Wednesday, December 30, 2009
Flying with Terror
Anyway as we had to fly in a few days after the now-infamous Christmas attempt to blow up a plane I had a lot of time (on a plane) to think about the whole incident- and needless to say its pretty darn scary. The guy was pretty close (certainly too close for comfort) to making a miserable Christmas for an awful lot of people. Anyway on Sunday I was watching Meet the Press and they had on Joe Lieberman from the GREAT state of CT, who despite his flip flopping personality I like him (and have voted for him) twice now because I think he does a good job of being liberal enough for my liking and not being a super conservative either, hes a shade of purple which works for me. So he is on there fairly upset- and rightly so because as he angrilly points out we have and have had the technology available to completely prevent this attempt. These so-called full body scans are simple (many airports have the equipment bought too) and yet- they are not used, because certain lawyers have made it a huge violation of privacy issue. Congratulations lawyers- how would you feel if you were on that flight? Probably be thinking that they were fighting the wrong battle.... at least I hope thats what they would think.
Fast forward to today and I read THIS article where the Dutch have begun using the scanners on flights to the US, after the Obama administration had been against using them previously, gave the ok- I find this a bit frustrating that it takes such an extreme act to get something like this to happen. We get told how to cough (so not to share germs) but make airlines as safe as we can make them.... not yet. Until now. Again I feel as though they are putting citizens safety secondary to their 'rights' and that can not be the priority. Personally I like having rights and protection of my rights is important to me, but never at the cost of my safety. In this case: flying, the art of getting in a plane in order to go somewhere faster/ further than any other form of transportation. FLYING is NOT a RIGHT. It is a choice, and as such anything that can be done to make it safer should be done, and if someone wants to Xray scan me and all my fellow passengers to ensure my safety; sign me up, if its so important to your privacy make your own airline, call it Right2Fly and advertise we do shoddy security but your privacy and rights are protected. I mean it just doesn't equate. I am actually pretty happy with security and the airlines for adapting to this crazy world, but sometimes we need a bit more common sense to help them out too; instead of blaming them for slow waits and sometimes long lines. They are keeping you safe, maybe think about that the next time you think "I hate this security."
Monday, November 23, 2009
The Times urges Goldman to donate bonuses to National debt
Sunday, November 22, 2009
So what does this mean?
Tuesday, November 10, 2009
IO Jumps Again
IO moved again today for no apparent reason. Cool. No reason, no news, just massive volume and a nice move up
| IO | 1:23pm ET | 5.48 | 5,382,175 |
So that's a jump from 3.39 to 5.48 which a respectable 61.7% return.
I'm not really what to make of this, the volume says that this has legs... so I'm holding.... but I am curious, I haven't seen this kind of move without news.... well not recently.. We'll see how it goes.
Thursday, November 5, 2009
DGIT Moves!
Today we got a nice jump on DGIT's earnings and an announced Google deal. Seems like if you are a small company and you get Google's name somewhere its always good. The conference call is at 11 so I think (I'm still overweight with DGIT so today is a good day to move some) going to try and sell some 25 Nov calls... this should give me a really nice profit should the call be bad/or the stock settles after this pop before November 20th. The bid on a Nov call is currently 65cents, which is still another 3.5% premium on the current price. The ask is 85. I may sell a couple calls going into the call, and hope its not stellar. Otherwise I'll still have about 2/3 my original quantity left. We're now up 20.4% since the blogs first posting. I'd be careful about any other stocks I listed now; I'm due for some bad news =)
Right now however, its riding a nice wave....
EDIT: As of 11:36 the Google news seems well accepted (It has to do with HD commercials/advertising) , and the stock has continued to move, I had sold a couple calls at .90, currently the ask on that is 1.3 so that's unfortunate, price is $25.60. Currently commenting on HD conversion of cable.
Monday, October 26, 2009
IO jumps
In other news I tied Dave this week in FF, a TIE. Granted my team was amazingly poor at most positions RB and WR particularly (6 points TOTAL for 5 slots) but thanks to some luck with def, and TE I pulled out the tie, in thanks to Dave's team pretty much choking by the Cardinals running the ball too much (for his liking anyway)
Giants look bad.
World Series looks worse, I may root for the hated yankees 'cause I hate the Phils more.... just horrible.
Thursday, October 22, 2009
Portfolio Update
Anyway quick update on the portfolio last posted Sept 25;
ANR was 34.87 now 39.9 up 14.3%
CGW was 17.53 now 18.09 up 3.2%
DGIT was 20.66 now 23.00 up 11.3%
ERF was 22.10 now 24.15 up 9.3%
HTE was 6.12 now 9.33 up 52.5% (Disclaimer sold today at 9.29- buyout announced at 10 CDN)
IO was 3.39 now 3.61 up 6.5%
NUAN was 14.33 now 14.74 up 2.9% (Purchased new options for Nov at 15 for .50 yesterday- hoping this pullback is temporary)
WM was 28.98 now 31.46 up 8.6%
So it was a very good month; I will be putting up some in-the-money calls up for sale on DGIT soon (remember I said I have too much? well I still have too much but I had to wait a month before I sold to clear a capital gains loss on a very small portion <100 shares) The HTE thing I'm rather bummed out about; I know that seems dumb but as oil climbs that 9.5 offer is going to look like a joke. I'll probably be investing in another Canroy soon to capitalize on rising oil but for now unless you want a 20 cent guarantee on a 9.3 investment this one is dead money. Interestingly this is another reason (outside of outstanding dividends) to invest in the Canroys- as the deadline approaches for the tax laws currently in place several more may offer themselves up for sale (like Harvest) so if you chose right you might get a pop (like we saw today) Unless the Canadian government suddenly realizes that it screwed investors a few years ago and here comes the payback as Canadian assets get bought up by Asia. Interesting.
Wednesday, October 7, 2009
What the Dutch do
Interestingly (and as a fiscal nut I was impressed) two points; One, the Dutch pay HALF what the US pays for healthcare; yet two, theirs is completely universal. Everyone pays the same thing (about 160 a month) which is unfortunately for me about double what I pay now however. The obvious benefits: everyone is covered and everyone pays the same price, and no one is turned away.
"Every citizen is required to buy a basic package that typically costs about $160 a month. The insurance companies are required to offer the same prices to all customers, regardless of age or medical history. Low-income residents have their premiums subsidized. Health care shoppers can choose to pay more for coverage, for things like dentistry, cosmetic surgery, or physiotherapy."
