Welcome to Wall Street, Main Street and Me


Saturday, December 25, 2010

Whitest Christmas (Main Street)

I do believe we set a record for snowfall on Christmas Day in Asheville today.
The drifts are high enough to cover my little dogs, so I have to believe we got close to eight inches of snow today.





I am sick with a horrible cold that just moves head to chest and back again like a jumping jack. Boxes and boxes of tissues. I made a bed in the middle of the living room with two comforters, a pile of pillows, right in front of the TV. All of us,two dogs, a cat and me, snuggled in all day, snoozing or watching the snow fall. An occasional movie on TV. It was a long, long Christmas Day. So sick. I'm still so sick.






I won't be able to get out of the driveway for days unless we get unexpected sunshine. That's a problem. I don't have enough groceries as it is. And the poor dogs haven't got a prayer of a walk in their futures.




The first day of snow 12/25/10




The second day of snow 12/26/10

This 2010 year cannot be over soon enough. Depression stretches like a white slab of snow under moonlight-- it's pretty out there, but lonely and cold.



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Wednesday, December 22, 2010

Winter 2010 (Main Street & Me)



Finally we have hit the first day of Winter (yesterday, I believe).

We've already had two snows, many freezes, and some icy rain. But today the sun is coming out, and my mood is lifting!

I'm the first to admit that I do not enjoy the holidays. Been alone too long, and Christmas is so wonderful for children, and/or loving couples. I had hoped to be part of a loving couple this year, but I got the hope pulled out from under me. It was unrealistic anyway. I'm gullible and always the optimist, in spite of my apparent cynicism. That's just my act. The trouble is only a handful of people see/know who I really am. I suppose that's true of most of us. But for me, it's a lifetime dilemma. Ah, well, so much for inner delving and philosophizing. Someday, as they say, my prince will come. (see? dopey me!)

I'm getting quotes on replacing some of the carpet in my house with flooring and/or tile, so that is also cheering me up. Henry (the cat) and the dogs have taken their toll on the pale carpeting, and I'm frankly tired of shampooing it.

I'm looking forward to the new year, to the trip to the Miami seminar in February, and there are some other possibilities on the horizon that I'm daydreaming about.

My eye is healing slowly. I was sorry to see Mark Doty, the wonderful poet, just had surgery for a detached retina. Ack. I really feel for him. This eye business can be very scary. His blog gives every detail. I couldn't write that. It makes my skin crawl to think about my surgery, much less go into that kind of minute detail. Suffice it to say, I'm so glad the worst is over. I only pray the other eye doesn't develop a hole. (there's a possibility, but not a certainty.)

I've been so happy in Asheville. I planned on never leaving Asheville for the duration. It's been the perfect town for me. But this is the second winter in a row that bears no resemblance to winter in Asheville. Global warming? Climate change? It would certainly appear so. And I may have to rethink things. Tricky.

Ho Ho Ho

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Saturday, December 11, 2010

Need I Say More? (Me)



Hope you have a satisfactory end of 2010!

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The Madoff-Kohn Affair (Wall Street)

Ah, at last we have an accomplice in the scandalous Bernie Madoff Ponzi scheme.



From the New York Times this morning:

A prominent Austrian banker who portrayed herself for two years as one of Bernard L. Madoff’s biggest victims was accused on Friday of conspiring for 23 years to funnel more than $9 billion into his immense global Ponzi scheme.

The accusations were made in a civil lawsuit that sought damages of $19.6 billion — the sum of the cash lost in a fraud that wiped out nearly $65 billion in paper wealth and ruined thousands of investors on almost every rung of the economic ladder.




The lady Sonja Kohn apparently wears a (very bad) red wig.


It struck me that if you take away the lipstick and the wig, you have another Bernie Madoff!



Did you ever see them together? Have we been duped again? :-)


##

Wednesday, December 8, 2010

Pitchforks, anyone? (Main Street)




Where are the citizens of America? Doesn't anybody notice that our government is just as corrupt as that in Afghanistan? They caught a Afghan politician sneaking across the border with $32 Million dollars IN CASH. (Can you even imagine the extra charges for suitcases to hold it all?) He could give no reason for having it, AND THEY LET HIM KEEP IT. $32 Million dollars of U.S. investments into a country which will NEVER stand on its own. A money pit. As corrupt as Iraq and bleeding us dry. We are borrowing money from China to pad the pockets of thieves in the MidEast.

