Boogster’s Blog

No chance you see me riding around in one of these candy cane looking bikes:

Bought 500 shares of DZZ this morning at $32.88.  It’s the double gold short ETF.  I may get another few hundred shares depending on the action over the next few days.  No need to panic short here.  Should be plenty of time to get in on the short side.  I’m just positioning myself in anticipation of the next leg down, I hope.  With this trade, I’m looking for a break above the highs at $36, maybe somewhere above $37, then I’ll start exiting.

I’ll probably get some UYM over the next few days too.  I have 200 shares of PYZ at the moment, but apparently I bought the wrong version of the Basic Materials ETF. :)  No biggie.

I am still watching the oil sector to get long, but I must say that I am becoming a little more leary seeing that The Fly is constantly accumulating the oil related stocks, and the sector is barely moving higher.  Usually if he gets long, it goes his way immediately.  Anyways, I’m still waiting for DUG to get back up to the $36 area before I start going long in the form of DIG.  $36 is the 20 SMA on the daily.  Patience my friend.  If I miss it, then oh well.

That’s about it for now.  I think it’s time for another run.  I went 4 miles yesterday.  Gonna try to do a 7-mile run by the end of the week.  I was hurting at the end of 4 yesterday, so I don’t know how I’m gonna push to do  7 miles, let alone 10-miles by October 5th.  I guess the Army Ten-Miler will be like anything, so long as I’m prepared for it, then I should be able to finish it.  Just gotta put the work in.  The good news is that my heel wasn’t hurting too much after the run.  The Calcaneal Stress Fracture hasn’t fully healed yet, but it’s been manageable.  I bought some of these heel cups, they’ve been such a great help.  It’s been over 5 weeks since the injury.  From what I’ve read, it takes 6-8 weeks to fully heal.  Probably didn’t help that I played in a soccer tourney and a bunch of indoor games since then.

Have you guys ever counted the days that it takes for an injury to heal?  I do it all the time, since I’m  injured so often.  Here’s the short list that I can think of:

• Quad pull: 2 1/2 weeks
• Hamstring strain: 2 1/2 weeks
• Hamstring Tear: 2 months
• Calcaneal Stress Fracture: Playable in 3 weeks, discomfort still in the 5th week
• ACL reconstruction: 5-6 months after surgery
• common cold: 10 days
• Radial/Ulnar nerve damage: 2 months

Any time that I have an injury, I can pretty much tell exactly how long that it’ll take for me to heal.  I’m not even sure why I think of these things.  Luckily, I’ve never had any serious groin pulls or back problems.  And now that I wear ankle braces, I haven’t had any major ankle sprains.  And no broken bones yet.  I’ve had stitches about twice, and a few surgeries (ACL and hernia).

It’s really time to roll now.  Time to start thinking about other random things that no one else seems to ever think about.  Hah.  7-miles…uhh…not today.  Maybe tomorrow…

Just saw this:

“According to sources within online gambling operator, Bodog, the company is struggling, having whittled its workforce down to a “skeleton crew.” This week, Bodog laid off almost 250 employees in its Canadian offices, including its advertising manager. Each of its two offices, one in Vancouver and one in Montreal, now have approximately 100 employees a piece. This news follows less than one month after Forbes magazine reported that the U.S. government had seized $24 million from bank accounts belonging to Bodog.”

I entered some orders in my IB simulated account over the past 2-6 months, mainly so that I could access the real-time quotes from my cell phone without typing in the symbols each time. Anyways, here are the quasi-results as of today:

Nothing too exciting, but it makes me wonder if I just pick stocks and come back a year later, would my results be better than they are compared to my swing trading?

Bought some more Chipotle’s (CMG) this morning at $67.56. Another 75 shares, so I’m up to 350 shares now. I may get another 50 to 100 shares.

I’m looking to go LONG Oil, LONG Basic Materials, and SHORT gold over the next few days. I’m actually gonna try to put 75% - %90% of my money to work. Most likely by the end of this week. We should get some nice moves in these sectors over the next month or two.

I just bought some PYZ at $33.99, which is the long Basic Materials ETF. I got 200 shares for now. I’m actually looking for a retest of the highs near $39, which would put my reward at $1000 even. Not really good enough, now that I think about it. Okay, I’m probably gonna get another 200 shares soon. Maybe 300. That’ll get me to $2,500 if it reaches my target. Open stop for now, since I’m gonna be watching SMN for an exit.

