Thursday, October 9, 2014

 

The stock market got slammed today. Fortunately, I’m holding a position in Apple, and that was the one shining star in the Nasdaq. I went long on Apple last week, and I am holding shares with an entry level of $99.39. Early this morning, I read that Carl Icahn, one of the most successful investors of all time, also thought Apple represented a great investment. He wrote a letter to Apple’s CEO with news that the company was grossly undervalued, and suggested a strategy to boost the stock price. Icahn and his team wrote that they believed Apple was worth more than $200 a share. I’m much more of a speculator. All of the experts advise investors to hold stocks for the long term. But today’s volatile markets offer too much opportunity for rapid trading. This strategy of rapid trading has worked well for me in the past. I anticipate that I’ll sell my Apple shares for a quick profit before the month ends, but I expect to exit north of $102.

 

Days since my release from prison: 423

Miles that I ran today: 11.1

Miles that I ran so far this week: 33.18

Miles that I’ve run during the month of October: 66.39

Miles that I ran so far in 2014: 1,930.41

Miles that I need to run in order to reach my annual goal of 2,400 miles: 469.59

Miles I’m ahead of schedule to reach my 2,400-mile goal by the end of 2014: 71.1

My weight for today: 168