Don't call it a come back

Long LULU
Long MO

looking for some new plays and a bit bewildered by this market. No pain, no anxiety, no fear. My daughter is taking over the family farm so I can spend more time trading this market.

My most inspirational moment of 2009

As a pilot I cant say how much joy this picture brings... Being a good trader is not a lot different from being a good pilot. Of course making mistakes as a pilot carries with it a much bigger potential loss. The best part about this story is that Capt Sully spent his whole career as a pilot preparing for this 5 minute test of his skill and merit. He is a true hero and I am motivated every time I see this picture.


LINK

BIG TRACK HOE WON THE BET

Since I posted on CAT back in June The stock has nearly doubled. too bad I was playing tic tac toe

GLD did set a new all time high intraday today. Amazing.

The Harvest Is in.

This is a video taken by my Dad while me and my buddy J.B. were rolling down the hill to make those spuds pop up like bubbles. Apples of the earth or ground berries... Call it what you will. Now its time to go to market and "engage in commerce with our brethren" as Adam Smith would say.

I closed out STAR for a 75% profit today... still long GLD

STAR shined enough to get the attention of CSCO who made an M&A play for the issue for $35 per share. A nice piece of news to wake up to.

steel,nation

I didn't loose a close friend or family member in the tragedy that was 9-11-2001...

I will say that many people I care about and interact with on a daily basis did. I can't even tell you how many tear filled conversations I have had with associates; in and out of the business because of those evil deeds; and to greater extent the heroes who later keep deeds at bay

I do know this. "I LOVE NEW YORK" and I love the USA. Lets fight to keep it safe. I teach my kids all the time about how their daddy could have left for work one morning and could be gone forever.

My best friend is going back to Afghanistan this fall and I pray for him and his newly wed wife, I know he is out there taking the fight to the enemy, which in turn keeps us domestically safe.

GOD BLESS OUR TROOPS AND THE WAY OF LIFE THEY DEFEND- AMEN We Love our Armed services.

4 good trades and 1 great video: Its almost that time of year ...

currently long GLD STAR FUQI ARST

please enjoy the video

DONT FIGHT THE TAPE

Every time we find the stock market in an unexpected run to the up or downside and the pundits are wetting themselves with glee; Eventually some old relic from the crash of 1929 gets on the air and reminds us of the only important information a trader needs. Hence the old stand by quote for times of so called irrational market behavior... "DON'T FIGHT THE TAPE!!!"



The market is what it is! Standing by in unbelief never made a trader a dime. The market is not Mr. Spock. It doesn't have to act logically. Moreover it doesn't have a mind, let alone "a mind of its own." Prices on a ticker tape. You as a fortune teller have one of two methods for calling the market direction ( you can use history or you can guess at it) if you use the past, or "the tape"- go with the trend and make a profit we call it a win. Some traders use the latter method and still call it skill when they win. The day you let the tape tell you where stocks are headed, AND trade accordingly; you will finally start to get in on the right side for consistent returns.

New Watchlist Stock

In recessionary conditions many traders and investors will look to companies like Kellogg. Why? The first reason is that traditional sector rotation used by many money managers dictates that they should. Secondly, there are companies that produce goods that we the consumer wont give up. I.e. Food. Lets face reality, we all need it and you will give up the dream of a brand new car if it means the difference between feeding your kids and letting them starve.

I want to highlight (K) Kellogg for some additional reasons. First they pay a steady dividend, moreover the earnings per share are actually coming in higher than expectations. and perhaps most important The stock price has begun to establish new highs. As always the trade has to be right for you, so let your own rules dictate the actions you take.

Trading/Farming Update

I am down to 3 active stock trades and I can only say I am really all that happy with 2 of them. I will say that if you have been watching ticker symbol STAR one of my holdings, you can see what a good "scale in opportunity" might look like as price movement continues to set new highs...



A special photo comes from my farm in carbon county... This is a close up picture of a Peregrine Falcon that became dehydrated and decided to hide in the shade of the old John Deere. My Dad found her just trying to find shade. she was not in good shape. she needed water bad. My dad did what he could and took a few pics. The Animal rescue folks came the next morning and took her to the sanctuary. She should be just fine in a week or so. I think she is like most investors right now- cant run cant hide and certainly cant find much air up there. Please enjoy and if you have any questions about my trading and really want to learn something; ask a question or 2- I am always in the mood to talk stocks.

DD

My dad having fun

Tic Tac Toe, or Big Track-hoe? check out CAT and tell me what you see.

DBA is draging its feet

my hedge is going well so far.

I went long DBA last week

I am also diversifying into food I can sell and eat as well.

Listen to the Trading Smart Bomb, and you wont get fooled again!

I could not resist posting this video. So join me in tipping your hat to the new revolution. let us usher in the new day where mutual fund managers are no more.

BETTER CRANK YOUR SPEAKERS FIRST!

Earnings Suprise

STAR-

This is the kind of thing you want to be looking for when a stock begins its run. Big volume and price movement and a confirmation on the day after the breakout.

This song is for all those who think we are in a new bull market

Stay away away from the hope dope. any decent trader can see that we are in a down trend. The only new highs we are seeing right now is from those who are too deep into the chronic.

With that in mind you may want to go long some "Little Debbies"

Trade like a robot...

If you cant use your previous failures in trading as a learning tool; you will continue to trade like an animal in a maze.

Use a robot if you have too. Any thing is better than your natural human hard wiring.

I think this panel discussion on robotics will really help.

Got Dividends?