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Random Thoughts

By

Cream of Snapper!

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  • Boo looked at the NCAA brackets and said he wished the market was that broken.

  • The NDX 200-day moving average was kissed this morning for the first time since last March. That level held thus far...but the trannies weren't as fortunate.

  • I miss my March puts. I would venture to guess that I'm not alone.

  • Will Hakim Warrick win next year's slam dunk contest?

  • NYSE and AMEX short data show a jump in short selling, but not a huge one, according to Phil Erlanger. The NASDAQ figures will be released on Wednesday.

  • Renegade by Styx is completely underappreciated in rock circles.

  • Remember, now that the BKX has split 10 for 1, the movements will be shallower. For instance, today's $1 move is a $10 drubbing in the old school.

  • We need some sharks (lawyers) in the 'Ville.

  • I continue to key on Microsoft (MSFT:NASD) and Citigroup (C:NYSE) as mainstay market tells. The former is uber-twisty while the latter has been a beacon of light.


  • 'Cause I'm the Melo, the fellow, the one who likes to say hello.

  • I'm pushing to have a cheerleader Daisy portrait rendered in time for the Final Four.

  • Gritty performance by a young Maryland Terrapin squad. Let's see if Snapper can follow suit.

  • Crude is taking a half step back after three giant steps forward.

  • I wonder if there have ever been Siamese Siamese cats?

  • There is an unconfirmed rumor that Fokker was a male cheerleader at Delaware. Not that there's anything wrong with that.

  • Anybody with money to burn will easily find someone to tend the fire.

  • You can't credit globalization as a root cause of the bull market (1999) and then dismiss it as a potential negative.

  • Downvolume/upvolume is 10:1 negative.

  • Newmont Mining (NEM:NYSE) is back at the $45 inflection point.

  • During the NBA finals a few years back (Lakers at Philly), I was in the Sixer locker room after the game and I saw Warren Sapp. I walked up to him, patted his (rather large) shoulder and said "I'm a die hard Raider fan but I gotta tell ya, you're a heckuva player." He glared at me with his bug eyes and said "Don't f***ing touch me!" I said "You're kidding, right?" and he then got in my face as if he wanted to "go." I backed off--I have pride but I'm no dummy--and returned to my column on Monday and offered him up as a textbook example that money can't buy class. That's still true--but I suppose money can buy Warren Sapp....and I have no choice but to root for him now that he's anchoring my defensive line.

  • The longer we stay down, the better chance we close on the lows (particularly if the breadth doesn't improve).

  • The Stanford loss was a net positive for my beloved Orangemen but Alabama is feelin' it right now. Should be a good game!

  • Box of Rain was written by Phil Lesh when his father died. Thanks to Minyan Doug Kass for that one--I know that song holds a special place in his heart.

  • I will be "in and out" tomorrow as I need to attend to some things before heading to the left coast. More likely than not, I'll be on the Buzz as that lends itself to quick blurbs and observations. I am scheduled to return Sunday but I'll do my very best to stay involved.

  • There was some seriously false acne floating around a few weeks ago (biotechs).

  • Is it me or are the Soprano's getting much better?

  • Watch the Russell 2000 as it migrates below three bottoms.

  • I really hope the Raiders get Corey Dillon. THAT would be a good pickup.

  • "Watch your thoughts; they become words. Watch your words; they become actions. Watch your actions; they become habits. Watch your habits; they become character. Watch your character; it becomes your destiny" --Zachery Blake
  • SOX 462 (200-day) is a level to keep on your radar--lotsa traders are keying on it.

  • It's not too late for Snapper but leadership needs to emerge soon to avoid soupdom.

  • I'm down 7 lbs. since the bet started but the chocolate cravings are starting to intensify.

  • You know it's been too long when you can't remember your last vacation.


    R.P.
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