
Apr122012
Apr112012
What a great song.
There are probably more college history and sociology courses centered around the tumultuous tale of the 20th century that is told in that song than any other musical composition ever, with the possible exception of American Pie.
For my money though, the Buddy Holly and Elvis Presley stand-off is a metaphor for East versus West tension and nuclear stockpiles build-up.
Or maybe it’s just about some coming of age kind of thing, I don’t know, but naming a movie series after the song has cheapened us all. Why didn’t they just call it “Twinkies?” That would have made so much more sense.
As I re-discover the lyrics, I realize that I’ve actually used many of the subjects in passing, through various blog entries, as everything in the past has a degree of connection to the present, if you have a syphilitic riddled mind.
Their have been cover versions, remakes and satirical versions of the classical song and its driving musical beat. For those that lived through much of the historical period covered it’s an incredibly moving song making you want even more and sometimes wondering how anyone ever survived the cumulative “us.”
It was done despite “us.”
But, with all due respect to Billy Joel (which is never a respectful way to begin a sentence), those that marched with Chou En-Lai and perhaps banged their shoes with Kruschev. the world’s political and cultural events of the 20th century have nothing on even a single week in the financial markets.
In hindight, as quickly as the seminal events of the 20th century may have unfolded, they were at a snail’s pace compared to the events and non-events that shake, rattle and roll the markets.
In that small section of the universe change comes about in quantum leaps forward and backward.
In a somewhat contradictory stance, despite the reliance on charts and the inferences drawn based upon past history, in the world of financial news, past history is meaningless. Further, in the compressed time frame of the markets, ancient past history is defined simply by the release of any new piece of information or data. Good news is quickly forgotten, as is great news. Bad news? As if it never existed if something else exists.
Market Alzheimer’s Disease? Perhaps.
My brother-in-law is a wonderful soul. Sugar Momma is his guardian, as he is approaching his 65th birthday and basically functions as a 4 or 5 years old. The one ability he does have is to devour and remember the news. I’m still convinced, sitting next to him nearly 30 years ago watching the news unfold from the Soviet Union upon the sudden death of new Premier Andropov, that he muttered “Chernenko” under his breath, two full days before the CIA had even heard of Konstantin Chernenko.
Anyway, if you give verbally him a choice of items, he will always select the last one. Give him the same choices, but in a different order and its still always the last one.
Just like the markets.
The only difference being that my brother-in-law is always happy, regardless of his choices and how events unfold. I don’t think that he ever thinks in terms of future events, but I’ve come to realize that the old adage that “the market discounts the coming six months” is entirely inconsistent with the way it behaves on a daily basis.
Whereas mankind has essentially always marched forward, with a slight detour during the “Dark Ages” the markets know no such manifest destiny.
Whatever “volatility” the world has known, it can learn a little something about the definition of that word by simply taking a cue from the markets.
What is really great is that the markets will move on macro-economic news, just as it does on the micro level. Add to that rumor, sector news, natural phenomena and scandal and you’ve got the necessary guts for a great soap opera with unpredictable twists and turns.
Billy Joel had Marilyn Monroe and Joe DiMaggio?
The market had Angelo Mozilo and Kozlowski of Tyco.
Hula hoops and Belgians in the Congo?
We’ve had Crocs and Chinese in the Congo.
Roy Cohn, Dominique Strauss Kahn, Panmunjon and Rajaratnam.
It goes on and on and on.
Not so for the 20th century and someday the same will be said for the 21st century, but the markets are the gift that will always keep giving, if you’re the kind that enjoys the unpredictable.
Through noon today we were at a 100 point gain fresh of yesterday’s 200 point loss. The great thing about both of these is that there really wasn’t any meaningful news. Calling today “a dead cat bounce” as at least two already have on air is curious, as the cat carcass isn’t even cold yet. It may not even be a carcass, at all.
Sure, Monday we had the pent up need to sell after Fridays, Good Friday release of employment statistics, but that bit of bad news is now in some deep recess and even more irrelevant than Syngman Rhee, although not as emminently rhymable.
In the absence of making trades, looking for rhyming opportunites keeps me occupied, but not fed.
This week has probably been the slowest trading one that I’ve had since 2008. I made a simpel tarde selling JP Morgan calls expiring this Friday. But knowing that earnings are to be released before the market open on Friday, instead of selling the $44 near the money call, I went for the $46.
I just wanted some action and some premium income.
As Billy Joel may be able to remind you, that was precisely the same defense used by Charles Starkweather.
