BAGAKOAA; 5 July 2012 Every Which Way But Up

Post 683

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July/2012

Every Which Way But Up

 

Of course Eddie Rabbit had a smash country hit with the same song (Loose in lieu of Up) in 1979, as the soundtrack title song from the same named movie it shot to no 18, setting record for highest initial spot on the CW Billboard charts. (It was later crumbled by the likes of Garth Brooks, Keith Urban, Kenny Chesney, and again by Garth Brooks who took the amazing number 1 slot with "More Than a Memory", right out of the chutes.)

 

Everyway which way but up described the market today, but we will bore you with that later.

 

The skies have opened and it is raining in Draper Utah. All signs indicate that the fires are or will soon be extinguished. Funny thing is we had no rain in the forecast. Rain is actually a water vapor that is precipitated by little teeny tiny specks of debris (dust, dirt, and yes ASH) that return to a liquid aided by gravity and falls to earth. So in this case the fire begot the rain. (There is a song in there somewhere. Come on Ryan and Ted help me out here.)

 

Rain drops keep fallin on my, No that has been done.

Oh I've seen Fire and I've Seen rain, no that has been done.

It Never Rains In Draper Utah, but girls, no that has been done.

Purple Rain, no that has been done.

Here Come The Rain Again, no that has been done.

Have You Ever Seen The rain, no that has been done.

Oh I Love A Rainy Night, hey we are back at Eddie Rabbit again. That was fun for me. Probably annoyed the hell out of the readers.

 

Anywho, we hope your 4th of July was wonderful. I received a very nice greeting from my good friend Douglas in the UK when I opened my e-mails first thing yesterday. "Happy Pruning Day", I'll give you a minute. There ya go. Funny. Douglas, being a true loyalists holds the belief we did not gain our independence, but rather King George III benevolently allowed our thirteen colonies to be free.

 

We did some organizing and putting things back in order from our return to home and then decided we would go out for dinner. We were amazed to find nearly everything closed. There was no food to be found anywhere. I even went to Hanna's and waived a 100.00 bill at the front door and there was no response. If Sean, Kyle or Dave the bartender was there, I knew they would come running. I think I have seen Dave the bartender do strange things with little animals for a lot less than a C note.

 

We ended up at a Mexican restaurant and ate 846 tortilla chips, 2 quarts of salsa, 1.7 pounds of beans, and consumed 4 margaritas. We met new neighbors who told us that we were the PADI people right? Nice folk. Then while we ate our dinner, in walks Betty and Mike, readers of the blog. They drove about 87 miles to get to the only open restaurant in south Orange County. We sat with them while they finished their meals and they bought us another margarita, (just what I needed. Yo estaba hablando espanol con fluidez por el entonces.)

 

Now we had told our son in law and daughter that we did not want to go to the lake and watch the fireworks and wanted to stay home for the night. BUT NO, we ended up 83 yards away from where Kristin, Ryan and Jack were sitting when the fireworks were started. In a 22 minute display we watched as about 150,000 dollars in Chinese fireworks were spit into the sky for the remembrance of a document that was actually signed by most of the signees on August 17th. But this is America after all.  (Interesting, China buys our debt and keeps it we buy gunpowder wrapped in paper and burn it up?)

 

Today, I tried to process the carb and bean fest from last night by cleaning up almost 1300 deleted e-mails. There are lot of people out there that think I run a company. I get about 5-6 e-mails a day telling how to improve every facet of our company and they are personally addressed to Brian.

 

Brian, let us show you how to get people spending more time on work and less time of Facebook.

 

Brian, your IT department is not fully compliant with the latest regulations governing. . . . . .

 

Brian, your accounting department has a huge opportunity to convert account receivables to . . . . .

 

Brian, you are under utilizing your e-mails list, let us show you how to leverage . . . .

 

I don't remember meeting any of these people and do not know how they my e-mail address. There are some days when I would like to reply, "Thanks Bob, your house is too small and your children dress funny, how about I swing by and discuss how to look cool." Or "Sally, thanks for the note about our accounts receivable. How long are you going to continue driving that ugly car. With lease rates so low, at least get one with a GPS so you don't drive around aimlessly in town.) Yeah I can't do that, but there are days. . . . .

 

Then you have the investment newsletters.

 

Brian, before you buy another stock, let investatrader how you how to never loose money again by . . . . .

 

Or Brian, I can not tell you his name, but one of our very wealthy clients just made 712% on the next Exxon energy stock. I can tell you that it is . . . . .

 

Or Brian, by joining our trading team you will have access to the most successful trading secrets in the last 10 years resulting in a return of 1026% just by . . . . .

 

Or Brian, the stock we are going to tell you about is going to go through the roof. This small mining company in Western Canada only has revenues of 126 million dollars a year but in a matter of months it will be the most recognized name in the mining sector all because. . . .

 

Really, I just want to hit reply and say, Thanks Theo, Ealrier today I put a 100.00 bill under your chair, thanks for the great tip, keep them coming.

 

Or, Peter, I am confused, because John there at your office sent me the same e-mail yesterday with a different stock name and I do not know which one to buy? Please send me your home number so I can call later to discuss.

 

Then you have the wine sellers.

 

Brian, for a limited time, we have 4 bottles of a cabernet that will become your favorite. (Ok if they only have 4 left how long could it be my favorite?)

 

Or, Brian we just got hold of a limited quantity of a rare 2009 Sonoma Valley Pinot that we just love here at Grape Nutz. Once we sober up we can send out what is left for only . . .

 

Why do they have to call me Brian?

 

Ok enough of that. (I hear applaus, look Ben is standing and applauding. A standing ovation. Oh he was just adjusting his jammies.)

 

The market did have a lot of wild and whacky moves today. There was basket full of data points to react to and at the end of Mr. Toad's wild ride the results were technically mixed but mostly down.

 

Globally there was a lot of economic easing policy announced in The UK and Europe and if you were paying attention even in China. Our own jobless claims came in better than expected. That was offset a bit by a disappointing service sector survey. June retail sales were lackluster and mortgage apps took a knee.

 

We are looking at our screens tonight to look for more gems. If you want to play along, we are using the Auer Screen filtered with the IBD composite rating of 80 or better and then our Buffet Evaluation worksheet. That screen does not result in many stocks. Today's screen had 23 stocks out of 8,000 and the Buffet Screen will probably drop about 15-20 more. AGU and BOFI are two of our core holdings and still remain on the screen.

 

Have a great night.

 

Salve Lucrum

 

 

 

 

 

 

Brian Ireland
 
 
Since 6/29/2012
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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