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I’m back! (or I’m here!)

21 January 2008 943 views 3 Comments

Hey Everyone

Long time no post.

However, I do have an excuse!  I am now a married man living in North Carolina.  That’s right – I am an immigrant (of the legal variety) fresh from the shores of Australia.  These last 4 months have seen me shift country, change jobs (in a way), get married, acquire a dog and sit a fair number of “standardised tests”.  You will be pleased to note that according to one of those tests, I have an IQ of 140 (unlikely – but nice of them to say).

In the time I have been away, the market has continued on its merry way – seemingly ignoring my earlier posts that discussed the problems we were seeing in subprime and the consumer sectors.  In the last two weeks, it is as if the markets around the world suddenly woke up and realized that a recession was already here, and that it was unlikely to get better anytime soon.

I am sad to say that I exited my double short positions at a slight loss – I was whipsawed out of the market (I was about a month too early).  However, if you stayed long (…short) then you are laughing right now with some very large double digit gains.

I hope to have an article up soon that discusses some of the long term trends that I think, through listening to the punditry out there, are a good idea to invest in.

I am glad to be back.

Cheers,

Phil

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3 Comments »

  • Jason said:

    Hi, Phil. Welcome the USA. Congratulations on your marriage!

    And I guess congrats on that IQ. :)

    So are you a buying into the blood bath today? Or do you think we have a bit more to go? … Wait for things to settle before pulling triggers?

    I really envy folks who have a bunch of cash on hand right now. There are going to be a lot of buying opportunities. A strategy for 2008 is to buy all the stocks that worked in 2007
    (and aren’t tied to the banks). GRMN is going low again, GOOG is going low, all our favorites.

    Good luck.

    # 22 January 2008 at 9:25 am
  • Phil (author) said:

    Hey Jason – Thanks!

    I only have a small amount of cash on hand right now, enough to get me some starter positions in maybe 5 stocks. I didn’t buy in today or yesterday, but I am getting ready to pull the trigger.

    I am looking at long term trends in oil and silver and thinking that is where I am going to place my dollars.

    Cheers

    Phil

    # 23 January 2008 at 2:16 pm
  • Jason said:

    Interested in silver here too. Why hasn’t it gone up with other commodities? Let us know what you do.

    # 1 February 2008 at 12:46 pm