So, here’s what I’m holding now:

• 200 SRS at $83.50
• 350 CMG at $72.70
• 100 TWM at $65.06
• 200 PYZ at $33.99
• 10,000 SIBE at $0.3765

Over the next few days, I’ll be buying some DIG (probably 200-300 shares), DZZ (probably 700-800 shares), and eventually, I’ll be getting some FXP and SKF.  Still keeping an eye on AVR, RIG, and NOV.

Remember, LONG oil, Short Gold, Long Basic Materials.

So, there’s been a little bit of an overcast here in Nags Head all of today.  I’m definitely having a lazy day.  The only productive thing that I’ve done today was go over to Kill Devil’s Frozen Custard to get a burger and a vanilla milkshake.  Boy was the burger money.  Milkshake was pretty strong as well.  Oh yeah, I also went to the driving range, but they had these fake balls there that only go about 60% of the normal distance because of the shortened range.  That range was so poo poo.  If I’m feeling up to it, I’m gonna try to get a round in before the week is over.

Alright, market closes in about 30 mins here.  Time to put the flip flops on and head to the ocean.

At the beach.  Outer Banks.  Nags Head.  For the entire week.

Soaking up some rays.  Fishing.  Crabbing.  And probably a little golf mixed in somewhere.  I got my clubs with me.

Woke up at 6am for some fishing this morning.  Caught some big ass Tail Tile Fish:

And some “Dolphin” fish (aka mahi mahi):

252 pounds total.  73 pounds after the filleting.  Guess what I’m having for dinner tonight?

I see some setups that I’m liking in the markets, so I’m still gonna try to keep a close eye on my setups this week while I’m on “vacation”.  I only put “vacation” in quotes because I’m pretty sure that I was on vacation last week as well.  And the week before…and..umm..actually, I worked all in July, so I guess that wasn’t a vacation.  Anyways, you get my point.

I’m looking to short SMN and DUG, I found the long ETFs for these sectors in DIG and PYZ, so I’ll probably enter those instead of trying to short the inverse ETFs, which is essentially going long.  I’m also looking to  short gold in the form of DGZ.  I will do it by the end of this week.

That’s really about it for now.  My SRS and TWM are looking good and my CMG is down a few bucks.  That’s about all I got for now.

Got my golf swing back. Shot a 89 at Bull Run yesterday, which is probably one of my best rounds to date. Although, several of the tee boxes were pushed up, so it’s not really an “official” score. I think my shanking was caused by an improper shoulder turn, which I fixed. I’m gonna go back to the range to see if I can replicate the shanking…that way I’ll be able to fix it on the fly in the future. I feel like I’m back on track again. Gotta work on course management and my short game now. My goal is still to become a mid-teens handicapper by the end of the golf season. I’m at 18.2 right now. Down from 25 at the start of last season. Woohoo!

Looks like I made the right decision on SMN, MOS and MON. SMN is already down to $34.50, MOS is up to $108, and MON up to $118. Based on the current chart patterns of SMN and DUG, we should be going back down to retest those lows soon. I’m gonna be looking to short these puppies on the next retracement back up to their daily 8/20 SMAs, which also means, LONG oil stocks, and long Basic Materials stocks (POT, MON, MOS).

I’m also really like a gold short here soon. I was trying to short GLD near the $83.50 area (20SMA on the daily), but it looks like GLD shares are pretty hard to borrow, so I’m either going to get some mini-gold futures or use the inverse gold ETFs like DZZ and/or DGZ. I think that we’re still about a week away from a short term top, so I’m in no rush to enter the position just yet. I should have plenty of time to get into my positions, no need to panic short here.

My current positions in SRS, TWM, CMG, and SIBE are all looking pretty money. The first two more so than the last two. SRS is looking phenominal. I think if we can get above $100 over the next few days, I may look to get out. $106 is the 61.8% retracement, which I’m keeping a close eye on. SRS is currently trading at $94.80.

Looks like there are a bunch of opportunities springing up here. I think it’s time to put my cash to work and pounce on those bitches.

Time to roll out. Playing Pendy today.

The season premier of The Hills was SILLY!  Hah…don’t lie, you know you guys watch that crap as well.  I didn’t watch it last night, but I tivo’d it and just finished watching it after the Brazil vs. Argentina game.  Hah.  There’s really nothing else on TV these days besides the Olympics.

Back to the manly stuff.  I decided to dump out of my SMN, MOS, and MON positions this morning.  Made about $2,200 total.