In a twist the Dutch when converting to this plan dissolved all of the government healthcare options and moved them into private insurers to promote a level of competition. This is exactly opposite of what some Democrats wish to have with this so-called 'public option' There are government guarantees on risk to the companies as well as balancing acts should one company be stuck with more 'high cost patients'
The downsides noted are not without mention. First working for a Dutch company I have spoken with many of them an certainly none of them rave about the services they receive; in fact many have said they go almost always to the hospital first- doctors. One American (who I worked with) over there fro 2 years took his wife to Italy to go to the doctor when they couldn't get the drugs needed. And that was mentioned in the piece as well, the plan is very slow to get the latest in drugs and processes; everything needs to be financially viable- not necessarily what a patient wants to here- and certainly something that would have issues here.
I thought it was a though inducing piece however- certainly I was impressed with the financial control, but I'd need some more information on what I'd still be able to get before I sign up. However, it certainly opened my eyes to a universal plan- that has lasted longer and survived better than certainly any public option tried here in the US.
Thursday, October 1, 2009
And just because I enjoy this series...
I thought Youtube had pulled them for copy-write issues, but they are still there! I got a real kick out of watching them again; watch at your own peril. Enjoy!
Day2
Day3
Day4 pt 1
Day4 pt 2
Wednesday, September 30, 2009
One more with feeling...
This is me before Hiking out of the backside of Killebrew Canyon in Heavenly, Mark and I had an absolutely fantastic time going down this (Note there was NOBODY back there) so the conditions were prime. However then we spend the next part of an hour hiking/traversing our way back to the lift. Yes the ski bug is coming out a bit earlier this year...
I'll give Mark something for himself too, comments on this are usually "That looks steep" Usually the camera makes it look even less steep too.
Tuesday, September 29, 2009
Anyone want to go back?
Friday, September 25, 2009
The Current Portfolio
ANR, Coal (the metallurgical kind) used in steel production. Really like the company, looking for something in the 60's in 1-2 years once the world economy has really recovered.
CGW, Water ETF (the drinking kind) Long term like 10 years safe drinking water might be scarcer than oil. This is a curiousity play. Not a whole lot invested in this.
DGIT, Internet design/advertising. I'm in this waaaay to much right now (almost 25% of the portfolio), looking to trim my holdings to half by the end of October. Then use some long term options to control even more of the shares. Looking for 27 in 6-12 months.
ERF, Oil Canroy (monthly dividend (distribution)) and long on oil
HTE, see above
IO, Oil/natural gas exploration equipment. Its a niche market for sure but I think they have a solid product line. Right now with depressed energy prices its hurt the bottom line, look for a rebound with rising prices. Looking for 7-10 in 24 months.
NUAN, speech recognition software. Another niche market, the king of which is Nuance. I've been long in this for a while and while I have trimmed position in it as it has become a more stable stock I still like the long term view. Looking for 22 in 18months
Finally WM. Waste Management. Its garbage, its here now its here to stay. Decent dividends and stability. No rocket stock here, but slow and steady.
So thats it! Take it as you will.
Thursday, September 24, 2009
What's in the wallet II
The reason I bring this up is there is a side of me that really fears this rapid climb, and I as I try to move my portfolio to a more shored up (think more cash) position and out of options I sincerely think the market is due for a pretty serious correction in the next 2-3 months. Worst case I think we could touch 8000 on the Dow again. And then I think will be another great opportunity. I'll open the portfolio so you can see whats in it tomorrow.
Wednesday, September 23, 2009
What's in my wallet
Lets take a peek back. When the first rumblings hit back last September I was at first skeptical, and stupidly tried to use the weakness to shore up some positions I was holding. Ouch. After playing options for the next couple months fairly successfully (These were one day and out style to match the +/- volatility) while slowly moving over to more cash based holdings. However, my core positions had been beat down pretty significantly. By around Thanksgiving I had to myself declared the worst was over and began moving toward buying again. Once again my bullish drive was a bit shortsighted. I took a few more lumps and hit a low in late February. For the 401k management I purposely moved the majority of my holdings to small cap funds and more aggressive/developing/tech funds (this was in January) when I was SURE the worst was over. It still wasnt't. SO what was the damage? Pretty bad, by late February I was off 46% from 4 months earlier. And the 401k was off something like 10% (even with contributions the entire time) It was time to change the strategy.
PT 2 tomorrow
Tuesday, September 22, 2009
Great Football Weekend
Lets not fool ourselves there is a lot of money at stake each week for daily/ game bets. Who doesn't throw down a dollar to make a weekly pick sheet? No other sport has a such a definitive schedule where this is possible. And lets be frank as well the NFL knows it and allows to such a degree that they fine teams for fudging their injury reports. Now the NFL says its to protect the players... bs... its to protect the gambling spreads and make sure they are honest. Which is ironic for a sport that pledges to be so pure. But in the end none of this matters to me, on Sunday I'll be on the couch rooting hard for the Giants.... (and watching to see how my ff league players are doing on the stat sheet)
Monday, September 14, 2009
Do unto others as you have them do unto you...
In good news to me (bad news to the market today) President Obama has reiterated his stance on tariffs on Chineese tires. Now I know that I am usually pro free market economy, and this may sound protectionist. But the fact is that everything with China is anything but free trade. Mostly this stems from the Chinese pegging their currency to the dollar, which as a result has seriously undervauled the yuan. In recent years this has been changed to a 'basket' of currencies but still puts a huge competative advantage with Chinese manufacturing due to undervalued currency. Ironically this tariff doesn't affect US jobs much- the tires here are the low end and almost non-produced in the US anyway, but its an interesting study. For a good op-ed piece here.
"Last month, Beijing was forced to change its tariffs on imported auto parts after losing an appeal of a WTO ruling in a case brought by the United States, the European Union and Canada. They challenged Beijing's policy of requiring automakers to use at last 40 percent Chinese-made components or pay more than double the usual tariff on imported parts."
From a different source... but sounds free to me, right?Friday, September 11, 2009
Lock in your mortagage rates soon....
