Trade recap: Laissez les bons temps rouler!

Pardon the lack of substantive blogging (and trading) over the last few days; I was in New Orleans for a friend’s wedding. Saturday night I took my wife out to dinner at Restaurant August, one of Gayot’s top 40 restaurants in the US in 2008. We both had the restaurant’s seven-course tasting menu. I also made sure to get some very good (and surprisingly cheap) pastries at Le Croissant d’Or in the French Quarter.

Daily profit (yesterday and today): $69.90

Me enjoying a beef fillet at Restaurant August in New Orleans (course 5 of 7):
august

Disclosure: No positions. I have a disclosure policy.

0 thoughts on “Trade recap: Laissez les bons temps rouler!”

  1. Yo Reep Dog

    All this food talk makin me hungry. See if my sob story will get me some bucks from always payday and then hit up the speedway for the 2 weenys for a dolla. All the musturd an ketchup u can squirt. Arf

  2. Hey Reaper,

    Glad to hear you’ve been finding time to relax!

    I was wondering if I could get your opinion on VRMLQ; I’ve honestly never see a stock do anything like what it has done in the past month ($0.02 all the way up to $15)

    The “Q” indicates that it’s bankrupt and likely worth about $0.00, no?

    1. It is rare for a bankrupt company to have value for the shareholders, but not impossible. Considering their cancer test received FDA approval and they got some money from warrant holders exercising, they may be able to sell assets or shares to pay off their debtholders and emerge from BK safely. I still would not hold a stock like this long-term. They also havern’t filed a 10Q in almost a year.

  3. wnkender: Not sure myself, however, back in sept they did have a drug approved by the FDA – that could certainly have caused the spike. Q does mean in bankruptcy…however, remember a stock is ALWAYS worth exactly what someone is willing to pay for it. Perhaps they are restructuring?

    Anyway…I am logging on via my laptop today as my main machine died a terible death sometime during the night…so that is what I am working on all morning.

    Also, I HAVE to get my ticket/room for vegas — looking forward to that quite a bit! May just stay at the Excalibur so as to save on cab to the session each day.

    Wish me luck and good trading to everybody today!

    –Joe

Leave a Reply

Your email address will not be published. Required fields are marked *

Please complete the formula below to prove that you are human * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.