Investment and Asset Protection Strategies, Political Rants, and General Tomfoolery
I have been investing and trading now for over 20 years. I started in my teens and was lucky enough to have instant success. Not to say every trade was all 'cookies and cream' but the early successes solidified the desire to increase my wealth through investment activities. I have invested in many asset classes, including commerical and residential real estate, commodities, stocks, bonds, options, and private placement. Due to my current international lifestyle, I have chosen to stick with things that don't require a physical presence (ie real estate) and sticking mainly to the equity, bond and commodity markets. If done properly, these markets destroy the concept of the EMT (efficient market theory) and create significant wealth for you and your family. In 2008 my portfolio was down just under 10% (down is bad, but better than almost every money manager that year), in 2009 my portfolio was up just over 100%.

Feel free to comment, disagree, or dispute anything. All non-spam replies will be posted. Happy trading.

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Monday, March 15, 2010

Bad news for BSX - Good news for me

Boston Scientific took a nosedive overnight. They are having a bad few months. See the news report here. I won't go into the details, you can read it on the link. But BSX has seemed to have reached rock bottom.

They are hated and the price is near all time lows as of today. The news today has created a massive sell off destroying the stock price. And all I can hear is ka-ching.

Today I sold August $7 put options for $.95. This is the kind of market anomaly I love. I look for stocks the world hates. But I generally sell put options and collect the premiums in lieu of buying the stock. I prefer the income and the downside protection it gives. Happy trading.
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