Decent week overall, took an unplanned day off yesterday.
Week to Date:
Main trading port: 1.68%
SPY port: 0.01%
Brokerage: 0.26%
BBE Overall: -2.13%
% of Trading Targets reached 63.37%
Quick Stats, at current returns…
Early Retirement Only: 13.3 years
Buy the Condo 11.6 years
Retirement at the beach: 16.6 years
Ahead/Behind on 10 Year Plan: $41,467.09 Behind
Discretionary spending up/down from 2006 Down 6.91%
Well, the day started off with crappy durable goods numbers, everything in the red and me looking for the bottle of tequila. But – things actually went – wait for it – up.
Shocked the hell out of me, too. Of course, I was seriously holding my breath when 2:00 rolled around, waiting for everything to tank. But it didn’t, and we got some recovery from the first couple crappy days of the week. Here’s to tomorrow continuing the trend.
4 positions closed, net -1.08%
– 2 stopped out @ the open
– 2 earnings plays, exited @ targets
3 positions opened
– 2 regular, 1 earnings play
Week to Date:
Main trading port: -0.76%
SPY port: +0.01%
Brokerage: -0.16%
BBE Overall: -2.30%
Quick Stats, at current returns…
Early Retirement Only: 16.8 years
Buy the Condo 16.0 years
Retirement at the beach: 21.0 years
Ahead/Behind on 10 Year Plan: $41,638.16 Behind
Discretionary spending up/down from 2006 Down 5.70%
3 days running, we hit 2PM and it all goes to shit. Pick a reason, any reason. The street is looking for a correction and they really want it… Know how I said last week, “this is why people drink on Friday nights”? Well, 3 of these in a row, and this is why people down an entire bottle of pinot grigio while making dinner.
3 positions closed, net -0.62%
– 1 stage 3, exited above target
– 2 stopped out
4 positions opened – 2 standard, 2 earnings plays
Week to Date:
Main trading port: -1.66%
SPY port: -1.36%
Brokerage: -0.64%
BBE Overall: -2.86%
Quick Stats, at current returns…
Early Retirement Only: 19.0 years
Buy the Condo 18.8 years
Retirement at the beach: 23.8 years
Ahead/Behind on 10 Year Plan: $42,784.43 Behind
Discretionary spending up/down from 2006 Down 5.85%
Well, it sure looked like we were going to get a nice start to the week, and then around 2PM it all went to shit. First, Bear Sterns (BSC) takes a dive, then rumors get going that Goldman Sachs (GS) may have something similar going on w/subprime holdings. Well, then the rest of the financials started puking all over the place, and the rest of the market decided to follow along for the ride. Thanks, Bear Sterns. (BSC) Some late day bargain hunting did help reverse a little of the carnage of the afternoon.
Be interesting to see what happens in the morning. It’s like everyone forgot what a crappy day Friday was over the weekend with the rally we started with today. I’m betting folks won’t forget by tomorrow morning.
3 positions closed, net +1.11%
– Stage 2 pullback (gain)
– Stage 3, exited above target
– 1 stopped out
2 positions opened
Week to Date:
Main trading port: -0.71%
SPY port: -0.44%
Brokerage: -0.39%
BBE Overall: -2.06% (bills, bills, bills)
Quick Stats, at current returns…
Early Retirement Only: 17.5 years
Buy the Condo 16.1 years
Retirement at the beach: 21.1 years
Ahead/Behind on 10 Year Plan: $40,990.16 Behind
Discretionary spending up/down from 2006 Down 5.96%
Two steps forward, one step back. Better than one forward, two back, though.
The biggest hit came in the IRA port, which is solid SPYs now, followed by the full-service brokerge port, with the best (or least crappy) performance coming from the main trading port.
Overall, Beach Bunny Enterprises was down 1.61% for the week. Of that, 1.51% due to the market, .11% was expenses.
As annoying as it is, I am getting used to the up/down rollercoaster again. The goal is to make sure the ups exceed the downs, and it’s happening.
Next week we’ll see a drain thanks to one more mortgage payment on the townhouse. Please, please, someone buy it! It’s gorgeous! I will be happy when it’s gone, as currently it represents about a $430 weekly drain on things and certainly isn’t helping BBE.
Helping out this week:
– FFIV, XTO, RIMM, HRS, NVDA
Certainly not helping:
– CAKE analyst downgrade
– Wednesday and Friday as a whole
– Bear Sterns – don’t run a hedge fund with assets that no one seems to know how to value.
