BAGAKOAA;  January 28, 2013 What To Read Next  

Post 781

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January/2013

What To Read Next

 

Well I finished Dean Koontz "Odd Thomas" yesterday and could have kicked my behind that I did not figure out the ending. I'd say SPOLIER ALERT, but you folk seek any excuse not to read this blog so that is all I will say about the book, other than I can highly recommend it.

 

Now I am at a loss as to which book to start next. My buddy Douglas is pimping another Bernard Cornwell book set during the American Civil War

 

(about 22 US based readers just asked, "Were there others?") I am tempted to back to back another Koontz book in the Odd series.

 

I am actually in the mood for a good investing book. Though not a book as such, there is a research paper called Piotroski: High F-Score Screen put out by the graduate school of business at Stanford. Joseph Piotroski is an accounting professor who has developed a screen to isolate value stocks. This paper might be a fun read.

 

I know, I need a life.

 

It's A Small World

 

This morning, Man Child and I went to his oral surgeon for a follow up to his wisdom teethectomy. It went well until Dr. F. mentioned the fact that Jack had blogged about his procedure. Jack looked at me and I gulped. Trying very hard to remember what I had put in the blog about Dr. F, I admitted to being the prolific pundit of verbiage related to the post.

 

Dr. F. smiled and I recalled to him, the mention was positive and even flattering since I had mentioned that the moms probably found him attractive. (awkward moment). I left the visit flattered that one of you mentioned my blog to someone who has a child seeing Dr. F.

 

If Jack's visit had not gone well, and had I published something other than positive feedback, the challenges of my retirement would quickly be remedied after a disparagement litigation.

 

In reading 1356,  

 

I became very aware of how life was different in medieval time. I was amazed to find how barbaric cuisine was at the time. (Much like that sentence I just wrote. Help me coach, I just butched that one.) There were a couple of scenes from the book where the royals were being served fowl.

 

Now fowl back then was basically any bird they could catch. They would actually catch flocks of small birds like sparrows and finches and throw them into fires to burn of the feathers and then eat them like little candies.

 

They were also fond of eel and darn near any fish they could find, but those were luxury foods. Most peasants enjoyed gruel and porridge made from buckwheat, millet, and oats. While you would think that elk, deer, and big game abound, that was true if you were prince and had folk to hunt for you.

 

The average Joe or Scully was lucky to get some lamb or mutton or the remains of their field draught horse that was worked to death. Yes a different life indeed. Not a happy or long life.

 

Improving your life by spousal elimination was quite easy back then. You merely walked up to the local squire, prince, or king and say, "My lovely wife wants to know why your ears are so big and why you dress like a sissy." Then point to your hutch, and you were quite single by the next dawn.    

 

Yes different times indeed.

 

Gangster Prankster

 

Just got home from taking my son and son in law to Gangster Squad with Sean Penn and Josh Brolin. Great movie. Second good movie this week. It had just enough gratuitous violence to remind you this was about bad mobsters circa 1949. Though loosely (and I mean very loosely) historically based on Mickey Cohen's life,  

 

you are led to believe Cohen's girl friend ratted him out for murder and he was whacked in Alcatraz with a lead pipe.

 

His girlfriend actually was jailed for three years for not ratting him out. He was never brought up on murder charges, he did do time in Alcatraz for tax evasion, and was hit once with a lead pipe while in prison. He died in his sleep at home in 1976. In essence, this story was based upon a true story, there was a guy named Mickey Cohen.

 

Enough history, now its time for stocks and economics.

Turning The Heat Down

 

Pullback Would Lead To Better Entry

 

Possibly heading the fact that the market may have gotten a little overheated last week, a teeniest of tiniest corrections was warranted today.

 

Durable goods numbers should have sparked the market, but caution was the strategy. The VIX, (my nemesis last year) creeped up a bit also suggesting a wind of caution. A negative analyst read of the steel tea leaves might have been a bit of a downer today was well.

 

We did manage to stay above 1,500 in the S&P 500. The slight negative move today did not have a lot of volume behind it.

 

We executed this weeks Spiketrade.com. I will share he credit again with Jerene H. as Ishowed her how to screen for small and micro caps that are reporting this week. She did copious amounts of homework and found a nice little nugget in MPW.

 

Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, as well as working capital and other term loans to its tenants/borrowers.

 

Fundamentals looked great, the charts are sexy, so we got in this morning with limit orders at $13.50. We actually got in between 13.36 and 13.39. We have a tight stop at $12.75 and are looking for 14.80 as the swing trade target.

 

I also took some profit on some AAPL Puts we sold Friday. It was a quick 42% gain generating some quick cash. We are not confident enough to call this an AAPL bottom yet.


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

I am not a professional investment adviser. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. Except for a nasty VXX trade is 2012.   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 :

2013 Year Ending

Dow 14,361

S&P 500

1,610

 

2012 Year Ending

Dow 13,073

Actual 13,104

S&P 500 1,358

Actual 1,426

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hannas