Patrick's Rants


Touch Screen in Your Car

Filed under: Geek News and Stuff,Goofy Commercials,Stupid Ideas — site admin @ 5:34 pm

Cadillac is adding a touch screen panel to your next car because, well because your phone doesn’t have any buttons anymore. It takes much longer to make a phone call with these new “smart” phones than it used to. And how many accidents are there going to be while you screw around trying to find the radio volume app on your car? Oh, they do have a disclaimer in really tiny print in the commercial about driving distracted. What’s more distracting than trying to figure out which screen you are on or trying to get to? Tactile buttons make the most sense when you think about it… so please car manufacturers, think about it.


Looking for an Online Broker

Filed under: Money,Retirement,Stocks — site admin @ 6:48 pm

Send me a private email to if you are planning on switching online brokers or if you need to open an account. TDAmeritrade offers bonuses (to me of course) from time to time for referrals and you can get even possibly qualify for a bonus for opening an account with them.


As Fast as I Can Pull My Finger

Filed under: Politics — site admin @ 8:18 am

The mantra continues,
Guns don’t kill people. People kill people. (Usually with guns)
Let’s parse the definition of what an assault weapon is. It might depend on what your definition of is, is. The specific gun used by this gunman was a Bushmaster .223 AR-15. Let me clarify this for the super parser NRA whores in Congress. AR stands for assault rifle. It didn’t meet Connecticut’ definition of an assault weapon, but the manufacturer clearer defines it as an assault rifle.

A surrogate for the NRA is out there on Faux News saying that if there had been an M-4 locked in a safe in the principal’s office they could have used it to take out the gunman in Sandy Hook. Really? The answer to what some consider too many guns is more guns?

My family hunts and owns firearms for protection. I have worked at a gun range and got to shoot many guns that I could never own. No one is saying that we want all guns rounded up and melted down into paperclips. We are saying – I am saying – do we need magazines that can hold 25 rounds of ammunition? Not for hunting and likely not for home protection – unless you are trying to “protect” your home from the “police state”. Do we need guns that will take a bayonet or grenade launcher? Probably not.

My older cousin, who is in the Army had, and probably still does, a number of guns that he took us younger cousins out to shoot when I was about 14. I don’t remember all of the guns he had, a couple of .22 rifles and one that looked a lot like the one used on December 14. I remember that he didn’t let us shoot too many rounds from that gun as they were more expensive. I also remember that the gun had almost no kick – he held it up with one hand and steadied it on his chin to fire several rounds at the target.

How about it being time to clean up the federal gun laws? Yes, we must have a well armed militia in case England tries to invade us again. I think today we might want to agree that the word militia is defined as the military. The Bill of Rights was written well over 200 years ago when we didn’t pay soldiers to fight for us, we all fought side by side with muskets that had to be reloaded after each shot. Guns come with serial numbers. What would be wrong with a nominal, or no, fee to register that firearm? We do it with cars. License gun owners to purchase and own guns. Make them renew the license every five to ten years. Licensees would have to have an eye exam and a cursory review of mental health along with a criminal background check and show proficiency with a firearm. I drive a 13 ton vehicle and have to get a physical every two years to protect the public. How is carrying a gun any different? A licensing and registration scheme could close the “gun show loophole” that allows sales to anyone who walks through the door. Putting a magnetic stripe on the back of a photographic ID that a seller swipes like a credit card for approval of a sale would be easy. Yes, there will still be stolen and unregistered guns on the streets and in the hands of unlicensed owners – it’s that way with cars too. Just because there will be some people who steal cars or drive without a license doesn’t mean we throw up our hands and say we can’t register any vehicle or license any driver do we? Let’s stop trying to make that argument about guns and get serious.

Of course, we could just start referring to you as the “Not Responsible Association”.


New Position

Filed under: Money,Stocks — site admin @ 6:59 am

I added a covered call position in HMY using a buy-write order. Using the buy-write order, you can buy the stock and sell the covered call in one transaction which saves in commission costs. HMY hit my screener and I decided to add 100 shares to my account. I placed the order to buy using the January $9.00 calls while HMY was sitting at just over $8.00 for a net debit of $7.60.
Here’s what happened, HMY dropped to $7.99 and the call dropped to $0.39 – net price $7.60 plus commissions.
This one is going to be a sit and wait, but three things are possible.

  1. The price goes above $9.00 by expiration, and I have to sell for about an 18% gain (in four months)
  2. The price just kind of hangs where it is… It’s a gold mining stock; it’s more likely to be all over the place. If it just “hangs”, the calls will expire worthless, I’ll have collected about 5% premium (~15% annualized) and I’ll be looking to sell another round of calls
  3. The price drops due to labor unrest (or any other reason, including bloggers on other web sites šŸ˜‰ ), I keep the option premium and have to sit on it for a while before being able to sell more calls or close my position.

