Some Changes...

Well folks, I hate to do this, but it's time for some changes...

As you know, one thing that makes this blog unique is that I post all of my transactions in real time and real dollars.  The great thing about this is that I have an audit trail and verifiable track record.  However, there's also a downside...

For one, the blog is now mostly focused on logging my trades, which isn't much fun for me and probably isn't that interesting to you.  I mean aren't you tired of all my posts on buying/selling Sears?!  I'm also worried about blogging induced style drift - am I more risk adverse, does "talking my book" create commitment bias, etc.?

Now, I might have been willing to live with this if it were just my own money, but recently I took on outside investors.  This means I need to be very careful about anything that can bias my decisions or impede my investing process.

So, where do we go from here?  For starters I will no longer log my trades.  And as for the rest of the blog, well I'm still trying to figure that out... stay tuned!

Questions?  Comments?  Email mevsemt@gmail.com.

Trading out Sears common...

Man, Sears is really struggling these days!  Frankly, with things as bleak as they are, it wouldn't surprise me to see some big changes in the near future - perhaps we'll see significant store closings, or maybe a large real estate transaction.  Your guess is as good as mine.

So, with their stock in the mid-30's, I figured it was time to swap out the common and add some options!  Specifically, I sold my 400 shares at $34.25 (for total proceeds of $13,698).  I then bought 15 SHLD Jan 2016 $60 contracts at $4.40 (for a total outlay of $6,607).  Wish me luck!

Questions?  Comments?  Email mevsemt@gmail.com.