Tuesday, December 9, 2014

Closed out my final bets

If one is going to end something it's a good thing to end it on a high note. I think I accomplished that yesterday. I closed out my last 2 bets at the close of business Dec 8th. My bet on shorting oil was the single best bet I have made in all the years I have been playing the markets. I bought SCO at $26.38 and sold it at $58.06 a gain of a whopping $120%. Something about a blind pig finding the occasional acorn comes to mind. The other bet I had going was for the Dow to go up. I bought DDM at $125.00 and sold it at $135.64 for a gain of 8.51%. That leaves me with nothing on the table. I turned 75 in October so I feel it is time to get my affairs in order. Toward that end I will no longer be placing bets on the stock market and will direct all my efforts toward monthly income stream equities. This will be my final posting on the markets. Part of the reason for my quitting are two fold. At this time the markets have become so manipulated and tortured by the Federal Reserve and the Politicians they no longer make any sense plus I think we are rapidly approaching an inflection point in our history where things are going to get really ugly. In any event I will post my list of trades for 2014 below. I may from time to time post my thoughts on how things are going in a general way but as of right now I am retiring from actively following the market.


Fund Date Bought Price Paid Date Sold Price Sold Gain/Loss Per Share Total Gain Total Loss
GDX 1/18/2014$22.003/19/2014$26.00$4.00$400.00
DUG 1/6/2014$50.791/22/2014$51.23$0.44$44.00
UBT 1/6/2014$53.502/20/2015$55.34$1.84$184.00
SCO 12/30/2013$34.421/22/2014$34.45$0.03$3.00
DXD 1/22/2014$27.982/10/2014$29.90$1.92$192.00
UCO1/22/2014$29.013/5/2014$33.94$4.93$493.00
DZZ1/30/2014$7.202/3/2014$7.02-$0.18
-$18.00
DDM2/10/2014$104.613/13/2014$109.41$4.80$480.00
DIG2//11/2014$62.743/11/2014$69.90$7.16$716.00
UBT 2/24/2014$56.043/6/2014$56.24$0.24$24.00
UBT 3/13/2014$56.693/11/2014$61.55$4.86$486.00
SCO 3/12/2014$29.893/26/2014$29.56-$0.33
-$33.00
DXD 3/13/2014$28.443/17/2014$27.96$0.48
$48.00
DZZ3/25/2014$6.364/4/2014$6.44$0.08$8.00
SCO 7/15/2014$27.227/16/2014$26.55$0.67$6.70
DXD 7/31/2014$26.227/11/2014$26.16$0.06
$6.00
SCO 7/30/2014$26.3812/8/2014$58.06$31.68$3,168.00
DDM8/20/2014$122.149/24/2014$125.49$3.35$335.00
DUG 9/9/2014$39.7510/31/2014$46.07$6.32$632.00
TBT9/12/2014$59.379/22/2014$58.13$124.00
$124.00
DZZ10/31/2014$7.3711/21/2014$7.33$4.00
$4.00
DDM10/31/2014$125.0012/8/2014135.64$10.64$1,064.00














$8,231.70-$233.00






Total GainsTotal Losses

    

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