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Random Thoughts

By never own enough when a stock is trading higher and you never complain when you're making money.

  • Apologies for the Monday MIA, Minyans, as I was wrestling with a critter of a different kind.

  • Is that reverse dandruff in the yellow metal? It feels like it although, in the interest of being forthright, I'm far from a full position. I pared my (trading side) "stuff" longs into the FOMC last week and, while I'm 'there,' I'm not brimming at the gills.

  • I'm told there were some meaty put buyers around yesterday in the retail complex ahead of Tuesday's numbers. So ya know.

  • Snaps to Peyton and the Colts for shaking the monkey off their backs. I was rooting for Da Bears but Indy paid its dues and deserves a crown.

  • Our triple acne tells mixed---the Russell is above 800, the piggies are AT BKX 119 and the Trannies are back below the all important TRAN 5K.

  • "I mentioned at the TD-AMTD APEX Show (in Houston), while Todd sat next to me dreaming of wearing a cowboy hat, chewing tobacco and letting cattle roam the pasture nearby his gas wells (and none of those pesky state taxes bro!), that I thought the next private equity buyouts to surprise in size would be in the ole energy patch. If they don't, it's likely because the futures markets make them too expensive." Professor Ryan Krueger on today's Buzz.

  • So, the Raiders are 200-1 to win next year's Superbowl? Not rich enough for my blood but I would never sell an option at half a cent.

  • Many Minyans who attended MIM2 in Ojai were treated to a Transformations session with Dana Patterson. I know it's not for everyone but, for what it's worth, she's been my de-facto spiritual advisor for over seven years and I think she's superb. Keep an open mind and give her a try.

  • Do I own "enough" SunMicro, GoldenStar or ITT Corp? If I've learned anything, it's that you never own enough when a stock is trading higher. I've also learned that you never complain when you're making money--that's the ultimate "mush." All three remain on my laundry dip list.

  • I'm monitoring PHO (water ETF) as it probes the '06 high (I own a bit and plan to get more aggressive at lower levels). Water, as my friend Jeff Saut says, is a most precious commodity.

  • Personally, I won't miss Graem Bauer. He's always rubbed me the wrong way.

  • What's up with the Cisco Disco? I don't have much of an edge but, for what it's worth, I don't think it'll matter for the tape much either way. Too many variables and strong macro crosscurrents should put this puppy in the rear-view by this time tomorrow.

  • Is the tape vulnerable? Sure--but until the financials show signs of stress, the broader supply will likely be transitory.

  • Where should Minyans mingle for MIM4? Cast your vote now as we noodle our next steps!


Position in metals, pho, itt, sunw, gss, financials

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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