I am not a financial advisor but an individual investor trying to navigate my way through a difficult market. I have never worked for a financial institution and never will. In these posts, I am acting as an unpaid financial journalist and an occasional political commentator. I am also aggregating financial news stories that I view as important and providing readers of these posts with links to those articles, sort of a filtered, somewhat intelligent, free search engine. Any discussion made by me of particular securities is not a recommendation to buy or to sell. Trade at your own risk. Consult with your financial advisor prior to making any purchase or sale. I will try to identify my sales too but it may take a few minutes after I implement them to create a post explaining my reasons. The sale may before or after the post. Before buying or selling any stock, even one recommended by a trusted financial advisor, please research it and make up your own mind which is what I always try to do. Research would include reading reports, reviewing financial records, earnings estimates, sec filings and prior earnings releases and news. In this post, and all others by me, I am merely describing my reasons for purchasing or selling securities, and the potential pitfalls that I identified prior to purchase or the reasons for a sale. The securities mentioned in this and all posts written by me may not be suitable for others based on their unique financial position and risk profile. By way of example, it is unlikely that I will ever need the funds contained in my retirement accounts. Always read the prospectus before buying a Trust Certificate, bond, preferred stock or other bond or bond like investments. Information contained in my posts has been obtained from sources believed to be reliable but cannot be guaranteed. It is always important to follow the investment process. the investment process/links to further information on canadian energy or royalty trustsInvestment Process Part II: Bonds and Bond Like Investments NOT A RESEARCH SERVICE/Add of PWE Last Week These posts by me do not constitute investment advice, nor shall they be construed as a guarantee of future results, or as an offer of any transaction in securities. All content in these posts is provided for informational and entertainment purposes only, and it is a form of entertainment for me.
Friday, May 1, 2009
RB's Water and Land Story: PICO?/ Non-Confirmation Means Vix Does not Confirm a market Move
RB went on strike after waking up after lunch saying something like it was under appreciated and never given enough credit in the operation here at HQ. It is always all about LB. All LB ever does is interfere with RB making money. Sure, sometimes the nerd saves a few bucks with one of its stinking models, but that is about the sum of it. If LB wants to buy a stock today, then it can do it on its own, though RB thinks that the story behind the quest for land and water may be a fruitful area for research. The story, and RB can only conceptualize concepts into stories, is how the ancestors dissipated all of the hard work Joseph did after arriving in America in the 1600s through drink and gambling. That set off a search for cheap land and water by the ancestors in subsequent generations, first moving to Western Virginia, then Western North Carolina and finally into Middle Tennessee during the 1820s in search of cheaper land and water rights. RB Wants to Tell a Story/VZ/Posts on Tax Issues relating to Equity and Trust Preferred Stock and Deferral of Cumulative Preferred Dividends RB, never given its just due, points out that its St Joe purchase is up almost 60% since its "frolic and detour". Maybe LB will sink its teeth into PICO, for RB is going to start reading its book "A Whole New Mind: Why Right-Brainers Will Rule The Future"
Okay, LB will take a look.
In the Vix model as currently configured, and LB constantly plays with its toys, a non-confirmation event is one when the market's movement is not confirmed by the VIX. The market's upward trajectory in 1999 was a non-confirmation event.
LB puts this disclaimer in a lot of the posts. Since we know that some people are reading the blog, we took out part of a sentence.