Resorting to Gambling

December 1, 2018

As the market bounces around, doing not much of anything, and we are left to wonder whether or not 2018 will finish in the red or the black, I’m now resorting to outright gambling. In many cases I’m a speculator, not an investor, which is practically gambling anyway.  My biggest bets of 2017 and 2018 […]

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American Thanksgiving

November 24, 2018

It’s what we in Canada call the “American” Thanksgiving, although I assume Americans just refer to it as “Thanksgiving”.  I worked all day Thursday so missed the day football games.  Next year I will have to remember to book the day off. The stock market did the same, with nothing much happening, but here’s my […]

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Nothing, or Something

November 17, 2018

Year to date, the Dow is basically flat.  Will it stay flat, or crash, or go up? Historically, the period after mid-term elections tends to be strong, so it’s possible that the market is about to take off. However, interest rates are creeping upward, and important stocks like Apple have experienced some weakness of late.  […]

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Pot Stocks Down, But at Least I Made Money on Trump

November 10, 2018

We’ve seen this movie before.  The media says Trump is going to lose the election, and then he wins, and the markets go up. So, on Tuesday, I bought SPX calls, 2770 strike, expiring on Friday, for an average price of around $14.00 On Wednesday, after Trump lost the House but increased his seats in […]

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The Green Organic Dutchman – What a Week

November 3, 2018

The market for cannabis stocks in Canada has been, to put in mildly, a roller coaster, and no stock exemplifies this more than TGOD.TO – The Green Organic Dutchman. It started trading after it’s IPO at around $3.50 in May, bounced to $8 in June, pulled back to $5 in August, and then hit $10 […]

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Fun Week for Tesla

October 27, 2018

Let’s review: Tesla was in a down-trend, and then they announced that they would announce their quarterly earnings early.  Pre-earnings the stock was trading below $255; after earnings on Tuesday it bumped up to $295, and after a pullback on Thursday closed the week at just under $331. That’s show those shorts! Not really. Yes, […]

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Not Over Yet

October 20, 2018

So, the “big crash” happened last week, and the world didn’t end.  Ho hum. I’ll keep this brief: the bull market is not over yet.  We just observed a nice correction, to allow the Big Boys to load up on more “bargains”, so they can do it all again.  Lather, rinse, repeat. Tesla closed at […]

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The Big Crash (Sort Of)

October 13, 2018

As you all know, on Wednesday the market “crashed”, or corrected, or went down.  Further weakness on Thursday brought the broad averages all the way back to where they were in August. mid-August. Yup, we suffered through the “lost eight weeks”.  Clearly a catastrophe. I’m holding a lot of cash, so I wasn’t paying any […]

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Tesla and Pot Stocks (Not the Same Thing)

October 6, 2018

My comments on Tesla will be brief.  Last week I asked if this was the end for Tesla; it’s not, yet, but the end is getting closer.  Tesla closed the week at $262, so after ramping to $316 on word of a settlement with the SEC, it’s back down, because Elon Musk can’t stop sending […]

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Tesla – The End?

September 29, 2018

On Friday TSLA – Tesla Inc. closed at $264.77, down $42.75 or 13.90%.  For comparative purposes, Tesla also close around $265 in February, 2014, and September 2014, and July 2015, and March 2017. We all know the story. Elon Musk tweeted that financing was confirmed to take the company private at $420 per share. Am […]

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