Bought PPC(Pilgrim's Pride)@21.45---Love the Chicken story...TSN(Tyson Chicken) and PPC spent 6 months getting cheaper..It's a sale now!!!! Consumer Stocks Good Long Term Play.... Bird Flu priced In and it's not in America.....Hey we may be the big exporter of Chicken to Asia...WOW that would be huge....Be the Contrarian.... Other Notes WPSC-Stopped out 17.08 (They missed the quarter)
WHAT A FIND for a TELCOM(SHORT TERM PLAY)---Already Moved (Very Light Volume)----SOLD 1/2 Yesterday at 50.50 ANK----Atlantic Tele-Network, Inc. (ATN), through its subsidiary, provides local telephone, long-distance, and cellular services in the Cooperative Republic of Guyana, and international telecommunication services to and from Guyana. It also provides various telephone-related services, including yellow pages and other directory services, and broadband resale services to internet service providers. The company through its another wholly owned subsidiary, Choice Communications, LLC, engages in the internet service, specialized mobile radio, paging and the wireless cable television businesses in the United States Virgin Islands. ATNâs other subsidiaries include Atlantic Tele-Center, Inc., which operates a small satellite-based Internet services business in Latin America and the Caribbean; Bermuda Digital Communications, Ltd., which provides cellular service in Bermuda. The company was established in 1987 and is headquartered in St. Thomas, Virgin Islands. 5 Day Chart
Bought UBB@79.98 EWZ@40.03 Brazil looks like it's coming Back strong.....Bounced right off 36500 Level
Wow..I just found your journal and must tell you that from what I have read so far it is by far one of the most interesting things I have ever read here. I hope to read more when time allows as I am not a big online person... Since your 67 can you give us some background on what you did for a living, what started you saving and investing etc? I, for one, would love to hear more about you. You are inspiring to others, especially young people like myself.
Happy 68th. and healthy as a horse...That is so awesome...may you have many more birthdays and stay healthy forever
I Have no problem Telling you about myself...Heck It's My BirthDay Today (68) ----1st Off I was born in No Where Ville, Mississippi... I Worked most of my life in Sales for an AutoParts Manufacturer (Standard Motor Products)...I retired In 1998 ThankGod....1st off I never made a yearly Salary over 60,000 and my wife of 37 years works for Delta Airlines and still does today...ThankGod...It's nice to have her out of the house 3 Days a week...Helps the marriage greatly....All she does is fly International (well right now she is in Hawaii)...But anyways she always leaves Monday and comes back Thursday...This allows me plenty of time to research/Chart/ and Figure entry and exit points..... Most importantly throughout my life I understood...FV=$(1+r)^t Look for the highest r, but do it while preserving capital and being safe.. And always pursued a Conservative/Diversified Approach to investing....Not just US, but many of Countries... In the early 1980's I really started investing with some real capital when I sold The Family Land for 180K....Back then it was a great price....Looking back huge mistake....I put it all in 10 year treasuries yielding 16%......Sold them 5 years later and since yields had fallen so much my bonds were worth twice the value...1st real success in the market.... My wife and I have always known the value of a Dollar since we both worked Blue Collar all our lives....And saving every year was primary goal since we got married....3 Kids screwed the saving thing up, but we managed to teach them the value of investing/ NOT gambling....Get rich quick happens to a few, but remember Options are a ZERO SUM GAME.... All I do Is Protective Puts, Selling Covered Calls, and Zero Cost Collars in down markets...The NYX naked Calls was a No Brainer and is the 1st naked calls I bought in 2 years.....Market psychology wasn't that hard with NYX... Advice Just Save, Payoff high interest debt, Take the wife's credit cards away, Make sound long term investments, Follow trends with speculative money, Be diversified, And Protective Puts saved about 1/3 of my capital in 2000..... Either Protect your large positions and big gains or sell them!!! Giving up a few Percentage points (buying puts) is better than losing 1/3 of your capital when valuations correct.....Timing is KEY so stay on top of Market Cycles and Remember sometimes CASH IS KING!!! Best 6 things I ever DID in market. 1. Loaded up on Brazil in 2003 especially BANKS 2. Bought 10Yr Bonds when Interest was 16% and sold 5 years later for huge profits..Over 200% gain on initial capital 3. Bought 6 month out Protective Puts on INTC, YHOO, JDSU, CIEN and many others 2 months before the buddle popped...Sold all unprotected equity very 1st Day it corrected and never looked back.. 4. Bought Oils all over the world Right when Bush W. was elected another No Brainer----HALIBURTON 5. Was sitting in 60% CASH and BONDS in 1987....Bought Equity on the cheap that year... 6. Never Registered to Vote.....It's not my fault for anything the US government does....and I will never be sitting in Jury Duty the day the Market Corrects!!! $COSTAverageMAN
Wow..thank you for taking the time out to tell us all more about your background...so very interesting and I my very best wishes to you and to your very special wife. And a huge Thank You for sharing your investing life!