And now, right here at home, the Republican Party is taking a PUBLIC stance, holding the suffering unemployed hostage (refusing to extend unemployment benefits) unless Congress gives the wealthy the Bush tax cuts -- a mere 700 Billion dollar knife to our throats. And a President who plays ball with these rapists rather than take on the corruption and fight for America. We are hopelessly lost to politicans who think that negotiation means finding the loophole to blackmail each other into actions that will pad their pockets with extraordinary wealth.

I HAVE HAD IT. It is time that we take to the streets, pitchforks and burning torches. Frankenstein's monster, American Greed, has been loosed and we need to kill it in order to protect ourselves and our children from the total destruction of the finest country on earth. I am disheartened beyond belief. The first President I've believed in, since Kennedy, has turned out to be a pantywaist, a pawn for the rich and corrupt politicans who have been running D.C. for over a decade. Our first African American President who promised Democratic CHANGE and has done watered down versions with the excuse that this is how Washington works.

Well, I'm becoming an Independent before the next election. I will NOT support either party, Obama, or this philosophy. Give me back Howard Dean. Nancy Pelosi. Give me a Liberal, a Progressive, an adult who is unafraid.

Goddammit, give me a pitchfork.


##

Sunday, November 28, 2010

Home Furry Home (me)


SO wonderful to have my four footed family home again.



Henry stayed outside for awhile to reconquer his turf.



Sugar and Spice headed for the couch where they lolled in joyous homecoming.





Tuesday, November 23, 2010

Oh! Say~ Can you SEE??? (me)

The week from hell is over~! The doctor announced that the macular hole in my retina is closed~!! Operation a success. My head has been downward, nose to my toes for a week, in order for the gas bubble in my eye to exert the proper pressure against the open hole.

By the seventh day, I had sunk into major depression, certain that I would never use my right eye again. My head down, my shoulders and neck sore from the constant slump, I was defeated by my own mortality. My life was sliding downhill. Age. Defeat. So it was a happy visit to the doctor, indeed.

Last night I was able to sleep with my head on my pillow, cheek down, instead of face down in a doughnut at the end of the bed. I rolled over (many times) instead of staying stick-still, hardly sleeping, for fear of complicating the surgery. Small freedoms, huge joys.

The gas bubble is sitting halfway up my eye. I feel that I am peering over it, like a water line in a goldfish bowl. It will slowly dissipate, and in time my vision may improve beyond its original capability. I can drive when I find myself comfortable enough to do so, with or without the bubble. The whole experience is one of the weirdest I've ever had.

I am grateful to have my eyesight.

And today I go to the kennel to collect my dogs and cat. I am missing them more than I can even relate. It broke my heart to leave them in cages. They surely think I have forsaken them. So today will be a happy, happy day at the Jackson reunion.

##

Sunday, November 14, 2010

Vitrecotomy Recovery (Me)



There is equipment manufactured especially for this retinal surgery, for people who must keep their heads down for a week. It looks to be a lifesaver because a week is a very long time without books, computer, etc.

They offer a chair (reminescent of those public massage chairs) that leans forward with a face pillow.



In addition, there is a tray that can be affixed beneath your face, for eating.



They also supply a mirrored contraption that can be placed on that tray so that the TV reflects in it, and you can see TV in the mirror. Clever and another lifesaver.

And finally there's the face contraption to put in my bed so I can sleep face down and still breathe.




Photos from Larry Burnett & Associates, Raleigh, N.C.

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Friday, November 12, 2010

The Hole in the Retina Gang (Me)


Today was the appointment with Western Carolina Retinal Associates' surgeon, Dr. Stone. Imagine, a whole gang of doctors who only treat retinas!? Another series of eyedrops, bright lights, and eye charts with a big "E" at the top. My left eye could read the very teensy tiny line at the bottom of the chart. My right eye could discern an hourglass shaped white light with a smudge in the middle...that was the huge E. I could see nothing but light and dark.

I finally got "the talk" and got to see the pictures of the innards of my eyes in day glo colors. Indeed a big hole in the macula of the right eye, and oh, woe, a small dip in an otherwise smooth retina indicating possible future trouble in the left eye. My good eye! The talk, of course, was the information on how to repair me. Surgery. I've had cataracts removed. I've had lasik corrective surgery. This didn't seem like too big a deal to me. At first.

