When I re-read some of my weekday posts I cringe sometimes when I notice a missed word or words spelled incorrectly. I can not proofread during the day. I simply lack time. I am not a full time trader. (It would be nice to work for GS and trade full time, and make a very very nice living for myself.) My day job requires me to manage multiple people and manage multiple issues that can have a very real impact on the output of a multi-billion dollar product. Most of the time, on the weekdays, I write my thoughts or my trades, and publish.
I truly enjoy observing current events, understanding their effects and create a trading strategy around it. Trading is a means of monetizing that desire. (and I have worked very hard to become very good at it) I can not satiate this passion at my day job. This blog is a means to vent that passion.
So basically, I don't have time to care about proofreading while i am doing a 12hr day, trying to understand what is going on in the world, then trade on it. All while I am battling an unfriendly boss, and work-related time-consuming issues.
Alright, enough of me venting. Here is a trade I took on Friday, but did not have time to post about it. (if I did I would have re-read the other post and deleted it, but I will keep it up just because of the comment.)
COST is consolidated, sitting on its 50SMA and fundamentally impressive. I will unload when it gets over bought, but I do like it for the long-term.
A stock I have mentioned before and been trading is NLC. The chart justifies an initial position, but I am waiting for NLC to hit the 38 SMA. If this happens, I will enter a position.
Maybe I should have proofread my comment--it was pretty terse. All I meant to say was that, as written, I couldn't seem to make sense of that post. I read your stuff regularly and I can tell that sometimes it's hurried. Usually, I can get the message and that's all I really care about. That one time, I couldn't so I mentioned it. I'm sorry if it offended--that was not my intent.
ReplyDeleteDan
no worries dan, the explanation post was a long time coming. I always get called out on it from my brother, friends, seekingalpha (don't know if they still monitor my blog) and others via email or txt. I just never feel the need to explain myself, but that GS post really didn't convey what I wanted and I felt the need to explain. I just wanted to highlight that GS overpaid for the warrants, and the gov made the most from them. (and the conspiracy theorist against GS will probably never acknowledge that fact)
ReplyDeletei also didn't know the comment came from you. (with blogspot I can't tell who comments come from) I know your never looking to offend, ever since the JCOM message board days :)