I wonder how that worked out for him?
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Transaction Performance
Recent Trades | Security | Type | Action | Type | April 11, 2012 | GMCR | Call | STO | Weekly |
April 11, 2012 | JPM | Call | STO | Weekly |
April 9, 2012 | VXX | Call | STO | Weekly |
April 7, 2012 | FCX | Call | Expired | Crumbs |
April 7, 2012 | VXX | Call | Expired | Crumbs |
April 7, 2012 | GMCR | Call | Expired | Crumbs |
April 7, 2012 | BP | Call | Expired | Weekly |
April 7, 2012 | CHK | Call | Expired | Weekly |
April 7, 2012 | JPM | Call | Expired | Weekly |
April 7, 2012 | XLE | Call | Expired | Weekly |
April 7, 2012 | MS | Call | Expired | Weekly |
April 5, 2012 | FCX | Call | STO | Crumbs |
April 4, 2012 | GMCR | Call | STO | Crumbs |
April 4, 2012 | VXX | Call | STO | Crumbs |
April 3, 2012 | VXX | Call | STO | Weekly |
April 2, 2012 | GRPN | Put | STO | Monthly |
April 2, 2012 | CHK | Call | STO | Weekly |
April 2, 2012 | XLE | Call | STO | Weekly |
April 2, 2012 | MS | Call | STO | Weekly |
April 2, 2012 | MS | Stock | Buy | |
Apr102012
I’ve always liked the disclosure that begins with the words “it is not within the scope…”
Disclaimer, disclosure. It’s all the same, isn’t it?
Disclosure is a nice way of of saying that idiots need not apply and should have their hands held elsewhere if they need help pulling up their big boy pants.
Disclaimer is what you do when you know that despite your disclosure, people will still follow their blind prejudices, knowing that they can always blame someone else for their mistakes.
So let me disclose that it is not within the scope of this blog to create awareness of higher levels of being or finance. It is only meant to entertain me and keep me away from the neighbors.
I do very little on Facebook (or life, in general), having joined at the same time as I started this blog and started Tweeting. All were done with a singular purpose and objective in mind, which was to sell books.
I do belong to one membership site, which is comprised of past students at the small elementary school that I had attended. It happened to be a Yeshivah, which if you’re unaware, is the Jewish version of a parochial school.
Jews, as you may be aware, through personal experience, or through your redneck stereotypes, can be an argumentative group.
It’s alright for me to say “My Hebrew” in mixed company and “My Heeber” when outsiders aren’t around, but it’s not permitted for you to do the same.
Anyway, recently, there has been someone trying to prosletyze on the site, as he has become a member of a Messianic group.
God bless him, but Jews don’t prosletyze and they aren’t enamoured with post-death baptisms, either. Essentially, Jews believe that it is not within the scope of their religion to force others to believe as they do. In fact, Jews further believe that you cannot be a good Jew unless you accept and respect the rights of others to believe as they desire.
You don’t like Groupon? Fine, no problem. Go on with your life and prosper, despite the fact that you continue to buy the offers. No inherent conflict.
One member of the group, who has actually raised her own children as Catholics, but by no means is pushing anyone to change sides, recently said that from her perspective the only difference between Catholic and Jewish versions of God was their positions on relationship of Jesus to God.
If that were the case, Judaism should just simply be classified as a non-trinitarian sect of Christianity and possibly adhere to the concept of necro-baptism.
Having graduated from a Jesuit college, and for some bizarre reason with a Theology/Philosophy double major in addition to the job giving Biology, I thought that her view was fairly simplistic. All of those hours studying the New Dutch Catechism didn’t go wasted on me.
But she was certainly not hurting anyone with her opinion nor the way she was leading her life.
Some, though, took great umbrage, both on religious and cultural grounds, as well as believing that the site’s purpose, which was to recount memories, was an inappropriate place to discuss faith.
I actually spent a good part of yesterday evening reading about the pre-Protestant Reformation. Fascinating what people will do to one another in the name of God’s grace.
But here we are, in the midst of two major Holidays, Easter and Passover, respectively celebrating the Risen Christ and the Unrisen Crust, neither of which can be proven through scientific methodology.
Thank God we have the science of Economic Theory.
But I think John Maynard Keynes had it all wrong, just as it may be that the major faiths of the world have it all wrong. To the best of my knowledge, however, Keynes killed no one, except for perhaps human dignity, which conveniently enough would be further quashed by government intervention.
What’s needed is something that speaks to pragmatic existence and self-reliance, just like the Seven Principles of Kwanzaa.
