Well, today we just crushed the market. (POT) was up huge, and MBI was down over 15%!!! How can you make so much money from two stocks? Well last night I gave my rendition on why MBI should be shorted, and it looks as if bad news and shareholders realizing their demise led the way to the down day. I covered my short position with MBI down 12.5% for the day. Not too shabby for a mornings work. Like I stated, we can make money in an up or down market. Today the market was up and I made money from going long some stock and selling short another company. Another big morning for Wednesday the 13th with First Solar (FSLR) at 5AM Pacific Time.
I have been working all day and trying to get my website up to date and ranking higher with the competitors in my business. The idea of multi tasking is evident in the efforts of the day. When you are dedicated to a task at hand, nothing can get in the way. The technology of allowing you to work on two computer screens or more has enabled many, including myself, to eliminate tasks twice as fast. I am currently scanning in images, editing a website, sending emails, listening to Larry Kudlow on CNBC, and trying to figure out what to eat for dinner! When you are pushed and realize that time does nothing but kill, you put more into that time. My idea is to work really hard right now, putting countless hours into work, and then be able to have time in retired life to relish on your accomplishments.
In SanDiego this weekend my buddy said it best "Success is when you are making 1 million in recurring revenue whether you're working or not." Heck why not 2 million? Everyone has their goals and we want to race our yachts and vacation on each others islands in Dubai. Good evening!
Eric Arrieta
President/CEO
www.rugby916.com
Tuesday, February 12, 2008
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