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Looking for a Spark


Long distance runner what you standing there for?
Get up, get off, get out of the door
You're playing cold music on the bar room floor
Drowned in your laughter and dead to the core

(Grateful Dead)

OK...I have to say it. Today's trading is like (gulp) pulling teeth! I know, Shrubs, it's getting old...but I couldn't help myself. I just lifted the ice pack off of my face, looked around at my desk and saw my traders in a collective daze. Fellas...wake up! Don't you know that the Minx is lulling you into a false sense of complacency?

I literally haven't seen a light ring on my board in a half hour (hint). It's just...dead. That said, this post is your friendly Minyanville wake up call to stay on your toes. It felt like this on Thursday (before the melt) and Friday before I left (and the tape spiked). The hardest part of doing less is the ability to stay sharp and ready to strike when it feels lullish. Don't fall prey to the Minx's trance!

Tomorrow should give us our much awaited spark as the Prudential tech fete kicks off. Among other notables, SUNW, SYMC, KLAC, LLTC, SLR, INTC, CLS CDWC, RATL, INTU, ALTR, GTW, MERQ, VTSS, EXTR, FCS, ATML, DELL, LU, FLEX, JBL and STM all give presentations and we should be able to fish out a theme. More importantly, if we're to look at our landscape as a market of stocks rather than a stock market, they will likely be some decent situations to trade. On the economic front, Beeks will swing by with the consumer confidence number (exp. 90) at 10am and our good friend Elmer (Greenspan) speaks tomorrow night at the Institute of International Education's annual awards dinner. Hey, maybe he'll plug Minyanville!

I'm gonna be scooting at the bell for a meeting so please understand if I can't sneak out another post. Before I go, I want to reiterate that when I post disclosures on the bottom of a particular column, it's NOT meant as a recommendation. Our fund has a rather extensive book and we view our portfolio as a sum of its parts. I would hate for any of the new readers to misinterpret this.

If I don't speak to you, good luck into the close and have a most peaceful evening.
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