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Random Thoughts


It's chilly in Red Dye Junction.


  • The sign said "eight items or less". So I changed my name to Les.-- Steven Wright

  • The ability not to trade is often as important as trading ability.

  • Lagarijo, a famous 19th century bullfighter, killed 4,867 bulls. It is unclear, however, if he was short the semis at the time.

  • Many Minyans have asked for examples of upside hedges. The IBM (IBM:NYSE) November 90 calls (see the gap above) and the Wal-Mart (WMT:NYSE) November 60 calls (earnings/potential acne) represent the "type" of options/charts that could kick in if the market parties like Prince.

  • Note the sharp reversal (higher) in the oil service stocks.

  • Albert Einstein was offered the presidency of Israel in 1952.

  • The gold ETF will be launched December 1st and the chatter on the street is that it's lending demand to the metal.

  • An oversold bounce was due for the dollar (particularly amid the loud declarations of death). It's coming back in today (read: for sale) but, more likely than not, the big picture degradation I envision will likely take its sweet time.

  • We're working on a new Minyanville professor that I'm certain you'll dig in a big way.

  • Ointment is a funny sounding word.

  • The chatter among the Rubyville "early bird special" crowd is that the bull market is back.

  • I just saw 500,000 SPY and 500,000 QQQ on the tape (being told it's a short cover).

  • Rick Mirer?

  • Layoff announcements from U.S. companies more than doubled in October to 171,874, the highest in a year, according to the monthly tally released Tuesday by outplacement firm Challenger Gray & Christmas.

  • The Associated Press is reporting that four large explosions were heard in Baghdad and smoke was seen rising near the U.S coalition compound. Prayers to our troops.
position in ibm, wmt, qqq

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

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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