Those principles are sound enough that there’s no need for an Easter/Passover equivalent holiday.
Whereas Keynes believed that the private sector was inefficient and often required government intervention, I think that a Kwanzaaian approach to macroeconomics would be a useful place to begin re-thinking our relationship to things larger than any of us.
Especially the economy and the stock market.
Now, it certainly isn’t within the scope of this blog to recount those seven principles, but I doubt that anyone would click on a link, if I had provided one, although this particular link is a video of Rakesh Agrawal in the nude at a local nursery school, reciting those principles.
Disclaimer: It is not within the scope of this blog to accurately depict anything. Only an idiot would believe the preceding paragraph, but you don’t have to be an idiot to wonder how someone becomes an expert on anything.
A Kwanzaaian approach to investing would begin with reliance upon one’s own instincts and not seek to blame others.
I always find it fascinating when people believe that their investments are ruined by a journalist’s comments or delivery of news regarding questionable accounting practices. It’s very easy to blame Herb Greenberg, for example, but he’s not the one who used unorthodox accounting practices.
It’s also very easy to blame Agrawal for Groupon’s descent, but if you believe such, then your have company in your delusion of his importance, and it’s not very good company.
The difference though, is that Herb Greenberg is objective anbd methodical in his analyses.
Drawing upon that so successful Twitter transcript from “Full Disclosure,” consider this:
Agrawal: I’m going to take a break from $GRPN coverage to write about that. (Facebook purchase of Instagram)
TheAcsMan: Coverage? Are you a journalist? An analyst? RT @rakeshlobster I’m going to take a break from $GRPN coverage to write about that.
Agrawal: analyst
Agrawal: but realistically a mix of both. i analyze more than journalists and i journalize more than analysts.
TheAcsMan: Intersection of Loss & Words MT @rakeshlobster realistically a mix of both. i analyze more than journalists & journalize more than analysts
Agrawal: traditional objectivity ends up serving no one.
TheAcsMan: YIKES!!! RT @rakeshlobster traditional objectivity ends up serving no one.
TheAcsMan: Objectivity is tool to serve all through equal application of standards RT @rakeshlobster traditional objectivity ends up serving no one.
Agrawal: unforutnately, too often these days, objectivity = ignorance
TheAcsMan: Please allow me to repeat earlier comment. YIKES !!! RT @rakeshlobster unforutnately, too often these days, objectivity = ignorance
Agrawal: having someone who is ignorant quote two people on opposite sides with vested interests is stupid.
TheAcsMan: Unless objectivity = ignorance supposition is wrong MT @rakeshlobster someone ignorant quoting opposite sides w/vested interests is stupid
Agrawal: There’s also fake balance — e.g. birthers.
Huh?
Now, hours later:
Agrawal: People say they want positive stuff like this: http://bit.ly/HBHQfP but Groupon stuff like this: http://bit.ly/IaCOZC gets 3x the traffic
TheAcsMan: “Does it Pay to be Mean?” Yes. Yes it does http://j.mp/HtiLjK MT @rakeshlobster but Groupon stuff like this…..gets 3x the traffic
Agrawal: that is a really dickish interpretation of my tweet
TheAcsMan: Not at all. Same message. Negative tone gets more attention. RT @rakeshlobster that is a really dickish interpretation of my tweet
TheAcsMan: The point, with which I agreed, is (perhaps sadly) a negative tone often gets more interest. Human nature is hard to re-wire
Agrawal: I write based on what I find interesting. Not a commercial endeavor.
And today came disclosure of a long position in American Express, but at least there’s finally disclosure, because it’s clear that there’s no objectivity as Agrawal “journalizes.”
I just realized that I can completely ignore all Kwanzaaian principles. Rather than take responsibility for writing blog entries, I can simply provide a transcript service.
Now to be totally fair, I did seek to unload my personal “journalizing” responsibility by asking any Twitter follower to do my research for me, by making the following request:
TheAcsMan: Seriously. 140 spaces or less,: Can anyone point to source of @rakeshlobster credibility/expertise? “Full Disclosure” http://j.mp/In22n1
There were no takers. I should have offered a coffee mug as a prize.
But to my credit, I re-affirmed aq belief in a Kwanzaaian approach to life and re-accepted my own responsibility:
TheAcsman: So I see the strategy. Write incessantly about single topic $GRPN & beat dead horse. I may use same strategy & focus on @rakeshlobster
And I certainly didn’t extend a hand of peace by suggesting:
TheAcsMan: Since everyone knows $GRPN is its own worst enemy, is there really a need for @rakeshlobster? Let’s put job re-training dollars to work
And that’s when I realized, that to criticize Keynes for killing human dignity is hypocritical when my own dignity is lowered by spending time addressing the dual sins of grandeur and delusion.
