in TZA, made .05 cents.  Nice tidy 5% again today.

    Tomorrow I'm going to sit in the chat room with Comfort Dental and we're going to play the inevitable swing trades.  aka the infamous Denis the Menace (DTM).  We'll play our trades tight and call them as they go.  Feel free to join us.

    Otherwise it was refreshing listening to Ben at lunch, a nice no horse shit talk about what needs to get fixed.  The odd douche-nozzle bank apologist drivelling about nothing, I swear they fill the audience half the time with morons that love the sound of their own voice.  There was one single question of Merit, not sure who asked it because I was making spaghetti sauce at the time kitchen so i missed the guy asking the question.  It was an older lad's voice and it was about keeping a thumb on bubbles.  Only time seen Ben skip a heart beat in the entire discussion, the answer was fair enough though it was total flim flam.  The Fed wants low interest rates and a weak dollar, better for business over all.  Does translate into increasing costs in energy though and a lower silver price (USD is semi backed by silver appearently).

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  • Jazz Hands! Razamataza! Cha Cha! Look over there S&P readjustment...

    Even in Premarket the S&P rez of 1100 is slightly off it's morning high.  Personally I think we'll break the magic number as we have in the past.  Next point on the S&P appears to be 1120.  Unfortunately it's about as tough as knife wielding, dancing, jazz hand Italian west side gangs.  While we understand it's tough as nails, we all ready know a three year old with a whiffle bat will be by and pound the snot out of it. 

    Retail numbers are down (no shit), market has cost that in and it's looking seriously Bullish for today.  We'll break the point of rez and make up for some lost time.  Keep the bullshit radar on and the stop losses tight to keep your profits.  Everyone is just far too happy.  CNBC is currently giving themselves handjobs and felatio about how amazing their understanding of how things go up versus down.  I expect any minute now they'll be dragging out a magic 8-ball and asking it will ex-CEO Bill Gates marry me?  Anycase, the trend is about 90% Bullish today and I'm running around in TNA and TZA.  Small caps have been wounded over the last couple of weeks and have the most to gain over all, I'm not going to bother playing too much DTM (swing trades).  Instead I'm sticking to the usual of SL at buy price and keep readjusting until it sticks.


    Good luck to all today.

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