BAGAKOAA; January 8, 2013 Planning And Hoping

Post 771

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January/2013

Hey that was a lot of fun I just take dictated about 14 paragraphs of some really amazing entertaining fun stuff only to have it erased whenI tried to paste it into my Word document.

 

Before I get started, a few of you were asking if I really had surgery.  Dear Lord people, do you think people dress like this to make a fashion statement.

 

Last night I stayed up till about 12:15 playing in certain portfolios, checking out some stocks people have asked me to kick the tires on, and reading an article in American Scientific about string theory.

 

I only mention that last article to make myself sound a heck of a lot more intelligent than I truly am. I have to admit that reading the article while on Lortab made a lot more sense than it usually does when I read articles about quantum mechanics and quantum physics.

 

I was awoken this morning by the sound of my wonderful wife asking me if I wanted to tag along with her on some of her various errands.

 

My initial drug induced reaction was "NO!"

 

As I lay there knowing that I could not drive a car today because I am still on class two narcotics, and that I really can't do much without the use of my right hand, that I would be stranded in my home trying to figure out how to apply creamy Philadelphia cream cheese to a probably overcooked bagel, I decided what the heck, yeah I would tag along with Devin on her various rounds.

 

Devin had a couple of doctor appointments today and out of respect for her privacy I will not tell you what they were for.  Quite honestly they weren't all that important. The usual blockage of blood to the brain and possible growths on glands.

 

Both doctors called Devin a young healthy skinny (ok one said skinny and one said thin) woman.  The one doctor went on to say that she would probably live to 100 or more. I responded immediately with the words, "Oh great!" The doctor looked at me and said, "Don't worry, you will not be around."

 

After that proclamation, we made our way to Bruegger's bagels.

 

Devin and I enjoyed our bagels and some coffee while we filled out copious paperwork for a recent real estate investment involving a unit that we will be renting out sometime very soon.  (2/2 clean cottage type condo in RSM.  Ask for the Salve Lucrum special price package.  Gosh Mike, I have to do everything!)

 

It is amazing how many pieces of paper you have to fill out to buy a home now. After completing said paperwork and having a couple of pages notarized, we then gave the package to our realtor who then shared with us four reams of paperwork which was described as the CC&R's.

 

If you have not had the pleasure, CC&Rs arethere the rules and regulations by which you have to live your life within a community.

 

In the state of California the details of CCR's have reached unimaginable depths. They include how much toilet paper you can put in your toilet. I don't know who polices that, but it seems like they have a fine job. It also controls how late you can have your lights on, how many people can be in the parking area, where you park your car, where you wash your car, and how provocative you can get with you bikini wax.   It's truly amazing the level of detail in CC&Rs.

 

After visiting the horses and getting our paperwork done we returned home in time for me to close out the market.

 

As I mentioned I did not have a plan for today but I really thought that with Devin having the errands that she had to run, that I would sleep in a little bit, open up the market, and continue working on certain investment strategies for the various portfolios that I had the pleasure of working with.

 

I am currently enjoying working with one of our readers as they develop their skills in trading and investing.

 

I have sent this individual some homework and I was quite pleased today after the close of the market to spend some time on the phone with her and was truly impressed with how much she had learned and executed in just the two or three days she has been playing around in certain areas of the Schwab website.


 Got one right

 

Last Friday or was it Monday, I told you about a trade we're executing involving MON Monsanto.

 

We knew MON was reporting earnings today before the opening of the market in doing our homework we had a feeling that all indicators show that Monsanto should beat analyst estimates.

 

Historically speaking when Monsanto beats their estimate we normally see and 8 to 9% increase in the stock in the 15 to 30 days following their earnings report.

 

As such, we suggested a short-term trade on MON getting in at 94-ish and looking for a plump up to $102 a share. Well Monsanto did beat their earnings this morning and up significantly to the $99 level. This is quite short of the 102 but definitely headed in the right direction.

 

If you ever wanted to see a classic chart of all the stars aligning in the right direction, I suggest you look up a six-month daily chart for MON. You will see in an MACD crossover to the positive side approximately 34 days ago and you'll see the RSI and Momentum indicators kicking up. That's a good tell that the big-money folks have an idea there was a beat in the wind and that Monsanto should have a positive quarter.

 

Typically the only thing that could really screw that up would be some offhanded comments by the CEO warning of future earnings challenges. We did not have any of that. Comments were very positively and we adjusted all of our position stops to 96.50 in order to protect the brief but significant gain we saw today.

 

Beyond that, the market started off soft, and never got on track.  I am guessing that the Democratic back peddling for another 1.1 Trillion in additional taxes has a few big money casino managers a bit skiddish. 

 

From where I am sitting, (remember I am stoned on class 2 narcotics) price trending and fundamentals will trump the fact that politicians lied to us again.  Green Flag is flying but fluttering a bit.

 

Salve Lucrum
Brian Ireland
 
 
Since 12/31/2012
G to Y 12/27/2012
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.

Brian's estimate :

2012 Year Ending

Dow 13,073

Actual 13,104

S&P 500 1,358

Actual 1,426

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hannas