Riding the waves

If were on a bearish decline right now, someone asked me what some good positions would be to benefit from the wave 2 and 4 trends would be?

Well I'm (heavily) weighted in:

BIDU

ICGN

MRNA

MMRF




Although my best advice? Shut your comuter off for the summer and ride these bad times out.

Sometimes the best blogs are the least verbose.

Ignorance

Below is my written response to someone who said this "I sure hope the conservatives don't get into power again, all they care about is making the rich richer and the poor poorer!"

First off, the conservatives are mostly concerned with efficiency. Their policies allow the rich to 'continue' to get richer, with the wheels just oiled up. Conversely the labour/lib-dem's put sand into the wheels that make the rich richer and the poor poorer....

Somethings been overlooked by you Graham. That being the rich will continue to get richer and the poor will continue to get poorer regardless of who's running the country. And what it boils down to is how smart you are with your money. Think about this, if someone on a million pound salary won the lottery what would they do with the winnings? Quit their jobs? Of course not, they would invest it, either in money market accounts, or in stock markets (really any form of investing). On the other hand you have someone who works on a 30,000 pound salary and imagine they won the lottery, they are very likely to go spend a large portion of the winnings on 'normal goods' (goods that demand increases when income increases) for example, Aston Martin, A speed boat, new clothes, fancy watches etc etc. Now what's the difference here? Those 'normal' goods have a depreciating monetary value, where as the wealthier person who invested it has (in most cases) a appreciating value on their investment. Now look at it less holistically: winning the lottery is essentially getting your paycheck. The issue is the inequalities of them (however those are not bad things, you need differentiating classes in a country otherwise your just communist) limit the motivation to which normal people like you and I will invest. Look at it this way If 'Jon' earns a million pounds a year and puts 10% of that into a normal savings account that yields 5% a year he will gain 5,000 pounds in the first year then increasing so on and so forth. If 'Adam' earns 50,000 a year (imagine these scenarios in a world without taxes, obviously in reality investments will be adjusted for tax) and puts 10% of that into the same savings account that yields 5% a year, well he's only earning 250 pounds in that first year. So saying the conservatives are the cause of the rich getting richer and the poor getting poorer is just ignorant. Numerous studies have been done on this same topic FYI
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I have little patience for people who just attack the conservative party like this. If you don't like them for events that happened nearly 15 years ago (the conservatives putting a 15% interest rate into effect) perhaps even some of those have mitigating circumstances. For example maybe this contractionary monetary policy was adapted to battle out of control inflation! People these days are so judgemental and subjective. If there was a way to turn collectivist cultures objective, you're damn sure I'd pursue that.

Opps

Well, I screwed up. Was slapped with a 90 day penalty this morning. I sold some securities last thursday in after hours, I then bought some new securities on monday morning, and sold them the following day. The funds didn't settle however, and now I am unable to buy securities with unsettled funds for 90 days. It's no big deal really, I panic sold a stock because my elliot wave analysis predicted it to take a tumble. It did just the oposite and it soared! Missed out on a thousand dollars, but hey; atleast I didn't lose a thousand dollars!

What a nerd I am. Of course I'm going to play NCAA Division II lacrosse soon, and compete nationally in paintball tournaments all I did today was watch bloomberg television studying my economics books! But hey, I have a 101 fever and my eyes portray my facial expression to that of a zombie. Hell though, I'd watch bloomberg television, eat ice cream and, trade stocks all day long any day! How about that Allan Greenspan hearing EH? some democrats are just demo-crap! Blaming the financial crisis on one person? He's 86 years old (I believe) and one of the most brilliant economic minds to ever grace America! Stupid liberals, when will they learn?

peace out YO!

My Sweet 16

Okay, I'm actually only 11 days from being 18. But still When I moved to London I was robbed of every guys dream; the first car. I simply didn't need to drive in England. Public transport sufficed my objectives. Well that point in time is over! I'm moving back to America.

Now, I'm different because most of my friends had their parents buy them cars. However I traded stocks to buy mine. Through many long hours of studying charts, endless mouse clicks, and devouring piles of cookies - Oh the glorious life of the day trader - I have built up a sum of money to pay for my first car. And if history can teach us anything it's that Beamers are the illest' whips on the road! (Google translator: BMW's are the best looking/best performing automobiles available to mankind.)

BMW X3. Isn't she lovely?

Too young

I went tanning with my brother today. It was my first time, and I had a decent amount of fun. I think the greatest high I had while my naked body lie under the U.V. sun ray beds was lieing about my age. You see when the tanning lady handed me the sheet to fill out my personal information, I discovered you needed to be 18 otherwise accompanied by a parental guardian for consent. Well I scratched out the '2' in the year for my birthday and turned it into a '1'. For 10 minutes I was 18 years old.

Am I just a little 'bad-ass' renegade or what? I've never ever touched drugs but man the neurons on my brain were firing in a way that made me feel on top of the world (even though I am, ha) and my ventro-medial-hypothalamus was going crazy over the hot girl who checked me in. And for any family reading this and saying "Oh my, whats gotten into that little angel Michael" well you need not worry, I'm still taking my daily vitamins and drinking my soy milk.

