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Random Thoughts


I've got it made, got it made, got it made...

  • I still don't know what's so great about sliced bread.

  • S&P 1260 is a level on alotta technical radars. With a (sustained) trade below--if and when--that'll morph support into near-term resistance. It's admittedly granular but for those looking to view the big picture as a series of little pictures (with defined risk), technicals provide a discernable framework with which to trade.

  • "While I know that General Electric "broke" under $35, I'm eyeing $32.50 as a major support level (back to 2004). If I were a bull looking for defined risk, I would set my stop directly under that zone and look for my pal Snapper. The stochastics have more twists than a Tom Clancy novel! Not advice, just sharing my eyes with ye faithful." Hoofy the Bull on today's Buzz

  • "With momentum measures peaking and trend indicators remaining positive, short-term mean-reverting trades become a more viable strategy. The hourly charts generated buy signals on Monday's close, as oversold conditions in reasonable proximity to support were accompanied by MACD turns higher. The magnitude of the rally is difficult to quantify as most intermediate trend indications have continued to deteriorate over the last several weeks. Regardless, a reasonable risk reward scenario has developed in our opinion." Lehman's aptly named chartest Jeff DeGraaf

  • Cisco is set to spew after the bell. While I don't have an edge on the earnings, we've seen a ton of February 17.50 calls trading of late. That creates a magnet, of sorts, once the catalyst passes.

  • I've set my (short side) stop on the other side of IBM $81. Discipline over conviction.

  • I was talking with a friend last night who reached out to a buddy after two years of not talking. Upon dialing his digits, he found out that his friend had passed away. That got me thinking--with so much work and so much life consuming us daily, how many friendships have slipped under my radar? Way too many, I realized, and it was motivation enough to reach out for a few "long time no speak" ketchup chats.

  • Chilly? Check out the snazzy Minyanville fleeces on Main Street. They're softer than the softest side of Sears!

  • Commodivols. Ya think? Gold is down double digits as the XAU dips 4%.

  • "I ran out of gas. I, I had a flat tire. I didn't have enough money for cab fare. My tux didn't come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake. A terrible flood. Locusts. IT WASN'T MY FAULT, I SWEAR TO GOD!"

  • SunMicro (SUNW) is sitting on the trendline from the November low. Just so you see it...and just so you know that I don't shy away from positions that are (thus far and marginally) moving against me.

  • Rolling down the street, the Homies are trying to defend HGX 260 despite Tolls (Oh) Brother(s)!

  • I'm tempted to rent a car in Boston just so I can honestly say "I pahked my cah in Harvahd Yahd." And, along those lines, Professor Succo and I will be heading that way around 1:30 today. I know, I'm a selfish slacker.

  • The biggest feather in Hoofy's hat? The financials are firmer than a college cheerleader.

  • Eye Poppers of the day include Google (-15), gold (-15), the XAU (-4.4%), the drillers (OSX -3%)


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Position in SUNW, IBM, financials
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