Motorola Atrix Lapdock and Citrix Receiver.
Today I finally received a lapdock for my Motorola Atrix 4G. It my be the coolest combination of devices I’ve ever owned. Using the Citrix receiver for Android I’m able to connect to the Xenapp servers at work through the Access Gateway VPX. I haven’t found a Firekfox Add-in that doesn’t work yet. Light as a feather, this is truly one incredible device. Does about a dozen things that are near impossible on an iPhone and a few that are impossible, like docking to a lapdock. The Atrix is the smartest smartphone I’ve ever used. And I’ve used almost everything up to and including the Samsung Galaxy 2.
I did have to upgrade my plan with AT&T to the 4G unlimited. It’s worth it. This thing is replacing an entire laptop and has connectivity in more locations.
Netflix got hurt today
JDS Uniphase earnings due today.
How important is this stock as an indicator? Here’s some insight from Seeking Alpha…
“Let’s say an investor decided to buy $2000 of JDSU stock at 24.75 after the 588% run in 1997. This would buy 80 shares. This investor decides to hold JDSU and he does not sell until March 13, 2000. After splits, the original $2000 would turn into $1.34 million. A very modest investor could have been turned into a millionaire in just over three years.”
T-minus 1 Trading Day
I’ve got to make a decision. Futures indexes are all up, Asian markets opened in the positive. Pointing to an all round bull market opening. Nothing new is going to come out of Washington before the bell. They want the cautious optimism to continue until the 11th hour. The futures market seems overly enthusiastic. I”ll check it again in the morning. Selling the shorts depends on two things: will their be a bill that looks like it might get through the House and does the market look to be set for a rally in preparation for a bill to get through.
There are other factors to take into consideration. Even a short term rally, which looks likely given the Asian and futures markets, could substantially eliminate any gains my shorts have experienced. In fact it could shoot them below my original bye-in for a loss. For this reason I have queued my short index position for sale at the open. It looks like the market will open with a rally. I’ll sideline the proceeds to take action after a vote. If their looks like there are the votes for this plan I’ll buy in to a few selects I’ve been watching including getting back into the Brunswick Corp. I did not sell my real estate shorts. May dump those in the AM too.
Day 3: Shorting the Indexes 07-29-2011
All futures are down this morning. Asian and European markets slid down on the Debt Ceiling impasse in Congress. This is serious. A sell off is almost imminent. I will most likely profit today but I don’t feel good about what is about to occur to this country. There will be blood.
Day Low = (10.20)
Day High = +339.50
Closed = +226.50 / +2.6096%
Shorting the Indexes 07-28-2011
Following a 6.2% return on my first day of betting against the market, this morning I queued the purchase of more Proshares Ultrapro shorts. I got 50 shares of 3x inverse of the Nasdaq100 (SQQQ), 100 shares of (SRS) 3x Short Real Estate and 100 shares of (SDOW) 3x shorting the Dow30. Hope my trades occur at or near yesterdays closes. This is one of the few times these none-diversified funds could have changed value during premarket trading as everyone runs from their primary holdings.
Market has closed. My Positions: +67.40 / +0.6971%
Day Low (154.00)
Day High 90.54
Inverse Indexes
Two days ago I sold all my corporate stock positions for a 23% return earned during the previous sixty days. Based upon the current political situation surrounding the debt ceiling I began shorting the market on Monday, July 25th betting only against indexes using 2x and 3x inverse funds. I only trade in a cash account, no margins, only buying inverse options with settled funds just in case an 11th hour is deal is reached in Congress. So far I’ve purchased 100 shares of ProFunds UltraPro short Russell 2000 (SRTY). Looks to earn 300% of the inverse of the Russell 2000. My other initial inverse buy is 100 shares of the Proshares Ultrashort S&P 500 fund (SDS).
Monday and Tuesday were flat market days with minor index losses. My gains hovered in the lower fifty dollar range each day. As a wrote in a comment on a CNN article: the first days will be a trickle, followed by a wave. August 1st will be a Tsunami. Sure enough, today picked up and I closed +$231.00. As the market decline accelerates, and my funds become settled from Monday morning’s fire sale, I will put more into the inverses, shorting Real Estate (SRS) and finally the Dow30 (SDOW). Today I went up 8.5%. The next few days are going to be interesting.
Final warning…
Japanese auto makers are restricting delivery, QE2 is ending because of inflation concerns, the debt ceiling is being used as a political obstructionist tactic. The Dow will be in free fall below 11K within 60 days. Shift everything to inverse indexes now or suffer the consequences. I hate to see people (and their 401K’s) get hurt and there’s nothing but pain in the forecast. Groupon might rally for a day or two but the reality is grim. Fear and panic are already taking hold and as much as it sucks it is time to bet against the S&P, Russell, Dow and because of the recent contingency in the South China Sea and their adjusted currency valuation, it’s even time to bet against China.
Groupon IPO
So Groupon filed for their IPO valued to rake in at least $750 million. Ain’t gonna fly like LinkedIn. When can I short it?