Yes, thats right he inherited a deficit of 1 trillion dollars which was 50 years in the making and already increased it 40% in 8 months. If I held any US currency or was buying US debt I'd sure look to trim some of that soon. Ironically that wouldn't be that bad, considering my mortgage at 4.85% would suddenly look really nice once inflation hits like 5% and interest rates are at 7%.
Thursday, September 10, 2009
The land of the free and the home of healthcare
The frightening thing to me is how this 'plan' will work. There are some holes you could drive a dinosaur through. Then there is the implementation of this 'simple' plan to create a public option to compete with private companies locked in to a sinking ship. Make no mistake any private company in this plan is doomed at some point, its just financial suicide. The only way to partly survive, they would promote the very behaviour that led us into this economic conditions. Observe; Insurance company A has some at risk people on their plan, so they look at company B and say ahh, if we lower our rates or better yet come up with some funky packaging for plans we can get more people to come over and more money to cover the at-risk people because now we legally can't drop them. We can also sell swaps where investors can essentially bet that our people will remain healthy- if they do they get a nice return. Look at all this money coming in.... this is great. And so it begins, then people get sick. Now suddenly instead of being able to cut and run the entire health insurance company is brought down, and not just one person loses their insurance but EVERYONE. A la Lehman or Bear Sterns. That sounds like a super end game for everyone. Think about it if it was a government plan. What happens when they fail?
And don't make me laugh with 'Bi-partisanship' -that
Monday, September 7, 2009
Let the man speak
A lot (way way too much) has been made of President Obama's chat to students tomorrow, and while I have some seriously differing views on healthcare reform, on Tuesday that is NOT the issue. Let him speak. He is the president of the United States, and though he may have his supporters and detractors he speaks extremely well in rehearsed settings with a speech and he has the ability to inspire people; and to a young student that may be what he or she needs to go from a drop out to a graduate, from a poor student to a good one. His speech is not about healthcare or domestic affairs or as some conservative pundits have tried to make it sound like a propaganda express to 'brainwash' the children. This speech is designed to inspire; and I thought it was very good- it needs to be heard, and we need to keep the fear mongering out of it. On Tuesday I hope that every school that foolishly vowed not to show it, should show it. Don't be stubborn or proud, but admit wrong. And let the children be inspired, not by a democrat or a republican, but by their president, who is and rightly should be a role model to young people everywhere. We as a nation are at a critical juncture in terms of our work ethic. I feel students and their parents have found it easier to place blame elsewhere and not looking at the real problem; an honest lack of hard work. We have so many distractions, pick up a book, learn, better yet inspire. President Obama here is doing the right thing; So let the man speak.
Tuesday, July 21, 2009
Spending and the aftermath
Nobody wins if there are only losers, its time to stop deficit spending.
Thursday, July 2, 2009
What's next?
Tuesday, June 30, 2009
What me worry?

So what does this mean? Well with interest rates where they are and spending like it is something has to give. Either more taxes (cap and trade is the first of these 'sneaky' taxes) or hyper inflation- which with this kind of deficit spending is possible. As soon as people stop buying our dollars look out....
Now I will put into practice what I think... we just agreed to buy a house
Friday, June 26, 2009
Quick Note
Ultimately (again) it will be citizens who pay for this- as this will increase costs of goods as more expensive measures are put in to curb the emissions. While this undoubtedly is better for the environment it is at what cost and what effect? Further is it the right time? With unemployment going over 10% is it really time to tax the people (indirectly) more? I would be inclined to say no.
Tuesday, June 23, 2009
A novel way to look at a rigged election
Very interesting and clever article.
Solidarity worked in Poland, the Iranian situation is very unique; with such a young population they have the numbers if not the way yet to change their society. Yet the sight of all those people marching in protest was truly inspiring. Efforts which if I may say in the face of an oppressive and ruthless group are all the more commendable. My thoughts go with them and so too my praise.
Wednesday, June 17, 2009
Final thoughts
Ethanol, once touted as the environmental solution to fuel/gasoline use in the world has instead increased corn prices to levels never seen. Food prices have risen as a results; corn for feed has gone up, farmers have forgone wheat fields to plant corn because of higher prices and bread prices have gone up. As a result millions in Africa have been extremely malnourished and starving because of ethanol production. A few years later dairy farmers are selling dairy cows for slaughter as milk prices with deflation have dropped but feed is still expensive and they can't afford low-production cows; even then it is predicted many farms won't make it through the year. The world food bank chief called it(ethanol) essentially the greatest disaster of the past 50 years.
The fact is that models are just models and therefore do not guarantee anything; they can be compared to current data and track backward but the starting points and parameters are all variables that can seriously change the projections. Satellite imagery of the globe from space has been used to measure temperature for the past 30 years or so has measured average global temperature has actually decreased .2 degrees C. Contrary to that data however is ground based measurements which say there was an increase of around 1.7. Again the debate goes two ways. And that is my point. Data can say whatever we want it to and therefore climate change needs to be a debate; not a one sided discussion. The same can be said for the 'irrefutable' link between CO2 emissions and global warming. The chart for the past 150 years shows both increases in CO2 and temperature rise averaged upward. Yet a lawyer would zoom in on the date to argue this point; a 20 year stretch where CO2 rose rapidly even (late 60's to early 80's) yet temperatures dropped significantly every year for that time period. So much so there was some panic that the earth was actually entering a mini-ice age!
So how quickly we forget and move on to the next panic. I would encourage everyone to read what they can from the far sides of both of the arguments; the truth will be somewhere in between. I for one will attempt to see Al Gore's movie; to see his arguments/beliefs, but doubt I will come away from it changed. The earth has been here a while, it will continue to be here a while, change is nature; that is evolution. To 'preserve' nature is against nature itself, we as humans cannot preserve (ie prevent change) we are only changing something else. Its an interesting train of thought.
Tuesday, June 16, 2009
What is Global Warming?
It is a theory. Nothing more. It gained significant traction when James Hansen of the Goddard Space Center said before a senate committee that he believed that the beginning of human influence on the warming of the globe Hansen stated that "global warming is now sufficiently large that we can ascribe with a high degree of confidence a cause and effect relationship to the greenhouse effect." To support of his conclusions, Hansen declared that 1988 would be the warmest year on record, barring any "remarkable and improbable" cooling. As it happened to be a very warm winter before and a hot summer these conclusions were lapped up by the press and populous.
