{"id":12159,"date":"2012-03-15T09:08:18","date_gmt":"2012-03-15T13:08:18","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=12159"},"modified":"2012-03-15T09:11:03","modified_gmt":"2012-03-15T13:11:03","slug":"a-small-day-trading","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=12159","title":{"rendered":"A small day trading."},"content":{"rendered":"

Day-trading on an event.<\/strong><\/span> I figured Greg Smith’s resignation letter in the New York Times would cause Goldman’s stock to drop and I sold it short first thing. By lunchtime, I was being corralled into going to the tennis. I didn’t want to have it open while I was away from my computer. So I covered my short. Profit was around $525. Here’s Goldman’s chart of the past two days.<\/p>\n

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I don’t believe in day trading. But this one seemed obvious. I’m guessing the whole thing will blow over and the stock will bounce back. Hence, I’m glad to be out.<\/p>\n

Greg Smith’s letter has started a raging discussion. Some people think the New York Times should never have published it.\u00a0 After all he was a disgruntled low-level employee. Others said “Right on.”<\/p>\n

Personally, as a client of Goldman, I’m not impressed with their client-pleasing skills. They’ve made far more in fees from me than they’ve ever made for me. And they have treated me poorly. I would personally not be one of their clients — if I had a choice, i.e. I could sell the funds I have with them at what I paid for them eons ago.<\/p>\n

If you didn’t read Greg Smith’s letter, click here.<\/strong><\/a><\/p>\n

California girls.<\/strong><\/span> She’s a mother of two, a successful chef and an immigrant from Mexico of 20 years.<\/p>\n

\"\"<\/a><\/p>\n

She loves big trucks. I photographed her and her big red truck yesterday on my iPhone 4 in La Quinta, California.<\/p>\n

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\n<\/strong><\/div>\n

Harry Newton who slept in this morning. It’s way early in California. It’s a little crazy trying to get up at 4:00 AM and finish the column by 6:00 AM.<\/p>\n","protected":false},"excerpt":{"rendered":"

Day-trading on an event. I figured Greg Smith’s resignation letter in the New York Times would cause Goldman’s stock to drop and I sold it short first thing. By lunchtime, I was being corralled into going to the tennis. I didn’t want to have it open while I was away from my computer. So I […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12159","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/12159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12159"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/12159\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}