Me Too, Lloyd. Me too.
My good friend Lloyd, or Mr. Flatwallet as he’s better known, announces he’s a convert to the church of DCA, and I’d like to raise my wine glass in toast.
Actually, I’d like to throw some toast and rice in celebration and pull the water gun out of my trench coat. (And dammit, turn the volume up on those computer speakers when you play the clips!!). I love the DCA thing man, I love it. If Jonathan Swift were here we’d be having potatoes for supper.
And I’m gonna see his challenge, and raise him. Beginning this afternoon, I started building what is to become the largest short position of my entire life. I’m not going to Get Rich or Blow Out Trying. I’m just gonna Blow Out, period.
Even with my modest little account, I should be able to leverage at least a few hundred grand worth of shorts using OTM Puts. Got the Qs and GE already. Next week, maybe more of the same, maybe some AAPL 130s. Whatcha think? Lets do this thing.
Quotes. I need quotes.
I’m tired,
tired of playing the game,
ain’t it a crying shame?
I’m so tired,
God dammit I’m tired!
(that’s Lilly Von Schtupp from Blazing Saddles)
When Marcell got up the tree to where the coon was,
He reached out with that sharp stick and he poked the coon.
But it wasn’t a coon.
It was a Lynx!
We could hear Marcell screamin’, “Haawww, somebody SHOOT this thing, HAAWWW!!”
Uncle Versie yelled, “Marcell, I can’t shoot up there, I might hit YOU!”
Marcell yelled back, “Well just shoot up in here amongst us. One of us has GOT to have some relief!
(that’s Jerry Clower from an 8-track in the early 70s)
Oh yeah, and let’s not leave out this one:
Well we shot the line and went for broke
With a thousand screaming trucks
And eleven long-haired friends of Jesus
In a chartreuse microbus
(C.W. McCall, Convoy)
It’s been a long, a long time coming, but I know a change gonna come, oh yes it will.
(That last one was a bonus)
LP said,
October 8, 2007 @ 8:07 am
Watch out…We may get lucky and hit the Suze Orman lotto…you never…I am ready to be fooled by randomness…it may work this time, though I’ve said it eveytime…as she says…who cares if the market goes up or down…just put your money in there…if prices go down…you can buy more shares for the same amount…
it will be like buying TVs….you buy a plasma when it first comes out, then buy it again when best buy drops its from $5K to $4.5K…then keep buying more till it gets to $1500. Not only will you have more TVs but imagine watching the same illicit dvd on 8 tvs at the same time…see DCA can be implemented in every facet of life
Will said,
October 8, 2007 @ 5:09 pm
Oh yeah. Definitely. I’m dollar-cost-averaging my puts right now!
“Same illicit dvd on 8 tvs at the same time” … LOL!!
LP said,
October 11, 2007 @ 7:50 pm
After today, I think you will be buying the beer. Love that DCA now. But in all seriousness, I’m still not sure if this market is headed for the pooper just yet. I let this play out and see if I get in on one of those nasty bear flags.
Will said,
October 11, 2007 @ 8:48 pm
Damned market won’t even let me blow up properly