bmw ... AGM

annual general meeting ... let's see tomorrow how does the CEO & board of my struggling employer see the future for the company. i suppose it isn't rosy ...

well, after bmw presented its 2nd consecutive loss and 2nd worst quarterly result for approx 5 years a week ago AND the stock soared 7% (!!!) just because the stupid, corrupt analysts expected even a worse result facing that unbelievable stupidity i can just tell you: we earthlings are freaking doomed !!!

should i bet a tasty caipirinha in bmw employees' favourite pub / beer garden ziegelhaus that the most ugly phrase tomorrow will be 'financial crisis'? why? well, it is much easier to find some explanation for poor performance outside the company like dollar weakness (or strength and vice versa), high commodity prices, financial crisis etc. than to confirm own incompetence :-)

the highlights of the AGM: folks, it was soooooo boring today! the worst of all munich's AGMs i've attended this year :o(. they spoke a lot but said just sooo little! they've presented this worst result for the whole decade as a success, unbelievable! we are freaking doomed! btw, the earnings dropped by 90%, would u call that a success? would u be proud of that? probably not ... the time line of that AGM was also strange, i would like to hear some answers to few very well asked shareholders' questions, but they've waited sooo long with the answers that i've decided to leave that stupid self-arranged celebration of management's incompetence and went into my office in order to continue my day job ...

i'm worrying about their inability to:

• change radically
• take the right decisions
• motivate and empower employees to work hard

what will they do instead? IMHO, they will just continue to

• overpay their already sooooo numerous, aged, convenient (lazy?), overpaid management staff
• continue to close their eyes for employee suggested improvements (just look at this huuuge area of craziness ;o)
• isolate themselves from the real life out there ... just imagine, there were just 2 notebooks for the visitors with nearly completely forbidden internet access (there were just 2 (=two!!!) websites outside the bmw network allowed. btw, in the other AGMs (wacker chemie, siemens, man, allianz, munich re, ...) there is full internet access for all attendees (shareholders, investors, analysts, journalists, ...). why not @ bmw? what are they afraid of?

have there been also s.th. positive there? yep, i liked the probationary sitting in the rolls-royce phantom, took pictures of some old bmw cars, drunk some coffee, met a former colleague ...

great gorilla guru (GG) won some bucks in cmc's traders contest :o)

folks, have u seen the great gorilla guru (my code name :) on the podium in the just finished cmc-markets's trader contest boersenrennen? no? well, i wasn't there and unfortunately i didn't won the nice audi sports car either :o(

well, there have been such a complete farce in my office job [~robert kiyosaki: job is a temporary solution to a long term problem!] since march that i wouldn't find any trader's mood to compete anyway ... yeaaah? what does that bullshit mean?

ok, let's explain it a little bit :-). that real money (!) contest started few weeks ago with the account size of 300 €uros. i've bought one mini-gold-CFD and one mini-oil-CFD on the very 1st day just minutes after midnight. yesterday i've got the email about the very end of that contests, opened my cmc platform again, sold my 2 CFDs (otherwise they would be sold by cmc markets @ 6 p.m. anyway) and finished with 333 €uros as gold + oil increased over that period moderate. folks, it's 11% in approx. 2 months! could be worse, isn't it? yep, but who was the winner? a guy/girl called Trader299 with an account size of approx. 19,300 €uros and with that damned audi car on top! congratulations, Trader299 ...

ps: on the very first day the leading trader won about 2,000 €uros

pps: i suppose the most attendees went bankrupt, lost their 300 €uros, but hopefully have learned a lot about money management, position sizing, emotions etc. and wouldn't trade like complete bozos with their highly leveraged CFD-accounts next time ...

boring administrative issues

i'm updating my documentation concerning stock purchases in 2009, making P/L statistics, preparing documents 4 my tax application 2008, ... BOOOORING :o((

... 5 hours later ...

thx goodness, i've finished that torture :o)

wacker chemie ... AGM

annual general meeting ... well, 2008 was the most successful year in the more than 90 years of this sympathetic bavarian company. nevertheless, the dividend was cut sharply as in the 1st quarter of 2009 fell profits by approx. 95% which reflects the current very bad economic conditions around the globe. IMHO is wacker well positioned in silicium business (solar energy) + in various fields of chemistry (base stuffs for industries like construction, automotive, sports equipment, textile, etc.).

i was accomplished by a colleague who recommended that interesting stock to me few weeks ago (just before it increased 25% because of positive news flow :), so today's AGM was even more fun than usually => thx, hans-dieter :o).

folks, i wouldn't believe before in how many different products are components / base materials provided by wacker and you wouldn't believe how many pretty female wacker trainees supported the organization of that event!!! i've shoot a lot of pictures today :o)

stakes in 5 gold/silver mining companies increased

folks, i've bought few more shares in 5 precious metals companies yesterday, right before the huuuuge increase in gold/silver prices :o)

• scorpio mining - Ag, Zn, Pb
• uc resources - Ag
• vg gold - Au
• petaquilla minerals - Au
• adamus resources - Au

good luck, my pretty, shiny stocks :-))

+5.28 % today! SILVER, SILVER, SILVER ;-)

folks, my portfolio is +5.28 % today! commodities, gold, SILVER, SILVER, SILVER ;-) ... yabbadabbadoo!!!

stocks bought:

• crescent gold (Au in Australia)
• st. barbara mines (Au in Australia - new)
• orko silver (Ag)
• saft (-lithium- batteries - new)

what about my CFD trading account? well, approx. +15% because of silver, natural gas, o-juice, sugar, coffee

what a nice day today ;o)

trader club event :o)

folks, that was a nice evening with many interesting like-minded people, beer, looooooong discussions about trading & stocks & brokers & automated trading systems & markets & personal networks ... and of course about the life in general :o)

let's stay in touch with some of these people ...