Archive for: March 2008

I’m very happy I was busy at work this morning.  FNM spiked up and then came back.  I might have pissed myself had I seen that it went all the way up to 34.59 for a minute.  I started watching …

Fannie Mae (FNM) has been rocketing up today.  It broke through the ceiling around 25 that was the 20 day moving average and a downward tilted trend line I drew.  I tried selling naked puts early in the day, but …

I’ve been tempted to sell new calls today, but haven’t.  My paper losses are certainly ugly today and luckily a lot of it is coming from a spike in the VIX.  Obviously I’m down on my underlying stocks and my …

How many of you realized that the DJIA finished up for the week ending March 14, 2008?  It’s amazing how quickly the glory day of a 400+ point gain can be washed away in our minds.  The S&P 500 dropped 5 points, …

With the chances of a quick recovery even farther away now, I sold some calls this morning.  I started with NYX since I still own 100 shares and then moved to FWLT which didn’t hold support at a couple of …

Last July, when I turned 36, I created a Goal page (see the chart at the bottom of this post).  My account balance was around $57,000 then.  I projected that I could get to $92,260 by the …

My mother-in-law is from Scotland.  They have a saying over there that popped to my mind when I saw HUM this morning, “For F*ck Sake!” 

It was down 20% on sympathy with Well Point’s news that they were lowering earning forecasts.  …

Barron’s had a really bearish article on Fannie Mae (FNM) in today’s paper (the one hits my driveway on Saturday morning) and sure enough the street agreed with their logic.  FNM opened the day down and kept going.  After closing at 22.77 on …