I'm 200% outraged however. I am sick of being told I'm to young for 'x' or 'y'. I can't go get a fake tan, I cannot vote, I can't trade stocks without being treated as an entity to my mother. There are so many things that I cannot legally do, but in the eyes of myself I see myself well overqualified to do such tasks.

Antigone (ancient Greek playwright) said it best, "You should ignore ones age, and focus on their merits." For the past two years I've been making so much money trading stocks. I've learned so many tools to trade. Achieved %300 growth levels in 2009 and in the first seven days of 2010 achieved 100% growth. I'm incredibly smart (don't believe me, call me and I shall narrate to you blindfolded the whole of my economics text book), I make good money as a young teenager, and my goals & objectives for life have been laid out at a very young age. I've been accepted into a college with substantial amounts of 'prestige', I was considered to star in the U.K. television show "The young apprentice", and I absolutely hate O'bama's guts. But still I'm to young to get a fake tan. Perhaps though my rant is obsolete, how many people have the age but not the merits? Surely I'll have it much easier in life when I come of age? To that I say I should still be able to change my address on my custodial e*trade account without the help of my parental guardians.

Hmph...

Secondly, I made a mistake the other day. Or did I? Absolutely not I did (yoda voice). I made a trade that skyrocketed up 100% gain, but in time to come it would plummet to -66% (all in a matter of minutes). I don't even care though. Sure I've lost a substantial amount of money but they are just a minor setback. And what has this caused me? Well I've lost management of a very important account! And for what? Well -66% to be precise!

I know I don't have a Popsicle's chance in hell of revolutionizing the financial world, but I've realized that working for other people absolutely sucks. But hey I'm free now! I'm working 100% only for the benefit of me, myself, and I! I'll be starting a hedge fund before 20 working for no one but myself (but using other peoples money, ironic I know). But If your so cautious about investing that you cannot bypass and disregard one detrimental act/behavior in light of the 1,000 positive actions/behaviors performed by anyone in your life (in any field: investing, raising children, or even eating at a restaurant) then you deserve my place and I deserve yours. Because clearly you fit more into the under 18 category than I.

A minor setback, but I'm still full speed ahead! All systems go! Clear for takeoff! Cliche counter +3!

See, you can win the super-bowl and still drop a game along the way, even if you get crushed 55-0 in that one game. For me this one trade was that game. A lack of discipline lead me to a staggering loss! But that superbowl ring is still mine.

The truth is at the end of the day that sports analogy's work flawlessly in the financial world, AND that these things are almost inevitable. I'm fully prepared to see a trade go down, because I know I'll still be laughing my way to the bank.

Wheelin'n'dealin, for life; I'm takin over!

Cliche counter: OVERLOAD

Stock : GOOG BIDU

Dear reader,

Lets discuss the word efficiency. It can be applied to many different fields. Most obviously economics and business, but also physics, and science and technology, even in academics. To be efficient is performing or functioning in the best possible manner with the least waste of time and effort. For example if my business can produce 200 pizzas a day with only 20$ of wasted ingredients and your business can only produce 20 pizzas in a day with the same 20$ of wasted ingredients then im 'Microsoft' and your 'Linux'... Haha? No but the point is i'd be 10 times more efficient than you are, because i'm benefiting from economies of scale.

Now let's warp back in time to 1881. Thomas Edison had discovered DC electricity. His successor though knew how flawed his models were (DC electricity is very inefficient when being sent over long distances). Thus he set out to create another model in which he found that power stations could be used to send AC electricity between other power stations, giving birth to the national grid where electricity can 'efficiently' be delivered in even the most remote areas.

Im going to be a little more succint from now on.

Sell your shares of Microsoft. I love Bill Gates and love the personal computer, but in the world where money talks, there is no room for friendship. You would grow to hate him anyways if you keep your shares when they won't even buy you a loaf of bread. Cloud Computing is going to be the 'AC electricity' to 'DC electricity' of the computer world. A big financial tsunami is going to soon hit the stock-market and its going to be around $1,000,000,000,000 high. Want to surf the waves? heres how. Buy as much shares of Google and Baidu.com as you can. sell your house if you have to in order to fund this investment, trust me you don't want to get left outside on this one.

Two stocks, one post! efficient? So.

Stock: Google

Ticker: GOOG

Position held: Still acquiring funds

Price bought: N/A

Price sold: I am going to target around $2,000 a share could take a few years but your invited to my house on the moon

Stock: Baidu.com

Ticker: BIDU

Position held: Still acquiring funds

Price bought: N/A

Price sold: lets aim for $1,000

I've been day trading these stocks for a while now, so I'm not going to post every time I do, but nevertheless our target prices have been set.

-Michael Marino

Stock : GNVC

Hi,

This next one is my latest cinderella stock. I encourage everyone to go and buy 10,000 shares of this company, it will make you happy!

Position held: 915 @ $1.65

Date acquired: Janruary 7th 2010

This is a small cap biotechnology drug company. They are having late phase III success with there flagship drug "TNF-erade" used to treat patients with pancreatic cancer, has increased patients prognosis from 7-13 months with traditional treatment to over 43 months with TNF-erade. They also are in the R&D stages of many other drugs to treat various illnesses. I've already achieved 100% growth rates on this stock, but because of recent dilution problems that growth is reduced to 10%. It doesnt matter its going to skyrocket!

Final exit price: N/A

Final Profit: N/A