But the talk went on...jelly is removed from the eye (it's the shimmy of the jelly that caused the floaters that got me to the doctor) and replaced with a heavy gas. That gas is the pressure that holds the repaired hole in place until healing takes place. But the gas doesn't hit the proper place UNLESS YOUR HEAD IS ALWAYS DOWN! For a full week, I must keep my chin to my chest...down, down, down. Drink through a straw, no tv, no reading, no computer, no movement of the head...just keep it down. Even in sleep. A massage table donut to put my face in. I can rent a chair that looks a little like those massage chairs you see in supermarkets...leaning forward so my head is DOWN.

I'm having the surgery on Tuesday. On Monday my beloved dogs and dear cat are all going to "Bed & Biscuit" --a high class boarding place for four-footed family. I hate hate hate doing it, but there's no way I can walk dogs. I'm not supposed to do much of anything for a solid week. Smallest distractions can make your head move.

My dear friends had the great idea of audio books. At least I can listen to books!
That will be the thing that will save me from going starkers.

I'm scared. I'm appalled. I have wonderful friends who will make it all okay. But
wow, this sure came out of the blue.

And you might wonder what causes a hole to form in one's retina? They haven't got the faintest idea. It's not genetic. It's not because of earlier eye surgeries. They haven't got a clue. We can go to the moon and back....but we can't cure the common cold. Life is wonderful and strange. I'm going to be nicer to my big browns.

##

Wednesday, November 10, 2010

Wars of the World & Wars of the Body (Main St. & Me)


I went to the eye doctor today and had to wait in a short line to sign in. A lovely woman ahead of me chatted with the clerk behind the counter. She held four boxes of contact lenses in her hand for one of her sons, and there was discussion about the billing. The clerk asked after the son, apparently a soldier who had been in for an appointment earlier in the week.

"Such a nice young man," the clerk said.

"Thanks," said the mother. "He's a good kid. He leaves for Afghanistan again this week, so I'm glad I could get these contacts today."

"How long will he be gone?"

"Only eight and a half months, then he goes to Colorado Springs for three months, and then home for good, and back to school."

The mother was blond, slim, youthful and proud of her young soldier. She was smiling and optimistic, cheerful and strong. I cringed, my heart balling up in a fist just looking at her. How does she do it? How do any of them? She left, and I couldn't shake that tiny encounter. The clerk and I discussed it further later, sending out little prayers in our commisseration.

My eye doctor found that I have a hole in my retina. More doctors to be seen. It occured to me that America has a huge hole in its own retina. Not sure there's any surgery that can right it. My heart is so heavy tonight.

And that monkey George W. Bush is publishing his memoirs full of lies and/or total denial to try to rewrite history. SHAME ON YOU, GEORGE W. BUSH. We needed none of
this.

Tomorrow is Veteran's Day -- a huge thank you and celebratory Yee Haw to the girls and boys in the military. Your work is daunting even if your government is nuts.
The veterans of ALL our wars deserve our thanks. My father was a war hero, and the last crew member of his B-17, the navigator, Bob Jackson (no relation to my dad, Lex Jackson) died this past week at the age of 94. RIP, Bob, and I hope you and my daddy know how many people across the world honor your sacrifice and service.

##

Sunday, October 31, 2010

Mid Term Elections (Main St - Wall St)

It is becoming more and more apparent to me that Wall Street and our government are so entwined that all my Obama/Democratic dreams are sinking quickly. There is a system so in place that any smart politician, any smart bank is not going to rock the boat. The Republicans OWN this game, but the Dems just quake in the shadow of it.

I heard Lawrence McDonald speak at UNCA about his book on the fall of Lehman Brothers and it was so clear that the public... Main Street...is too dumb to live. We have NO idea of the huge wars of power and money that go on while we vote and think we have a democratic process. It's a joke
I hate, hate, hate cynicism, but there's little left in the face of Lehman, Maddoff and the like
There are many more indictments to come down. Pandrora's Box is open. The Tea Party crazies are loose like a virus (a natural result of bottoming out) and it's really a crap shoot where we're headed.

Interestingly enough...corporations are thriving...their cash assets are collecting and noone is
giving money away...not the banks..not the employers. All waiting for Obama to fall. It's quite spectacular, and in my view the most subtle racism in the history of America.

But he's already made history. The bastards just can't take that away. I really don't see any other answer to how half of the nation could desert our President in the face of economic failure, other than malevolent racism. I would like to believe it's simply partisan politics, but it just doesn't make any sense. Utterly without reason.

