BAGAKOAA; December 6, 2012 19 Hours And 4 Blisters Later

Post 754

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December/2012

Ok I only let you  lon   or on  ni h.    o, I  you  oun   he  ui k no e   llin  you I  oul   e  one    oupl  o  ni hts.  My secret mission was to drive some holiday stuff up to our place in Utah and bring some of our stuff down from Utah.

 

It is 729 miles from our house in California to our place in Utah.  If you don't drive like an idiot and don't hit too much traffic leaving or coming back to Southern California, and you don't hit any traffic in Las vegas, and you don't hit any traffic in Provo (Don't laugh they have been working of the freeway there since Bringham Young said, "I don't care there's no ocean, this will do."), you can make the trip in about nine and half hours including very quick potty breaks.

 

My buddy Dennis and I nailed it each way at almost exactly nine and half hours each way.  He did most of the driving.  It did bother me to watch him get out of the truck and walk with a lean to the left.  When I asked, he said he was little dizzy.  He still drove about 70% of the trip.

 

I was playing guitar.  I brought my Washburn Traveler with me as I have not played in about a year or so and needed to build up my calluses again.  After about 8 hours of playing guitar over two days, the tips of my left hand have nasty blister and it makes it very hard to type without crying.  That is why the first two lines look the way it does.  Here is how it should have looked. 

 

OK, I only let you alone for one night.  Two, if you count the quick note telling you I would be gone a couple of nights.

 

There, the Percodan and Demerol have kicked in and I can now type. 

 

Dennis is so easy going when we travel together.  We can go 200 miles and not say a word.  Then we each wake up and are amused to discover we have not driven off the road.

 

He likes to listen to the 60s channel and I get to learn a lot about 60s singers and groups.  I especially like how Dennis relates almost every some to whether he was in Vietnam or not.  I usually get that determination within 16 bars of each song. 

On this trip, I made it interesting by bring the guitar.  If you have ever tried to play guitar to the radio, you know that all songs are tuned a little differently when they get played back over the radio.  I have never understood why, because in theory every song should have been originally recorded at 440 cycles (for a standard C base note).  But when you have some live cuts or some studio recording that was not right on the 440 cycles or the masters and glass master were not spun at the perfect speed, each song comes out just a little different when played back.

 

Poor Dennis had to listen to me try and find each song's melody in order to attempt to determine the key and then attempt to find the chords.  All of which I suck at.  Then I would get lucky to have a song in tune with the guitar and I would get even luckier when it was chords I could play like E, A D, G, C, and F as well as some of their deriviatives.  (NO Bs ALLOWED).

 

Of course once all that luck was in place, either the song was now over or there was a key change.  Any way Dennis's patience is to be commended.

 

He should also be commended because when I was not making his ears bleed, I was taking calls from my lovely wife who had a few fires happening on the home front.  Now usually that would not be a band thing, but Dennis and I had found the Old Time Radio Channel.

 

We were listening to The Whistler, Fibber McGee and Molly, Johnny Dollar, Gunsmoke, to name a few.  It seemed like Devin would call at the 25th minute of each half hour, which coincided with the end of each show.  I honestly don't thin Dennis got to hear the end of any of those shows?  Sorry Buddy.

 

We made it up to Utah by 5:30 and by the time we unpacked, we were both tired.  We had a single malt and he headed to his humble abode and I unpacked a few of the boxes we brought up.  Then it was 6:00 AM this morning and we were on the road by 7:00 AM. 

 

So 19 hours, 4 calluses, a egg croissant sandwich, trail mix and 318 songs later, here I am saying good night to you.

 

We did interrupt our trip to listen to Bloomberg every few hundred miles, so let see what we missed.


Let's Check For Tickets

 

I listened to Cramer today and I listened to Chris Mathews yesterday (Wednesday).  They both were pulling no punches as to the ineptness of the The President and both houses of Congress.  Both guys mad some great points.

 

If you go back to this blog (The old one pre Constant Contact) circa October 2009, we insisted that the recovery will take place in earnest when employment recovers and the housing market recovers.  We have seen steady but slow improvements in employment data.  The housing market may have bottomed and is clawing its way back.

 

Add to that, the hint that China's doldrums was short lived and seems to be coming back.  You can also add improved sentiment in Germany and even a hint of positive sentiment in The UK, and there is hope for a chance at something interesting next year.

 

However the blockheads in DC seem determined to throw us back to late 2008 early 2009 or worse.  

 

I would love to do a straw poll and ask how many Senators have their return flight booked back home for the Holiday's already, knowing there is virtually no chance of reaching an agreement. 

 

They are demonstrating poor leadership and the fact that they do not understand how significant it will be to not have a somewhat meaningful solution before the new year.  Both parties are being really stupid.

 

But let's see what went on in the market. 

 

We got most of our calls correct this week and the market is moving sideways, reacting to every sound bite out of Washington.

 

Here is what happened in the Salve Lucrum account.  We were stopped out (a buy back) of the 170 dollar put we sold for GLD.  It was a 39% loss, but a calculated risk I would try again.  We were also stopped out of our AMZ long position with a 7.7% loss.

 

Our URI trade is looking nice with a 2.28% gain at the moment.  If we hit 42.50 tomorrow we will be out for the SpikeTrade or they will use the close for tomorrow as the closing price.  Either way we should have a respectable showing.    

 

Tonight I am doing some homework on VMED, QIHU, FLO and SBUX.

 

On of my daily e-mails (Alan Farley Street.com) hinted that VMED Virgin Media Inc., through its subsidiaries, provides entertainment and communications services in the United Kingdom, might be making a move worthy of a trade. I may have missed this as many of the support levels are at the 32-33 level and it has made its way to 34.51.  Longer term players should do the homework as this has 40.00 written all over it.

 

QIHU Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China is a competitor to Baidu.  This look real attractive at the current 24 and change.  It should cycle between its 50 day and 26 dollars.  Then look for anice breakout to 27 and above.  I am looking at this for my SpikeTrade next week.  I may actually enter tomorrow am.

 

FLO Flowers Foods, Inc. produces and markets bakery products in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery.  This company had a nice spike when the Hostess cup Cake Bankruptcy was announced.  It has consolidated a bit but look like another possible short term long bet.

 

Now the name being bantered about is SBUX.  Cramer is loving it. Farley is Loving it.  Recognia had 11 bullish indicators and 2 bearish indicators.  Starbucks was up almost 6% today.  Did we miss the boat?  That depends on your time line.  Volume was huge today and ot blew past the 50 and 200 day average.  Will it pull back?  Great question?  Longer term (12 months) target prices are up over 70 a share.  Do some homework about the UK Tax issue that might be meaningful, but get it on a watchlist.  It could be time to buy some Joe again.


 

Salve Lucrum

 

 

 

 

 

 

Brian Ireland
 
 
Since 11/25/2012
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.

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