The common school of thought which you will hear if you ask "What is global warming?" is "the the world is warming due to Carbon Emissions in the atmosphere." Note the lack of any note that it is a theory, note also the blanket nature of this statement, certainly not in any way a tangible measuring stick, not scientific discussion on the theory itself (and its glaring deficiencies). When I thought about this fact it was a bit disturbing; science should be taken on fact and data; not blanket statements. Further yet if you follow it up with what is the most prevalent greenhouse gas? you will probably hear CO2. Which it is not. But that is only the first of the misconceptions.
In my opinion there is not nearly enough material out there that properly challenges or stimulates society enough the the complexities of global climate change. Because the fact is we know very little; and what we do know seems scarily misplaced in many ways. I'll leave these two tidbits; If global warming is considered a worldwide phenomenon, then all places on the globe should detect a rise in temperature; in fact there are places where temperature has risen over 200 years; less than 50 miles from places that show no temperature rise in 200 years. (Example here is NYC and West Point) Then is the warming due to the concrete jungle and population increasing warming the localized area rather than a global phenomenon? Second the favored fear tactic is that Antarctica is melting; the truth is the continent has been in a melting trend for 6000 years; in fact the larger part of Antarctica has actually shown a DECREASE in snow pack melt over the past 40 years. Again I think the public deserves to hear the full story.
What do you think?
Monday, June 15, 2009
The Blog Returns!
This weeks topic; the greatest lie ever told: aka 'Global Warming'
I read the book "State of Fear" by Michael Crichton during my vacation, and if you think you know what global warming is and know it to be categorically scientific fact and follow Al Gore in predicting that the world is coming to an end; well you just need to read this book. Read it now.
For me I had always assumed that global warming was real, I BELIEVED in it; its touted EVERYWHERE the media has embraced it as a truth and uses it so often it is commonplace. 'Scientists' I use the term lightly are pulled in to speak on the great terrors of global warming; I question them over the aftwerward in the book. Everyone, and thats me included I guess has an agenda. Look at what these people have based their research on- and then see if they find it. The only true and truly unbiased research is in Dave's favorite field; pharmacudicals and medical processes. Why? because these experiments are double blinds meaning the people actually administering the tests don't know what they are looking for. (Its really the only safe way of validating a drug or processes effectiveness, during a clinical trial) Fast forward- scientists touting global warming and doomsday scenarios are 'researching' themselves and basically know what outcome they want to support their thesis or theories. If their 'research' or theories look 'true' according to their 'data' they get a post on a TV news show and get to sell a book or go after a company for damages due to global warming on the environment. And our society grants them that power with open arms; because we are a society that loves to fear, and loves to profit from it.
In fact it is frightening that it somehow has become a universal truth 'everyone' from adults to children 'know' what global warming is. The sad truth is that I would think less than 1 in a thousand know anything substantial, and the so called 'facts' and 'graphs' and 'evidence' are so manufactured that its not even close to being grounds for anything; much less a global catastrophe.
During this week I will present some actual facts, and hopefully open a mind or two. This book changed my thinking to the degree I am almost angry about it. I really think it should be mandatory for people. Its not fair that we only see what the media wants us to.
Friday, May 29, 2009
NK on the move
I would beg to differ, but maybe I'm just a little nervous about a nut with a nuke, who happens to be shooting off missiles seemingly every day.
Actually for the first time I think that North Korea has it figured out. I've always watched them with some amusement much as the rest of the class watches the class clown, never really seriously but you have to watch- its like must see tv. Going back to 7th grade when the country I was to 'sell' to world at a mock trade show was...... North Korea. Now we actually did a pretty good job (me and two others) in fact we actually got some 'investors' students reperesenting companies to 'invest in us. I'm pretty sure it was Pepsico. We got a bronze level investment from them- but we did get a high praise from our teacher as we pitched the whole, "Well we're a communist nation run by a crazy family, but we have a big popluation ready to work (because they are starving) and we got a whole lot of natural resources with no way to get em out. I distinctly remember this beacuse NK actually has a very large natural supply of tungsten; so we worked really hard to get GE and Philips to 'invest' with us.
Anyway for the first time North Korea is just like screw it; they shoved all the chips to the center and basically are calling our bluff that the UN won't do anything- or will be too slow to act. I think that they realize that any act of aggretion will not be met well- however, they could be betting that the US doesn't have the manpower to do anything about it, and so they think that by threatening they can get more than obeying UN demands. Its an interesting power play move.
I however would call it a crisis.
Friday, May 22, 2009
Good news!
In other news I played golf last night, and while I hate to make excuses last night was one of the most frustrating rounds I have played in the last oh 5,6 years.... yeah that bad. There are rounds where you just are not hitting the ball well; but scoring decently, and then there was last night.
Now I don't pretend to be a great putter, but I think I'm pretty decent; however yesterday on the putting green I had no feel at all, and that should have been a precourser of what was to come. It was fast, like putting on concrete fast. First hole, on in regulation on the first hole I four putted. I don't know the last time I four putted a green. It wasn't anytime recently (like once in the past 5 years?) Ok shake it off, next hole 10 footer uphill slight left to right breaker, for birdie; and I choke it, and three put. Next hole three put, you get the idea. In fact the only potential bright spot came on the 490 yd par 5 uphill. I hit a drive which cought the cartpath and rolled to a point where I was 190 to the center of the green. I hit a 5 iron within 5 yards of the green chipped up to 8 ft. The putt rolled over the edge of the cup almost a third, then stopped and rolled a foot and half back down from the cup. Thankfully I made par else my putter might have been in pieces out on the green. It was just rough. I was on in regulation over 9 holes 6 times; 1 par. That is just atrocious.
Then I got pulled over on the way home. It was just a fantastic afternoon =P
Wednesday, May 20, 2009
Why mutual funds are robbing you
Why? well its in the Options. Again disclaimer this is NOT a financial workshop and I offer no advice which you should follow... BUT.... but your money should be working harder than it is. A primer, what is an Option? Quite simply it is an option to buy stock. Ok, doesn't everyone have an option/right to buy stock? Well of course. But an option is a vehicle to control stock for pennies on the dollar, thus you have tremendous leverage, and risk. BUT with proper management you can get serious money without that risk. That is by selling covered calls. Covered calls are done by offering for sale the stock that you own (in blocks of 100 shares). By selling out-of-the-money calls (the strike price, ie the price you will sell the stock at, has not been reached yet) you (the stock holder) can net a tidy monthly dividend.
