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Random Thoughts

By

Watch the breadth for any signs of slippage.

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  • Greenspeak?

  • I was talking to a trader friend who opined that his sell-side path was a trip to "Nowheresville." I told him to take the high road and meet me in Minyanville. It's entirely less crowded and boasts a much better view.

  • I've still got the SunMicro (long stock) vs. IBM (long put) thing going. The former is a longer-term thang while the latter is a dandruff trade (with a stop above the 200-day/right shoulder). Big Blue traded funky out of the gate after closing at resistance. The tape may lend a bid to this pup but IF (big if) the Minx softens; it seems that supply is floating around.

  • Emmanuelle assures me that this season's Entourage is gonna be weekly water cooler discussion. I tried to spy some of the plot for ye faithful but she knows me all too well.

  • While January was a banner month for many funds, February served as a rude wake up call. My feedback from the sell-side? A) Commissions have picked up as a function of volatility and B) Alotta hedges were unwound over the last week or so.

  • Critters anyone?

  • While I'm still long a spate of puts in select financials, the token sales (when they were off 3%) takes a little pressure off. Funny how discipline does that, eh?

  • Answers I Really Wanna Know...

    • Do you see Nazz internals joining their big board breathren (2:1)?

    • Do you see the drillers flip the Red Dye switch?

    • Does Citigroup have room to $48? General Electric to $35?

    • Just how serious is this Bird Flu thing?

    • Are speed reading books self defeating?

    • What if there isn't a method to the madness?

    • If you're "option savvy," are you using these low vols to your advantage?

    • How many people are still playing the Google S&P add?

    • Are you aware that alotta folks are anxiously awaiting this 1pm bond auction?

    • Are we having fun yet?

  • If you saw this picture hanging in Pledge Spider's locker, would you say anything?

  • Professor Fleckenstein highlighted his thoughts on 3COM recently. I can't help but think of his similar take on AMD a few years back (when it was "hated" by the Street).

  • Keep an eye on Google and Yahoo! as they dip into Red Dye.

  • If you would like to set up your firm or university with a gratis trial--much like we've done for the likes of Smith Barney and Georgetown--please give us a ping and we'll take it from there.

  • This sucks!

  • The Homies are ticklin' resistance at HGX 260. I was noodlin' the notion of downside puts (with tight stops) but the twisty (oversold) stochastics gave pause to Boo's cause.

  • Please note that the NDX has effectively filled the technical gap created by last Friday's (lower) opening.

  • Wayne's World?

  • Minyan Poll: What say ye faithful regarding Rod David's content on the Buzz?

  • A Minyan pinged me to say "Five years ago, you opined that the opposite of love isn't hate--it's apathy. But isn't VXO 12 apathetic by definition? What if this is the 'other side of the bubble' you used to refer to?" Perhaps, although I will offer that 'my' definition of apathy is disinterest (ala early '70's).

    R.P.

position in SUNW, IBM, 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 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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