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July 2008 Archives

We who are about to die, Salute you...

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Tommorrow is the end of the game and the SLO Question of the Week is, "which penny stock are you gonna slam a million dollars on?"

...and if that ain't the Question, it should be...

I just wanted to thank a lot of you folks for your thoughts and theories regarding investing - it was a treat to hear untrammeled advice without some shylock attempting to take a percentage. Some earned me money, others didn't, but I could say that about all of my hairbrained picks as well.

In SLO1 I learned how to bet "against" as well as "for" stocks, folks like Vad and Jaudio, VikingWarrior, and Duffbeer, were generous with their opinion and that helped a lot of contestants. SLO2 was a different story, I learned never to presume anything - and constantly battled my own greed.

I see my performance as more like a 60% increase - meaning I got 10% ahead, 6 times - then got spanked harshly in between. It wasn't always fun, but like when Ma peeled your pants off as a kid, she sure enough drove that lesson home ... usually assisted by a belt.

Mr Market is no different, the lessons are expensive and the bruises are merit badges.

Finishing in positive territory suggests you are doing better than the Lion's share of the professionals - and the contest is ending without the cheering crowds and admirers, more like we're the last wino given the door when the bars closing...

It was great fun.

KB
http://singlebarbed.com