Here's an example, I own a stock ANR I own a few hundred shares.
Today I can sell (per 100 shares I own) someone the right to purchase my shares for 32.50 (current price is ~$29) for 1.3 a share (or $130 per the 100) So I am covered on the downside share depreciation by 5% or (and better) the share price goes up (but less than 32.5) and I pocket the $130. Plus should the price go above 32.50 I am happy to sell my shares at 12% gain PLUS the $130. Seems like a win win. And I can do this every month. Comfortably I pull in a couple hundred a month with a teeny portfolio. Surprised? me too, it takes a little time every month, but so? its more than I make hourly at my job.
So whats the point? A broker managing an entire account of a 401K has thousands on thousands of shares to do this to. Selling covered calls wisely could easily net that person millions a year. And again if the stock sells its not his money covering the comissions. I think that some clarity into this could benifit those with accounts. If nothing else we should be able to have the option to pursue this to benifit our own retirement accounts.
Tuesday, May 19, 2009
To lose only as the Mets could...
Now we get to the top of the 11th, Ryan-my coach hates me- Church. Already in the doghouse Church rounds third and heads home safely. Oh wait an appeal to third..... and hes out! He missed third base. Now whether or not he did or did not touch third is less the issue than NOBODY complained about it! I'm sorry if I'm the manager or the player I am going to argue until I'm thrown out of the game and then argue some more. But no, they just kinda sat in stunned silence.
The wheels are kind of falling off; Reyes hurt, Cora DL, Delgado DL, interclub squabbles... they need to pull it together and quickly, otherwise this roadtrip which started so promising could end up a disaster.
Monday, May 18, 2009
Blog maken!

A picture! Haven't had one of these in a while. Just a glimpse into the world where you work for a Dutch company. All the computers have Dutch internet tags. So you have to get familiar with certain Dutch phrases and comments. To be fair some of their advertisements are just as annoying as ours; the blinking fire engine red 'Klik Her' on a white background is good for the constant annoyance. Also every week I have to log into the Dutch blogger page (log in is apparently aanmelden) So for you out there who wondering how I got around or learned anything while over in Holland take a peek at the page and see if you can't figure some stuff out. According to people who study such things the only thing closer to English is Dutch (followed by the English that English people speak)
That and you can always walk into a bar and order a bier, (pronounced beer) which is good.
Friday, May 15, 2009
... It wasn't me- I was dead at the time
Getting back to Botox, I mean Nancy Pelosi, I would like to see them call your bluff on releasing the memos. I don't think that the security of the nation would be compromised so they could prove you a liar, so I think you played that well, but I am surprised that you think the majority of the populous is that naive. Personally for these high ranking terrorists, if they know something I would hope that everything would be done to try and get that information out; that's not a stretch. While I would have a problem torturing some brainwashed Taliban grunt, if you know this guy is a high ranking member of the Taliban I would hope you didn't bring him breakfast in bed and then ask where Osama is. It just doesn't fit the profile. I think many of these guys want to die to be 'martyred' so the only thing they fear is NOT dying- or not dying in a way befitting of them. As I said I don't want to know; but I do want those people doing these things for the betterment of us that they have the support of the US, otherwise its just not going to work. Just because you can't say you follow the Obama 10 commandments its really ok- just have a backbone and admit it. Even the Great One has already rescinded his abolishment of the military tribunals for 'enemy combatants. That lasted what? Four months?
You know what they say: Before you judge someone walk a mile in their shoes- so then you can better see how they feel; and you have their shoes.
Tuesday, May 12, 2009
.... and the streak ends
In other news we had a company softball game last night; the team played really well; until the 7th inning when we decided to blow a 2 run lead by allowing the other team to hit for 10 runs in the inning. So what was a 9-7 lead for us turned quickly to a 17-9 deficit. Still the team made a good effort, we loaded the bases with nobody out, had a FC grounder to third which they got the out at home. I singled in 2, behind me doubled, I went first to third, then home when they threw in to second. The throw got away behind the catcher and we had a man on third. A sac fly got in that run. We got a couple more hits and got the tying run to the plate, but that was as close as it got. It ended 17-14. Overall, though it was a good game, I thought the team played pretty well minus that inning and showed some tenacity trying to fight back in the end. For those keeping score I was 3/4 (the fourth was a fading liner that pushed through the LF's glove-it was moving and went for a 3 bagger, it was scored an E-7; I dissagree, if it was just a drop I shouldn't have even gotten to second) 1 2b, 2 singles, 3rbi, 3 run scored.
Monday, May 11, 2009
Mets on a Roll
Anyway today the Mets find themselves looking down at everyone else in the division; which is great news having almost had them written off a week and a half ago. Lets see if they can keep it going.
In other news I am becoming increasingly frustrated with my fantasy baseball team, yes I am in second place, but the gap between first and second is widening, and I can't recover the gap just on my own, but the rest of the league seems unwilling or unable to help out. Plus I desperately need a closer, as I'm down to one.
Thursday, May 7, 2009
Marketing for Dummies
Now picture me marketing genius that I am; I combine some pills together so I bring you Astapee, for people with asthma when their bladder is full.
Or CholestAstaleg for high cholesterol asthma and restless leg syndrome. You could throw some anti depressants in too for good measure- Zolofcholestasteleg
Side effects will include all the side effects of all pills which pretty much includes everything awful including dry mouth, exploding spleens, heart attack, stroke, and death. Don't worry though just call your doctor.
Wednesday, May 6, 2009
The ESPN effect
To be fair ESPN changed the landscape of sports; if I were a bigger ESPN fan I might go so far as saying that much of the million dollar sponsorships and salaries can be directly related to ESPN for broadcasting the players and the teams that otherwise the local markets had never even heard of. SportsCenter reinvented the way sports was portrayed on the news, instead of a few snippets of the local teams a whole hour was dedicated to sports around the nation, it was a movement and really moved cable into the necessity of the sports fan.
The problem was that ESPN realized that their best course would be to 'befriend' the athletes- have them in commercials, give them soft interviews, pretend to be their friend. Then the superstars would come back for interviews or to be in commercials, and ESPN had 'stories' and 'exclusives.' All of which were just a forum, a publicity stunt, and a moneymaker for both sides. And it worked. Athletes got rich, ESPN made money hand over fist, and the public lost out on what could have been (in several memorable occasions) chances to turn sports news into real news- and chose to look the other way to maintain their 'chummy' status with the athletes and unions that represent them.