We are living in craziness.

##

Saturday, October 30, 2010

Family Found and Visited (Main Street)

Via the miracles of Facebook my first cousin who lives in Texas found me quite by accident. He and his wife visit Asheville annually and had no idea I lived here. They came to visit me last week, and we had such a good time.


Jim and Kate at Grove Wood Gallery near Grove Park Inn



Bev and Jim in the Sculpture garden of Grovewood Gallery.



Jim at the Arboretum, next to my new favorite grass called Pink Mulay.



Arboretum trails in October. Bev & Kate.



A tree we particularly loved.



Cousins Jim and Kate who are particularly loved as well.



Cousins Kate and Bev.


Back at my house for dinner and a big hello to the dogs..


##

Tuesday, October 26, 2010

New Rules (a la Bill Maher) Main Street

I truly love Bill Maher (even though he makes me cringe sometimes, a throwback to my mother's prissy ground of being). I realized I have some beefs of my own, so I'm going to start my own new rules. It may take me awhile to get them all down.

NEW RULE

Any political candidate attacking another political candidate in public may NEVER rationalize, apologize, or speak to said candidate or any one in their camp again. THE despicable should have to live with their choices. I am sick of it. SHAME on you. And this should NOT be biz as usual amongst you.

NEW RULE

Any freaking redneck driving a car, a truck or a tractor MUST put on a turn signal before turning in front of my waiting (patiently) car at the intersection. Does that cell phone plastered to your ear cancel all courtesy and driving rules? I really hate when you do that.

NEW RULE

All of you Facebook freaks who find it necessary to befriend people you don't know, have never even heard of, PLEASE get some therapy. Facebook is not the answer. If I befriend you, it is because I am afraid you'll commit suicide if I don't. Give me a break. All those friends of mine who are also your friends? They dont know you either.

NEW RULE

If "60 Minutes" is going to be pre-empted by fucking football games, DirectTV either better figure out their DVR timing thing, or the sponsors of all advertising following the game should just give up their ads, so 60 Minutes comes on, and finishes without interruption. WHERE is it written that sports are more important than investigative reporting? Shame on this country~

NEW RULE

When you travel around the country giving lectures about your Best Selling (for I forget how many weeks) book on the fall of Lehman Brothers (and a fascinating lecture, and most amiable
author), you should really SELL books at the event. People were lined up in the aisles to ask questions in the mics, as I slipped out. Nary a book in sight.

NEW RULE

People standing in lines to ask questions of an author should really NOT tell the room the whole history of their investment/business/economic failures. Coming from you, the "little people" (yes one of you bores actually called yourself that, and numerous times in your long litany of woes) it just sounds like my former mother in law.

##

Saturday, October 16, 2010

Drink (poem) (Me)

Lift the Zinfadel to your lips,
slip your tongue into the glass
as if a mouth awaits your kisses--
such icy, thin stemmed bowls they all were!


That image in the hallway glass
stares back at me as if amused
to see that hag and beauty were
soon too married in a mirror of shame.


The staunch and starched amuse
themselves with my youthful antics
but their judgments do not add shame,
only a kind of heartbreaking milestone


to the foibles of time and antics
in a world so hungry for kisses,
so yearning for fairytale milestones--
left as wet whispers on closed lips.

##

Thursday, October 14, 2010

The Trading Divas (Wall Street)


I look forward to my weekly meetings with the Divas, a small group of Asheville women who trade on the stock market. One is the author of "Trading Options in Your Spare Time - A Guide to Financial Independence for Women" - a book which turned my world upside down and I haven't come down yet. She and one other gal mostly trade options. One mostly trades stocks. One is just learning Forex (foreign exchange) and I am doing options and stocks. So there's endless things to discuss.

We bring our lunch to each other's houses, and watch teaching DVD's. We do round robins of sharing our week's successes and failures and set goals to meet. We are a really good group.

The whole adventure of learning new things and making real money is more thrilling than I can possibly convey. I'm totally chuffed and proud of myself and of every one of the trading Divas.

I only wish I'd happened onto this about forty years ago!

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Friday, October 8, 2010

Darlene Nelson Powell (Wall Street)

Just have to say the DVD's this incredible woman has created (from live seminars) have been the most valuable information in all my learning processes since October last year. I've been trading since October 2009. I can't believe it. I have taken a mentor program with OptionsXpress, and read many, many, many books on trading, charts, and strategies. But I must say, one of the best learning experiences has been Darlene. I am a testimonial! Google me!

