Luigi Gets a Ticket!

Daily News reporter Ronnie Polaneczky asked readers to tell their worst Philadelphia Parking Authority war stories, inviting readers to vote on the worst one.  The list has been whittled down to 5, & one of them is my friend Louis “Luigi” Borda. Luigi, author of the Andiamo! Luigi Gets Around children’s book series, was standing by the little red Fiat that has itself become a local celebrity–with 2 police officers– when he was issued a ticket (check out the story & vote here).

A geography teacher at Philly magnet school Masterman, Mr. Borda was outside the School District of Philadelphia protesting recent budget cuts when he was hit with the ticket, adding insult to injury. Gotta love Philly.


Those who follow the crowd are quickly lost in it. ~Anonymous


Love Note

The only thoughts that enter my mind

when I don’t know where we are

are of whores & roses.

-by ?


07.27 Notes to Self

I got ballsy today after I lost a bit long on LO, buying shares of NFLX, BIDU, SLV, & GLD.  I had become less concerned with finding a perfect entry for the metals (maybe a mistake; I will see).  I was up on all of them but 1 early in the afternoon, then everything took a downturn.

At some point over the past few days, I have forgotten to ACTIVELY protect profits (was only protecting POSITION–by not getting out: emotional). I didn’t pay attention to my rules, so I paid $ instead. I made myself sleepy watching AAPL’s performance, & also letting the noise sink in. “It may run above $500.” Of course it might; that doesn’t mean it won’t revisit $300 1st!!  Luckily, I am only down a small percentage–insignificant, yet meaningful.

Dumb thing is I was sure that AAPL, @ least, was setting up for a nice short. If I saw the short early, why didn’t I sell? (Ah; because I wasn’t I wasn’t protecting profits; nvmd). Laziness made me into something other than a day-trader, probably because I’d have to start paying more attention again; I paid $ instead.

Reconsidering all positions, including AAPL. Leaning towards holding metals; prefer GLD to SLV.


Invictus

Out of the night that covers me,
Black as the Pit from pole to pole,
I thank whatever gods may be
For my unconquerable soul.

In the fell clutch of circumstance
I have not winced nor cried aloud.
Under the bludgeonings of chance
My head is bloody, but unbowed.

Beyond this place of wrath & tears
Looms but the Horror of the shade,
& yet the menace of the years
Finds, & shall find, me unafraid.

It matters not how strait the gate,
How charged with punishments the scroll.
I am the master of my fate:
I am the captain of my soul.

~by Wm. Ernest Henley


2,000 Free M.I.T. Courses!

Apart from being a buzz term, the “information age” is REAL. For a decade (how have I not known about this?!), M.I.T. has been offering FREE courses that are not degree-granting or credit-bearing–but who cares?!  It’s MIT, it’s information, & I’m pretty sure that knowledge is still power. Check it out here & register for something already!

(This information comes to us from my good friend & mentor @NASDAQBEAR–well-known in certain circles for his sage wisdom)


Go Public!

When companies are looking to raise capital & expand, they will often have an initial public offering (IPO <example here>).  Without drawing out this analogy with all the benefits & disadvantages of such a decision, suffice it say that if you have something of value to offer over an extended period of time, this can be a very good move.

I have read many articles encouraging people to expand their web presence; my publicist chewed me out last week due to my under-exposure, & rightfully so (hence, this blog, for instance).  For the individual, “going public” means presenting as many opportunities as possible for people to invest time in you.  There are people on Twitter who could probably raise several thousand dollars at a time by offering a service or product to the people that they are exposed to, namely because of all the free help they provide on a daily basis.  There are people in every line of business presenting free information, entertainment, etc. that anyone can have access to, & their public appreciates this; that appreciation can work the same way a dollar can. When your money appreciates, it increases in value; when you are appreciated, you will increase in value.

Twitter, Facebook, & the rest can be fun ways of passing time, but if your accounts are unable to collect enough interest, they will not do you much good. Think about it–do your friends just come to you now & put money in your pocket for being sarcastic, cynical, & ridiculous all day? Do they pay you a dollar every time they read what you had for lunch, where you’re going, or whatever other random thing comes into your mind to tell the world? Probably not. Even if you are one of the more interesting more in your circle, you may be like a savings account that accrues more interest than with other banks, but still a relatively low amount of interest compared to all of your options (as with other more rewarding opportunities, however, the risk normally increases–but that is a topic for another post).