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Snowballs and Schnitzel!

By

Drive safely Minyans...it's slippy out there!

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Well I married me a wife, she's been trouble all my life
Run me out in the cold rain and snow
Rain and snow..., Run me out in the cold rain and snow

(Grateful Dead)

Well kids, another session is in the books and we can finally power down our systems and find that elusive balance. This business has a tendency to suck the life out of you (particularly during crunch time) but it's important to remember that we work to live-we don't live to work. I know you've heard this all before...but are you listening? Chances are if you're still in the office to read this last post, you can use a Q-tip!

Intel raised the midpoint of their guidance by 200 beans and, while that's clearly "good" news, it remains to be seen how much of it is already baked into the stock. This sums up the market's current juncture in a nutshell. The stock was at 13 and a laugh in October and rallied to 21ish before this latest slippage. Is this news enough of an "uptick" to take then name (market) to the next level? Well, we're down four days in a row and sitting on big support so if (big if) Hoofy is to put on a brave face, now's his chance.

As a function of the above mentioned conditions, I'm hopping home with one leg in my metaphorical bear costume (25% conviction on the short side) and "thinking" we'll have a chance to short 'em higher. The risk to that thought is that the long side is crowded and the short side is scarce-and other players may be thinking the same. Alas, that's tomorrow's business and I'm turning off the brain for the night.

Blazing Saddles took the crown as the reader's choice for funniest flick and I can't argue with that choice. It was interesting to note that Young Frankenstein only got one vote and I've always considered that to be the crowned jewel of Mel's collection. Regardless, everyone's a winner in Minyanville and I'd like to thank you for such a spirited response. I've said it before and I'll say it again: the good vibes and energy from our readership has been overwhelming. Don't kid yourself, there's a fantastic spirit brewing in our humble little town and you're one of the founding citizens. That is, in a word, awesome!

Have a peaceful night.

position in intc

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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