Tuesday, November 07, 2006
Closing Comments
Towards the end of the day, I noticed a lot of scared trading, ahead of tonight's elections. As you know, I added to my SiRF and BRCM short positions-- mainly to get my average cost in line and to set up an effective hedge-- should the market "election fucks" the buyers tomorrow.
Aside from that, I was impressed with the backbone the bulls showed, bidding up high multiple stocks and not giving a fuck about valuation.
I know a lot of money managers who are short the market-- who feel like they are being spun on a rusted pike. Many "smart people" are upping their short positions, while the dumb fuckers continue to make millions. Hopefully, I can accomplish a personal goal of mine-- being a "smart, dumb- fucker." Let me know how I am doing.
Finally, get out and vote-- no matter how ridiculous our politicians are. If I were in charge, thank God I am not, I would require all politicians to wear clown suits and big red noses, while campaigning. This way, we the people get some entertainment out of the process, prior to them fucking us over.
Aside from that, I was impressed with the backbone the bulls showed, bidding up high multiple stocks and not giving a fuck about valuation.
I know a lot of money managers who are short the market-- who feel like they are being spun on a rusted pike. Many "smart people" are upping their short positions, while the dumb fuckers continue to make millions. Hopefully, I can accomplish a personal goal of mine-- being a "smart, dumb- fucker." Let me know how I am doing.
Finally, get out and vote-- no matter how ridiculous our politicians are. If I were in charge, thank God I am not, I would require all politicians to wear clown suits and big red noses, while campaigning. This way, we the people get some entertainment out of the process, prior to them fucking us over.
Comments:
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Quite the sense of humor, and good luck with those shorts. Hope you don't lose your pants!
Fellow Reader,
Cal
Check out my blog, good stuff ;-)
Fellow Reader,
Cal
Check out my blog, good stuff ;-)
LMRA places stock at 6.25... stock at 8.70 in pre-mkt. could put some pressure on mvis
# posted by 
: 8:13 AM
: 8:13 AM
Lumera has entered into definitive agreements with institutional and other accredited investors pursuant to which it has agreed to issue approximately 2,825,000 shares of its common stock, together with warrants to purchase approximately 423,750 shares of common stock, for an aggregate purchase price of $16,950,000 million (before expenses). The warrants will be exercisable for five years from the date of closing of the private placement, at a price of $6.25 per..
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# posted by : 8:22 AM
: 8:22 AM << Home
