LIVING OFF DIVIDENDS & PASSIVE INCOME

I covered my puts on WCI today. Carl Icahn put in a bid for $22 a share when it was trading at $19.80 yesterday. So in today’s market where every was down, WCI was up 15%!!

I had enough second guessing the home builders. The real action was in the Lending stocks and I missed most that action. Anyway, CountryWide’s CEO was on CNBC today, lying about how great business was for home builders and that his company would do well by taking market share from all the sub-prime lenders. I was thinking of shorting the stock last week and I didn’t and its down 10% since then. I think this subprime malaise will spread to the prime lenders eventually.

Anyway I bought some June puts. Hopefully they’ll pan out. If they lose 50% of their value I’ll close them out. I’ll keep you posted.

• WCI Warns On 3rd Quarter Profits I've been buying long-term puts on a Florida condo & home builder called WCI and ever since then the stock has been up 20%. Finally after about 3 weeks they've warned the 3rd Quarter profits will not meet expectations. Hopefully the stock won't bounce on this news!!! the homebuilder was......
• Warren Buffett Now Works For Me! I finally purchased my first share of Berkshire Hathaway today. Yes, its only 1 share but at $4,700 per share you want to ease into this sort of investment! BRK has two classes of shares. The A-class share (BRK-A) which sell for $140,000 EACH and the B-class share. I obviously......
• Shorting the S&P 500 index Looking at the unbelievable Valentine's Day rally in the stock market, I decided the market might be heading for a correction. I read somewhere that smart money had the highest amount of short futures contracts since May of last year, when the market corrected quite a bit.The easiest and cheapest......

• How to Write a Killer E-Book Title to Boost Sales Your ebook may offer killer content, but unless you optimize the title to attract potential buyers to further investigate your offering you will lose sales. You need a great title, not just a good one. You need to stop the browser (virtual or in a bookstore) in their tracks......
• Tips for Investing Online The concept of doing your investing online through the use of an online web portal has truly revolutionized everything that financial trading is all about, especially in stock exchanges and in the FOREX market. Availability of resources like quick internet connectivity and portable laptop computers has made it even simpler......
• 3 Major Ways to Fail With Any Home Based Internet Marketing Business 3 Major Ways to Fail With Any Home Based Internet Marketing Business By Omar Negron Are you looking to join a home based Internet marketing business? This business is getting much more popular day by day because more people are seeing the opportunity to make real money online. Whether this......

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