• Out 350 SMN at $37.05 for +$1,795.50
• Out 50 MON at $112.58 for +$25.00
• OUt 50 MOS at $103.41 for +$325.00

Not too exciting, considering that I held these positions for months, but still a win, nonetheless.  I may get back into the SMN position if I see something that I like over the next few days.  Possibly.

In the meantime, I’ve decided that I’m gonna put my money to work by shorting GLD on the next retracement.  Hopefully around the $82-$84 area.  I’ll be looking for a big push down to the $71 level over the next 3-5 weeks.  I do much better when I enter the orders ahead of time, so I’m gonna put an order to short 300 shares at $83.  If I don’t get filled within 2 weeks, then I will cancel the order.  I’m gonna put the order in now.

SRS is up pretty nicely this morning.  +$4.93 at the moment.  Trading at the $93 area.  I’ve got 200 shares from $83.50.  I love this recent surge, so I’m gonna hold tight on this position.  If we get above $100, then I will look to take short term profits and reenter.  In the longer term though, I like this puppy for the next 6-8 months.  If I’m right, then we should head up to the $200 level.  Lofty expectations, but that’s what the chart is saying.

I pulled my order for 1000 shares of SLV at $10.82 this morning because after further analysis, I think we’re gonna get a sweep out in the metals market over the next 3-5 weeks.  All signs are pointing to it.  BUT, I’d like to say that it will be a huge buying op.  Because this chart on the gold and silver are definitely bullish for the longer term.  When GLD gets to the $71 area and SLV to the sub-$11 area, then I will be all over them.

Alright, I’m done with the stock talk.  As you can see, I still put quite a bit of time into investing.  It’s just done in a different kind of way now.  No more sweating the ticks…that’s for sure.  F that.  I’m done with the sweating.  If that’s your cup of joe, then so be it.

So, I went to the range last night and I’m still SHANKING the ball.  Something just doesn’t feel right with my swing right now and I can’t figure it out for the life of me.  I’ve been scouring the net for suggestions/answers.  Let me tell you that it’s a miserable feeling when you’re out on the course and shanking the ball.  I haven’t even played golf since last Thrusday.  That’s how bad it is.  I’m probably gonna hit the range here in a second to get some grub and hit some balls.  If I can’t fix it myself within the next few days, then I’m gonna sign up for a lesson from a pro.  Maybe get them to video tape me or something.  I know that I’m hosseling the ball, probably with an open club face or coming too steep, but I’m not exactly sure why I’m doing it.  I’ve tried adjusting a few things like keeping my right arm tucked, and make sure that I come from inside out, but I’m still shanking every once in a while, so whatever I’m doing is not working.  I’m so bitter because I thought that I had gotten to a point where I was able to control my swing and now this crap happens.  Such a dagger.

Anyways, I’m going to the range.  I’m not gonna play a round until I can get this thing fixed.  I might rent out a hole at East Po for an hour just to try something different.

Interesting concept.

I wonder if it’ll work out or not? Ad supported music downloads. You figure that iTunes probably makes about a 30% profit margin on their music downloads, so the cost is only about 70 cents per song, maybe even less. And then advertising sites like google adsense and adbrite, etc., and those video ads, could potentially pay more than 70 cents per view/click, so I could see it being pretty profitable. The only thing is whether or not the money spent by the advertisers will be worth it or not. It could get quite expensive paying $1/viewer for the advertisers. Regardless, great concept though. I wish I would’ve thought of the idea.

So, I’m hooked up to my “money” Apple iPhone 3G right now at my local Starbucks in the heart of DC. It took me about 20 minutes to actually get a good connection, but looks like it’s working great now. I’m not exactly sure why I wasn’t getting a good connection earlier, but it may have to do with locking into a 3G band? No clue…I’m just guessing. When I initially got here, I did the whole netshare/ad hoc network thingy and got a very weak intermittent connection. I rebooted my iPhone a few times and finally got the connection that I was looking for. Pretty fast now. I got my Quotetracker running, along with IM and Windows Live email. Yeah, not THAT bandwidth intensive, but still, I’m using enough bandwidth to tell whether the connection is good or not. I’m pretty happy.

I’m probably gonna need to test this thing out in a few other hot spots just to see if it’s the real deal or not. For now, I’m golden.

So, I’m not quite ready to throw in the towel on SMN, MOS, and MON just yet.  As far as I’m concerned, we’re still in consolidation mode.  If we get a breakdown, then I’ll look to get out and/or reverse my position.  Same with oil and oil related stocks.

