BAGAKOAA; 14 December 2011 Fast Forward For Life

Post 563 CLICK HERE To See Past PostsDecember/2011

Fast Forward For Life

 

Wow! I just read last night's blog. You people deserve a medal. That really sucked.

Even I was thinking about opting out. You deserve much better.

 

Last night it ended up getting late and should not have blogged. I was home early enough, but then I had an assignment. I was given about 5 horse pictures I had to scan and then Devin picked out some horse pictures that needed to be sent via e-mail to a lady who is building a presentation Christmas presentation for our trainer Theresa Peteyo (On The Right In The Photo) at Turning Point Farms.

Now this would typically be an easy enjoyable assignment, but some of the pictures were taken by Devin on her higher end Nikon on a high quality setting. That means each photo was about a gazillion bytes. (I think the technical term is gb, no that would be gigabyte, so let's call them gzb. Anyhow these are big files.) Once we had all 25 picked out, we tried sending then and choked the PADI Server. Hey this is fun. Then we finally got it chunked to manageable e-mails and the chore was done.

 

Once that was done, I offered to work with Devin to get our photos for Christmas card inclusion. This was one of those projects that started about two months ago with Devin saying, "I have to . . . ". Now at the time I did not do the I=((I=WE)<I=ME)=ME equation and realize it would be my assignment. Well she=ME did the chore last night. The pictures will be done tomorrow and the Christmas Cards will go out. Now some of you might have received Christmas cards without pictures, not to worry, it just means we don't love you as much as the people who got cards. You will get over it.

 

The two projects took about two hours and some. I think I told you that last night, but did not provide the grisly details. Now you have them and understand why I have no life.

 

Do you ever wish you had a remote control for your life?

 

I know there was a dumb movie made in 2006 with Christopher Walker and Adam Sandlar where you could use a remote to control your life. Really bad writing took a great idea and killed it. If you are scratching your head, the movie was "Click!" But wouldn't it be cool if you could manage your life like a remote control.

 

Seriously, I know there are times when I am talking and if Devin could, she would hit DELETE. And there are many times when she is talking, a FAST FORWARD would be invaluable. Then there are those times when it would be cool to be able to replay. Take yesterday for example. In the middle of a mundane morning, I got a copy of a text sent from Man Child to Mom, telling us about a phenomenal grade in math. Mom quickly replied, as I did with accolades. I could replay that all afternoon and not get tired of that moment. That would be cool.

 

Well while I was at the helm of Market Control this morning, it is frustrating waiting for some of our option trades to mature. It would be nice to speed things up a day or two or thirty a head to see which option was going to blossom into a winner. Don't get me wrong, we were handsomely rewarded right after the opening (More Later).

 

Imagine being able to FAST FORWARD through an event or a meeting that you really did not want to attend. It would be cool.

 

So do your kids give you crap? It might not be a bad thing.

 

Ok I had to share this bit of worldly news. As you know I encourage readers to try new things, go new places, and read things they might not normally read. It has been proven to be good for the mind.

 

I was reading this month's Scientific American (Not that unusual for me.) Have you ever heard of a bacteria called Clostridium Difficile? It is a nasty little bacterium that inhabits your colon and can cause a wide variety of gastrointestinal problems. Doctors at Brown's University, the Einstein College of Medicine, and Universities in Europe and Australia are trying a new procedure called, fecal floral reconstitution or fecal bacteriotherapy or fecal transplants.

 

Here is how it works, you find a close relative, like a kid, ask for some poop and they shoot it into your colon and you are cured. Tada! How cool is that. If you don't have kids other close relatives would work. They will get to a point where they can type poop. Heck it's easy, I just did it. Poop, I did it again. It ain't hard to type poop, oh, I did it again.

 

I can see it now, we will have poop banks. Now that should not be confused with the Euro going down the crapper. You can make poop deposits in case you have stomach ailments in the future. So would that be a poop depository or repository or (Ok you know where I'm going.) suppository. This is fun. I crack myself up.

 

From now on when you tell someone you do not take any crap from your children, you will remember this article.

  

I spent some of the afternoon reading PADI's October financials. I gotta tell you earlier in the year I was concerned about the Arab Spring's impact on the middle east and then the Tsunami in Japan. Both areas are very important to our industry. Despite those relatively major set backs, 2011 looks to be a great year.

 

We wrapped up in time to see Man Child play basketball tonight against Trabuco Hills High School. The Eagles prevailed again. 33 to 27, a really good game. Here is my boy below #45.

 

After a picked up Italian dinner I helped Jack with a science summary about the reproductive system. Ooooo, yucky. By the time I got that done, it was 11:11 and time to finish up the blog.   

