Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Dew Drops!

By

Discipline over conviction, Toddo--practice what you preach!

PrintPRINT

God help the child who rings that bell
It may have one good ring left, you can't tell
One watch by night, one watch by day
If you get confused just listen to the music play


(Grateful Dead)

Holy Daisy! A double shot of the Dead? Hey...it's my column and I can do that! Besides, if I'm gonna roll my stops down, I might as well roll away the dew! I currently have two legs in my metaphorical bear costume (50% conviction on the short side). The action is troublesome and the selling could accelerate-remember, tomorrow is expiration and that typically exacerbates the volatility. Still, and in the interest of using a real-time trading example, I'm going to roll down my stop on one leg to S&P 890 (cash).

The banks hang in there and, truth be told, that's the last bastion of hope for the bulls. Yes, NDX 1000 is holding (so far) and Oracle hangs in there-but the macro elements, the European weakness and the potential for pervasive dandruff (watch SOX 283, S&P 875 and NDX 975 for confirmation) is troubling. Hey, when in doubt, sit it out. I've said it before and I'll say it again-your ability not to trade is as important as your trading ability. Pick your spots!

I've made an executive decision and decided to take my critters with me to the south pacific. Daisy has been parading around the office in her three-piece bikini and every trader on my desk has developed a milk addiction. What a coincidence! Hey Bucky, do me a favor and put your tongue back in your mouth! She's a cartoon!!!

On the auction front, Kurt Butenhoff and Andy Srebnik have barreled into the fray with a $4250 bid for the one-of-a-kind signed critter poster (see below). It's ALL GOOD, friends, and there are a lotta kids who are gonna be really psyched as a function of the readership's generosity! There are some great Minyans out there and, as this community is predicated on positive energy, we're truckin' into the holidays with a lotta good vibes!. If you wanna join the fray, email auction@minyanville.com.

Oops, there it is...S&P 890 and one leg out of my metaphorical bear costume. This leaves 25% for the hop-a-long kid.

Fare ye well.

R.P


position in spy

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.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE