Sunday, August 31, 2008

Boring, Boring, Boring

GOOG is boring. Heebner is boring. Cash is boring. I've been in this funk now for a couple of weeks.

I'm way past reading for information. I read it because there's nothing else to read.

It takes me 39 seconds to go through the Barrons that comes to my driveway every Saturday morning. I look at the Market Laboratory. The short interest is not interesting.

By accident, I tuned into the Stock Channel the day Eric Schmidt came on Cramer's afternoon show. It was boring. Cramer asked him all the stupid questions that we would have asked if we'd been on.

Schmidt's answers were boring. But Cramer hung on every word like he was Moses, getting it straight from Yahweh.

It didn't have to be boring. It could have been interesting....

Cramer: "Why don't you split the stupid stock?"

Schmidt: "Why?"

Cramer: "Well - you know, man!"

Schmidt: "Wouldn't it be evil?"

Cramer: "No! It's evil if you don't split it!"

Schmidt: "I never thought about it that way."

Cramer: "It would be great, man!"

Schmidt (getting out his Blackberry): "OK. I'll call Larry and Sergey right now. How about 500 to 1? That way, we could be a penny stock. We'll have it out in Beta by tomorrow noon."

Cramer pops a vessel and faints on national TV. Medics are called. The Stock Channel switches fast to Becky Quick, interviewing Warren....

What can I say?

It's Sunday.

Thursday, August 14, 2008

E Pluribus Heebner

I got out my pencil a while ago. You know what that means.

Yesterday, we were down 3 cents. Today, we're up 4 cents. So, between yesterday and today, I figure I'm up a penny on Heebner.

If I put that penny together with the 49 cents that Larry and Sergey sent me, I'll be able to buy half of anything at the Dollar Store.

Wednesday, August 13, 2008

Enough about Heebner

I'm sure he's unhappy with the situation himself.

I'm down 19.5% so far. But that's nothing, compared to what happened in late December last. Right after Christmas, there were two bumps down from 63.55 to 45.08. Almost 30%. Glad I wasn't aboard then. I wouldn't be enjoying this nearly as much.

It's bad luck to buy high. It puts you in the position of becoming a long-term investor or a momentum player, depending on which way it breaks.

I'm now looking through my long glass at the far horizon. My White Whale is swimming in another ocean, on another side of the world. It'll be new moon in April before we meet up again. har.

Tuesday, August 12, 2008

The Devil and Ken Heebner

I don't buy the theory that, just because I bought the fund, Heebner is going to lose his touch. The universe I believe in doesn't work that way.

But I could be unlucky. Or I could have some character flaw that makes me always late to the dance. These are imponderables.

The last couple of days, he was down less than a dollar each. Today, down 88 cents. A few cents here, a few cents, there. Pretty soon, we're going to be talking about real money.

I dreamed that Heebner met the Devil, at the corner of Wall and Broad, twenty years ago, and he bought a license to be the best fund manager alive for the next twenty years. And so it came to pass. But now the license has expired.

"For a sign," said the Devil, "look for a time when Blumen buys in. Then you'll know you've had it."

I don't believe that.

Monday, August 11, 2008

The Once and Future Heebner

Every time I look up CGMFX's closing price in Yahoo! Finance, I see the same old stories from last month:

Heebner's CGM Continues Winning Ways; Holdings Beat Market Handily in Q2
Ken Heebner: Best Fund Manager Alive?

I'm tired of reading these stories. I'd like to read what Heebner is doing now. So, this evening, I was pleased to see this new post, datelined today:

What's Next for Ken Heebner and CGM?

Wherein, alas, the question is asked, but not answered. Of course, nobody knows what Heebner is up to. But whatever it is, he did it back in June. Probably when we were all sleeping.

All I know is, I bought the fund a few weeks ago at 58.50, watched it flutter briefly up to 61, and then drop like a rock to 48. There was one day when it was down 3.56. But now, it seems to have found purchase somewhere because it's just going down pennies a day.

I figure he's out of that hot commodities trade he was in, since they're still going down and he's not. Something slapped him the day he was down 3.56, but he landed on his feet and appears now to be looking for a place to dig in his heels.