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The Neil Schpiel

By

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

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 todd@minyanville.com.

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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