Fast Forward To Tonight

 

I was at the helm of Market Control (I have like three audiences now. I have the masses of Salve Lucrum readers who ONLY want to hear about my crazy goings on at Cronin Land, I have those that are brave enough to read the Cronin Land stuff and venture further down the drivel to the Investment Economic Stuff and separately we have the Salve Lucrum Family who are people who actually trust me to assist in their investing even though they have signed in blood that they know I am not a professional. I send periodic updates of portfolio performance - you can tell I'll sober if I can type and say that- to the salve Lucrum Family as necessary through the day and week.) and we were rewarded with a nice opening gift as our PRGO Perrrigo January $100 PUTs we bought on the 8th for $4.20 each popped this morning and we sold out at $6.10 a 45.2% return for four trading days.

 

Here if you care is how we did that. Last week, the 7th I believe we used a screening function on FINVIZ to screen for stocks that were within 5% of their 52 week high and had a RSI (Relative Strength Index) above 60 %. (Anything over 50 indicates a stock MIGHT be overbought.) Then we took those 175 stocks on that day and ran them through a quick check with our chart criteria we have been talking about here for the last two months. (20, 50, 200 day EMA, MACD set at 12,26,9, Momentum 14, and RSI 20) and looked for the stocks that appeared to be very overbought. We are choosing over bought because the market is in a correction so we are looking for the gravity of the downward market to take these overbought stocks down quickly. If the market was in a confirmed rally we would be looking for stocks that were oversold and near their 52 week low. On the 8th we found D, ALXN, PRGO, and NBL all meeting our criteria. That is right, 4 out of 175. I never said this was easy.

 

We bought in the money January PUTs for all four and for many of the Salve Lucrum Family Members.

 

Let's take a look at the chart for PRGO.

 

We admit we may have got in a little early as we prefer to wait for the cross of the MACD line through the signal line like you see at 1,2,3, but the price and its deviations were all above obvious resistance points 4,5,6. That combined with the fact that the prices was breaking out of the Bollinger Bands to the high side, 7, made this look like a stack in need of a nasty correction. Now based upon my criteria, we may have wanted to hold on to the PUTs a little longer. BUT, Bears Make Money, Bulls Make Money, PIGS get slaughtered.

 

I hope this helps you see what we are doing. If you want some one on one walk through I'd be happy to do it. You will need a stock chart platform that has the MACD, Momentum, and RSI to identify these trends.     

 

We ran the screen tonight and there were 231 possibles.  We looked at the top 38 and only found one worth mentioning.  MCD.  That's right McDonald's, who has been on a tear for quite a while is looking quite a bit over bought.  Keep an eye on a possible correction of 5-7%.  I am hunting PUTs on MCD in the morning.

   

Salve Lucrum

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I feel that change a comin

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I was at the helm of Market Control (I have like three audiences now. I have the masses of Salve Lucrum readers who ONLY want to hear about my crazy goings on at Cronin Land, I have those that are brave enough to read the Cronin Land stuff and venture further down the drivel to the Investment Economic Stuff and separately we have the Salve Lucrum Family who are people who actually trust me to assist in their investing even though they have signed in blood that they know I am not a professional. I send periodic updates of portfolio performance - you can tell I'll sober if I can type and say that- to the salve Lucrum Family as necessary through the day and week.) and we were rewarded with a nice opening gift as our PRGO Perrrigo January $100 PUTs we bought on the 8th for $4.20 each popped this morning and we sold out at $6.10 a 45.2% return for four trading days.

 

Here if you care is how we did that. Last week, the 7th I believe we used a screening function on FINVIZ to screen for stocks that were within 5% of their 52 week high and had a RSI (Relative Strength Index) above 60 %. (Anything over 50 indicates a stock MIGHT be overbought.) Then we took those 175 stocks on that day and ran them through a quick check with our chart criteria we have been talking about here for the last two months. (20, 50, 200 day EMA, MACD set at 12,26,9, Momentum 14, and RSI 20) and looked for the stocks that appeared to be very overbought. We are choosing over bought because the market is in a correction so we are looking for the gravity of the downward market to take these overbought stocks down quickly. If the market was in a confirmed rally we would be looking for stocks that were oversold and near their 52 week low. On the 8th we found D, ALXN, PRGO, and NBL all meeting our criteria. That is right, 4 out of 175. I never said this was easy.

 

We bought in the money January PUTs for all four and for many of the Salve Lucrum Family Members.

 

Let's take a look at the chart for PRGO.

 

 

We admit we may have got in a little early as we prefer to wait for the cross of the MACD line through the signal line like you see at 1,2,3, but the price and its deviations were all above obvious resistance points 4,5,6. That combined with the fact that the prices was breaking out of the Bollinger Bands to the high side, 7, made this look like a stack in need of a nasty correction. Now based upon my criteria, we may have wanted to hold on to the PUTs a little longer. BUT, Bears Make Money, Bulls Make Money, PIGS get slaughtered.

 

I hope this helps you see what we are doing. If you want some one on one walk through I'd be happy to do it. You will need a stock chart platform that has the MACD, Momentum, and RSI to identify these trends.        

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Brian Ireland
BAGAKOAA;

I am not a professional investment advisor. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. There are many more qualified people than I to actually tell you how to invest your money.

BAGAKOAA=Boys And Girls And Kids Of All Ages

Salve Lucrum=Latin for Hurrah for Profit.

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