... I just cracked the bottle of inflation scotch... hmmmm...
I'm a total tight ass... I dumped $50 bucks in wine, and $20 on this bottle. For those who don't know me... which is you... It's been a long time since I purchased a bottle of scotch under $60. But it was on sale.... and I am Reveling in my Tight assed ness. It's recession time, and I'm doing my share. I'm sick of the Excess of the past 20 years. I want the recession I want cheep bottles of Canadian bourbon..... But I digress.
I was checking Oil and things are looking weak..... declining prices .... The dollar is looking slightly weaker... which isn't emboldening me. With my luck Dubya will bomb Iran while I sleep.... But that is loser talk....
I have this wine rack to fill, see... I'm going to fill it with <$5 bottles, then drink and replace with better ones....
Oh... Why was I blogging....
Funny thing.... I forget what a good trader I am..... A friend of mine called me, saying "I wan't that bank stock you have been talking about... and when Shitty bank(c) posted that bullshit about how to dilute shares, Money raising (citi isn't a buy till they kill the Dividend). So, I call her and say... "All the financials will trade down in the morning, buy 30 minutes into the session... of course she uses a broker, and ignored me, purchased at the open which was the high of the day.... Then it traded down as I said.... She purchased But still over the course of 3 or so days, she is up a few grand.... she called me today, wanting to have my spawn....
I'm all nonchalant, blaming her broker for being stupid and her not buying at when I said.... cause she would be up another grand..... It's weird how appreciative people are for that kind of advice..... But WTF do I know...
Oh, and I'm getting my old man Trained..... He called me when Exxon was trading down so far....
"should I buy it."..... I was like "Ya, WTF...".... Giving him huge props for Contrary thinking... Though I think EXXON has 96 in it...... and I'm short oil...... but WTF...... that and I sat on the phone with him with his finger on the button(cause he likes the feel of trading it for himslef). and I set up a Limit order, then had him set up for a Market order..... if it traded like I figured it would..... "Ok, dad Market order that fucker...."
Cardinals are about to beat the Cubes.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Sunday, May 4, 2008
Inflation Scotch
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