Instead, take charge and restore dignity by managing that which you can and afford all the right to laugh at those that need disclaimers.
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Check out Recent PortfolioTransactions and
Transaction Performance
Recent Trades | Security | Type | Action | Type | April 9, 2012 | VXX | Call | STO | Weekly |
April 7, 2012 | FCX | Call | Expired | Crumbs |
April 7, 2012 | VXX | Call | Expired | Crumbs |
April 7, 2012 | GMCR | Call | Expired | Crumbs |
April 7, 2012 | BP | Call | Expired | Weekly |
April 7, 2012 | CHK | Call | Expired | Weekly |
April 7, 2012 | JPM | Call | Expired | Weekly |
April 7, 2012 | XLE | Call | Expired | Weekly |
April 7, 2012 | MS | Call | Expired | Weekly |
April 5, 2012 | FCX | Call | STO | Crumbs |
April 4, 2012 | GMCR | Call | STO | Crumbs |
April 4, 2012 | VXX | Call | STO | Crumbs |
April 3, 2012 | VXX | Call | STO | Weekly |
April 2, 2012 | GRPN | Put | STO | Monthly |
April 2, 2012 | CHK | Call | STO | Weekly |
April 2, 2012 | XLE | Call | STO | Weekly |
April 2, 2012 | MS | Call | STO | Weekly |
April 2, 2012 | MS | Stock | Buy | |
Apr92012
When I was growing up, Arlo Guthrie was a rebel.
In an era when songs were neatly packaged for radio play and rarely even approached 4 minutes in length, his “Alice’s Restaurant” was a beautiful gift for those disk jockeys with Irritable Bowel Syndrome. Prior to that, the first 4+ minute song to regularly receive airplay was “Ode to Billy Joe” in the summer of 1967.
Arlo Guthrie wasn’t an accidental rebel. It was in his genes.
His father, Woody Guthrie blazed the trail.
Fascinatingly, despite the off beaten path of his ne-er do well life, Woody Guthrie is best remembered for his stirring songs, such as “This Land is Your Land,” that sing the praises of America’s natural beauty, as well as our own rights as a free people..
But he left behind another legacy.
That was for the passage of the genes necessary for that horribly generative neurological disease, Huntington’s Disease, a disease which makes itself known during early adulthood and then eats away at the core of those so cruelly afflicted, until they just wither away to nothingness upon expiration
Huntington’s Disease itself is at the core of a great ethical issue and internal personal conflict, as the presence of the gene combination necessary for it to manifest itself as the disease in future years can easily be known long before signs and symptoms appear.
The question facing the heirs of Woody Guthrie is whether they want to know their fate, especially since there is no treatment and certainly no cure.
How do you live your life knowing with absolute certainty that you will begin a horrible descent? How do you look your own children in the eye knowing that you may have very well passed the same fate onto them?
The dilemma is further heightened when you consider the possibility that the health insurance companies that may pay for the diagnostic testing may conceivably then become the very same companies to deny care on the basis of the insured having a “pre-exisiting condition.”
We were never meant to know the unknown.
Yet, here we were waiting for the market to open on Monday morning with great certainty that a plunge was our immediate destiny.
How we knew that was to be our fate this morning was because of the disappointing jobs numbers released on Friday. The very same Friday that our markets were closed in reverence to Good Friday.
The brief futures market that day was the equivalent of genetic testing. It foretold of the sell-off that was to come and that was to be kept pent up over the weekend.
But there was absolutely nothing that anyone could do.
The die was cast.
As mentioned in this past “Weekend Update” I had no cash to use for this coming week.
Not only did I know that there was some form of horror awaiting, but it was akin to not even having any palliative medication to lessen the blow.
It’s bad enough when there’s no cure, but compind that with not even being able to take an aspirinb and then you’ve got some real tragedy to rhapsodize about.
For the past two weeks the only trade that’s been working for me has been to sell weekly calls in the Barclays Volatility Index ETN and then either buy it back or let its value wither away to nothingness upon expiration.
I did so again this morning, as the VXX rose about 5%. Unfortunatreky, I was nimble enough to only do so on 50% of the shares.
Then the waiting game began.
