Friday, March 06, 2009
Shaken, not Stirred
(2)
As to the ingredients of an 'Irish Washerwoman,' I will leave that for you to decide. I'm sure y'all can do much more justice to the idea than I can at the moment. Not that I don't have... a few ideas... For example, an IW should be 'shaken, not stirred.'
The interview with O'Dumas continued:
----------
'I decided at that very moment - totally hungover - to recoup my losses. I signed on to my broker account. I then bought 100 shares of OMG. At first it went up as expected, but then there was a sudden reversal. OMG plunged! There is no other word for it. I lost two hundred dollars in two minutes! I sold at the bottom, then impulsively bought 100 shares of OSHT, which had been going up. Not a good idea: OSHT began tanking immediately. I got out, losing another hundred. I then noticed that RATS was heading up. I bought in. RATS then did a 180 turn within five minutes of my purchase and I was forced to dump it with yet another loss of a hundred. In desperation I bought a hundred shares of DAMN. Bad idea. The stock tanked within minutes and I was forced to sell again. Totally demoralized, I decided to wrap it up for the day. What a downer!'
'Wow. May I use your real name in this article?'
'Cost ya 50 bucks.'
'Done! So, whatever happened to WTF? Did you sell it?'
'OH SHIT!'
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I should hasten to mention that my experience was nowhere near as catastrophic as the 'Onionesque' article suggests. Furthermore I would never trade stocks 'under the influence' or 'hungover.' The actual value of my most recent venture into the stock market (my tuition) was mostly emotional: my right brain 'got it' more or less. It needed that.
As to the ingredients of an 'Irish Washerwoman,' I will leave that for you to decide. I'm sure y'all can do much more justice to the idea than I can at the moment. Not that I don't have... a few ideas... For example, an IW should be 'shaken, not stirred.'
The interview with O'Dumas continued:
----------
'I decided at that very moment - totally hungover - to recoup my losses. I signed on to my broker account. I then bought 100 shares of OMG. At first it went up as expected, but then there was a sudden reversal. OMG plunged! There is no other word for it. I lost two hundred dollars in two minutes! I sold at the bottom, then impulsively bought 100 shares of OSHT, which had been going up. Not a good idea: OSHT began tanking immediately. I got out, losing another hundred. I then noticed that RATS was heading up. I bought in. RATS then did a 180 turn within five minutes of my purchase and I was forced to dump it with yet another loss of a hundred. In desperation I bought a hundred shares of DAMN. Bad idea. The stock tanked within minutes and I was forced to sell again. Totally demoralized, I decided to wrap it up for the day. What a downer!'
'Wow. May I use your real name in this article?'
'Cost ya 50 bucks.'
'Done! So, whatever happened to WTF? Did you sell it?'
'OH SHIT!'
----------
I should hasten to mention that my experience was nowhere near as catastrophic as the 'Onionesque' article suggests. Furthermore I would never trade stocks 'under the influence' or 'hungover.' The actual value of my most recent venture into the stock market (my tuition) was mostly emotional: my right brain 'got it' more or less. It needed that.