Disclaimer: This is what I’m doing, it’s for entertainment and educational purposes only. I don’t expect you to follow my lead in any way shape or form. I expect you to do your own research, to make up your own mind and take responsibility for your own actions.


YHOO Final Score

Filed under: Money,Stocks — site admin @ 6:49 am

For some reason I was too busy to post last week when I bought back my YHOO 16.00 puts for $0.30. With commissions, the position was closed at $40.76. I opened this for $89.23 after commissions. Profit percentage just on the options is 118%, but to look at this properly one should calculate from the cash required to open the position: in the IRA, it’s 1600. That works out to 3% for three months. Not great, unless you compare it to just a straight savings account and approximately 12%/yr is not too bad.

I did immediately open a new position of the $15 April put. It’s a little far out, but I was trying to reduce my overall amount at risk, $1600 to $1500, and it was April that offered close to $1.00. Sold for $0.95. It’s a similar return to the 16 puts just closed out if it expires worthless.

I’m doing this in my own account, this is for entertainment and educational purposes only. I’m not recommending YHOO or any other stock. You have to make your own decisions


All Out

Filed under: Money,Stocks — site admin @ 6:49 am

I closed my final 100 shares of CMRG yesterday at 4.50. For these specific shares, bought 11/30/2011 at 3.20 it’s a 33% profit for just under a year holding. Total CMRG returns are at 2.34% due to not having the free cash to continue trading the predicted trading range. CMRG did hit both sides of that range twice more since which would have helped my overall trading profits, but I’m good with what I received.

I’m now out of CMRG. This is just what I’m doing, what you do in your account is your own business.


Romney Missing out on Obama’s Biggest Weakness

Filed under: Politics — site admin @ 8:31 pm

If you read or watch this story on Yahoo you would think that Obama has failed at creating jobs. Let’s repeat, 33 votes to repeal “Obamacare” by the Repugnican House, 0 votes on jobs bills. If they want to hammer him on jobs, they’re gonna hit their own thumbs.


I Want My Country Back

Filed under: Politics — site admin @ 8:24 pm

Facebook allows people to express themselves without having to have a whole lot of tech savvy. I guess it’s the wave of the future or something, click like on this share that and all your friends can see what you’re made of. A shared photo from the Tea Party states “Not a Democrat Not a Republican I’m an American and I want my country back”

So I have to ask: Do you mean the America that us White Anglo Saxons stole from the “indians” while forcing them to believe in our religions and killing them with our guns and foreign germs and built on the backs of enslaved Africans? Is that the America you refer to?

The Tea Party has confused ordinary citizens into believing it includes them. Someone I used to work with complained about the tax rate they paid as self employed individuals. On self-employment the social security administration will collect ~15.3% of profits. An employed individual pays the same 7.65% from their pay and 7.65% of their pay that their employer pays on their behalf. In the lowest tax bracket, you can expect to pay 15% on your income after deductions. So to a self employed person that is arguably a 30% tax bracket. Add a state income tax and it’s higher. The people crying the loudest about the tax code pay 13% and want it lower. Any idea where the rest is going to come from? Those tea leaves in the bottom of your cup.

So which America do you want? The one where you can’t get health insurance coverage, period, or the one where the insurance companies have to insure your preexisting condition because of “socialist Obamacare”? I know. You want the America where your tax dollars didn’t go to Michigan to save the auto manufacturers, where our manufacturing should be shuttered and vacant homes should be strewn across the country. The government shouldn’t regulate anything unless it’s abortion or lines up with your religion.

Tea Time.


Why You Should Check Your Email Address Book

Filed under: Politics — site admin @ 7:45 pm

Here we go again… I will add my comments at the end if you make it through šŸ˜‰ – Oh, and I would soooo hate myself if some spambot scraped these email addresses…..

From: Donna Weiler ;
To: Bob and Betty Combs ; Billy Mitchell ; Cameron Mitchell ; Chad Mitchell ; Cindy Eigner ; Di and Charlie Chenoweth ; julie weiler ; ; Pat Barber ; ;
Subject: FW: Why Romney is not likeable………
Sent: Tue, Jul 24, 2012 2:03:54 PM

Date: Tue, 24 Jul 2012 06:25:34 -0700
Subject: Fwd: Fw: Why Romney is not likeable………

— On Mon, 7/23/12, Mike Tokai wrote:

From: Mike Tokai
Subject: Fwd: Fw: Why Romney is not likeable………
To: “Mike Tokai”
Date: Monday, July 23, 2012, 7:28 PM

Subject: Why Romney is not likeable………

Very interesting facts………

One of the BEST things I’ve seen to date!!! Now, THIS is what we need to be circulating!
Why Mitt Romney is Unlikable!
A lot is being said in the media about Mitt Romney not being “likable” or that he doesn’t “relate well” to people. Frankly, we struggled to understand why. So after much research, we have come up with a Top Ten List to explain this “unlikablility.”
Top Ten Reasons To Dislike Mitt Romney:
1. Drop-dead, collar-ad handsome with gracious, statesmanlike aura. Looks like every central casting’s #1 choice for Commander-in-Chief.
2. Been married to ONE woman his entire life, and has been faithful to her, including through her bouts with breast cancer and MS.
3. No scandals or skeletons in his closet. (How boring is that?)