The first set of DVD's is "Trading the Q's" and the QQQQ Index can be an entire trading strategy without ever touching another stock! I have made a lot of money on the Q's.

Right now, I am starting another series of her DVDs on LEAPS. I can't comment on these yet, (am watching them as I type). But I already know from the previous set that I am going to grow. There is nothing more exciting to me than learning and growing.

I have had a huge debt (my learning expenses) to recoup. The entire month of September has been a series of wins. I've dug out of an incredible amount of debt. I'm not finished yet, but every day, I am getting closer to getting back to even.

I am very proud of myself. I've worked very hard. And it ain't over yet. To be quite honest, it won't be over until they put me in the box.

Meanwhile, between trades, I'm rebuilding my old blog to be available here. Stay tuned.

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Economic Uncertainty (Wall Street)

Wow, am I ever tired of hearing the Wall Street suits use that "Uncertainty" excuse over and over and over again. What they really mean is that they are greedy and don't want to part with one dime of all their massive borrowings (at zilch interest rates) and hoardings until they are SURE Obama is not going to charge them some taxes over and above their buddy, Bush. It makes me sick that the corporate world takes NO responsibility for the plight of thousands of poeple who are losing their homes, their jobs and their self respect.

Earnings reports have been splendid on most corporations, and yet the market is as woozy as a sailor on Saturday night leave. Again, investors (thems with the money) are standing on the sidelines, petulant with "uncertainty" (i.e. FEAR) afraid to lose a nickel. I laud the brave souls that come on TV and appeal to investors to ...INVEST. Yes, invest in America, you dorks.
It's very clear to me that the "them" and "us" is alive and well on Wall Street. I do think Obama should have taken much of that bailout money and used it to do infrastructure and Roosevelt styled projects. Invest in America and not in the deep pockets of the rich once again.

I will stick with our President because I think his heart is in the right place, and his vision is one of goodness. But in the labyrinth of politics, among cold and steely insiders, he has lost his way. The sad part is, he is losing his supporters. We have two more years to go, and I am hopeful that with the change in personnel, things might sort themselves out.

Meanwhile the election in November is getting to be the worst mudslinging, hysterical madness we've witnessed in a long time. The Tea Party will end up at the bottom of the cup, but it can wreak a lot of havoc until the party's over.

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Sunday, October 3, 2010

Flash Fiction - Remembering Harry (Me)

Published by Tattoo Highway 2006

Blue Lake, California 2000

The 10 o'clock news irritated me, but then not much pleased me those days. What to do with a world that cleaned up Times Square? What was wrong with the way it was? It was alive, sleazy, reliable. When I was young, I felt safe in its crowds. On trips to Macy's I could strut down 42nd Street in my red slingback pumps, checking out weirdoes, measuring my budding sexuality against the overt smut of the street. Now it's a corporate Disneyland. Depressing. I snapped off the TV and headed for the bath.

In the shower, I folded my tawny arms across my pale breasts, as I let hot water explode down my back. It was late November, and winter gardening had browned my arms up to the elbow, and skunked a stripe of tan across my feet. Except for the paunch of my belly and a pain in my back, my body was lithe for an old woman.

Sonny died Saturday night. I got the call Sunday morning. His sister's voice was starchy, (numb, she said) chatting that she had bought four plots--for Sonny, herself and her two children. I had no rights. Ten years of love was not a marriage. My plot shall be elsewhere, alone. It was hard to focus, her words seared my ears. Sonny does not care where his bones are. He didn't know or care where they put the body parts amputated over the months. I listened and hung up, the room alive with fusing colors.

He was there, right beside me. They all were. All those dead friends, relatives and lovers. Brenda. Janet. Frank. My young father in his aviator suit; my second-husband with his sad eyes. I couldn't see them, but they pushed in on me.

In my terry robe, I rolled the trash can out to the curb for next day pickup, as I did every week. A starry, cold sky covered Blue Lake. Out of the murkiness, a dog bounded down the empty street toward me. Under the street lamp, I saw his loose, wrinkled folds of fur--a big pedigree breed with a pushed-in face--and no owner in sight. He came boldly up to me, sniffed, then turned and wet the bushes beside me with his leg raised high, owning what was mine.

