Yeah it was a great day.  I got to read Barron's, WSJ, and IBD for almost an hour this morning before my buddies from the club started to arrive.  My first pleasure was Mr. Russ C., who has been a bit under the weather lately and living on a strict tasteless diet.

He said he has living vicariously reading my blog about the meals I have been having.  (Sorry dude, tonight it was a quick pick up from San G's.  Nothing to write home to mom about.) 

Then Mr. T arrived and soon followed by Mike M.  As usual we solved many of the world problems before ordering a relatively healthy breakfast and washing down with plenty of almost hot coffee.  It was good to see the guys, though one was absent.  (Where were you Moe?)

Then we had just enough time to get home and go back to the beautiful neighborhood of Coto de Caza to look at a home.  Due to some issues with our horse trainer, Devin is entertaining the idea of having a piece of property where we can keep our clan of horses.

Today we looked a fabulous home.  Ironically it is right across the street from a home my father used to own circa 1985-88.  It is an interesting world we live in.  I will keep you informed of our search for the horse property.

It was lunch time when we completed the 90 minute tour of the house.  We went over to Hanna's and it was good to be back home again.  (At Hanna's).  Don't get excited Russ all I had was light salad.

I went home after lunch and started working on my Spiketrade for next week and did some computer maintenance and updates.  It is weird that every time I have an hour of uninterrupted time in front of the computer, Apple and Adobe know to send my program updates.  What's up with that?

I also cleaned up about 412 emails.  I even got some from my readers.  Mike A. at breakfast, and two other folks said I lost them with the White Christmas confusion as they correctly pointed out that White Christmas would have been released a very popular after WWII, so the soldiers would have know the words to White Christmas.  I stand corrected.

Today I also tried to download Adobe Elements to my Mac.  It was a quick sucking of 99 dollars from my American Express and then I got the download promptly.  Do you think I could open that file?  Hell no.  I could just see Mr. Adobe sitting there in his plush office (I used to have one of those) and laughing at me as I tried to download it 4 times with no success.

All I wanted to do was find a few pictures worth cleaning up and printing for my lovely wife.  I kept getting this "Open in Win32" error because the file I downloaded was a PC file despite it saying it was the Mac version. 

Anyway I did find a few files that made me chuckle.  For example:

Ok why would you take a picture of a memory disc?  Now those are my lovely wife's dainty pretty hands holding that disc.  I am truly afraid to ask.  If I had to guess it was so she could remember what kind of disc to buy at the store, or worse, it was a picture she sent to me so I would know what kind of disc.

Earlier this year I had the profound pleasure of traveling to Capetown Sud Africa with my buddy Douglas and PADI's Regional Manager Peter D.  (occasional reader).  Here they ponder where the Atlantic stops and the Indian Ocean begins. 

Here you can see the wine maker from DeToren in Stellenbosch showing me how do drink an entire barrel of red wine.  As you can see from my gut, I had a fighting chance.

This was from a 2004 Fishing trip with The Fishwhisperer's.  If you look close, Dana has hooked into a 3 ton Blue Whale.  That was quite amazinfg considering we were fishing on Yellowstone Lake.

That is just Devin with some loser.  Look close as it was at a Romney event earlier this year.  

After reading Barron's, IBD, and WSJ today, It is clear that the market is relieved we will get QE Infinity (as we mentioned earlier in the week) and that there seems to be less pressure to get a deal done by the end of the year.

Yes all the big ugly scary things that can go wrong in the world can go wrong and we will all fall off the fiscal cliff.  No one seems to care. 

This is how I figure it.  About 28 years ago, I had a guy selling for me and his name was Greg H.  He was wound a little tight to say the least.  He was the first person I had ever met that I would classify as OCD and I did not know what that was at the time.

I pride myself with teaching him how to sell (though I had some help from two other guys in my office, one is a reader today), but he was always worried about the next thing that could go wrong.

One day he had a sizable quote that we had helped him put together, but he had to get on the phone and sell it and ask for the order.  He was worried silly about making the pitch. 

I eventually asked what is the worst thing that could happen?  He thought about it a minute and said, "I could lose the order."  To which I said, "No".  And he said, "I could loose the account." I said, "No".  He said, "I could loose my job?"  I said, "No.".  Then he looked at me and asked, "Ok, what is the worst thing that could happen?"

I pointed to the East at McCarron Airport (our office was in Las Vegas) just as a big old wide body jet was taking off.  As Greg looked at the beast slowly beginning his climb off the tarmac, I said, "That pilot could have a stroke veer right and crash into the lobby of our building."  After that he was not quite as concerned about the quote he was about to deliver.

Greg spent the rest of his career  nervously watching every plane that took off from McCarron from that day forward.

I guess my point is that most of the folk have accepted the fact that we will not have a deal by years end because like in California, they can make any deal they reach RETRO ACTIVE.)

Gee, No GM and I mean No GM

We were never able to get our Spiketrade to execute last week.  We missed our entry point for the short sales of PIR Pier One.  We were looking to get in at 20.25 and ride it down to 18.25.  So no trade.  Just was well because the stock mozied around 19.25-19.75 all week. 

This week, again we will go against the market with another short attempt.  One of my sources (Street.com Option Trader) described some paper hanging to the downside.  (Trade speak for a fund or funds that were selling short or buying PUTs, a bearish call.)

Technicals and fundamentals are indicating the bulls that drove this up 24% this year might be getting tired. 

There is also a good chance the government might dump some of it's 24% stake in the company as early as next week as Uncle Ben looks to generate more cash for QE Infinity.

Here is our play for the Salve Lucrum Portfolio and the Spiketrade.com pick of the week.

We are selling GM short from $24.25.  We immediately entered (In the Schwab Account) a Protective Stop Buy order at $25.45.  Our target is 22.65 by the end of the week.  That would be a 7.6% gain if we nail it right.

Yes The Got Me

You may have heard the radio commercial about this Secret Key #4 which will unlock the secrets of trading and making millions of dollars.  Well I got sucked in today and watched the 37 minute video only to find out it was Stansberry & Associates flogging a product I already have.  It is Jeff Clark's S&A Short Trader Newsletter.

I really don't like being tricked like that.  Jeff is good, but he is not that good.   

Hopefully we will give you our view of the week tomorrow.  

Since 11/25/2012

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

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S&P 500 1,358

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