Close Oil Position. Still Short JPY

Close my Light Crude position at $67.92 for a quick profit.
Still shorting JPY. I think the yen has little upside risk. I might reduce my position if it moves to a level where risk/reward is too high…may be as low as 110 JPY/USD level.

Buy Oil and JAVA

Light Curde is down to $64.25 again. I’m going to buy a few contracts for hope that it may bounds back to $67 soon. Stop lost at $62.
Pickup a little more JAVA for 4 dollars and change.

Shorted yen too early

Strong yen just got stronger and I’m doubling up my bet and short more yen.

Yen is too strong

At 10:49PM EST, USD/JPY is trading at 96.19 and EUR/JPY at 123.16. Some say the strengthen Yen is due to carry trade unwind. Companies who borrowed yen to fund their business expansion now have to pay it back due to global economy slowing down. As yen appreciates, the cost of paying back borrowed yen goes [...]

Best Everyday Camera?

I own a consumer digital SLR camera and a few lenses. I guess for some people that qualifies me as “expert”.
A friend asked me what camera to get for everyday use. Easy to carry, indoor performance, and great picture quality are the requirements. He couldn’t tell F-stop from bus stop, so Panasonic Lumix DMC-LX3 is [...]

Bought some crude oil

Crude is at 67 and change. Maybe a bit over shot to the down side during New York section. Pack up a few Jan’09 futures contracts and hoping to make a few quick bucks.

Help the Poor?

http://news.bbc.co.uk/2/hi/business/7681435.stm
 
The article quotes a report saying in the nations surveyed, income of the richest 10% of people was, on average, nearly nine times that of the poorest 10%. In the US, the “rich” makes more than 15 times as much money as the poor. The income gap has widened over the years, so, in conclusion, [...]

IMAX Corporation (IMAX)

IMAX last traded at $3.50. Speculative play, but I feel confidence at this price level. I’m going to backup my truck on this one. If enough IMAX theathers opens next year to reach the tipping point, and IMAX’s digital projection gets trackion, IMAX could be an explosive stock.

Pickup some JAVA

I just brought a small JAVA position for less than $5 a share. Sun Microsystems (JAVA) has a history of making great product and poor profit. Not what I’d like to see as an investor. Sure enough, Sun’s profit dropped and so did its stock price. For $5 dollars a pop, I’m willing to [...]

Double-Take Software (DBTK)

Double-Take Software (DBTK) is a buyout play. DBTK trading at $7 and change. Forward PE 9.84, and EPS $0.63 is respectable. Virtually no debt and $3.357/share cash on its balance sheet means Double-Take can held its own until the broader market turnaround. That reduces the down-side risk for DBTK. DBTK is small enough and profitable [...]