Poker Blahs

Cashed in 50-50 at 153rd (154 paid).

I raised from button with AKo, SB min-raised. Flop came K hi, with 2 cards of my Aces suit. SB checked and I ignored every poker instinct I have and bet all in ( a little over pot) and lost to the AA I expected to see. I was a top 50 stack at time.

Had no traction in the Mookie, somehow got moved from SB to UTG+2 when table broke. UTG+1 I shoved 77 into QQ and AA and failed to suckout.

Left Dookie when I flopped bottom 2 + gutshot, decided Lucko had top pair but couldn't have two pair unless he playyed a dangler. I guess AKQ9 is not really a dangler so bad decision me. I had been running well until I hjammed a flop with double gutter and bottom pair and your Dookie champion called off all his chips with middle pair (5s) and overs but no real re-draw.

Jumped to big lead in push-fest when I scored 9k 1st hand and waited for table rebalance. Kat had a nice run to come back and win.

Flopped a straight in DS PLO, unfortunately the AA that had raised pre-flop caught his one flush draw and no flush draw folds in PLO and they seem to hit for aggressors 86.7% of time.

End of Poker Content

About once every 6 years I nail a stock pick. In 1996 I was working for TTC (a test equipment company that sold to phone companies so porn and poker could be delivered reliably). Digital Lightwave was a new company that had product that competed with a product that I was doing design on new options, what I designed was circuits that did pattern recognition. Vice President asked me to spend afternoon looking at Digital Lightwave as a potential stock play and determine if they really had more sales. After studying financials for previous 3 quarters I noticed, sales were increasing, finished goods were increasing but cash seemed to have decreased by the amount it would cost to build product sales claimed but nothing went into accounts receivable. My conclusion was they were claiming sales but moving units to inventory .

My VP thought theory was correct as did Western Region Sales VP. At Fall Sales Meeting CEO John was questioning Sales VP John about sales lost to Digital Ligtwave. Sales VP insisted sales were not being lost and called his broker and shorted 10,000 shares of DIGL. This opened my eyes to being able to make money on a stocks downward move, did not have the money to short a stock but learned of puts an bought 5 contracts.

On Jan 23, 1997 Digital Lightwave announced the need to restate earnings for the previous 2 quarters and would delay that quarters announcement and stock dipped from $23 to $2.

Day of announcement the winter sales meeting was in Denver. Sales VP John showed up already drunk on mimosas but had Champagne for all. There were no repercussions.

2001 was a simpler case, I not only chose right start-up company to go to but Market was tanking in early 2001 and my option agreement prohibited me from selling short or buying puts in acquiring companies stock. Fortunately I had noticed previously that Junipers stock and Ciena's stock seemed to move in lock step so I bought Juniper puts to hedge my Ciena stock (gained through startup).

This week I managed to invest money in the biggest gainer in the stock market on the biggest gaining day in the market in 4 years. I violated 2 bankroll rules (no fawking discipline anywhere) by risking 20% of account in a single company, and bought options week of expiration.

I liked money made but now poker seems boring.

If I could do this once a month rather than once every few years I could leave working for the schlubs.

But realistically if I had not read Amy I would not have looked at Lehman's chart, another chat pointed out that earnings announcement was happening pre-market. I don't get out of bed unless later research revealed earnings announcement date. The 2 hours I normally sleep in gave me most of my profits.

One of these days I will create a data collection program that can automatically look for trends that I believe offer good trade opportunities.

I have to believe there will still be money making opportunities from the housing market getting out of hand, just need to get ahead of curve and figure out the Level 2 and 3 impacts.