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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (665)	2/12/2014 9:28:12 AM
From: Paxb2u	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 27147

I wonder why both sides use one extreme or the other when the truth is some where in between?----Peace

To: Jerome who wrote (665)	2/12/2014 9:39:48 AM
From: Kirk ©	Read Replies (1) \| Respond to of 27147

Thanks for the stock picks and the perspective from "rural America (upper midwest.)" My biggest winner last year on a percentage basis (up 232%) was a little, high risk biotech, NNVC. Anything that goes up that fast will certainly have some volatility. Yesterday an anonymous author got his very first article published trashing the stock using some alleged false information and discredited reports. I suggested it might be a paid hit piece to help get the price down for some to accumulate shares (in addition to the obvious, someone could be caught naked short or had a synthetic short position hoping for a quick profit with a paid piece of trash). Long story short, my last sell was over $7 and I've been using weakness to accumulate more shares including yesterday with a buy at $3.16. Today in the premarket it is $3.66 so I might have gotten lucky with an "Auto Buy" limit order down near a major gap. Back to wealth inequality and politics. I worry about it as the solution will affect how people invest and what investments will do well in the future. I am especially worried/interested in what it does for some major names like Google, Facebook and Apple that run busses from SF to their offices here in the Silicon Valley. I see these busses while driving to windsurf and I thought they were a good thing and a nice perk as the workers can work while traveling with the wifi and it keeps a lot of cars off the already gridlocked highways and city streets. The folks in SF don't feel this way. Their rent controlled apartments are being sold and converted to condominiums where they city gets much higher property tax revenue and residents adding to the tax base rather than taking resources. The renters get evicted and can't find housing without doubling their rent. Some leave SF then commute by BART only to have the BART workers strike to keep their high wages and great benefits while the riders (who work in the hotels and restaurants) make half the salary and don't get a retirement plan. Many of us that already live here don't like all the conversions of open space or single story buildings to 3 and 4 story view blocking buildings to house the new folks with great jobs. It all helps force prices here much higher. I saw a breakfast bill from a local SF diner for $40 for what was basically bacon and eggs for two but with a fancy name. A young, gay couple with no kids and one working for BART and perhaps the other working for Apple has no trouble paying $40 for breakfast but those with a family who used to live in SF and cook or deliver the food to the table can't. I don't know what the solution is. I've done well investing in front of what the super successful will buy, especially my home, but the only way to cash in on that is leave the area or continue to work picking stocks for alpha and trading for added return. I've elected for #2 but it is hardly a semiretired lifestyle I thought I'd have with my current asset base back when interest rates were 5% for a CD in 2000.