Life is good

It has been a while since my last post. Mostly because I have been predominantly occupied by work,  resulting in little time for both computing and trading. That said; life is good!

Earlier this year I bought a majority stake in the Norwegian cigar importer Augusto International / Augusto Cigars . This has turned out to be quite a fun extension of my interest in cigars and as such is a great hobby.

For now, however, I'm mostly looking forwards to Easter holidays, which I plan on spending in warmer surroundings at the Canary Islands (Maspalomas to be more exact). I must admit I'm tired of winter in Norway and with 18 degrees in London on Thursday this week I nearly regretted going back home on Friday.

In usual tradition I have picked out a few books to read during my week in the sun, and to keep up with old tradition they are for those particularly interested in Finance and psychology this year as well;

Michael Lewis: Panic

"This book is a series of articles that form a coherent whole, discussing the four "once in a millennium" financial meltdowns we had in the last 25 years. Michael Lewis weaves them together by contributing a chapter to each of the four parts. His portions are of course the most readable and interesting (although Dave Barry gives him a run for his money writing about how to get rich in real estate). For readers that lived through these times, this book is a nice recap to jog memories for brains that may fade with time and for those that are new to the markets and think the crash of 2008 in unusual, this may be an eye-opener."

William D. Cohan: House of cards

"As William D. Cohan makes clear in his engrossing new book, “House of Cards,” Bear Stearns is also a kind of microcosm of what went wrong on Wall Street — from bad business decisions to a lack of oversight to greedy, arrogant C.E.O.’s — and a parable about how the second Gilded Age came slamming to a fast and furious end. " - NY Times

Michael Ridpath: Trading Reality

"Mark Fairfax's dynamic job as a trader suits him well. But when his brother Richard is found dead, Mark feels compelled to step into his shoes as Managing Director of a world-leading virtual reality company in an attempt to save it from bankruptcy. But soon Mark realises that his own life is in danger and he will need all his trader's nerve and quick thinking to survive..." Author's website

Hopefully I get around to updating the blog a bit more forwards (but how many times haven't I said that? 🙂

Intel beats estimates

INTC closed 2.06% up on expectations on the earnings to be released after regular trading today. The numbers came in favorable:

Intel Corp. said Tuesday that its second-quarter sales fell compared to the same quarter a year ago, but that business is picking up fast.

Even as revenue declined from last year, sales figures were better than what analysts had expected. Profits for the quarter were stung by a one-time fine from the European Commission.

At the time of writing INTC is up 8% in after-hours trading, a good sign for tomorrow.

Read news article

Intel tops forecasts, sees sales picking up