BAGAKOAA; 9-10 February 2012 Runnin And Not Gettin Anywhere

Post 592 CLICK HERE To See Past PostsFebruary/2012

 

Running and Not Getting Anywhere

 

That is how I started my day(Thursday). It was that time to do my annual treadmill test. To my surprise and despite my best efforts to the contrary, all of my valves were pumping just fine and there is no apparent damage to the old heart muscle. In the sonogram we did see some pastrami and filet stuck to the walls of my heart with small pieces of goose liver. The doctor said it was nothing to worry about.

 

I spoke with the doctor about an article I read. It concerned a valveless artificial heart. Think of it like a little rotary engine in your chest. The cool thing is you would not have a blood pressure or pulse. See I would like that just to watch those thin fit people who jog in place on the corner feeling their carotid to get their pulse. Yeah, they'd be freakin out thinking they were dead. Then you could also see the arguments people who needed emergency care would have with their EMT. I can see it now. The EMT, would take your vitals and say, "Time of death is. . . " Then you would say, "No, I am not dead." Then the EMT would say, "Sorry, yes you are. No pulse, no BP, you are dead." Then you would say, "No, I am not dead." As they put you in the body bag. Then the EMT would say, "I see dead people." This could be fun. I guess they could tattoo a Mazda logo on your chest with a little sign that says, "Piston engine goes boing, boing, boing, boing.Mazda engine goes mmmmmmmmmmmmmmmmmmmmmmmmmm." OMG I am getting old, look at the commercial.

 

Ellen arranged to meet me at the car dealership as they called and said I needed service on my car. I have had the car 13 months and have 8,834 miles on the vehicle. They thought the number was wrong, but I explained I only drive it to and from work. That is about 11 miles round trip. But I do like my car.

 

Then I had Ellen bring by my bagel shop as I was starved after having run on the tread mill for almost 7 minutes. Then it was to the salt mines and clean up the desk and the e-mails. Having arrived late it seemed silly to have lunch and after all it was only about an hour since I had my breakfast, we worked through lunch and waited for the exciting finish to the market today, z z z z z z z z z z z z z.

 

I made it home in time to go to the last Basketball game of the season and Jack got some decent playing time. We were playing against the Servite A team and the score did not reflect how well our guys were playing. We got clobbered. There some nice pictures taken of the team.

 

By the time we got back in our neighborhood, we picked up some dinner at the local Italian place and we all enjoyed the meal. (Veggie pizza with double garlic if you were wondering.)

 

This morning (Friday) Jack had no basketball practice and got to sleep in till 6.30AM. I had to get up early and clean up some portfolio faux paux's from one of our core holdings that went bad.

 

After getting Jack to school and doing some plastic surgery on the accounts, I decided to go for a swim. What a beautiful morning. The water was an almost too warm 84 and the air temp was about 70. As I did my stomach crunches looking up into the sky from the pool, I saw two beautiful hawks flying around our yard. All I could think was, "Where are the darn little dogs when you need them." Strap a piece of bacon on their backs and we would be down to 3 dogs. Another opportunity missed.

 

I picked up my car from the dealership. The did a great job on the detail and scratched the hell out of my leather seat on the driver side. The representative said, what would you like us to do because I don't want to get a bad report on my survey? I said, survey this! Ok, I didn't say that, but wanted to. The good news is my iPod is now working in my car and I have 3887 songs to choose from. I chose my CD first of course.

 

Tonight we are going to the movies, plural. That gorgeous brunette and her mom are going to see the Vow and Jack and I are going to see the Safe House. Its kinda cool going to a guy movie with your son. Until we leave, I got to figure out what went on in the market today.

I Had A Nuance

 

I thought I had a nuance of what might be going on with Nuance, but I was wrong. Apparently much of the great quarter in profits in NUAN was due to a one time tax benefit. When back out, the earrings were just shy of expectations. Reading between the lines, all sectors of the company reported double digit revenue growth which bodes well for the future. Unfortunately it created some interesting gymnastics for me in addressing the surprise in the 11 accounts that hold NUAN.

 

Yesterday, (Thursday) before the earnings call which I thought was going to be beautiful, I tightend up everyones stop order on the stock, just incase there was a surprise. We had a nice run on Thursday so I was confident we would have a good report. I tightened the stops to protect the 20% gains in most of the accounts.

 

Well the bad news hit about 15 minutes after the close and as you know stop order trigger market order for the price you indicated in the stop. I watched the after hours trading a soon found the stock had deteriorated well below the stop, but since the market was closed, we still had the stock but were facing a train wreck in the morning if I did nto cancel the stops. Now I had to decided, is there something systemically wrong with the fundamentals or was this just some report generated profit taking on a slight miss. Last night after reading about the tax issue, I decided to canel the stops and hope for rebound in the morning. I was at the desk at 6:00 checking the premarket and there was a bit of a recovery but then the news about Greece not realizing their bail out had the whole market off about a 1% which put a burden on the NUAN bounce back. I still thought that we will see this bounce back in the sort term (1-2 Months) probably to or above 30 unless more Euro problems arise. (Keep your eye on Egypt as they need 30 Billion here form the IMF.)

 

All of the Salve Lucrum family are trusting me on this one and while that feels nice, I wish that NUAN had just done what it was supposed to do. I did ask Siri, the NUAN generated voice inside the iPhone what the price of NUAN is going to be one month from today. She replied that she could not tell what the price of NUAN will be on March 11, 2012, but here is what it today. Well at least the technology works even if my intuition does not.

 

The 90 point drop in the DOW today was triggered by the EU finance ministers who insisted that The Greeks find another 325 billion in cuts. Well the Greeks did not like that threatened to go on work. Badda Bing. Get it? They always strike, how about they all went to work, that would sow us. Anyway we had that news and pissy consumer sentiment report and the trade deficit widened making a perfect storm for profit taking.

 

We will probably see one more day of distribution in the S&P 500, but the green flag should be flying on Monday. I will let you know, have a great weekend.

 

Salve Lucrum

 

 

 

 

 

 

 

Brian Ireland
Since 12/21/2011
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.

2012 Year Ending

Dow 13,073

S&P 500 1,358

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