I tried to buy back some ProShares UltraShort Silver ETF puts so that I could put the freed up money to work elsewhere, as there were so many bargains that seemed to be at hand, yet were so out of reach. I would still love the opportunity to pick up some combination of shares in Caterpillar, Goldman Scahs or Freeport McMoRan and perhaps sell puts in Focus Media and Riverbed Technology.I’ve also added Sallie Mae to my wish list of purchases, as it nears $15.
And like yesterday’s re-watching of “Titanic.” I just watched some of my portfolio shares seem to slowly fade and then die, all along knowing precisely what their fate was going to be and without enough hedges to safely take care of all aboard.
Imagine the agony of the Captain of the Titanic. knowing what the fate of his ship was going to be, but helpless to do anything about it.
Maybe if the Captain had a pair of 3D glasses he would have been better able to see the iceberg that awaited the hull of the unsinkable cruise liner and would have been a better position to react in a timely fashion.
Right now, those 3D glasses aren’t really providing me with any help or relief as all I’m watching is a sea of red, that is no less disturbing and is without any clear way out..
Although I never have the feeling that I’d built an unsinkable portfolio, at least I try to have enough lifeboats and preservers to help weather the predictable obstacles..
But that’s not the case this morning, as most of my holdings fall into the “weekly option” variety and aren’t safe from the morning’s foretold decline.
There may be some sort of “women and children first” rule, but I don’t know what it would be. Do you preferentially protect your gains or do you protect those that may be poised for out-sized losses when the wave comes?
I suppose that today’s market is a much better situation than faced by some of Woody Guthrie’s heirs.
At the very least, we know precisley when today would occur.
Not suprisingly, it occured today, the first day of trading after the disappointing news.
We also know that it’s unlikley that there will ever be a fall to zero. The trajectory, nor direction may not be known, but even if its downward, there will be good days interspersed with the bad.
The funny, yet wholly predictable thing is that if the direction turns out to be upward, then there will be bad days interspersed with the good.
Today, Instead of the slow and inevitable decline it was sudden and yet, without much in the way of negativity, as we are getting closer and closer to 2011. The past 10 trading days have seen some re-awakening of volatility as the market is looking for a new and safe level from which to re-strategize.
With advances in medical technology, including gene therapy, there’s never a need to give up hope and stop that re-strategizing and human need to plan for the future.
You just have to survive long enough to see the Promised Land and get on the other side of that “No Trespassing” sign.
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Check out Recent PortfolioTransactions and
Transaction Performance
Recent Trades | Security | Type | Action | Type | April 9, 2012 | VXX | Call | STO | Weekly |
April 7, 2012 | FCX | Call | Expired | Crumbs |
April 7, 2012 | VXX | Call | Expired | Crumbs |
April 7, 2012 | GMCR | Call | Expired | Crumbs |
April 7, 2012 | BP | Call | Expired | Weekly |
April 7, 2012 | CHK | Call | Expired | Weekly |
April 7, 2012 | JPM | Call | Expired | Weekly |
April 7, 2012 | XLE | Call | Expired | Weekly |
April 7, 2012 | MS | Call | Expired | Weekly |
April 5, 2012 | FCX | Call | STO | Crumbs |
April 4, 2012 | GMCR | Call | STO | Crumbs |
April 4, 2012 | VXX | Call | STO | Crumbs |
April 3, 2012 | VXX | Call | STO | Weekly |
April 2, 2012 | GRPN | Put | STO | Monthly |
April 2, 2012 | CHK | Call | STO | Weekly |
April 2, 2012 | XLE | Call | STO | Weekly |
April 2, 2012 | MS | Call | STO | Weekly |
April 2, 2012 | MS | Stock | Buy | |
Apr62012
What an oddly serene, yet uncomfortable week coming up.
Here we were, on Good Friday, on the precipice of another year in which lunar coincidence allows Passover and Easter to coincide.
For many, serenity comes from family time, celebration and sometimes the re-inforcement of faith, culture and heritage.
In honor of the holiness of Good Friday, even capitalists will put away their arms and take the day off from their all consuming efforts. After all, the Prince of Peace wasn’t exactly a fan of the 1%, so what better way to honor the message of peace than to take a day off from advancing your personal caches of wealth?
I may not recall much from my college Theology class days, but I’m fairly certain that among the things that was not discussed at that Last Supper Seder was hedging strategies for the coming week.
Even those Jewish people without much in the way of belief will retell the story of the Exodus from Egypt in whatever metaphors are appropriate for their own friends and family. Again, hedging strategies are not likely to play a role in the re-telling of the story.
