Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Random Thoughts


You're gonna do what, where?!?!


  • The natural gas inventory data gave the OSX today's bid. The group doesn't "come in" with the market -- a sign of "dryness" (demand).

  • How do I incorporate "pin risk" into my trading style? I either "lean" against a strike (as an "implied" stop) or I'll target a strike in a name that has a high open interest relative to the average daily volume. For instance (and I'm not playing or advising this): If you wanted to short General Electric (GE:NYSE), 30 is likely your upside risk through tomorrow.

  • I'm craving Peter Luger's. Please don't tell Daisy, she'll think it's sick, perverted and incestuous.

  • How do you trap the maximum number of bulls? Fill their heads with quarter-end mark-up chatter, reverse before the week before and never look back. Is that the script? Not sure -- but wouldn't shock the schvitz out of me.

  • Oh, it's IN the computer!

  • There are different levels of levels. S&P 1005 was a short term "day trading" level while S&P 975 is an intermediate term trendline level (off the March lows). S&P 1000 is psychologically important and a "marginal" trendline.

  • Steve Rushin wrote a great article about Minyan Steve Kerr and the Spurs in the June 16 edition of Sports Illustrated. He hits the nail on the head: a classy guy on a classy team.

  • Will the fact that we haven't found weapons of mass destruction be the first domino that leads to a congressional hearing on the administration's "handling" of Iraq?

  • Fokker is getting saucy. He seems to forget that the keyboard is mightier than the sword. Does "leather body suit" ring a bell, kid?

  • Hearing that the macros are sellin' today.

  • Official expectations for noon release of Philly Fed is 5. I've heard whispers up to 10.

  • Don't be penny wise point foolish.

  • When does this become more than just a healthy pullback? Below S&P 975 (trendline).

  • Scotto Reamer is swingin' by for lunch. We canned the sashimi order in favor of cheeseburgers and fries. Rainy day menu.

  • The TICK just got to -999 for the first time since March. Wow.

  • The breadth is trending towards 2:1 negative. When is the last time we had back-to-back days with that?

  • If this rain keeps up, we're gonna have to build an ark for the critters.

  • The "sell the news" (on the brokers) strikes again.

  • Remember, negative gamma exacerbates volatility BOTH ways.

  • IF the tape turns, the SOX will likely lead 'em up. If the slippage continues, the financials should continue to lead the weigh.

  • Can Snapper emerge? In front of an expiration (negative gamma), anything can happen. Without sponsorship (or at least traction) from the banks, it's unlikely.

  • You own EMI? The music company?

  • KB Home (KBH:NYSE) and Solectron (SLR:NYSE) report after the close.

  • As a general rule of thumb, I believe that good things happen to good people and everything happens for a reason.

  • I miss summer camp.

  • Scotto's here -- gotta hop!
< Previous
  • 1
Next >
postion in spx, oih, smh
Featured Videos