Now this has spilled over into all quarters of the news; politics, entertainment; mostly because there are sooooooo many outlets now; you need to keep the friends you have (that's money in advertising and interest to the source)- especially if they are big interviews so NO ONE asks tough questions except those 'paparazzi' or independent journalists who ask obnoxious questions as the person in question is walking down a street or into a car- and they never get answers anyway. That is a sad state of affairs.
Friday, May 1, 2009
Speaking out; its a good thing
"What he meant to say," Gibbs claimed "if somebody is exhibiting symptoms of being sick . . . then they should take all necessary precautions."
"Obviously, if anybody was unduly alarmed for whatever reason, we would apologize for that."
Allow me a little history lesson here is the VPotus actual quote:
"I would not be, at this point -- if they had another way of transportation -- suggesting they ride the subway,"
"I would tell members of my family -- and I have -- that I wouldn't go anywhere in confined spaces right now. It's not just going to Mexico. If you're in a confined aircraft and one person sneezes, it goes all through the aircraft."
Now people are not fools I can read too, those are not nearly even remotely close. To be fair its cannot be easy being the Press Sec, you are constantly on clean-up for gaffs and misquotes, but c'mon now. Thankfully, (and restoring my faith in SOME reporters) ABC news correspondent Jake Tapper had this response for Gibbs,
"With all due respect, I sympathize with you trying to explain the vice president's comments, but that's not even remotely close to what he said. He was asked about if a member of his family..."
GIBBS: Look, I understand what he said, and I'm telling you what he meant to say, which was that... (LAUGHTER BY REPORTERS) ... if somebody is experiencing symptoms -- you heard the president say this last night -- If somebody is feeling sick, if somebody is exhibiting symptoms of being sick, then they should take all necessary precautions. Obviously, if anybody was unduly alarmed for whatever reason, we -- we would apologize for that. And I hope that my remarks and remarks of people at CDC and Secretary Napolitano have appropriately cleared up what he meant to say.
And so my person of the week is Jake Tapper for not being afraid to ask a tough question, and better yet being able to cut through the bs that has become so much a part of reporting these days. Thank you Sir for supporting the principles of the free and independent press.
Monday I will discuss why I think there is so much fluff in reporting now.
Thursday, April 30, 2009
The 'Gotcha' question
However, to me the worst part of the interview was the fact that Lauer had to preface the question. What? Has the media become so ingrained into politics/money/etc that they can't even conduct an interview? Isn't the point of an interview to get some information that otherwise might not have been said or asked. Politicians can schedule a press conference to say whatever they want all the time- its only the stuff they don't want to admit or don't want to talk about that the average person wants to find out. Shame on Lauer for bending to that pressure and not having the reporting gumption to ask the hard questions and not apologize for them. That's his job- not pushing policies through fluffball questions. Whatever credibility NBC news pretends to have is rapidly disappearing with this cast of characters. Reporters report- they aren't supposed to be a puppet to politics.
Wednesday, April 29, 2009
Fore!
Speaking of frustrating it was great night in NY sports. The Rangers were eliminated, the Mets lost (again) - they get close to .500 then just lose. Its just what they do. But the prize goes to the Devils. Up by 1 with less than 2 minutes to go, they first give up the tying goal with a 1min 30 left, then let in the winning goal with 46 seconds left. How is that possible? How could they just fall asleep like that? A game seven, two minutes and the lead; and not even make it to OT? Wow....
Thursday, April 23, 2009
Golf League!
Mets lost again last night, the team just has no heart, that and they can't score a run to save their lives...
Wednesday, April 22, 2009
When information is too much
Tuesday, April 21, 2009
Baseball Update

My Mets continue to disappoint scoring zero runs and relying too heavily on pitching, which thank goodness they have been getting some, but still, get a hit with men on people please. The whole team swings for the fences anytime they need a single; so frustrating. Also David Wright learn to do an interview, you say the same thing every time, get angry for once call some people out- that's you job as a leader of the team. I am so sick of every time I hear him "We hit the ball well today, we just couldn't get the big hit to drive in runs." No kidding. How bout this instead; we need to look to get the hits that drive in runs, we need to manufacture runs, we can't be looking to go yard every time up. Tatis needs to bunt 1st and 2nd nobody out in the 7th no excuses. Something like that. Its very hard to swallow that the team is doing almost everything right when they win only half their games.
Friday, April 17, 2009
The News debate continues
So after questioning CNN's reporting on NOT following the tea-parties the other day Yahoo's front page is the above article. In which it claims during the final hours it (CNN) was actively trying to recruit people to its Twitter site during the broadcast!?!?!?!?!??!?!?!? I hope this was mostly done in jest and fun- but really? This is more news than citizens voicing their opinions on a pretty major issue? I have my doubts. I don't have Twitter, and to be fair I don't care to know about it. I get enough updates that hardly affect my life on facebook, I don't need them on my phone too. And I really don't care what Ashton Kutcher is doing daily either so the whole thing is just odd to me. I just don't see how this is news. Anyone with me on this?
Also in a follow-up to the wide gap (chasm?) between the far left media CNBC, the left CNN and the right FOX has ironically left the middle point far from any of them but in the middle. (Oh and I don't buy the 'Oh I only get my news from the BBC, they have no agenda.' BS... they are owned by a Saudi sheik, that's why their reports seem tempered (particularly related to Muslim/Middle Eastern relations) but harsh on other governments.) Anyway my personal opinion is the only well informed person is the one that takes from each and formulates their own opinion, its math; average the sources and you have probably the most accurate data from which to base an opinion. That too could be why the networks have taken such dramatic views; its a matter of survival. There is so much info on the Internet now, people have access to information that the evening news was once the sole provider of. That's why its really not news on the so-called news channels anymore- its entertainment.
Thursday, April 16, 2009
Two Tea Party Takes
I watched with some amusement yesterday as the 'Tea Parties' were run all over the country yesterday on tax day- did you pay yours?; Or if you are in the Obama cabinet just another day not too =P. Sorry its too easy- but seriously it was good to see that the President was paying his taxes- all told over 800k, must be nice.
