Great 1st Q. 2006
Whew, it was a busy day.
I told you yesterday that it will get hairy today.
Let me explain, but first, let's recap.
I am used to measuring my performance.
Always count your beans. You will never improve if you don't measure.
During the first three months of 06':
Dow 30: + 3.9%
SP500: + 3.7%
Nasdaq: + 6.0%
Acetrader: +20.2%
I am sure luck had a lot to do with this impress result.
If I were you, I would keep praying that Acetrader continue this trend.
Before I forget, I bought into SYMC at $16.7 today as per my last note.
Good thing that i didn't chase it. I played cool.
Our good friend Judd had asked me if Microsoft VISTA will hurt SYMC.
(VISTA will have internal security software embedded in the Windows).
BTW, what a smart question. He is definately thinking.
I do not claim to be an expert in the tech arena.
All I know is that there are very very smart investors who buy & sell with information you and I do not have. And the price tells me that we are OK. In the short term, VISTA was delayed releasing the Window until next year (good news for SYMC investors). I expect to be out of this stock near $20 level earning myself 20-30%. So, I do not particularly worry about the long term.
From my previous notes, you know that I am short ICE.
ICE went up to $73.14 today (bad) then fell to $67.32 (good for me) in about 15 minutes! That's a $5 movement. Oh, my. What a day. I am still short.
I think we have maybe few weeks left until the market becomes soft.
This summer does not look good for stocks. I hope I am wrong.
If you are holding an index like funds, try to move them to cash.
The future is in Asia. (EEM, EPP, EWY, FXI)
The future is in Tech. and Bio Tech. (PWO, IBB, PBE)
In the next ten years, that's where money will be made.
Remember that.
Short term, you need some Oil related coverage. (OIH)
You want to have some insurance just in case something happens in the Middle East.
As you know, I have OIH and BJS.
Have a great weekend.
I told you yesterday that it will get hairy today.
Let me explain, but first, let's recap.
I am used to measuring my performance.
Always count your beans. You will never improve if you don't measure.
During the first three months of 06':
Dow 30: + 3.9%
SP500: + 3.7%
Nasdaq: + 6.0%
Acetrader: +20.2%
I am sure luck had a lot to do with this impress result.
If I were you, I would keep praying that Acetrader continue this trend.
Before I forget, I bought into SYMC at $16.7 today as per my last note.
Good thing that i didn't chase it. I played cool.
Our good friend Judd had asked me if Microsoft VISTA will hurt SYMC.
(VISTA will have internal security software embedded in the Windows).
BTW, what a smart question. He is definately thinking.
I do not claim to be an expert in the tech arena.
All I know is that there are very very smart investors who buy & sell with information you and I do not have. And the price tells me that we are OK. In the short term, VISTA was delayed releasing the Window until next year (good news for SYMC investors). I expect to be out of this stock near $20 level earning myself 20-30%. So, I do not particularly worry about the long term.
From my previous notes, you know that I am short ICE.
ICE went up to $73.14 today (bad) then fell to $67.32 (good for me) in about 15 minutes! That's a $5 movement. Oh, my. What a day. I am still short.
I think we have maybe few weeks left until the market becomes soft.
This summer does not look good for stocks. I hope I am wrong.
If you are holding an index like funds, try to move them to cash.
The future is in Asia. (EEM, EPP, EWY, FXI)
The future is in Tech. and Bio Tech. (PWO, IBB, PBE)
In the next ten years, that's where money will be made.
Remember that.
Short term, you need some Oil related coverage. (OIH)
You want to have some insurance just in case something happens in the Middle East.
As you know, I have OIH and BJS.
Have a great weekend.
posted by Jaewoo | 5:06 PM
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