Well, I had my first Spam sandwich for lunch on Friday with tomatoes that had been carefully wrapped in pages of IBD just before the first killing frost of the fall.
You CAN try this at home, but I'd left too many wrapped too long, and had about a 40% loss rate. But they were green and virtually inedible when I picked them back in October, and bright tomato red Friday, so we are still counting our Y2k blessings. We are not giving our food away. We intend to consume it, perhaps leaving a one month reserve for bad snow storms etc.
We're planning to go with Granny Flats' Spam soup soon!
We do have a story in progress, however. I was completely out of the market from July 1998 to the October rally when I bought Munder Net Net Fund (it was new) and I had an idea that maybe there'd "still" be a play in the internet sector. Bought at 16 sold at 35. So much for my worm's eye view.
My biggest challenge was how to play the Y2K angle which I feared so much. I retained my gold stocks to which I had added in November, Bought 5 Dec 2000 Leap puts way below the market, bought 5 June100 calls on the AUX index AND sold some of my Echelon shares Dec 10 more on the 22nd and bought 5 Feb15 calls on the 22nd. Sold two at a substantial profit and recovered enough money to buy 25 Jan30 calls. This strategy stemmed from a long shot spec observation I'd made on futures options that roared when gold took off last October on the GPM thread. If the shares of ELON stay above 35 this plan will more than compensate me for all the misery trying to protect my family entailed.
I do believe in miracles. There is a silver lining.
I am so forward looking I even ordered 4 bottles of Echelon wine on Wine.com.
So my question (in my best Clint Eastwood)"Are you feeling lucky? Punk?" I hope so, but I confess to not sleeping too well. And there's Regis, "Do you wanna be a millionhairrr?" Well perhaps, depending upon the alternatives.
spam alert: Message 11920168
For those of you who feel jilted by the market, this message sums up the promise of Echelon quite succinctly. If you are not aware of it now, you will be. Then you too, can say, "Oh yeah, Bill Peavey, wasn't he the one who was pushing Echelon at 40?" I'm not exactly "giving it to you" as the brokers from Brooklyn Heights used to say 25 years ago, "Yeah, I tryda give i' to 'im a'fawhdy, but he wooden-lissen-a-me. ."
Well, I garontee you'll find the concept of the technology fascinating. And you WILL begin to see the name Echelon in the popular print media. Oh, that's (ELON:NASDAQ) in case i wasn't clear enough. Help the stock pop a little this week and you could really help me out here short term and us all long term. I am trying to make up for two years of market maladjusment in my portfolio all at once. (VBG)
Leaving the brazen, shameless self-serving advertizing role, and reverting to my usual modest self.
Have a good Sunday,
Bill, "an old man in need." |
