Monday, September 29, 2008

Quantum of Solace

On Black Monday markets worldwide collapsed by 20%, today we are down just about 9%. Not everything is bad in today's world see !!

In this week's OMG news: I finally managed to ride my first stock to $0.00. I had aggressively bought Wachovia bank-WB when it was part of the financial rally early last month, managing to make a killing as it moved from the 9s (bought a big chunk at 10.x) to the 20s. Even booked a big chunk of those profit, but still held onto a fair number of shares. And today it is at $1.84. Life is good. Oh and yes the market is a bitch.

Cuurently: On life tilt. And contemplating moving my whole equity-portfolio to my poker accounts. To put it in perspective, ROI in poker 35% (essentially it means that on an average everytime I play an online poker game I make $45, extrapolate that to well over several thousand games), ROI in stock (YTD): -13.5%. Did I say life tilt??

8 comments:

D. G. said...

Man, all the stocks are down. I just can't figure out whether we've hit bottom yet.

applicant said...

I remember earlier this year I was talking with a client about the stock market and wondered whether we are close to the bottom. He mentioned a phrase I will not easily forget - 'to catch a falling knife'...

OMGparishilton said...

@ d.g : well its an oscillating market that at the end of the day is stagnant, it will move down bounce, move back down rinse and repeat

@applicant: kind of

TienyChesney said...

OMG,

I was debating wearing my "Columbia blue" colored tie to the interview even though I had worn it to work the day before. I thought this might convey enthusiasm to the interviewer but at the same time, I didn't want her to think I was a super tool. I could've tried to be super impressive and go with the Yves Saint Laurent gold tie but didn't want to come off as a sterile, hyper-competitive, non-collaborative d-bag. So I wore a royal blue tie instead. It gave me the wholesome banker-next-door kinda look (especially when coupled with my American Psycho haircut).

I knew you were hungry for this info so I figured I'd give you a sneak peek to sate your thirst ;)

D. G. said...

This might be of interest to you:

Online Poker Cheating Scam Unraveled

http://techdirt.com/articles/20081001/0309502425.shtml

P said...

Well, maybe investing in the stock market may be a good idea today coz u might be able to pick out some cheap good stocks :). As the Warren Buffet saying goes "Be fearful when others are greedy and be greedy when others are fearful".

Cheers,
P

P.S: Do tell me if I'm being overly optimistic... heh

OMGparishilton said...

@tieny: I am disappointed, I thought you only wear hand-made ties. Sigh!

@dg: old news

@p: believe me I am heavily invested in the market

Jon said...

lol nice strategy. Where do you play poker online?