<p>The thing that bugs me the most about the economy contracting slightly is that now we have to listen to those fools at ECRI saying “Oh yes, we are in a recession all right.”</p>
<p>Lol…</p>
<p>We’d need two quarters for that to be right and I don’t think that the previous one is going to get revised down. It’s a bit amazing that defense industry cutbacks have such an impact on the overall economy.</p>
<p>[Facebook</a> Earnings Beat; Profit Margin Falls Sharply - Yahoo! Finance](<a href=“http://finance.yahoo.com/news/facebook-earnings-beat-profit-margin-212321130.html]Facebook”>http://finance.yahoo.com/news/facebook-earnings-beat-profit-margin-212321130.html)</p>
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<p>Mobile revenues almost doubled but operating margins declined sharply. Not sure this is a good stock for a growth investor.</p>
<p>AMZN’s margins expand slightly so the stock goes crazy up even though earnings were terrible. AAPL’s margins decrease slightly and the stock crumbles. FB’s margins drop but the stock stays stable. I am not sure what this all means.</p>
<p>^^^based on that FB should go down not stay stable unless the press focuses on the mobile revenues doubling</p>
<p>Bought the fb 3/1 29 - 31 call spread for .84.</p>
<p>Interesting…</p>
<p>Wow…FB…I don’t want to be premature but nice Doct.</p>
<p>Yes, DocT very, very nice but why do I feel there are sellers waiting until the last 30 seconds of the day or are they waiting for that tomorrow?</p>
<p>An acquaintance owns a shoe store in Arizona and he said business is terrible. Last year was great. He expanded his store 50% larger, or was it 100%? I forget. Anyway…sales are flat to up 20 percent. That’s not good because his costs are up. He said there is a glut of shoes for sale from wholesalers. He said the market is flooded with shoes.</p>
<p>Same guy said there is an upscale retailer that does about 5,000 a day in sales that one day last week did 35 bucks in sales.</p>
<p>I got this email last night that I read today. I am glad I didn’t read it last night. I am a limited partner in a business. The company struggled last year, but we got new management so I added to my investment last year as did others. The news was good. Really good. Then I got the email…</p>
<p>Cash flows are lower than expected. Costs are higher. There is a legal issue that needs to be resolved but it is going to cost bucks. The company is in default on a loan and the company needs more money.</p>
<p>Then I am short these puts in Rimm and the stock is dropping and dropping. What a @@@@@@ day. </p>
<p>I sold some spy puts. We better not crash now. lol</p>
<p>Anyway, those are my anecdotes for the day. :)</p>
<p>I wonder what the $35 item was for the upscale retailer? A handkerchief? A coin purse?</p>
<p>I don’t know…</p>
<p>You would know more than me…</p>
<p>Is it getting time to buy rimm? Some support at 12.</p>
<p>I sold puts too early so I can’t be objective.</p>
<p>We’ve got the talking head gurus again like last January saying we’re in for a major correction - some are saying 50 - 60%. A correction didn’t happen for months last year. These guys have an easy way of making money - be wrong all the time.</p>
<p>I just found out those zeroes I wanted to buy last week were 6 times oversubscribed. I was able to get half of my order filled which is a paltry amount. Better than nothing.</p>
<p>I am going to avoid the talking gurus.
With the limited partnership blowing up, this is the biggest loss I have had in over 15 years.</p>
<p>I don’t need any talking gurus to lose.</p>
<p>How come you don’t make money when you lose like all those gurus?</p>
<p>:)…</p>
<p>I haven’t figured out their secret. :)</p>
<p>I’m sorry about the LLC dstark. :(</p>