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A Fine Shine

By

Man, I feel like I took a spin class--without the seat!

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You were caught in the crossfire
Of childhood and stardom, blown on the steel breeze.
Come on you target for faraway laughter,
come on you stranger, you legend, you martyr, and shine!


(Pink Floyd)



Man oh man! Ever see the movie Shine when Geoffrey Rush pounds the piano so furiously that the keys start flying everywhere? That's kinda what's going on here today. Wow! Every day is sheer nuttiness and walking through it with my fellow Minyans is an adventure beyond belief!

If I went back and read my posts today (which I always do), I'm sure the tone will seemingly shift into the late afternoon. I mean, I was cautious and selling rallies for most of the day and then BAMM--out of nowhere, I turn my back on Boo and start playing with Hoofy! Am I really that screwy or is there a method to the madness?

Here's the dilio. While I understand the dicey dynamic, my quack count justified putting on .25x of my defined risk upsides out to march. Is this inconsistent with the tactical trading style we've been discussing of late? In a way, yes. However, while we grind for three yards and a cloud of dust all day, we should always keep an eye on the safety to see if he's cheatin'. He may not be cheatin' yet, my friends, but he's definitely got a wandering eye!

With that said, there weren't many positives nestled in today's muck. The internals ended...anyone? anyone?...2:1 negative, the financials and semis got clipped for a percent, the geopolitical landscape isn't gettin' any better, Fokker has gas and I ended up hittin' a bag of cookies where it counts!

Tomorrow promises to be another wacky one (aren't they all?) but we'll worry about it when it gets here. In the meantime,it's Johnnie C's birthday and we're going out to celebrate with a gaggle of Grey Geese! Flickering ticks? They'll have to wait--there are more important things in life and having a drink with your buddy on his birthday is one of them. Spend your time wisely, Minyans--tomorrow is promised to nobody.

Have a peaceful night
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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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