In 2001 I was “the bomb.” I mean I was the big swinging dick, the axe in the markets, the “schnitizel.” That’s what the cool kids say, right?
My god-daughter was born just two-years earlier and I was in love with her. I decided that I would do the god-fatherly thing and guarantee that her college education was totally paid for.
It would be easy because I knew them markets baby, and I could trade them like a pro. There was this hot stock called $CSCO that was having a temporary pullback. Buying it at $30.00 was friggin’ steal. Besides, I had sixteen years until my god-daughter would be going to college and by that time $CSCO would be probably at $5,734 per share.
It didn’t quite work out for me like I had planned, which I was reminded of when John Chambers, or as I like to call him “The Spectre of Death,” announced earnings yesterday that will put $CSCO back to 1998 prices.
I have a lot of ground to make up in the next six years, but I think I can do it. And now I have to focus on my own kids college education which is 12 and 15 years away respectively. But I think I have that one clocked, as I just put some money in $NFLX and $GMCR. By the time my kids are ready for college, well those stocks should be……
What bclund is, is the intersection of markets, trading, and life (with some punk rock, pop culture, and off-beat humor mixed in).
Brilliant stuff like this rains down like..well, rain, on my stream during the week. If you want to get wet, follow me on Twitter and StockTwits. You can also pick up my book Trading - The Best of the Best: Top Trading Tips For Our Times by clicking here.