Random Thoughts: A Historic Milestone in Minyanville

By Todd Harrison  OCT 02, 2012 10:55 AM

What a long strange trip it's been!

 


MINYANVILLE ORIGINAL

Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.

The first day of the fourth quarter started as a lion and morphed into a lamb, with the mainstay proxies drifting lower as the clock tocked toward the close. 

While I used the intraday price action to rotate risk—I sold my Facebook (NASDAQ:FB) position when Sheryl Sandberg appeared on CNBC, and legged out of my remaining QQQ (NASDAQ:QQQ) puts when the tape slipped lower in the afternoon—the session was more or less a nonevent.

Enjoy it while it lasts for it won’t last long.  Earnings season kicks off next week and time will once again prove to be the most precious commodity (with “truth” and “trust” second and third).

Some random thoughts in no particular order:

R.P.

Twitter: @todd_harrison

Position in RIMM, GOOG