Putting my money where my Yahoo is?


My post of about an hour ago, “Yahoo’s big day” convinced me I should put more money where my mouth is on Yahoo’s prospects so using the justifications below I just bought about $1000 in Yahoo March 30.00 calls. (in options “bought” is functionally equivalent to “bet”).

My kilobuck effectively gives me the right to sell 2000 shares of Yahoo anytime between now and March 17. For example if Yahoo falls after today it’s likely I’ll lose *all* of my bet. However if Yahoo rises to, say, $35.00 per share by March 16 I could “exersize” the options for a cool $10,000. Unlikely, but I think the market does not incorporate online advertising revenue and profit information very efficiently. In theory this means … opportunity!Today Yahoo fully launches the new ad matching routine, an artistic program formerly known by the name of “Panama”. My understanding is that if they can even come close to Google’s quality matching ads to searches Yahoo will make quite a bit more.

Yahoo’s a much higher traffic site than Google though Google still has the big search share.

Thus my bet is simple here – that people will realize this week that Yahoo has the *potential* for much higher revenues and profit, and his will bump them up 10+% by next week which would put these options in the money.

Options have “time value” which reflects the chance the stock will go up or down in value and they have “intrinsic”value which is the difference between the stock price and the option price. I paid .52 per share in the hopes the stock price will increase soon. Somewhat counter intuitive is the fact that even a modest increase, if it happens this week as I predict, could double my money without the stock ever reaching the strike price.

YHQCF
CALL YAHOO INC MAR 30
Quantity 20 Contracts $1054

Disclaimer: I also have Yahoo Stock. I could have bought about 40 more shares vs betting on these 2000 shares worth of options to rise quickly. But this’ll be more fun to watch for the next month.

Instant Update:
Wh00t Yah00000t! I’m up $120 after 15 minutes. So far this is fun.
Last Trade [tick] 0.58

DangerData.com blog is now live


DangerData.com Danger Data Blog

As a local I blogged the Kim Family search here in Southern Oregon, and it became clear that it might be helpful for search efforts to have more *simple* ways to distribute and share data, leads, and perhaps even harness the power of the collective intelligence of the huge online community.

Thanks to the Kim’s family friends, especially Scott, a website called JamesandKati.com served as a comment area and sort of “watering hole” for the enormous number of people checking in to follow that story.   Even this blog, “Joe Duck”, became a heavily trafficked news and opinion resource for many as mainstream media struggled to cover the story accurately.

After the heroic rescue of Kati and the children and the tragic death of James Kim many  of the officials and volunteers involved in the search began to post at the blog which quickly became it’s own community.

Input from several experts in computer databases and mapping led to the idea that a blog and database might be created to help with Search and Rescue and Missing persons.  The idea was to use online tools to enhance and help with the search efforts and more quickly spread the word on cases.    Glenn has been very actively working on the database component – more on that later – and eventually we’ll try to integrate the blog and the database.

The DangerData.com blog is a very experimental effort to help find people.  It won’t be a substitute for any existing offline or online efforts, rather an attempted enhancement.    Comments are welcome.

Global Warming Report logical conclusion: Ignore Global Warming?


My disclaimer: I’m a well educated and experienced (social) science research person and hardly ignorant about scientific analysis. Yet I still fear I must be missing something major in the Global Warming debate because I find only a handful of people agree with me that the current debates about Global Warming border on complete nonsense.

We certainly should look for CHEAP ways to reduce emissions. But we should NOT do the expensive things everybody seems to insisting upon now. I may revise my views when the next IPCC report comes out later in the year or when IPCC starts to address the economic implications of dealing with GW as they did in the earlier report. It was that report that led me to believe we should ignore global warming even though most others seemed to feel the IPCC 3rd report was a call to do everything possible at whatever cost to stem the tide of GW.

Of course there is Global Warming and of course it appears that human causes are significant – only a handful scientists believe otherwise. But it does not follow that we should forego trillions in global GDP in an effort to stop Global warming. On the contrary it’s not clear we should allocate any resources to the very low ROI Global Warming alleviation efforts while millions starve and die of diseases that cost dollars to prevent.

For the most part we should ignore Global Warming.

What should we do with the time and treasure that will likely be largely squandered failing to reverse the warming trend? Use these resources to solve the ongoing catastrophic conditions on earth that are the product of poverty and disease.

Bad water, malnutrition, and diseases like malaria run rampant in underdeveloped countries. Advocates for foregoing trillions of dollars in global GDP in the hope of delaying the effects of Global warming rarely (it would seem almost NEVER) even remotely contemplate the alterative uses for this money. The alternative uses are so dramatically superior to the life return on the GW investment that there is a *moral imperative* to ignore the warming in favor of saving lives NOW.

Ironically the current report actually *decreased* estimates for sea level rises, the median ranges of which are anything but catastrophic. Yet the media headlines imply something new has been learned. It’s been obvious for some time that humans play a role in warming. The issue we must address is: Should we forego trillions in economic development to delay the effects or should we solve other, easier problems? The answer is obvious – put the money where it will do the most good, which is saving the planet NOW, not later.

Why are so many failing to see the light here? I think several powerful forces are in play in this debate to fuel the intellectual irrationality. Among these forces are:

1) The selfishness and narrow focus that comes from our affluence. GW is seen as a threat to our personal affluence, rotaviruses and malaria are not. Picture a GW person strolling through a South African Aids ward with a can asking for carbon sequestration donations to see my point here.