But still, what a perfect day to release the employment numbers.
Our currency may say “In God We Trust,” but report releases rest for no deity.
The disappointment of having added only 120,000 non-farm payroll jobs had the abbreviated futures trading people heading for the exits. Yet, there was really no way for most of us to do anything in response to protect ourselves for what seems likely to come on Monday.
How odd to have a fairly clear vision of what is likely to happen in the markets a full three days in the future. Although, in that same time span, how many would have predicted a Resurrection?
For me, equally odd is the fact that I had absolutely no call contracts assigned, nor did I have any sold put contracts expire, nor be assigned.
In an example of bad timing, on Wednesday evening, I thought about buying back the put options I had sold on Kohls and some ProShares UltraShort Silver, as they still had two weeks until expiration and were well out of the money.
Since I expected that I’d otherwise have little or no cash forthcoming, closing out those contracts would have freed up substantial sums.
But both Kohls and the ProShares took big hits during the Thursday session and I had no compelling reason to cut those profits by closing out the positions.
What that means is that other than what meager cash I had in the portfolio account, there’s no influx coming that will need to be re-invested.
That’s too bad, considering that Monday morning is likely to offer some good bargains.
Typically, if I write a “Weekend Update” I use it as a blueprint for what I’m hoping to do for my own accounts in the coming week, but that’s not going to happen this week.
Despite the fact that when I was younger I always strove to be on the “shirts” side in a game of “skins” versus “shirts.” it’s so much easier to have some credibility when writing about the coming week when you actually do have some skin in the game.
So take everything that I say with that very big caveat. Compund that with the fact that despite the fact that we’re all expecting a large drop on Monday morning, by then the unemployment numbers will be old news.
But, if I did have money, I would be on the lookout to repurchase shares of some of my previous favorites that have come down in price to where I had lost them to assignment in the past month or so.
On that basis alone, Caterpillar and Goldman Sachs are very close to the $105 and $115 levels, respectively, at which I would re-purchase shares.
Additionally, Riverbed Technology is getting near that level at which I would sell puts, as is Focus Media.
For example, at its closing price on Wednesday of $27.19, you can get a $0.47 premium by selling a $25 put that expires in 2 weeks.
RIverbed would have to fall 8% in order for your contract to be assigned. In return you get a 1.9% return, based on a $25 potential purchase. It was last at that level two months ago, but it could happen again.
I would still take that bet, because Riverbed has always been very kind to me, but still, I won’t because I won’t have the money.
The numbers are similar for Focus Media. At its Thursday close of $25.10, it would have to drop 12.3% to reach a $22 strike price on the April 2012 put contract, for which you would receive a $0.35 premium, or 1.6% for two weeks. It too, was last at that level two months ago.
Also, since I don’t have the money, I won’t be adding shares of Freeport McMoRan, in an effort to execute a Double Dip Dividend play, as it goes ex-dividend, at its new increased level, on Wednesday.
I suppose that I could sell a kidney, or two, if I was really convinced of these plays, but most individuals involved in the underground organ markets are hard to find for people like me and eBay is of no help.
Maybe they’re taking the holidays off, as well.
So, I’ll likely sit and watch as the markets open on Monday, thinking the same thoughts of a week ago, as I was holding my “winning” Mega-Millions lottery ticket.
What if?
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Check out Recent PortfolioTransactions and
Transaction Performance
Recent Trades | Security | Type | Action | Type | April 7, 2012 | FCX | Call | Expired | Crumbs |
April 7, 2012 | VXX | Call | Expired | Crumbs |
April 7, 2012 | GMCR | Call | Expired | Crumbs |
April 7, 2012 | BP | Call | Expired | Weekly |
April 7, 2012 | CHK | Call | Expired | Weekly |
April 7, 2012 | JPM | Call | Expired | Weekly |
April 7, 2012 | XLE | Call | Expired | Weekly |
April 7, 2012 | MS | Call | Expired | Weekly |
April 5, 2012 | FCX | Call | STO | Crumbs |
April 4, 2012 | GMCR | Call | STO | Crumbs |
April 4, 2012 | VXX | Call | STO | Crumbs |
April 3, 2012 | VXX | Call | STO | Weekly |
April 2, 2012 | GRPN | Put | STO | Monthly |
April 2, 2012 | CHK | Call | STO | Weekly |
April 2, 2012 | XLE | Call | STO | Weekly |
April 2, 2012 | MS | Call | STO | Weekly |
April 2, 2012 | MS | Stock | Buy | |