4. Can’t speak in a fake, southern, “black preacher voice” when necessary.
5. Highly intelligent. Graduated cum laude from both Harvard Law School and Harvard Business School …and by the way, his academic records are NOT sealed.
6. Doesn’t smoke or drink alcohol, and has never done drugs, not even in the counter-culture age when he went to college. Too square for today’s America ?
7. Represents an America of “yesterday”, where people believed in God, went to Church, didn’t screw around, worked hard, and became a SUCCESS!

8. Has a family of five great sons….and none of them have police records or are in drug rehab. But of course, they were raised by a stay-at-home mom, and that “choice” deserves America ‘s scorn.
9. Oh yes…..he’s a MORMON. We need to be very afraid of that very strange religion that teaches its members to be clean-living, patriotic, fiscally conservative, charitable, self-reliant, and honest.
10. And one more point…..pundits say because of his wealth, he can’t relate to ordinary Americans. I guess that’s because he made that money HIMSELF… opposed to marrying it or inheriting it from Dad. Apparently, he didn’t understand that actually working at a job and earning your own money made you unrelatable to Americans.
My goodness, it’s a strange world, isn’t it?

In reply,

  1. Do looks matter in politics? There are some butt ass ugly muffuggers in politics
  2. Um, how many wives has Obama had? How many did Clinton have? Reagan? Oh. Enough said.
  3. Except for the time when he “didn’t run Bain” but really did, or at least signed his name to the SEC forms saying he did. And the fact that Bain outsourced jobs and invested in an aborted fetus disposal company. And the Affordable Care Act – AKA ObamaCare – was modeled after RomneyCare
  4. Racist much?
  5. So?
  6. So?
  7. The America of yesterday? Even Jesus had prostitutes following him and my grandfather tells stories of “key parties” from when he was in his 20s. It’s the same America, really.
  8. The scorn as aimed at Anne pretending she has worked so hard all her life… so much harder than the single moms who held down two jobs and raised three pretty god damned decent kids like, um, my mom. Anne is a pretentious bitch who deserves the scorn she got by equating herself with moms who couldn’t afford to stay home.
  9. So some guy ditches school, trespasses in an apple orchard, eats the possibly fermented fruit, begins to write about angels and gold tablets and we’re supposed to just take that at face value? The church also condoned (and you can’t convince me they didn’t) the Mountain Meadows Massacre as well as the likes of Warren Jeffs
  10. Really, what is not relateable is how one guy crushed ordinary hard working Americans under his heel while he amassed fortunes for himself that he now hides outside the country. It’s not relateable how he could make fortunes while sending his former employees to the unemployment line (and calling what the newly unemployed are trying to do to scrape by welfare and lining up with the party that wants to eliminate any payments to those same poor schmucks they just fired). What’s not relateable is this idea it’s better for 1% of the country to feel all right while everyone else is just trying to hang on.

So, if you want a president who looks like he was carved out of cream cheese, is the 21st century version of a pillaging viking, follows a religion written from gold tablets that condoned murder and child brides – excuse me – still condones multiple child brides (Jeffs isn’t the only one still following this), whose wife doesn’t understand that just because most mothers are working mothers doesn’t put her on the same playing field as the mother who works 40 or more hours per week earning a paycheck and just as many or more on her children and family, and invested in an abortion disposal company, and hides his money by not even being as honest as his own father when it comes to financial disclosure, then vote for Romney. He might even kiss you before he gives you the “loving” of your lifetime.


Stock Round Up

Filed under: Money,Stocks — site admin @ 8:58 pm

My calls on YHOO were in the money on Friday so I had 100 shares assigned away from me at $15.00. Looking back I bought these on 6/23/11 for $14.98 so before commissions it’s $0.02 profit… but the last calls I sold netted $113.23 after commission and the calls sold over this year netted $347.04. For the year that’s 23%, for the single sale it’s 7.5% in 5 months. There are several ways I could measure the profit percentage, but these two are probably the most reflective of owning YHOO for the year.

This morning I changed my strategy just a bit from my original plan and sold the YHOO Oct 16.00 calls for $1.00. While I do look at daily gyrations, I try not to let them cloud my judgement too much. I’m looking to close the position somewhere around $0.30 which will require a bump in YHOO’s price or a serious decline in time value or both. If YHOO recovers from this total market decline I might be able to close out of this position quickly, if not I will have to wait until October to see if YHOO trades around $15.70 with no time value on the options. This is a bit riskier plan as I am selling these puts in the money by $0.40, but most of the risk is in the decaying time value.

This is what Iā€™m doing in my own account and is for illustrative and educational purposes only. Do your own research.

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