"Don't pee on my plants," I protested. I pulled my robe tighter. Christmas lights blinked from a house nearby. I spotted a rolled penny paper tossed on my lawn, and leaned to pick it up. The dog turned sharply at my move. Agitated, he woofed. I feared he’d bite as he lunged but then backed up, and locked his legs defiantly. I realized rolled newspapers carried another narrative. I hugged the paper to my chest, covered it with my sleeves. My heart thudded. Then, Sonny pushed against me. I filled with his merriment, his teasing taunts--the warm certainty of his large hand squeezing mine.

"Go on home," I said quietly to the dog. Remembering Sonny, I swaggered back up the driveway. Just like it was 42nd Street. My frayed gray slippers slapped the concrete.

##

Saturday, October 2, 2010

You've come a long way, baby.... (Me)

I'm cleaning out my office and I found a journal from the year 2000. Just 10 years ago. It made me realize how far I've come since then. This is sad, about losing someone you love.

Dec. 22, 2000

It is Friday and Boojum (my cat) and I are curled on the fainting couch (that's what Sonny always called my chaise lounge), listening to Mozart symphonies. it's a gray day in Blue Lake, but the gas fire is cozy. The Christmas tree cheers me. My chest is heavy with the melancholy of Christmas--my annual malady--but Harry died on November 25 and the world is never to be the same.

It seems there should be a course offered in grieving. I clearly don't know how. I think I fear I will come apart--like a dropped jigsaw puzzle--if I allow myself to feel. I'll scatter and never come together again. I refer to Sonny as "Harry" now (his real name)because it keeps him
distant from me. It hurts just a little less with the formal "Harry", even when I think more intimately "my Harry," than to say SONNY. Oh, see it undoes me. I lose all composure.

There -- the movement of the symphony ends. A new one begins. The cat licks her paw. Life goes on.

I have been in Blue Lake five months now. I am hardly here at all yet. I've moved like a tourist through the public streets of Blue Lake and Arcata. It is only in the privacy of my house that I am at home, shuttered in with Boojum from the world.

The process of flying apart or at least the fear of it began before Harry died. It started when I got sick and laid in a bed for five months with no one to care for me. The child in me gave up all pretense of responsible and courageous behavior and went into severe withdrawal from the world. Then Harry got put in the hospital. My friends scattered. Erna went to Florida with her ailing father; Gloria couldn't make the stairs; Valerie was, as always, too busy. None of them were wrong. It's exactly what I would have done in their shoes--but it made me understand in a new way, once and for all, that I am truly alone. Not just some neurotic version of alienation, but ALONE.

This is not a complaint nor self pity. It really isn't. It was a final 'knowing' without doubts that nobody was going to "save" me, help me, keep my life from eking out of me--but me.
And that was also very freeing. Everything else chained me to people. Gratitude, indebtedness, codependence, illusions of intimacy that didn't really exist. A string was pulled and the puzzle began to fall apart.

A voice inside said "Find a safe place, and do what you want to do." Not what I should, could or ought to do but what I WANT.

And so I have. I retired from a thriving business, sold my condo in three days time, packed up and left them all behind. Harry had already asked me not to visit the hospital. His personality change was terrifying. He turned to the wall when I came in the door. I never knew why. So I left. For five more months my body has healed but I've lived in fear and guilt instead of enjoying myself. And grief.

It is time to get off it, but I've never been 'here' before. It's like grieving. I never learned how. How to live my dream. Writing sees me through.

##

Covered Calls as Insurance (Wall Street)

I've only been trading a year, so there's SO much for me to learn. I want to share what I find exciting here for those who might be in my shoes.

Got really excited about the "new" use of covered calls I learned from the DVD of Darlene Nelson Powell's "Trading the Q's." When an option isn't going the way you expected, you simply SELL a covered call (same month, one strike price above (for a call) or below (for a put) and it works like insurance. As the stock goes 'down' (on a long call) the short call goes up. Yesterday, I made $244 doing this, and bought back the short just as the trend turned and started going up. So I can then make money on the long call as well. It's VERY nifty~

I have done a lot of regular covered calls on stock I owned, but didn't find that very profitable. It's much cheaper too to simply buy a call, instead of buying the stock! I joined some website that focuses on covered calls, but it was SO confusing to navigate the site and learn their tools that I bowed out. So this strategy was 'dead' for me until I learned this
"insurance" trick.

