Option to Profit Book
Search
Ads
Twitter Stream

Recent Comments

Powered by Disqus
Clicky
Google Analytics Alternative
TheAcsMan Stats
TheAcsMan Feeds You

TheAcsMan.com no longer publishes original content material. Reprints of previously published "Daily Market Updates" available to subscribers of OptionToProfit.com appear for informational purposes only and links are de-activated.

Entries in New York Mets (2)

Tuesday
May312011

Appropriate Behavior is a Moving Target


 

A few weeks ago I wrote about why I loved modern times.

This past Friday, I had an opportunity to put my admiration for technology to work.

Although I was an early adapter of technology, having set up a Novell network back when it was v1.1 and the people in Orem, Utah knew me on a first name basis, I was very slow to pursue the personal technology explosion.

Mostly because I non't really believe in personal relations. Remember, I have no Facebook friends.

DroidI resisted the temptation of Palm Pilots, I eschewed all things iAnything and my personal cell phone has always been antiquated, although its tethering cords are spun of fine silk.

Admittedly, I've have some wanderlust for the iPad, but I know that once I make that plunge, the "cool factor" will officially be gone, so I allow the world to remain giddy while I stay unconnected.

In many ways, I'm still stuck in 1986, which was a very good year, including the birth of my first son and the last time my beloved New York Mets won the World Series. In many other ways, though, I go back much further.

But my 19th century sojourn in the land of cellphones past ended a few months ago when my son picked up a smart phone for me, as part of a "BOGO" deal.

Now, I'm an emotional cripple if my Droid battery dies on me, which it does seemingly every 15 minutes. Fortunately, most days I'm glued to the La-Z-Boy and all electronics are plugged and charging.

This past week was really my first test of personal integrity and respect of institutions, decorum and education.

Although I am essentially retired from professional life, I was attending a professional conference in New York City, that for all purposes, marked the end of my commitment to the organization that represents my healthcare specialty.

My final Board of Directors meeting was on this past Friday, from 9 AM to 1 PM.

But instead of paying much attention and contributing whatever wisdom remained in the now smoothened ex-fissures of my brain, I focused on my trusted Droid and its E*Trade application, although I occasionaly checked Twitter and read my daily Dilbert.

With every Friday now being an options expiration Friday, I really didn't feel that I had the luxury of paying attention to such issues as promoting life-long learning.

Did I really want to analyze budgets and P/L statements?

Not really. I wanted to make some trades and my Droid was my "bestest" friend. After all, even a couple of hundred dollars on an options contract expiring in a few hours was a worthwhile endeavor.

It just took time, effort and attention to find the right trading opportunities and the willingness to close my mond to other things going on around me.

My Sugar Momma of a wife would say that I was already quite good at that.

Now if I had happened on a student acting the way I was acting just a few short years ago, I probably would have had some very sarcastic, humorous comment that would have superficially covered some deeply seated anger over the wanton display of disrespect.

Man, I should have been a therapist.

But here I was, being the disrespectful kind of guy that I never really cared for, unless they could do it without getting caught.

Those guys I respected.

But I didn't even make any attempt to hide my lack of focus on the topic at hand. It's not like I hid the phone in my lap. I was fully engaged in a behavior that had evolved to a point that it seemed entirely appropriate.

Besides, I was too busy trading to care. I sold some JP Morgan Chase $43 calls that were set to expire later that day, as well as some Time-Warner calls, right after Time Warner went ex-dividend.

I made enough that morning to make me happy for a week and it at least makes up for Monday's day off, due to Memorial Day.

After the meeting was over and the market closed, I remained holding my JP Morgan shares, as the options expired worthless, although I did lose some other holdings, owing to a late surge in SPY and Freeport McMoran..

CarterLater in the day, as we sat with some friends in an Ale House, I was thinking about my behavior earlier that morning. It really didn't take much to get me to rationalize my "multi-tasking", particularly in light of the continuing education program the following morning on ADHD and OCD, but still, I felt as if I had behaved inappropriately.

As I had not yet dismissed any guilt over the morning, I re-directed my attention and admired the framed  collection of 1986 New York Mets baseball cards hanging on the wall. At that moment, we were all unaware of the news that was going to hit in a couple of days, that Gary Carter, "The Kid" had a rapidly growing inoperable brain tumor.

His card was front and center among a collection of great New York Mets stars, some of whom went to to inglory, wasting great talents and robbing the Mets of a potential dynasty.

Gary Carter was the conscience of the Mets back then. He was the leader and had a work ethic and zeal that was second to none.

To be both "The Kid" and the elder statesman of the team says quite a bit.

I don't know very much about Carter's life after professional baseball, but I imagine that he applied the same sort of zeal and enthusiasm to everything he did.

In my mind, Carter's behavior probably had not evolved, or from some perspectives on modern culture, devolved to meet society's changing directions.

Apparently, I don't have the same kind of moral compass.

During the lecture on Saturday morning, very possibly the last lecture I will ever sit through, I resisted playing with my electronic umbilicus for as long as I could.

As I looked at more and more slides on the topic, I decided that I had ADHD, and as such, I could excuse my need to shift my focus.