2) Media frenzy, media math ignorance, and media excluding the daily catastrophes in health. The media, even non-commercial and blog media, generally seeks interesting and provocative content over reasoned logical content. Also, few journalists handle research well because they prefer reporting on contentious things rather than reporting the ‘gist’ of the subject in an educational way. This is why the current report, which mainly reaffirmed what most knew already, is presented as a big new indication that catastrophe looms around the corner. Media also fails dramatically to adequately address critical situations like Darfur, poverty, and global health challenges. These catastrophes are simply are not in the news, which needs to save precious room for the latest about Britney Spears.

3) The enthusiasm in the scientific community. I’m not suggesting the reports themselves are sensationalistic, rather what I think happens is that in normal scientific environments you have researchers checking and balancing each other. In the Global Warming community is seems it’s simply unacceptable to challenge the prevailing wisdom. Also, it’s simply naive to think that the jaw dropping amounts of grant money that are flowing into the process have no influence on research proposals. Scientists don’t have to distort the facts to create a problem – they just need to be silent when movies like “An Inconvenient Truth” suggest that science proves catastrophe is around the corner when science shows nothing of the kind. Example: Sea level rises were just predicted to be lower than previously thought. Unfortunately that headline won’t sell many papers or get any new grants funded.

4. Politics, rather than reason, allocates government resources and government attention. The above factors make it politically difficult to suggest anything but what many politicians are suggesting now – that catastrophe is looming around the corner and they want to fix it with more public spending. It’s not even clear you’d have a remote chance at winning an election on a “spend on Africa, not GW” platform.

This report would suggest I am wrong about this.

Consciousness is cool … and Qualey?


This USA Today article is a great summary of some of the latest thinking about …. thinking.

I had not realized how much research was going on down in La Jolla, California.  Sounds like La Jolla is the consciousness capital of the world.

My favorite insight from the article suggests that consciousness may spring from the interactions of a bunch of cell assemblies which together form something the researchers call a Quale.   The quale then is a “scene of consciousness”.

How long before computers catch up and become conscious?   About 2020 say most researchers.   I predict that the machines will be able to articulate the concept of consciousness better than we, and I’m looking forward to that conversation.

Hong Kong Harbor


Hong Kong’s Victoria Harbor is very high on the list of places I really, really want to visit. It is one of those spectacular and legendary places where an entire culture unfolds before your eyes.

New York Times travel reports today that the Mandarin Oriental Hotel is the place to stay in Hong Kong, but at about $560 for a harbor view room I think this other New York Times frugal travelers approach to Hong Kong is probably more my speed.

Photo Credit: Hong Kong Tourism Board

PodTech Bloghaus with Robert and Maryam = glimpse into future of reporting = very cool


Although Apple’s release of the iPhone at MacWorld sort of stole the show away from the Consumer Electronics Show in Las Vegas this year, I think PodTech / Scoble’s brilliant idea of setting up a “Bloghaus” at CES is one of the neatest conference ideas to come out in a long time.

Unlike some of the other early bloggers, Robert Scoble has been a strong advocate for the powers of blogging as cornerstone of commerce. His book with Shel Israel, “Naked Conversations”, was an excellent introduction for corporate suit people to blogging’s significance and also to blogging’s importance to a smart corporate strategy.

Many of the suits are still fretting about this and failing to grasp the obvious, but Robert’s new gig, PodTech, is proving a leader in innovative blogging, and I think the CES Bloghaus has set a new standard in the effectiveness of alternative reporting approaches and frankly what a “cheap date” good bloggers will prove to be. One prominent blogger wrote down there that he was heading over to bloghaus because he was running low on cash. “Feed me”, he begged. So for the price of a few beers and Pizza bloghaus gets a good writer and a good plug. And that’s good! I’d sure like to see a bloghaus at the next conference I attend. Sure, you can blog from anywhere at the conference with your laptop and WIFI, but wouldn’t it be more fun to be hangin’ at the ‘haus?

I’d like to compare some of the professional reporting coming out of CES with the blog reports. In other venues blogging generally wins, offering personal insight and expertise rather than a superficial skim of the topic. Also, bloggers tend to speak more frankly so you avoid the sort of “legally / commercially sanitized” fluff that sometimes constrains are reporter’s ability to tell the real story.

Bravo Podtech! Bravo Robert and Maryam and your team down there at CES. I only wish I could have been writing this … from there!

Laptops!, Step right up and get your laptops! Only $100!


$100 Laptop Website
News for the Community
Wiki

I love the $100 laptop project. It is hard to know this early on how the developing world children – and adults – are going to make use of these gadgets but if we let recent history be our guide it’s sure to shake things up a bit when you put a browser and a word processor in the hands of many more millions. Governments are stepping up to the plate and starting to buy these for their schools and children. Most importantly this device will accelerate the development of key skills and will pull the 1st and 3rd world together in ways that we can’t predict.

I’m confident we are now starting to dig into the meaty part of the most profound change in human communication since the invention of … language. Let’s hope we make mostly good use of this amazing global social connectivity.

More: www.cnn.com

2007! Where did 2006 go?


It sure is frustrating how fast time flies when you get older. As a kid you can’t wait to grow up and hit the road, yet as an adult you long for the carefree days of childhood.

Luckily the freewheeling internet business lifestyle doesn’t trap me in a 9 to 5 purgatory though, and I get to meet a lot of interesting folks and travel more than in the past.

2006 was a fun year for USA travel as I got to California’s Silicon Valley several times, Boston, Virginia, Las Vegas twice and Minnesota for Thanksgiving with my great in-laws.   I am due for a big international trip and I’m hoping I’ll make China happen this year.