By Todd Harrison Jul 15, 2003 12:09 pm
There's nothing wrong with a little sushi on OUR time, Mr. Hand
- Trade to win...never trade "not to lose"
- With a bevy of upgrades heading into earnings, it seems as if everybody "knows" that Intel (INTC:NASD) will sound alright tonight. The zillion dollar question is whether it self-fulfills the gap (to 27) or is Yahoo'd (YHOO:NASD) on the news.
- Gold continues to struggle at the $350 level.
- It's nice to see Drew Barrymore find success as an adult actress.
- Fokker's favorite movie? Cocoon, naturally.
- I'm getting "hit up" a lot on the constructive charts in some of the retailers.
- The BKX, Citigroup (C:NYSE), GS (GS:NYSE) all have the same charts--big gaps below.
- My brother Adam just swung by for lunch...what a nice surprise. What are we gonna eat? Maybe some grilled Elmer!
- Breadth is starting to take a turn for the worse.
- Spam stands for Shoulder Pork and hAM.
- Commercial hedgers (who caught the lion's share of the rally) are now net short.
- I just had a vision--Elmer (clown nose and all) juggling chainsaws, bowling pins and fire. As time passes, more and more objects are tossed in the air as he furiously tries to keep 'em up.
- Hint: Saturday Night Live.
- Expiration typically skews the put/call ratio.
- Factor potential pink risk into your strategy if you're an active trader. For instance, see how Fannie Mae (FNM:NYSE) is drawn to 70.
- The underlying bid to the tape has been constant and impressive. That's bullish--until it's very bearish (trapped bulls).
- In South Africa, termites are roasted and eaten by the handful.
- Feel better Tony...bad backs are bad news.
- Minyan Trivia: What was the first man made object to break the sound barrier? The first winning answer sent to firstname.lastname@example.org wins their choice of a spankin' new Minyanville tee!
- Were some of the first quarter's tech earnings helped along by pent up demand (due to war)? We'll find out soon enough.
- The BBH (biotech holders) continue to act well after breaking out above 132.
- SushiTuesday...it's been a long time!
- "Economic history is a never-ending series of episodes based on falsehood and lies, not truths. It represents the path to big money. the object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited"--George Soros
position in intc, fnm
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