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Random Thoughts: Observe and Learn

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Keep your eyes and ears open to gain and edge.

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  • Jet Eww?

  • We can learn a lot just by watching (the Fed). Remember last summer? We were sniffing and scratching long before the wheels on the financial wagon began to wobble. It seems that they've been particularly proactive in the last few weeks-I wonder if Ben Bernanke sees Old Mother Hubbard lurking in the shadows?

  • Yes, deals are a sign of confidence. They're not a panacea-and one deal does not an M&A resurgence make-but it's a piece of the puzzle.

  • The most bullish thing about the Hewlett-Packard (HPQ)/EDS (EDS) (proposed) deal? The fact that IBM (IBM) trades as dry as it does.

  • Late yesterday, we noted that AIG (AIG) and Citigroup (C) (red in a green sea) spoke to looming supply. Watch these names (and the financials, in general) as we dance with Ms. Tyler.

  • The level of lore for Research in Motion (RIMM)? $138ish, from where it broke out.

  • I'm balancing patience and discipline as I trade around my Gannett (GCI) calls. I am, so you know, trading for a credit as I've sold enough to cover my cost basis and have remaining exposure in the name.

  • If you're sick, go to a doctor!

  • At the same time, I "went home" in my Schlumberger (SLB) puts this morning as it was a pure trade and trades are made to be taken.

  • "As the market rejoices at the Fed's unparalleled intervention into markets and the banking system, it may soon come to realize that at this rate the entire balance sheet of the Fed will be used up in an attempt to fund the banking system. The easy lifting has been done. As problems grow and the Fed has to get really creative, people will soon realize just how much risk they are taking." Mr. Practical on today's Buzz.

  • S&P 1405. NDX 2000. A day on the Buzz wouldn't be complete without mentioning these two motherlode levels.

  • Wasn't it Jeff Saut that said the next world war would be fought over water not oil?

  • "I can't stop looking at the ISE with multiple equity call/put readings above 200. It is just freaky optimism." Minyan Mark

  • Aruba, Jamaica, oh I wanna take ya....

  • News is always best at a top and worst at a bottom. The tricky nature of our current juncture is that the government hasn't let the markets trade freely. So while news is drekky, the tape is far from it's heels.


R.P.

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Position in GCI

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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