A Trading Tip
The Dynamic Wealth Report
November 14, 2008
Can James Bond Make You Richer?
by Brian T Mikes, Managing Editor
November 14th is a national holiday. Only a few people are aware of this
important holiday. A few months back I declared this day as the “James
Bond Movie Release Holliday!” Silly I know. I drive my girlfriend (and a
whole lot of other people) crazy with my obsession over James Bond.
“Shaken, not stirred.”
I own every James Bond movie ever made. I’ve already purchased my
tickets for tonight. I can barely hold in my excitement. I love
everything about Bond . . . from the cars he drives to the women he
loves. I obsess over the quippy one-liners he delivers with a smirk.
I suppose my obsession with Bond started in college.
Back then the student center had an extensive collection of movies
anyone could borrow. The cost was “Free.” The perfect price for a poor
college student. Of course I took advantage of the situation. By the end
of my career as a student I had borrowed a significant number of the
movies.
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I was approaching midterms my freshman year when I stumbled upon my
first bond movie. All I remember was a mad rush back to the student
center. I had to get a few more Bond movies before they closed for the
night. I spent the entire night watching one Bond movie after another.
I’d found my escape . . . and a great way to procrastinate.
For those of you who share my obsession, I’ll see you at tonight’s
opening. For those of you who look at us a little crazy . . . well, I
hope you have your own obsession.
So how does James Bond relate to investing?
He doesn’t really. Try as I might, I failed. I searched for ways to tie
the Bond Movies into a great investment idea.
Maybe a movie maker stock, or a gadget making company with obscene
profits. To be honest I couldn’t find one. (I wasn’t about to tie James
Bond to investing in boring bonds . . . even I have my limits.)
That’s when I realized James Bond movies made me richer in other ways.
The movies and my obsession bring me hours of enjoyment. I truly benefit
from the way the make me feel. And that’s why everyone should have an
obsession away from the markets.
All too often I find myself stewing over the days market action. I’ll
toss and turn in my sleep wondering what my next move should be. I spend
hours analyzing past moves I’ve made . . . what works and what doesn’t.
It’s good to be reflective – but as the famous saying goes: “Everything
in moderation, including moderation.”
Are you the same way?
All traders hit rough spots. This market hasn’t been fun and lots
of traders are having a tough go of it.
The best traders realize when they’re struggling. Trades start going
wrong left and right. You start breaking your trading rules. Those “sure
thing” trades start losing money. That’s when you need to take some time
off. Don’t force trades. Don’t reanalyze your analysis. Just stop
trading.
All great traders step away from the computer to take some time for
themselves.
Disconnecting for a time is healthy. It can be as short as a few hours
or as long as a few days. When you return you’ll see the markets
differently. A new viewpoint will inevitably lead to better trading
success. A little escape can put you back in the right mind set.
Tonight I’m disconnecting by watching the new James Bond movie. I might
even follow it up with my own James Bond movie marathon. Come to think
of it, maybe James Bond can make us better traders . . . and richer in
the end.
• Cooper Tire (CTB) was upgraded to “Hold” at KeyBanc Capital. Despite
the sorry state of the automakers, an analyst decided car tires would be
a good investment these days.
• It seems the entire solar industry is being downgraded. Ascent Solar
(ASTI), GT Solar (SOLR), JA Solar (JASO), and
Sunpower (SPWR) were all
downgraded by a number of different analysts.
• Jeffries & Co just started research coverage on American Express (AXP). The initial rating is underperform. Big question, why cover a company
not worth buying right now?
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