| The 35th anniversary of the first summer blockbuster. My mom took my brother and I (we were 8 and 5), but my dad hadn't wanted her to take us - he thought it might be too scary. It scared us, but was good! My brother even jumped out of his seat during one of the scenes. |
Friday, 18 June 2010
Fw: 'Jaws' Launched Summer Blockbuster 35 Years Ago - ABC News
Posted on 12:31 by Unknown
Wednesday, 16 June 2010
CBOE Just Had Its IPO: Why I Bought The Stock
Posted on 13:03 by Unknown
Yesterday, the Chicago Board Options Exchange (CBOE) went public at $29, reached $33.75, and closed at $32.49. I ended up buying it at $32.50.
I bought CBOE because it fits a strategy I've used successfully in the past to trade IPOs. The strategy to buy new issues of companies that have similar market share to stocks that have already performed well since their IPOs.
This strategy is included in my book Stock Trading Riches.
In this case, I believe that CBOE is similar to CBOT (Chicago Board of Trade) and CME (Chicago Mercantile Exchange) - both of whom had successful IPOs.
So far, I am 3-0 for this strategy:
1. When CBOT (Chicago Board of Trade) went public, I saw that the CME (Chicago Mercantile Exchange) had previously gone public around $35-40, and had climbed into the $300's.
So, I bought CBOT. It went public in the 40's and I got filled at $85. Since I follow my book's re-balancing system, I didn't get discouraged by the volatility. I ended up selling some in the 120's, buying more at $96, and then taking profits in the $200's. Finally, CME bought CBOT and I ended up with CME stock around $490.
2.Visa went public at $47. I bought it at $65 and thought it was still a good price because Mastercard had previously gone public around $40, and was then trading at $223. I recommended that purchase in this post and this one.
Visa ended up reaching $83 a month later. Here was my follow up post at that time.
3. In November 2009, I wrote about buying the Hyatt IPO at $27.92 because Hilton had done well since its IPO. Currently, Hyatt is trading at $40.64
I think this IPO technique works because mutual funds that own the first stock will want to own both. When you can identify stocks that funds want to buy, you can "ride" their coattails. Since they buy in large quantities, it typically takes them months to build up a position, and all their buying drives up the price.
I bought CBOE because it fits a strategy I've used successfully in the past to trade IPOs. The strategy to buy new issues of companies that have similar market share to stocks that have already performed well since their IPOs.
This strategy is included in my book Stock Trading Riches.
In this case, I believe that CBOE is similar to CBOT (Chicago Board of Trade) and CME (Chicago Mercantile Exchange) - both of whom had successful IPOs.
So far, I am 3-0 for this strategy:
1. When CBOT (Chicago Board of Trade) went public, I saw that the CME (Chicago Mercantile Exchange) had previously gone public around $35-40, and had climbed into the $300's.
So, I bought CBOT. It went public in the 40's and I got filled at $85. Since I follow my book's re-balancing system, I didn't get discouraged by the volatility. I ended up selling some in the 120's, buying more at $96, and then taking profits in the $200's. Finally, CME bought CBOT and I ended up with CME stock around $490.
2.Visa went public at $47. I bought it at $65 and thought it was still a good price because Mastercard had previously gone public around $40, and was then trading at $223. I recommended that purchase in this post and this one.
Visa ended up reaching $83 a month later. Here was my follow up post at that time.
3. In November 2009, I wrote about buying the Hyatt IPO at $27.92 because Hilton had done well since its IPO. Currently, Hyatt is trading at $40.64
I think this IPO technique works because mutual funds that own the first stock will want to own both. When you can identify stocks that funds want to buy, you can "ride" their coattails. Since they buy in large quantities, it typically takes them months to build up a position, and all their buying drives up the price.
Monday, 14 June 2010
Run your business like a Kids’ Lemonade stand
Posted on 15:28 by Unknown
This interesting post talks about running your business like a child's lemonade stand. This way, your business will be simple, fun, flexible, and adaptable. Your customers will feel welcome and comfortable that they undersdtant your business and there are no gimmicks or hidden agendas.
Best of Money Carnival
Posted on 08:11 by Unknown
The blog My Dollar Plan recently hosted the Best of Money Carnival, which features a lot of good financial articles.
Wednesday, 9 June 2010
Thinking of Being A Landlord? Read This Tenant Horror Story
Posted on 16:07 by Unknown
| A lot of people want to become landlords - especially in this market. You must realize that being a landlord is not a source of passive income, where you only deal with paperwork. You have to deal with real humans... |
Thinking of Being A Landlord? Read This Tenant Horror Story
Posted on 15:58 by Unknown
A lot of people want to become landlords - especially in this market:
1. They want to buy investment property at today's low prices and rent it out.
2. They want to buy a new home because prices are down, but they want to rent their old house and sell it when the market comes back.
Either way, you must realize that being a landlord is not a source of passive income, where you only deal with paperwork. You have to deal with real humans.
Here is a cautionary tale called "The Tenant From Hell: The Stripper With The Dirty Feet".
1. They want to buy investment property at today's low prices and rent it out.
2. They want to buy a new home because prices are down, but they want to rent their old house and sell it when the market comes back.
Either way, you must realize that being a landlord is not a source of passive income, where you only deal with paperwork. You have to deal with real humans.
Here is a cautionary tale called "The Tenant From Hell: The Stripper With The Dirty Feet".
Thursday, 3 June 2010
David Einhorn Thinks The U.S. Debt Will Be Our Problem - Not Grand Kids
Posted on 16:25 by Unknown
It's become a cliche that our government debt will be a legacy that future generations have to repay.
However, David Einhorn, of Greenlight Capital, made a speech saying that our future generations can rest easy. The explosion in government spending during the last few years means that WE will end up paying for it.
In his insightful speech, Einhorn lays out how last year's "stimulus" wasn't really a stimulus because, rather than being a one-shot boost to the economy, it permanently increased government base-line spending and created / preserved government jobs.
The speech details how official government statistics are manipulated and understate inflation.
The Fed has us on a cycle - going from one bubble to bailout to next bubble.
However, David Einhorn, of Greenlight Capital, made a speech saying that our future generations can rest easy. The explosion in government spending during the last few years means that WE will end up paying for it.
In his insightful speech, Einhorn lays out how last year's "stimulus" wasn't really a stimulus because, rather than being a one-shot boost to the economy, it permanently increased government base-line spending and created / preserved government jobs.
The speech details how official government statistics are manipulated and understate inflation.
The Fed has us on a cycle - going from one bubble to bailout to next bubble.
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