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Stock Sandwich

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Dude, that's not funny!

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"Will you leave him out of this? The man's suffered enough. He hasn't been able to digest a decent meal in six weeks!"

--Karen's Mother, Goodfellas


Do you wanna hear the madness that is my mind? I sat in bed this weekend debating (with myself) what the ultimate zag was. Is the true contrarian view that we break the October lows (as I've been thinking) or is a peaceful resolution to the Iraq situation the world class zag? Granted, I did Boo a solid by sticking with the fur--but don't kid yourself--I've been closely monitoring the collective psychology. If there are too many bears out there, I don't wanna run with the pack.

Quite possibly, both scenarios could play out and that's kinda been my thesis all along. I maintain that there is a bullish phase "out there" but the initial Shim lower was too orderly for my liking. IF we could get some panicky selling that flushes out the weak knees, it will set up for the Sham portion of my trading thesis (the stiff lift). Is it too cute to expect to catch both sides of the trade? Perhaps--and I'm staying super humble as we try and walk that fine line.

Looking at today's action, I'd be shocked if Slapper, er Snapper, peeks his beak out and turns this bad boy. Tape's that are heavy all day tend to end that way, the breadth hasn't upticked at all, the banks and trannies continue to act melty, Europe closed on it's low and I haven't eaten pretty much since Saturday. Kaaaaren!

Scanning our trading radar, CCU, FD, HD, OMC, TIN and TOl all report before tomorrows opening and they'll have implications for their respective sectors. The Goldy tech fete also continues with stalwarts such as EMC, MERQ, DOX, BRCD, STM, PMCS, ORCL, AMAT, VRTS, STK, LRCS, CHKP, DELL, SEBL, CLS, AAPL ADBE, BRCM, EBAY and QCOM all presenting. Not to be forgotten, Merrill kick starts their telco gig (SBC, QCOM, CSCO, BLS, T, BT, MOT, TLAB) and Advertising conference (OMC, WPPGY), the mighty Bear goes shopping with retail (PIR, AZO, S, WEN, ANF, LIN) and Beek's will drop off a consumer confidence (exp. 77) and existing home sales (exp. 5.8MM).

Meanwhile, out of left field, Cary Kahn from Colorado has taken the auction lead with an impressive $8500 bid! Man, I sure hope he's not a Bronco fan--I'm not sure donkey's are allowed in Minyanville! Oh relax, I'm kidding! In all seriousness, Cary--that's awesome. Thanks for the kind bid!

I'll be back...I hope!

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position in qcom, emc

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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