To the tea, as the article mentioned the disparity in the coverage was stark, which is sad because this was 'news' I mean it actually was something real- spread out over a whole bunch of cities certainly more important than the majority of the 'news' out there. I thought it was exciting that people were motivated enough to do something, and voice opinions. And that's good, that's the core fundamental belief of our society. And I agree that I think the spending is out of control; again I'm not naive to the point that I think the better solution is to do nothing, but the precedent has been set; there are haves and have nots. Banks are haves, automakers are have nots (they were almost have's), Fannie Mae is a have, AIG- huge have, corner bakery is a have not. The average worker sees this and senses its unfair but has no outlet so they go to this tea-party. So that is news and it should be covered- and not mocked like the article says the anchors did on several networks. That's just juvenile. And Olberman is just a clown anyway- he can be funny- that's why hes still maintaining a job, but to call him a journalist is an insult to journalists everywhere. Just because they have a pulpit doesn't give them the right to abuse it; and that goes both ways. Now there are two schools of thought in the article, the fact that Fox overhyped it- to the point where several of its point people were 'on site' that to is too much. If the 'show' has a bias ala Olberman or Hannity- they should be allowed to say whatever they want really- they are PAID for their opinions and entertainment value. But the disparity really shows how far left and right the news organisations have become, and that is the more unfortunate part. Its when it broaches into 'news' this was news, now show us the dog that survived falling over Niagara falls.....
Wednesday, April 15, 2009
Ron Paul takes on Pirates
Personally I think its a great idea- albeit one that could quite easily get out of control. Lets not forget Captain Kidd was once a paid captain in her majesty's navy- as a privateer. Until he found (through not finding pirates) that attacking traders paid better. On the other side I'm sure the bounties for pirate hunting could be decent and companies like the former Blackwater group (I think they are now XE?) have plenty of mercenaries who would have fun chasing pirates around. If nothing else it would limit the use of the US Navy who deserve better than floating around without proper authority to attack the pirates due to idiotic laws and restrictions. The press has been having fun saying the pirates have 'challenged the US Navy' and created a 'standstill'- no that would not be the pirates that would be the UN, EU, and international court who are severely lacking proper laws regarding chasing piracy.
Tuesday, April 14, 2009
Blog vs Baseball
Thursday, April 9, 2009
When Work Gets Rough
Its also a bit like the game 'telephone.' Do you remember? Someone starts and whispers into the person next to them, their ear and so on. The last person then says what they interpreted it to be, often to a humorous result. (Madagascar II) had a great part with telephone. (It was also a great movie so you should see it if you haven't) Anyway the short end is that people only hear what they want to hear, so in my case a seemingly innocent observation got hideously blown out of proportion to the point like a vice president of engineering heard about it and chaos follows. IE Not good.
Sorry this was a crummy blog, I'm still not in a great mood. =P
PS I am 3rd in my two fantasy baseball leagues!
Monday, April 6, 2009
Baseball is Back!
Thursday, April 2, 2009
How is this Possible?
Short story in my opinion is then if we haven't already driven the truck off the financial cliff already with the bailouts and wars, then Government regulated healthcare surely is the death knell. I have yet to see a model where it truly works. But I don't have a better solution either so don't bother asking.
Wednesday, April 1, 2009
Why the Blog has been silent
April Fools
Thursday, March 26, 2009
A reporter gets personal
In other news GO UCONN tonight!
Wednesday, March 18, 2009
Stock Market Woes
Tuesday, March 17, 2009
Some more educated people than I speak on 1098
STATEMENT OF JOHN GARVEY
BEFORE THE CONNECTICUT JUDICIARY COMMITTEE
ON RAISED BILL 1098
MARCH 11, 2009
Members of the Judiciary Committee:
Thank you very much for allowing me to say a few words about Raised Bill 1098. My name is John Garvey. I am the Dean of Boston College Law School, and the immediate Past President of the Association of American Law Schools. I am the author of RELIGION AND THE CONSTITUTION (Aspen, 2d. ed. 2006), the leading textbook on the subject of law and religion. It has been adopted at law schools across the country.
Raised Bill 1098 is intended to "revise the corporate governance provisions applicable to the Roman Catholic Church." Under existing law parishes are incorporated and have five members – the bishop, the vicar general, the pastor, and two lay people appointed annually by the clerical members.1 The corporation "shall at all times be subject to the general laws and discipline of the Roman Catholic Church . . . ."2 Under the proposed law parish corporations would be governed by a board of directors with 7-13 lay members elected from the congregation. The bishop, though an ex officio member of the board, would have no right to vote. The pastor of the church would report to the board of directors "with respect to administrative and financial matters." These would include "strategic plans and capital projects," "outreach programs and other services . . . provided to the community."3
Let me begin my remarks with a history lesson. The first amendment to the United States Constitution begins with the statement, "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof." Though there is disagreement about the outer edges of this prohibition, everyone agrees that it was intended to forbid the creation of an established church at the federal level. When the fourteenth amendment was adopted, the same rule was applied to the states.4 The British have an established church, the Church of England. Its head is Queen Elizabeth. She appoints bishops and archbishops, on the advice of the Prime Minister. Its assets are managed by the Church Commissioners, a group that answers to Parliament, and that includes among its members the Prime Minister, the Lord
1 Conn. Gen. Stat. Ann. § 33-279.
2 Conn. Gen. Stat. Ann. § 33.281.
3 Raised Bill No. 1098, § 1(e)-(f).
4 Everson v. Board of Education, 330 U.S. 1 (1947).
Chancellor, the Home Secretary, the Speaker of the House, and a few other government officials. This is what it means to have an established church – not just that the government contributes taxes to support it, but that the government controls its personnel and property. In America we chose instead to protect religious liberty and to forbid religious establishments.
5 Section 1(h) of the bill proposes to leave with the bishop and the pastor their rights "in matters pertaining exclusively to religious tenets and practices" (emphasis added).
6 See, for example, the Catechism of the Catholic Church ¶¶ 880, 894-895 (1994). And compare this view with Normal H. Maring and Winthrop S. Hudson, A Baptist Manual of Polity and Practice chs. 3-5 (rev. ed. 1991).
