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Chatty Kathy

By

Let's go Chambo!

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Does she walk? Does she talk?
Does she come complete?
My trading room angel
Always pulls me from my seat


(J. Geils Band)

Hey, here's an idea Greg R.N, why don't YOU trade, YOU write and YOU talk to investors while I roll up my sleeves and set up the fax machine? I know--you keep getting distracted...the phone won't stop ringing...the sun was in your eyes...the dog ate your homework...I've heard 'em all before! Yeah, yeah,yeah...I'm being tough on the kid but hey, it's tough love. You can stop sending in resumes (for now)...I'm gonna give him a shot. And yes, Martin, that includes you!

The ebb and flow continues as traders jockey for position and I've drawn up a ledger as weigh the crosscurrents. On the plus side, Cisco, Orcl, Microsoft and Intel are all higher and when the four horsemen ride together, it's usually a good tell. Also, one could say that they "can't get 'em down" and, if this keeps up, the performance anxiety will start to kick in. Toss in the two positive pre's last night, lower crude and a green SOX and, well, voila! Over to the left (negative) side, we've got Europe, the financials (although clawing back), the internals, Dubya and a low VIX (complacency).

I'm gonna be uuber-tight with the bear leg and, depending on what we hear, I'll act accordingly. I'm admittedly wary of a potential turn in the financials but, again, one step at a time. I'm hearing Chambo (CSCO) is speaking now and it's "same 'ol, same 'ol" (so far).

Bill and Anthony just got here and, if I know anything, it's that I don't want to keep these guys waiting for lunch!

I'll be bah-hak.

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.

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.

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