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The Stand-Up Minyan


Maybe I'll get myself a fur rug!


I DO have to run out near the bell for a midtown meeting but it was important to me that I got a final post out to the readership. While Minyanville is purely an educational concern, I clearly take pride in the analysis we offer and will always strive to put our best paw forward. There are some days when that won't happen (it's part of the game) but the only sugar coating you'll find here will be in our Sweet Shop.

If you recall, one of my biggest fears for Boo was the reticence of the emotional types to get involved on the long side. That's been taken care of today as, from what I can tell, the upside sirens proved too alluring for them to pass up. Clearly, the boyz from Matador City have the momentum but I remain cautious of the ability for this rally to morph into THE rally. Perhaps that doesn't matter for purposes of our job but I'll always offer my honest take.

While today's spikage clearly broke some established trendlines, our old friends S&P 870 and BKX 725 are now within spittin' distance. There are many ways to skin a Minx and how you approach this juncture is a function of your individual horizon and risk profile. I'm not gonna say playing with Hoofy was wrong--we're clearly higher--but in our business, we must look forward as that's where the profits are. I'm keeping my right hand up, both legs in the fur and my risk profile defined.

I've gotta hop, my friends, so let me jump and juggle some hats. I know these are anxious times (in many ways) and it's easy to get frazzled. Don't let yourself get too "high" during the wins or too "low" when you're down--it's all about consistency and finding a comfortable stride.

Have a peaceful night.

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.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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