Unfortunately, the markets are closed on Saturdays, but still, there was no shortage of games to play, news articles to read or Twitter posts to make.

Reprehensible behavior? Maybe so to the me of a few years ago.

Today, not so much, but deep down, I probably wished that I could maintain the effusive energy and commitment to tradition as Gary Carter.

Eh, at least I made some money while evolving into a bad boy.

Here's to Gary Carter and a commitment to ageless standards. May you continue to make great new memories for you fans and admirerers.

 


Check out Recent PortfolioTransactions

 

Wednesday
May252011

Remembering Mark Haines

 



Does anyone really like a curmudgeon?

Mark Haines SzelhamosApparently so, because the truth about a deep down "softie" came out yesterday in the aftermath of the sudden passing of Mark Haines. We got a glimpse of that part barely 2 weeks ago when Mark Haines bid farewell to his broadcast partner, Erin Burnet.

The difficult task of making the on air announcement fell to Carl Quintinilla, who was choking back tears as we all sat stunned at the news. Newsmen don't usually do that sort of thing. They're stoic, unbiased and without on-air passion.

To break through that facade there has to be a very deep and personal connection.

CNBC did a wonderful impromptu job in remembrance of a bigger than life on air personality in the world of business news. Uncharacteristically, they recognized the continued existence of some past on-air personalities, such as Ted David and Liz Claman, by passing on their words of condolence.

These days, I rarely watch CNBC after 6 PM, but tonight had to be different. Last night, their 7 PM show, remembering the life and work of Mark Haines was truly in the spirit of NBC's past, "Must see TV".

As an inveterate and addicted CNBC viewer, I used to start off my mornings with Mark Haines, Joe Kernen and David Faber.

I was disappointed when that entertaining trio was split up, but came to realize that Haines could entertain on his own.

He entertained by being unlike anyone else on air. He didn't fawn over self-anointed experts or personalities du-jour. He asked probing questions and had very expressive body language, never seeking to mask his real thoughts.

Everyone is remembering a classic interview with Barney Frank. In fact, it was ironic that Bill Griffeth, such a genuinely nice man, was called upon to interview Barney Frank this afternoon.

Can you take a guess what kind of mood Frank was in when even slightly pressed?

As a liberal Democrat, I typically agree with Frank's positions on issues, but I just can't stomach his personna and pomposity. Although power hasn't corrupted Frank professionally, it certainly has done so on a personal level.

Who would ever think that two seemingly disparate people like Mark Haines and Stephen Colbert could be joined together in a non-partisan demonstration of just how pompous Frank really was?

Mark Haines and Stephen Colbert? One was precisely what you saw on air, the other a comedic parody, but with similar aim and goals.

Except that while Colbert goes for "truthiness", Haines went for "truth"

The man was never fazed, although sometimes he would lean back in that chair with a characteristic look of disbelief.

"Did that guy really say I what I think he said and with a straight face?"

Mark Haines obviously respected the intelligence of his viewers and the truth.

When was the last time you could say that about anyone on TV, where the superficiality is so overwhelming? In a "me me me" generation and industry, Haines stood out.

Definitely nothing superficial about him.

And yet, as I mentioned in yesterday's blog, in obviously an unrelated post, the world goes on.

Yesterday my son left for Army basic training. I couldn't hold back the tears any longer once my wife and I got back into the car. I did handle myself better when I had to make a late night run to his Army supplied hotel room to drop off his Blackberry recharger. It was like a bonus round for me.

This morning, when the news came, I had no tears, yet still a surprisingly overwhelming feeling of loss. The kind you have when you know there will be no bonus round.

Maybe it was the kinship over the New York Mets, maybe harness racing, maybe bringing Barney Frank down a peg or seven.

Whatever it was, he will be missed by so many. For me, it means that more of my TV watching will now become background noise. It never was when Mark Haines was on air.

I remember that when Szelhamos passed away, I was so grateful that my own children had gotten the great gift of knowing him.

Both of my sons are interested in investing, the oldest just having made his first entry into the markets last week. Neither are at the CNBC stage of their lives though and neither will see the likes of Mark Haines again.

Eveyone needs someone to be brutally honest with them and open their eyes. Haines did that every day. Reminds me of the scene in Moonstruck when Cher slaps Nicholas Cage in the face and says "Snap out of it". Except that instead of being a single scene, it was day in and day occurrence

When Mark arrives at the pearly gates, I would love to see his take and the questions he slings at St. Peter.

If anyone can get to the bottom of what awaits us, it'll be Mark Haines.

 

POSTSCRIPT: During an invited visit to CNBC in November 2011, I had an opportunity to see the sincere reverence with which Mark Haines was held by long time employees. What you see on the air, whenever his name is mentioned is the real thing.

 

 



POSTSCRIPT May 24, 2012: On the one year anniversary of Mark Haines' passing, CNBC commemorated his memory, including showing his portrait that hangs in the New York Stock Exchange. On this day, coincidentally it was once again time to send my son for the next phase of his Army "Advanced Individual Training." This time, a year later there were no tears. Time changes so many things. AS in the case of remembering Mark Haines, the on-air reflections evolved, but were no less touching. A year later, Mark Haines is still missed by many