Raised Bill 1098 would like to improve the corporate governance of the Roman Catholic Church. If I may speak colloquially, what it tries to do is make the Church more "democratic." It takes control of the parish corporation away from the clergy (the bishop, the vicar general, and the pastor) and gives it to the congregation. The pastor would report to a board chosen from the congregation on matters concerning the parish’s "plans," "programs," and "services."5 This is a form of church government we find congenial in New England. The Puritans who settled in Connecticut adopted it in their churches, which today we call Congregational. It is the prevailing form of governance in Baptist churches and Disciples of Christ. At the Last Judgment we may learn whether it is the arrangement Jesus preferred for his followers.
Right now, though, that is a matter that divides Christian churches. Catholics, Episcopalians, the Russian Orthodox Church, Mormons, and some Lutheran churches are organized in a hierarchical fashion, with bishops and priests exercising authority other church members don’t have. This form of organization derives from theological beliefs – understandings of how God speaks about the Church in the gospels and Christian tradition.6 The bill you are considering would like to make the Catholic Church less hierarchical and more congregational. If Connecticut had an established church you could do this. When Oliver Cromwell was Lord Protector he undertook to make the Church of England more congregational. In America, though, this kind of action has been unconstitutional since the dawn of the republic.
This is not a controversial point. In the last century no member of the Supreme Court was more admired for his progressive views than Justice Brennan. Here is what he said about this issue in 1976. The case involved the American branch of the Serbian Orthodox Church, headquartered in Yugoslavia. In 1963 the Mother Church defrocked the American bishop (Milivojevich) and split the American diocese in three parts. Some American church members were unhappy with this, because they feared that Tito’s communist government had infected the Mother Church. Milivojevich resisted the order, saying, "I do not recognize this communist decision from
2
7 John T. Noonan, The Believer and the Powers That Are 326 (1987).
8 Serbian Eastern Orthodox Diocese v. Milivojevich, 426 U.S. 696, 721-722 (1976).
9 See Episcopal Church Cases, 198 P.3rd 66 (Cal. 2009).
10 Conn. Gen. Stat. Ann. § 33-264a (2005).
11 Id. § 33-264c.
12 Id. § 33-265.
Belgrade."7 The Illinois Supreme Court sided with Milivojevich. The Supreme Court reversed. Here is what Justice Brennan said:8
the reorganization of the Diocese involves a matter of internal church government, an issue at the core of ecclesiastical affairs[. The] Mother Church constitution commit[s] such questions [to the leaders of the Church]. Kedroff v. St. Nicholas Cathedral, 344 U.S. 94, 116 (1952), stated that religious freedom encompasses the "power [of religious bodies] to decide for themselves, free from state interference, matters of church government as well as those of faith and doctrine."
It does not matter, as some have suggested, that Connecticut’s bill was drafted at the behest of unhappy Catholic parishoners. In any large organization there will be disgruntled members. Some members of the Serbian Orthodox Church were unhappy with the hierarchy in Milivojevich. Some Episcopalians are unhappy with their hierarchy for ordaining a gay man as bishop of New Hampshire.9 It is not the prerogative of the government to provide relief for these unhappy members by giving them control of their church, its personnel, or its property.
Raised Bill 1098 is unconstitutional, then, because it violates the first amendment rule that the legislature cannot dictate the structure of church government.
The bill is unconstitutional for a second reason as well. This amendment, taking control of the church corporation away from the clergy and giving it to the congregation, applies only to the Catholic Church. The general rule for forming religious corporations in Connecticut is stated at the beginning of Title 33, Chapter 598 of the General Statutes: "Three or more persons uniting for public worship may form a [religious] corporation[.]"10 The corporation decides for itself what "provisions relative to its membership, affairs and government" it wants to adopt.11 Part II of the Chapter has provisions designed to fit the particular needs of several large denominations, though it is important to understand that these are accommodations, not legislative improvements on the churches’ own structures. Ecclesiastical societies in communion with the Episcopal Church are denominated "parishes" (as that Church calls them).12 And
[t]he manner of conducting the parish, the qualifications for membership of the parish . . . , the numbers of the officers of the parish, their powers and
3
13 Id. § 33-268.
14 Id. § 33-277.
15 Code of Canon Law, cans. 515, 532, 537, 1256.
16 456 U.S. 228, 254 (1982).
17 Id. at 244-245.
duties and the manner of their appointment . . . shall be such as are provided and prescribed by the constiitution, canons and regulations of said Protestant Episcopal Church in this state.
Methodists and Lutherans are given the same flexibility. "The trustees of each Methodist Church shall be elected . . . in such . . . manner as the discipline of the Methodist Church may prescribe."13 "The trustees of each Augustana Evangelical Lutheran congregation shall be elected by the ballot of such electors as are by the rules and regulations of such congregations competent to vote for trustees . . . ."14 Catholics are given the same kind of accommodation by the existing § 33-279. It locates control of parish corporations (as does the Code of Canon Law15) in the bishop, the vicar-general, and the pastor. The two lay members are appointed annually by the ecclesiastical members. Raised Bill 1098 dictates for Catholics alone that the religious corporation must be governed by a board of directors of 7-13 members elected from the congregation, and that the pastor must report to the board.
This resembles the amendment Minnesota passed to its charitable solicitation statute in 1978. That law subjected churches who got more than 50% of their contributions from nonmembers to registration and reporting requirements. Justice Brennan, writing again for the Court in Larson v. Valente, made this interesting observation:16
The legislative history discloses that [an earlier draft] would bring a Roman Catholic Archdiocese within the Act, that the legislators did not want the amendment to have that effect, and that an amendment deleting the [offending] clause was passed in committee for the sole purpose of exempting the Archdiocese from the provisions of the Act. On the other hand, there were certain religious organizations [the Moonies] that the legislators did not want to exempt from the Act.
This lack of neutrality was fatal. "The clearest command of the Establishment Clause," Justice Brennan said, "is that one religious denomination cannot be officially preferred over another. . . . This constitutional prohibition of denominational preferences is [also] inextricably connected with the continuing vitality of the Free Exercise Clause."17
It makes no difference that the Connecticut bill discriminates against Catholics rather than members of the Unification Church. It may be that in the current political climate, bishops in the Catholic Church are an easier target than the Reverend Moon. But whether that is true or not, the
4 5
constitutional rule of denominational neutrality applies to all churches large and small.
I appreciate the opportunity to speak about this bill. I am sorry to say that I think it is very ill considered. Rarely have I seen a proposal advanced at this level of government that is so plainly unconstitutional.
