You may have heard about Wallstrip here and there but it is up today with its first show. The concept is a daily video hosted by Lindsey Campbell about a particular stock, today is Apple Computer. Then through the conversation link on the bottom of the page you can read content about the stock featured in the show from several bloggers including me, Adam Warner, Trader Mike and the DayTrade Team.
I hope you will check it out and give it a chance. I am excited about it because it is very much a new thing. From the start of this site it has been clear to me, and I have been writing this all along, that the blogosphere will evolve to become a better source of information and investment process. Wallstrip captures a lot of process in the conversation and some humor in the video.
Will this end up as the thing? I have no idea but I think the concept is clever and I hope will be useful.
Unrelated; I have had some great comments like T's admission he made simple more complicated, a link to Jeff Saut's commentary from Mark and some genuine sharing of process from reader TomK.
Wikinvest Wire
8 comments:
Roger,
I am a regular reader of your blog. I had a question that Google could not answer and thought you might be able to help. I was looking at the BlackRock Global Energy and Resources Trust. There was a line with a "percent of portfolio overwritten" figure. What does "percent of portfolio overwritten" mean? I realize this is not a help site, but I figured you or another reader could give a quick explanation.
Ross
The only context I have ever seen "over written" is with call options sold (I suppose it could apply to puts sold against a short stock position too).
The description of the fund says it uses equity deriviatives so perhaps selling calls falls in there somewhere.
If you are long 100 shares and sell a call option you are covered. If you are long 100 shares and sell two call options you are over written.
My take is that they have sold more of whatever relative to their position.
Am I the only one whose firewall will not let me view the video?
I did read the conversation from the link at the bottom. Roger I love your blog. WallStrip may be succesful but it seems like opinions and hype.
Of course I think hype is making Cramer some money. Actually I like Crammer a lot when he is in explination mode, but when he is whipping opions on stocks quickly I think he is hype and not a good source of investmnet advice.
That said I think there is a lot of money and name recognition with quick analysis (hype). If they dig deeper they might see your blog and realize most of your work is good analysis.
I hope it works for you.
i just checked the video and it did play so it might be on your end, but Youtube was having problems yesterday.
Hype re:Wallstrip is probably not wrong. While it is reasonable to think a new venture like this will need some hype behind it as it gets going I will say my sense of proportion would invariably be incorrect about how muh hype it does or does no need. I tend to take the under on this sort of thing.
thank you for the well-wish.
Good job with the Wallstrip thang. I think it's an interesting way to combine some visual and commentary that will probably attract folks. Billions and billions of hits going that way me thinks.
I like the short and sweet aspect of it. Fits most folks short attention span just right...
Roger:
It is a real service to your readers to link to that Hussman post. IMO, he is very solid and his probability-oriented look at market returns is very helpful.
Your cool-headed views on the market and refusal to get caught in the trap of making rash predictions are also quite helpful to most investors. The pressure to chase the market is extreme at this point and it is good to hear views other than perma-bull CNBC personalities and "sky is falling, only I have the answers" bloggers.
Prescott Wayne
muckdog while I hope it becomes popular to be sure i think it becoming popular would bode well for the future of blogs and more importantly the tools andinfo that do-it-yourselfers can access.
Prescott Wayne, thanks for the kind word. Of course having met me you know that not only don't I have all the answers I may not have any!
Watching wallstrip, is like reading USA Today. For people who didn't make it past 6th grade.
It is all fluff, with nothing an investor would use to make an informed buy/sell/hold decision.
The girl was cute, but annoying to listen to.
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