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October 27, 2007

Empty Blog

Well, this page has been empty for a while. Sorry about that!

I don't have much to report, other than day trading is going well, the Red Sox are kicking ass, I finished watching all 10 seasons of Stargate SG-1 today, and I had a wonderful time with Helen in Dallas last weekend. The weather has turned cooler, and the forecast is predicting lows in the 30s and 40s for four out of the next five days. Excellent.

I hope all is well with you!

October 13, 2007

Virgin Mobile IPO


Virgin Mobile's banner outside the New York Stock Exchange last Thursday. Click to enlarge
Two days ago, Virgin Mobile (NYSE: VM) had an IPO on the New York Stock Exchange. Sir Richard Branson and crew rang the opening bell, and there were attractive women dressed as angels walking around the Exchange floor. It was quite a big deal and fun to watch, especially since Branson is just as eccentric as he is wealthy. CNBC even aired footage of him base-jumping following the opening bell.

Walking past the front of the Exchange on Broad Street later in the day, I saw the giant red banner pictured to the right; along with a big, red carpet; a stage presumably to be used for a concert in the afternoon (though, it rained, so I don't know what happened with that); and those lovely angels milling about. There was also a sound system playing the song "Maniac", which I thought was particularly appropriate for something associated with Sir Richard.

While I thought the fanfare surrounding the Virgin Mobile IPO was rather extreme for Wall Street but nonetheless entertaining, it seems Soleil Securities didn't feel the same way. In the afternoon, they initiated coverage on the Virgin stock with a "sell" rating. Ouch.

October 08, 2007

Political Compass

I was browsing Wikipedia today and found an interesting article on the Political Compass. Previously, I've found those types of tests are biased or not thorough enough to be accurate, but this one seems spot-on.

My result and the presumed results of world leaders are below. Perhaps you would also like to take the test? Let us know how you score!

My actual score was 0.25 (economic neutral) by -4.31 (socialist libertarian).




October 02, 2007

Candidates' Capital Gains

In next year's presidential election, I will not vote for Barack Obama. This is because he wants to raise capital gains taxes through the roof. All my income is capital gains, and it's already taxed at 35% (maximum), so I doubt anything else he has to say is going to change my mind on the matter.

Hillary has apparently said something about the possibility of raising capital gains taxes to "help the middle class", which is one of her big campaign themes. I can't find anything about her taxation intentions on her web site, but that declaration does not bode well for my vote, either.

I wonder about the other candidates, though? Aside from those two items about Obama and Hillary, I haven't heard much from the potential candidates about capital gains taxation. Have you?