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Hey Boo--you want to go SHOPPING? or maybe to a BANK?


Some quick thoughts from the front--I know you guys are schvitzing (you should see my shirt!).

First and foremost, that squeeze was caused by three dealers walking into the pits and catching the locals short. While that's what happened, let's look at why it may have happened. The transports reversed huge and were actually up for a second (blink and ya missed it). That, coupled with the action in the retailers, planted the seed and got things moving.

What have I done? On that mini-pullback, as discussed, I took some exposure off. Not all of it, mind you, but some--I always strive to respect the Minx and the action in the financials, the balancing of the breadth and the illiquidity in the marketplace dictated doing so. As I've still got some short side exposure on, mind you--as, and such, I'm gonna leave one leg in the beast for the time being.

Meanwhile, an "anonymous bidder" from Joisy has entered the charity auction with an $11,000 bid for the day in Minyanville. This generous soul asked that I respect his wishes and keep his name out of print and I'm happy to do so. Still, nachos gracias mi amigo!

I'll be back.
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

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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