I trade a virtual $1,000,000 portfolio on updown.com.
I am down, way down right now, over 30%. That said, I could be way up if we have a market correction. Either way, please don't use my "fake" portfolio as a trading guide.
I just want you to understand, that I use that "fake" account to try out strategies I might implement through put options in my own personal "real" portfolio.
It is in no way intended as a blueprint for what I think you should do.
What I do is basically short a bunch of stocks I believe to be overvalued at any given point in time. When the market is up, my fake portfolio tends to be down, way down.
Anyway, don't use it for investment advice...it is just my short experiment. The stocks I play with in it are either way overvalued (in my humble opinion) or they are double or triple short ETF's that I buy in particular sectors.
Anyway, my point is...I am going to keep the link for informational purposes, but please, don't use it to trade!
Saturday, March 19, 2011
U.S., Britain, & France Launch Lybian Operation
I can't believe the U.S. is getting involved in Libya.
Is the U.N. now driving American foreign policy?
This is the same administration which slammed Bush for going into Iraq. Oh, no, Saddam never slaughtered his own people.
But, I guess if the U.N. is OK with the operation, that makes it a good idea.
We are sending our men into a civil war.
This makes no sense to me at all.
Obama has been almost silent on the issue except to say Qaddafi must go. Why him? Why not Saddam Hussein? Why not Yemen's leader, or Bahrain's for that matter? Aren't they killing their own people in the streets?
Are we even clear about who we are supporting?
Obama says we cannot stand by and watch the slaughter of the Lybian people.
What about Rwanda?
Do Americans even support this? Was congress consulted?
Oh, I guess the "international community" and the U.N. are more important, and if they say its OK, well, hell, let's do it!
Unbelievable.
Is the U.N. now driving American foreign policy?
This is the same administration which slammed Bush for going into Iraq. Oh, no, Saddam never slaughtered his own people.
But, I guess if the U.N. is OK with the operation, that makes it a good idea.
We are sending our men into a civil war.
This makes no sense to me at all.
Obama has been almost silent on the issue except to say Qaddafi must go. Why him? Why not Saddam Hussein? Why not Yemen's leader, or Bahrain's for that matter? Aren't they killing their own people in the streets?
Are we even clear about who we are supporting?
Obama says we cannot stand by and watch the slaughter of the Lybian people.
What about Rwanda?
Do Americans even support this? Was congress consulted?
Oh, I guess the "international community" and the U.N. are more important, and if they say its OK, well, hell, let's do it!
Unbelievable.
Wednesday, March 16, 2011
GMCR
OK, in the short run I was wrong. Once again, I underestimated the craziness of speculators and the ability of markets to stay irrational for long periods of time.
http://www.rttnews.com/ArticleView.aspx?Id=1573163
However, this brings their PE to 78.1. Yeah, I am sure that is sustainable.
I am buying more puts, just with expiration's further out.
http://www.rttnews.com/ArticleView.aspx?Id=1573163
However, this brings their PE to 78.1. Yeah, I am sure that is sustainable.
I am buying more puts, just with expiration's further out.
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