Stock Market Fluctuations & Water

Yesterday morning I got a pleasant surprise as Dynegy (DYN) was up 12% in my portfolio after a steady, downward decline.

After learning to be patient with my portfolio, it has really paid off. Dynegy has for example has earned me a 25% profit at times and put me in a 30% loss at times….but that’s in the short term. I won’t even bother explaining why long term holding makes a lot of sense, I’ll let Ramit Sethi from “I Will Teach You To Be Rich” do all the work.


Water Experiment Update:

After going home for Mother’s Day this weekend (I actually forgot to bring any clothes to Houston!), I found Barry yesterday and loaded him up with the remaining 60 bottles of unsold water.

Once we unloaded the water from my trunk, the sky became dark and the air became cool. Not good for selling water. Needless to say, sales were extremely low, and we rescheduled the selling.

Despite the results, Barry was still optimistic about upcoming hot, summer days:

So far, this bottled water thing is NOT going how I expected. But with the low sales aside, you’ve got to appreciate the fact his shirt says “Water $1” and then “Captain Morgan“!

Roadside liquor sales?? Now THAT’S a good idea!

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    Blog posted on: May 10, 2005

    4 comments on “Stock Market Fluctuations & Water

    1. jim

      I’m thinking the next step for this is “analyzing market trends.” i.e. checking the weather. Maybe only go out on days that weather.com says are sandwiched between hotter days, thus reducing the chances you go out and it’s overcast.

      Also, figure out traffic patterns so you only go on days with high traffic. Not knowing the area, maybe there’s lots of rush hour so you want to snag the weekdays and not weekends, etc.

      Reply
    2. Neville

      BLP,

      I picked Dynegy because I wanted a longterm turn-around stock.

      After the Enron fiasco, Dynegy got a lot of bad press because of their associations. The situation was not NEARLY as bad as Enron, and the company had hopes of a good recovery.

      They keep paying off huge amounts of debt every quarter, which many traders feel hurts their bottom line, but when they are close to being debt free the stock will do well.

      This is a very longterm hold of mine. A bit of a gamble, but we’ll see how it goes!

      -Nev

      Reply

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