I need to practice it to make it work well.

Here are the particulars of Yesterday's trade.

I bought 10 contracts of a November Call with a strike price of $48 for 2.58. (At the Money). Instead of going up, the stock started to drop in price, so I then SOLD 10 contracts of a November call (strike price $49) for $1.83. As the price of the underlying plummeted, the short call (the one I sold) got cheaper in price, so I bought it back for $1.59, netting me .24 cents (x 100 shares = $24.00 x 10 contracts=$240.00.) The original call I bought is still active, and as the stock goes up, it should net me another dime.

I am tickled to death that this works! I can see where you can play the Q's up and down all day long, if you wanted to. But my goal of making $100 per day is starting to look pretty easy.

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Wednesday, September 29, 2010

Money Never Sleeps (Main Street re Wall Street)

Went to see Oliver Stone's Wall Street 2. I was underwhelmed. It struck me that the reality of the greed and corruption on Wall Street is so intense that a movie pales beside it.

Eli Wallach looks to be about 100 years old in this movie. I don't think it's makeup. There were cameos with Susan Sarandon and Charlie Sheen, but I'd recommend this as a Netflix event.

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Tuesday, September 28, 2010

Rainy Days and Sundays.... (Me)

and the first days of fall...always get me down.

I went to walk the dogs at around 10 am and realized I needed a sweater -- back into the house with the boys bouncing in the back seat of the car, raring to go. Then it happened again at our 6:30 walk. Had to come back for a warm wrap. Awwwww, I love summer and really hate the thought of what's to come. Snow boots, quilted parkas, wool socks and heating bills. Ack!

Started a new health regime yesterday, however, which should carry me into nice vegetable soups this winter. Right now it's all fruits and salads. I feel better already. I was slipping into a kind of fast food, fat food, sweet food stupor. And I began to feel it. Everything in my body aged about 10 years just by eating poorly. I feel better already. And the thing is, I really like veggies, so it's just a matter of prepping all those raw goodies.

The stock market was schizophrenic today. Moved down, down and then up, up, so my options were not sure which way to head. I lost about $100 bucks today, but might be set up for some sizeable wins tomorrow. We shall see. It's so crazy. The bears are screaming double dip recession, (yes, even NOW) while we just had the best September on record in decades. Go figure. I got myself back to even in September. Amazing month of trading. And an amazing feat for me. I knew zilch about trading one year ago, October 09, and now I've got myself out of
my losses and am about to tackle all the learning expenses (mentor program, investment club, books, dvds, et al). When I knock off that expense, I'll be in clover. I admit to being very excited.

I'm still working on my FTP problems, so I'll get photo capabilities one of these days.

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Sunday, September 26, 2010

Sundays (Me)

When you're obesessive and complusive like me, trading on the market becomes a way of life. I study, I plot, I plan, I keep records galore. And then...after a fabulous bullish run, or a miserable bearish one, the weekend arrives.

Saturdays can be filled easily with grocery shopping, and all those chores you've neglected all week long. But Sundays....oh, my. I am not happy with Sundays. It's just a matter of waiting for the market to open again. And of course, praying that the great rally of last week will continue.

This is how I get things done. Whether it's publishing books, making quilts, painting abstracts, or writing a poem, I put my whole heart into it. I am recouping losses at the moment, and it feels really good to know I've learned my lessons well enough to be finally 'winning.'

But arghhhh, Sundays are so slow. This is when I really miss having a partner, a roommate, a human being to talk to. I live alone better than anyone I know, but there are those moments.
And it seems they always come on Sunday.

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Saturday, September 25, 2010

Intro and Welcome ("Me")

Welcome to the new Blog. I'll be using this to discuss stock and option trading ("Wall Street") politics and the world outside ("Main Street") and whatever personal journaling, literary or otherwise ("Me")

Today, coming home from the grocery store on Merrimon, I hit the roundabout on UNCA's campus, which is my quick way home. A big maroon Lexus driven by a little old lady barely big enough to peer over the steering wheel was inching her way around the circle...undecided about which path she wanted to follow. Alas, she had forgotten her way, and she just kept going around the circle, braking at each egress. but in obvious indecision, unable to leave the circular path. I exited, watching in the rear view, wondering how long she might go around. A little metaphor for my life perhaps. I was very worried and wished I could have helped her.
And then decided I'd better help myself, eh?

Have a lovely weekend, World.

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