Wednesday, September 28, 2005
Katrina Victims...
Katrina is not the same thing as September 11th, and if you believe this please continue reading....
Katrina victims are not necessarily victims. They had all the same chance to get out, all of them had the chance to get flood insurance. (Flood insurance is offered by the government)
Why these people do not deserve the payments:
People in LA are largely uneducated lower class people who are used to receiving government aid to live. They have not experienced life without monthly assistance from the government to help them pay for the necessities in life. So what happens when you give someone with no education a lump sum of possibly tens of thousands of dollars? They most likely blow the money away on stuff that no one really needs! This is the problem with the system today, people do not learn on their own and drain government programs.
Why would I go out and get a job when I can get a check from the government to cover my expenses? I just rode out a storm too, so great, I get a check for $100,000. I didn't do anything to earn this money, and the people that are really paying for this have debts such as student loans because they cared to get a career! Awesome. So I skimped on any education, the government pays my expenses every month, and the people that are really in debt, well, they just helped by paying more in taxes.
People who work deserve this money more than the "victims" of this storm. Just yesterday there was a thunderstorm, I lost most atleast 10 blades of grass. I wan't compensation too.
This has sparked an interesting idea of mine called "Storm Farming." I intend to buy approximately 100 homes each scattered around different places in the south that continually get pounded by the storms. These houses will be a dime a dozen, considering they will all be purchased at a tax sale with small liens on them. At this point I have 100 homes in storms' paths and I got them all for less than a vacant lot in California. Come on big storms! Just hit a few of my houses and I have turned maybe $200k into $200M in a day.
Let's get real. These people weren't victims of anything that couldn't have been predicted.
The time and date of my own death has not yet been predicted, when I die, I surely hope that my relatives seek aid from the government for my bad luck.
The government truly needs to think before handing a chunk of change to one who has no idea what to do with it.
Katrina victims are not necessarily victims. They had all the same chance to get out, all of them had the chance to get flood insurance. (Flood insurance is offered by the government)
Why these people do not deserve the payments:
People in LA are largely uneducated lower class people who are used to receiving government aid to live. They have not experienced life without monthly assistance from the government to help them pay for the necessities in life. So what happens when you give someone with no education a lump sum of possibly tens of thousands of dollars? They most likely blow the money away on stuff that no one really needs! This is the problem with the system today, people do not learn on their own and drain government programs.
Why would I go out and get a job when I can get a check from the government to cover my expenses? I just rode out a storm too, so great, I get a check for $100,000. I didn't do anything to earn this money, and the people that are really paying for this have debts such as student loans because they cared to get a career! Awesome. So I skimped on any education, the government pays my expenses every month, and the people that are really in debt, well, they just helped by paying more in taxes.
People who work deserve this money more than the "victims" of this storm. Just yesterday there was a thunderstorm, I lost most atleast 10 blades of grass. I wan't compensation too.
This has sparked an interesting idea of mine called "Storm Farming." I intend to buy approximately 100 homes each scattered around different places in the south that continually get pounded by the storms. These houses will be a dime a dozen, considering they will all be purchased at a tax sale with small liens on them. At this point I have 100 homes in storms' paths and I got them all for less than a vacant lot in California. Come on big storms! Just hit a few of my houses and I have turned maybe $200k into $200M in a day.
Let's get real. These people weren't victims of anything that couldn't have been predicted.
The time and date of my own death has not yet been predicted, when I die, I surely hope that my relatives seek aid from the government for my bad luck.
The government truly needs to think before handing a chunk of change to one who has no idea what to do with it.
Tuesday, September 27, 2005
USDCHF
I got stopped out on USDCHF at +5 Pips. Good enough I guess, but not what I was looking for. Who knows what the hell is going on with the USD at the moment, its a guess at this point.
Still waiting for INTC to come back in...
Still waiting for INTC to come back in...
Monday, September 26, 2005
Updates
I'm up just over 40 pips on my USDCHF trade, and expecting another 90 on top of that, this downtrend should be huge! So far I'm up 190 pips this month, enough for a 9.5% return on my NAV. If this continues I should be able to retire before I work.
INTC- This stock is doing just as expected as the downtrend is gradually slowing, showing some support. At this point I would like this stock to diverge from the trend and hit 22, at that point it's BUY BUY BUY. I think it should settle at 23.00 and at that point I would buy looking for 25-26.
INTC- This stock is doing just as expected as the downtrend is gradually slowing, showing some support. At this point I would like this stock to diverge from the trend and hit 22, at that point it's BUY BUY BUY. I think it should settle at 23.00 and at that point I would buy looking for 25-26.
Sunday, September 25, 2005
Earth to USD
The USD has been high flying over the last few days, and people are getting off the bandwagon. USDCHF shorts are at their highest in 11 weeks, I'm one of them. I think that this current uptrend is too fast, too much. USDCHF at these levels is overbought, I think it should come in to about the 1.28 level, 130 pips for the taking! With a stop loss at 1.2950, this trade has a 1:4 risk to reward ratio! Are you game? I'm almost certain that a downtrend should follow, and I will be placing bets accordingly. Right now I've made about 150 pips this month, not bad, but not as good as August where I made a whopping 525 pips!!!!!!!!!!! YaY!
I'll be entering on the RSI entering below 70 for one 3H bar.
For the purpose of distributing wealth to the younger generations...
I'll be entering on the RSI entering below 70 for one 3H bar.
For the purpose of distributing wealth to the younger generations...
