BAGAKOAA; October 22, 2012 Don't Call Me . . . 

Post 727

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October/2012

Hey today was a great day.  I got up and got Jack off to school and met with the guys in the backyard to find the water leak.  I believe we have found rare earth metals.  Then it was upstairs to watch the tumult (Romney used that word seven times tonight.  I don't personally like it.) in the market. 

 

Then I announced to Devin, "I am going to the movies."  I really did.  I waited for a reaction and all I got was "OK".  It was a little anti-climatic.  I guess she was still riding high from her one loss this week football pool.

 

Anyhow after taking acre of about 3 hours of business at my desk (almost interrupted) I raced off to the theater as I wanted to see Taken 2, while it was in the theaters.  It is not Devin's type of movie.  Not enough fluffy bunnies, romantic fireplace scenes, and running in the waves.  So I went alone.

 

It was not as good as the first one, but pretty good.  A bit predicable as every time Liam Neeson left his wife or daughter alone they would get taken.  Dude, just bring them with you every time you get the bad guys.  No brainer.

 

It was nice getting away from the minutia cesspool for a while.  Then it was back to reality and picking up Jack.  Then I thought I would do something cool and return a couple of items that Devin had order on line but not had gotten around to sending back to the supplier.

 

There were two items.  One of them was in a box.  When I got to the UPS store and filled out the paperwork, I realized one of the was a sealed box with no address.  That made it a tad hard to return.  Randy at the UPS store and I opened the box and got the return address.  That was fun.

 

Then it was a couple more chores.  While running around I realized how cell phones have changed out lives.  I don't know about you, but do most of your conversations now begin with, "Sorry, I was just getting the mail and the phone was still in my car."  And then the other person says, "Well, that's Ok it was not really important." 

 

Or when you are on the phone and some one rings in you automatically begin your return call with an apology for not answering.  It usually goes something like this, "Oh sorry, I saw you buzz in but I was on the phone with some one I like more or is more important than you."

 

Then we have those special calls for just our significant others.  They usually go something like this.  "Why didn't you pick up?  I called 6 times in nine seconds and you didn't pick up?"  And your reply might be, "God, I'm sorry! What is wrong."  And the reply might be, "Nothing, but you should keep your phone where you can hear it."

 

Or, the call begins with, "Where are you?"  and once you announce your 20 (cop talk for location) the answer is, "Oh, never mind."  Now guys, I can tell you "Never Mind", NEVER means, "Never Mind".  You need to immediately start guessing where you were supposed to be at that moment.  Here is how you do this one.  (remember I got to watch pro football all day long Sunday, so I am good.)

 

You answer your cell phone and the other party to which you are speaking asks, "Where are you?" Pick the most general description of where you are.  "I am in my car."  "Oh can you go to the grocery store?"  See.  How good was that? 

 

Now the beauty of saying, "I'm in my car." Is that one day your sig other will call and you will be in the grocery store when you say you are in your car.  Then you can get the grocery and be home exceedingly fast and really make them wonder how you did it. 

 

If you answer, "I am at the grocery store." They will want to know why you were at the grocery store.  You gotta love cell phones.


What Goes Down

 

Well it doesn't always go back up, but it was a wild ride today.  We did not closely watch the market today which was fine with us because it was loaded with tumult.  (Sorry really don't like the word.)

 

Did you notice how they each had dopey smiles when their knew the other guy was lying out of their behinds.  I just could not do that.  Sorry, I'd be saying "Bull$%&%), you lying sack of pompous pontification."  But I digress.

 

Poor earnings kicked the snot out of the market and it kept going down until it crossed 1,425 on the S&P 500.  Does that number sound familiar to any of you?  Yeah last week we told you to watch that resistance level.  It briefly broke through and some of the big money casino managers must have yelled "Oversold" as the market made a quick recovery to where it started.

 

It is obviously still a market in correction so are there any plays to make.  Here is one worth considering.

 

MSFT.  Yeah Microsoft.  I know their stock is down about 11% in the last 3 weeks.  But MSFT at 28 bucks a share is looking sweet.  We were pimping it to you are 30+.  Do your homework and if you like MSFT at 28, you would love it at 27 right.  (Take a look at the dividend yield before answering.)  Now you really gotta wanna own MSFT to do what I am going to suggest you consider.

 

Look at the January PUTs at 27.00.  You can sell them for 87 cents a contract.  You get 87.00 a contract for taking the chance to buy MSFT in January at 27.00 a share.  If MSFT is above 27.00 a share, you get to keep the $87.00, if it is below 27.00 you get to buy MSFT at 27.00.  It might be worth the consideration.  Just think you can buy Microsoft at 14% off its 52 week high and get paid to do it.   

Salve Lucrum

 

 

 

 

 

 

 

Brian Ireland
 
 
Since 10/10/2012
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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