– Congress – God forbid you make money doing what you’re good at.
Have a great weekend, kids – be interesting to see what Monday brings.
Bear Sterns subprime hedge funds. Congress getting pissy about people making too much money. Russell rebalancing. Fed meeting next week. Pick your poison.
On a more positive note, the dog I referred to in this post has decided to turn back around and is now above water again.
1 position closed, net -3.14%
– stopped out
4 positions opened
Active port split: 4 up/13 down, -.49% overall. 1 in stage 2 (this sucker showed tremendous resiliency today), the remainder in stage 2. 2 positions making time targets.
Quick Stats, at current returns…
Early Retirement Only: 15.8 years
Buy the Condo 14.9 years
Retirement at the beach: 19.9 years
Ahead/Behind on 10 Year Plan: $35,572.58 Behind
Discretionary spending up/down from 2006 Up 0.18%
Things were all over the place today, but a decent day nonetheless. Took advantage of being the boss and took the afternoon off for a movie & some shopping.
3 positions closed, +.04% net
– 1 stage 3 exit, above target
– 1 stage 2 pullback (gain)
– 1 position stopped out (analyst downgrade, gapped down at the open)
2 positions opened
Active port split: 10 up/4 down, +.28% overall. All positions in stage 1, 2 positions making time targets.
Quick Stats, at current returns…
Early Retirement Only: 14.0 years
Buy the Condo 13.2 years
Retirement at the beach: 18.2 years
Ahead/Behind on 10 Year Plan: $32,888.04 Behind
Discretionary spending up/down from 2006 Up 0.35%
Here we go again. A good week is invariably followed by a crap week. I’m steeling myself for the slide to continue the rest of the week. Not sure what really fired off today’s downturn – could have been the late day short covering in oil, the whole debacle with the Bear Sterns hedge funds falling apart, continued skittishness on inflation or just damn boredom. Guess our two consolidation days were powering up for a drop after all.
Good thing I’ve tightened up my spending, isn’t it? Days like this I occasionally have to remind myself that at least I don’t have to answer to anyone else.
Wouldn’t be surprised if I don’t see any buy signals tomorrow, either.
4 positions closed, net 0.00%
– 1 earnings play, met time target & exited
– 3 stage 2 pullbacks (gains)
– 1 position stopped out
Active port split: 8 up/7 down, +.06% overall. 1 position in stage 2, the remainder in stage 1. No positions reaching time targets.
Quick Stats, at current returns…
Early Retirement Only: 14.7 years
Buy the Condo 14.1 years
Retirement at the beach: 19.1 years
Ahead/Behind on 10 Year Plan: $33,663.85 Behind
Discretionary spending up/down from 2006 Up 0.34%
* 1926: You may have noticed some number changes since this was initally posted – had a couple bad closing prices that just now updated/corrected.
Quiet day today, but at least to the upside.
4 positions closed, net +3.41%
– 2 @ stage 3, above target
– 1 stage 2 pullback (gain)
– 1 stopped out
3 positions opened
Active Port Split: 15 up/5 down, +.99% overall. 4 positions in stage 2, the remainder in stage 1. 5 positions making time targets.
Quick Stats, at current returns…
Early Retirement Only: 13.9 years
Buy the Condo 13.0 years
Retirement at the beach: 18.0 years
Ahead/Behind on 10 Year Plan: $30,601.03 Behind
Discretionary spending up/down from 2006 Up 0.80%
Some mildly frustrating times ahead for the port. Have to start moving some cash out for the upcoming fun & games w/the dentist, and port is essentially full. No new openings unless something else closes out. This will continue until I sell my damn townhouse, and interest rates are not helping with that little exercise.
Mainly sideways today, but it beats straight down.
2 positions closed, net +4.46%
– Both Stage 3, exited above target
2 positions opened
Active port split: 14 up/7 down, +1.02% overall. 2 positions in stage 3, 5 in stage 2, the remainder in stage 1. 6 positions making time targets.
Quick Stats, at current returns…
Early Retirement Only: 14.4 years
Buy the Condo 13.7 years
Retirement at the beach: 18.7 years
Ahead/Behind on 10 Year Plan: $31,590.38 Behind
Discretionary spending up/down from 2006 Up 0.77%
