Random Thoughts: Tying Up a Trying Day

By Todd Harrison  SEP 17, 2008 3:20 PM

It's been another one of those sessions.

 


Editor's Note: This content was posted in real-time on our premium Buzz & Banter and is being shared here for the benefit of the Minyanville community. See also The Upside of AngerIt's a Market of Money, Not a Money Market, Random Thoughts: Viva La'Merica!, The Sandman Awakens and Random Thoughts: Is This Capitulation?


Is it Really Only Wednesday? - 1:49 pm
 


Sighs-R-Us! - 2:39 pm
 


They call it... - 2:52 pm

Contra-hour is in full frontal effect as we "edge" through this most interesting day. I attribute this to three things:
 


Could this lead to the mother of all reversals? Sure, this is the Minx, she can do whatever she wants (we're just pawns). Do I think it will? Nope, not with 3:30 EST bringing the double whammy of stock buy-back haltage and redemption notices.

It's important to draw the distinction between trading opportunities and risk management. Should I have bought some Goldman (GS) under par ($100) for a trade? Yeah, prolly (the common, NOT options). Am I lamenting that decision? Dude--do you have any idea how many columns I've written in the last three days? (I do, somewhere around 18.)

Trading for me is just that, a trade. Minyanville is my single biggest investment (yes, financially, but I'm referring to my soul). No regrets as we stress and fret--just keeping it real, yo, and counting down the minutes till Adam and I grab a red spoon.

Fare ye well into the bell.


That Last Step was a Doozy... - 3:58 pm


R.P.

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No positions in stocks mentioned.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at todd@minyanville.com.

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