Tuesday, November 23, 2004

Wreckless Speculation

* Despite all my calm trading methodologies which serve me well, I can't help but let emotion get the best of me from time to time. Just call it what it is: Gambling. Or, maybe wreckless speculation. Sometimes it works. Sometimes (usually) it doesn't. With that in mind, pen me down for buys in Google and Tivo. Hopefully, it'll end up better than my last trip to the casino! Oh, and Citigroup. GOOG, TIVO, and C are the tickers.

* Why Google? Just Thanksgiving rally speculation. Snug stop loss if I'm wrong on it. Which, I could be. It's way up there in the stratosphere. I won't ride it down, holding and hoping.

* Why Tivo? They're getting blasted today after earnings, and I think they're better than that. Just anecdotal sightings. Comments from coworkers on how they want one. Etc. More hard disk size, DVD burning, etc. I dunno. Just a trade.

* Why C? Pullback, nice yield. This one closer to my trading rules than emotional greed taking over. We'll see. I'm more tempted to hold on to C for awhile than the others.

* None of the above is a recommendation. Either I'll look brilliant in hindsight; or, another documented example of why it's just best to buy the index and ignore the noise!

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