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The Neil Schpiel

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Be the ball!

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Love lost, such a cost
Give me things that don't get lost
Like a coin that won't get tossed
Rolling home to you


(Neil Young)


If the early bird gets the worm and last night's Microsoft (MSFT:NASD)news (potentially) opens a can of worms, I'm fairly sure there's a pretty snazzy analogy out there. As I couldn't sleep and started trading at 4am, however, I'll leave this morning's literary prose to Gaylord "Thick Skin" Fokker. Dude, if you keep using that sign off, I'm gonna start calling you Ms. Briss!

Shockingly, there's a few crosscurrents blowing in the early breeze. Mike Mayo, the influential banking analyst at Prudential, upgraded Citigroup (C:NYSE) from a "sell" to a "hold." That, coupled with the uncertainty surrounding Bill "Harry Potter" Gate's latest move should lead to an S's over N's session. In that regard, watch the financials in the old school and MSFT, Semis and Cisco (CSCO:NASD) for the four-letter freaks. Also, keep an eye on the OSX (oil service) on the heels of this morning's Halliburton (HAL:NYSE) upgrade.

If the bears are to shake their bones today, they'll have to borrow some Clearasil from young Martin. The NASDAQ and XBD (brokers) have broken out and the mo mo crowd will try to squeeze the cheese through the higher strikes (into expiration). Remember that the expiration exacerbation works both ways, brah, and if (big if) the slip starts to slide, there's also room for a downside view.

Back to Microsoft, there will invariably be a "positive spin" camp out there as some will applaud a more conservative accounting approach (and believe they'll retain talent). My concern is that it will pressure other tech companies (who don't have the cash reserves) to follow suit and dilute an already fragile earning's environment.

In Minyanville news, we've got a uber-snazzy announcement coming and the cat will be edged out of the bag in the next few days. Suffice to say that we're all very excited and a lot of children are going to benefit in the process. As soon as I get the nod from the left coast, I'll share the news--and I promise that it's worth the wait!

Knock 'em silly today.

postion in qqq, hal, msft
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