I had a few alerts trigger this morning. RIG at $125 and AVR at $6.50. They’re both supposed to buy signals here. I’ve decided to sit tight for now and wait for a better spot. Same with SLV. I’m looking to go long all of these stocks. Still got plenty of cash sitting on the sidelines, waiting. I’ll put it all to work sooner or later. I’m still waiting for a more definitive setup.

For those of you who have an iPhone, I just logged into the AT&T wireless premier website and typed in my “business” email address. I tried using my former employer’s email address, but I don’t have access to that account anymore, so I used my old Virginia Tech email address instead. Pretty cool, but they offer a 15% discount to all VT students, employees, or affiliated persons. It took less than 10 minutes to get the discount applied to my current plan. Should take affect in the next “1 to 2 billing cycles”. So, instead of paying the $92/month that I paid at Verizon with my not-so-”money” Treo 700w, I’ll be paying $60/month with faster connection speeds and a way cooler phone. I am starting to like this iPhone more and more every day. I should’ve gotten one a while back.

I’ve been hooked up to my money Iphone 3G for about an hour and a half now. Got disconnected once, but I was back on within minutes. Can’t complain too much. It was much worse on Verizon’s EVDO network. I had to reboot my Treo 700w frequently.

Alright, time to roll out. The day is almost over and I feel as though I haven’t done shit yet. Time to do something productive. Nap time.

I’ll probably play in this one tomorrow. We’ve been averaging about 25 players per tourney. FYI, Cardplayer.com is running the same tourney every week with only 5 guaranteed seats and they have about 60 players per tourney. I’m pretty sure that our overlay is better than theirs.

• Where: Bodoglife.com - Boogster’s $100k Qualifier
• Time: Every Saturday @ 4:35PM ET
• Buy-in: $10 + $1 NL Hold’em
• Prize Pool: All Buy-ins + 3 free seats to the $100,000 guaranteed on Sunday at 4PM EST ($109 value)
• Password: boogst100k

Don’t forget that we offer 9,000 boogster points for signing up to Bodog Poker. All you have to do is deposit a minimum of $20 and earn 400 bodog points. They also offer a 110% initial deposit bonus! Click here if you are interested.

It’s option’s expiration day.  The action has been pretty wild so far.  All of my stocks are headed in the right direction.  I’m still looking to enter SLV, despite it dropping below it’s 61.8% retracement level.  A little risky trying to catch a falling knife, but I’ve decided that if SLV dips below $11, then I will get a thousand shares.  $11 will be near the 50% retracement from its all-time high to zero.  I’m just playing it for a trade and I don’t mind holding it for a longer time frame…I’m pretty confident that I’ll get at least two points off the trade.  I’ve already put an order to buy at $10.82.

Been working on the Boogster Affiliate program for most of the morning.  Basically, anyone who wants to promote any of the online gaming sites that we promote will be able to get a better commission plan than the default rates.  For instance, if you promote Paradise Poker through our affiliate program, then we’ll give you $200 CPA per player.  Pretty sick rate considering the default is only €70 (or $100 USD).  If you have a blog or a forum, or just a plain simple website, then you can promote all of our brands through our links.  There are probably a handful of affiliate sites out there already, but none of them offer the rates that we offer, and none of them truly allow incentivized marketing.

Currently, there’s only a handful of competitors in this market:

• PokerAffiliateWorld.com
• B4Affiliates.com
• IncomeAccessOffers.com

That’s really about it.  The last one, IAOffers, has already closed shop.  I’ve never used B4Affiliates.com b4. The only one that I would recommend is PokerAffiliateWorld.com (aka PAW), but again, they don’t allow incentivized marketing.  Their rates are pretty good though, and they have a pretty good customer support staff.

Anyways, I remember back in the days when I was just starting up and there was no way that I’d be able to compete with the bigger guys, since they got paid more.  Well, that’s not the case any more.  With our affiliate program, you will be able to compete with big boys now.  All you need is traffic, and an idea.

I just thought I’d mention what I was working on.  I don’t expect many people reading this blog to sign up since most of the readers are traders, but this is Boogster’s Blog and this is what I’ve been working on.

Time to get cleaned up and answer some emails.  I’m taking a little break from golf because I’ve gotten a case of the shanks.  I hit em well at the range before East Po yesterday, then around the 8th or 9th hole, the shanks came back.  Ended up shooting a 104 at East Po.  What a disaster.  Two steps forward, three steps and a stomp on the foot back.  Dagger.  I hate golf.

Notice the trend here?  A few months back, it was “I hate trading”.  Time to roll.  It’s Friday, you ain’t got no job…and you ain’t got shit to do…