Stock Market Update
Filed under: random, stocks on Friday 03/12/10 2:58 PM by boogster | No CommentsHere’s what my trading buddy said last weekend:
“Hi Mike. I think it will go 1150, then may drop back 1115-1120 area and hit to 1175 -1200 but it will be very volatile, and I definitely purchase some VXI to protect if I get in… “
I got 100 shares of ASEI about a week and a half ago around the 73.50 area. Longer term portfolio. I also added 300 more shares short of both SBUX and BBY. 800 shares short a piece now. I am averaging up…I know this is bad, but we are due for a short term pullback, which is when I will exit. My trading buddy is expecting S&P 1200 in the near term, so I think I will be getting some more AMZN on this next pullback, if we get one. Probably another 100 shares.
So, I’ve been thinking about getting a new car. Well, a used car. I’ve got an S2000 now, but I can barely fit my golf clubs and a pair of shoes in there. I love that car, but I need a bigger one. I’ve been thinking about the Jeep Commander, or maybe a 4 door Wrangler:
I will probably complain about the gas mileage if I get an SUV. I can’t decide. When I got my S2000, I said to myself that I was going to drive it until it broke. 5 years later, I want a new car. Go figure. Always happens. People always get bored of cars, regardless of the kind of car it is, so there’s no point in spending crazy amounts on a car because chances are that you’ll want a new car within 5 years.
Well…watching some VT vs. Miami now. I don’t watch too much college basketball, but there’s nothing else on right now besides soaps. Time to get some grub. Gotta go fix a kitchen sink leak in my parent’s townhouse too. Being a landlord sucks, especially when you’re not getting paid for it.








