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Random Thoughts

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The trick, when trading, is to use price to your advantage.

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  • President Fish, on our way back from the TD-Ameritrade APEX shindig in Houston, asked me when the best time to buy a "triple top breakout" is. I told him "the technical textbook says 'on the retest' of the acne level." It is in that vein that I scooped back some SunMicro into this morning's dip and stuck it away for a rainy day. Minyans will remember that we've trafficked in this name plenty over the years. I parceled out of it (a tad lower) when my risk appetite abated (as a function of my market sense). I'm not going gang busters, mind you, but I put a bit on and leaving plenty of room to scale lower if the fancy strikes.

  • If there is secular inflation in things we need--energy, healthcare and education--doesn't it make sense that those sectors will have sail winds at their backs?

  • To that end, Professor Ryan Krueger , for whom I have a newfound respect, made a strong claim that healthcare is in the early innings of a "crude-like" (upside) move while stealing the stage last night on the TD-Ameritrade market huddle.

  • A number of Minyans have noticed that many Minyanville initiatives--from our educational efforts to our charitable trust to our stylistic approach--is being lifted by 'others' in financial media. We see it too but it's all good. As I often tell our team, we need to worry when they stop crimpin'. Thanks, as always, for watching our back.

  • Professor Bennet Sedacca found this VERY interesting chart. Take note, Boo.

  • This would explain all the empty Hershey Miniatures wrappers on my kitchen floor this morning.

  • Again, the real test for commodities will come into play at CRB 293 (which will coincide with one of my driller plays, Weatherford $40). I'm watching that level like a Seattle Seahawk.

  • The crude liquidation continues (-3.3%) as forced fund selling comes home to roost. As I said to the awesome Ameritrade audience yesterday, if there isn't hedge fund blood in the streets, I will eat my hat at the next APEX live event in Anaheim .

  • I am, as you know, viewing this as a huge (longer-term) opportunity, albeit one that could have further pain before upside pleasure. Markets typically overshoot to both the upside and the downside and that's why a "4-handle" wouldn't shock me. Still, given the Art Carnage, does anyone else get the distinct sense that the OSX is trading supremely dry?

  • This complex is right in Ryan"Elbows" Krueger's wheelhouse. I would love to know what some of his favorite energy plays are. How 'bout Professor Adam Michael? (You'll see 'em on the Buzz!)

  • Who says you can't have your cake and eat it too?

  • We noted the "S's over N's" out of the gate and sure 'nuff, it's manifesting. I will also note the fantastic action in pharma as the DRG sprints higher. DRG 363 is the last resistance for quite some time.

  • CRB 293 until proven otherwise. Out of respect of that level--and respecting the process--I made some token sales in my metal holdings when I shifted some exposure to SunMicro (the entry level was a tad below $5.90).

  • If you dug Apple during the parabolic frolic, remember why you liked it when it's taking it on the chin (-5%). Remember, this puppy had a heckuva run into earnings and everyone knew they would be blow-out. The trick, when trading, is to use price to your advantage.

  • "When are you going to learn? Last time you disrespected the Gators, you lost our bet on the Final Four and National Championship. Do you have to learn another lesson? Here's the wager: $250 to Ruby Peck Foundation from me if OSU wins the National Championship. If the Gators win, you apologize on the site and vow to never disrespect the Gators again and you include one random thought per day for 10 straight trading days giving some praise of the University of Florida ." Minyan Charlie Poe

    I'm Sorry! I vow never to disrespect the Gators again!


R.P.

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Position in sunw, energy, metals, wft

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.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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