Bad Apple Options Investment
I’ve lost 100% of my investment (on paper) in Apple options. It is probably one of the worst investment decisions I’ve made. I am glad that it is just a paper trade and actually not using my own money to invest. I’ve bought 30 AAPL FEB ‘08 145 calls @ 1.42 average. On Feb. 15 [...]
Tagged as: apple, expire, innovative, options, risky, worthlessMicrosoft is Buying Yahoo for $44.6 Billion
Sold 1000 shares of YHOO @ 27.75.
Microsoft is buying Yahoo for $44.6 billion! Now Google is facing some STRONG competition. In this market, it is all about timing. Microsoft released this news right after Google posted disappointing results yesterday.
Motorola Gives Up Cell Phone Business
Motorola is going to spin off its cell phone business because they kept on losing money selling cell phones. IMO, the Motorola Razr phone was a hype after all. In 2005, many people bought it because it looks very cool and everyone else has it. Now, it had lost its market value and no one buys them anymore.
Tagged as: cellphone, hype, innovative, losing money, motorola, nokia, razr, samsung, spinoffFed's Half-Percentage Rate Cut
As expected by many investors and analysts, the Fed had cut the key interest rate half a percentage to 3% on Wednesday, the lowest level since Spring ‘05. This is the fifth time the Fed had cut the rate since it began with a half-point cut on Sept. 18, 2007, in response to the Subprime Crisis back in Summer ‘07.
Tagged as: borrow, Economy, fed, growth, half-percentage, inflation, jobs, rate cut, subprimeFed Cuts Interest Rate 3/4 of a Point
This move is not unexpected, however the good news came a week earlier. The Feds signal that they may cut the rate further next week because they fear the economy will slow down. IMO, it is now a good time to start accumulating quality stocks right now. Some of the stocks have rebounded, which is [...]
Tagged as: accumulate, Economy, interest rate, rate cuts, rebound