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: The Devil Made Me Do It!


Top-line vibes from the home office.


Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter.

I'm gonna keep this short and sweet as it's more of a communication than a musing; it is, after all, earnings season and this is no time to slack off.

Yesterday afternoon, on my way back to the office from a cross-town meeting, I began having sharp chest pains; it was nothing I've ever experienced and truth be told, it was incredibly painful.

I texted Jamie, my betrothed, and informed her that my heart felt like it was about to explode. She immediately called and told me to go to the doctor. "I can't, baby," I said in a serious tone. "There's too much going on; Apple (AAPL) reports tonight!"

The silence-and subsequent dial tone-was all I needed to hear; and I went to the doctor, more or less to keep the peace.

The good news is that I wasn't having a heart attack. The less-than-thrilling news was that I contracted something called Bornholm Syndrome, or "The Devil's Grip." It stemmed from an upper-respiratory viral infection-which was no doubt caught from the kids, as all of them have been sick of late-and the symptoms mirror that of a heart attack.

I am actually pretty psyched about this-relative to the alternative, that is-but I'm nonetheless laid up, infectious, and in a fair amount of pain. I will attempt to weigh in throughout the day on our real-time Buzz & Banter but I'm not sure how useful I'll be; the prescribed medicine doesn't lend itself to lucid and proactive thought.

Still, lemme share some quick and dirty vibes, in no particular order:
  • I offered yesterday that, "The path of maximum frustration tomorrow may include Apple decoupling from the broader market, as too many folks are focusing on this stock as the market." I still believe that could occur, so don't pray to any false idolatry today.
  • While Europe is bouncing today, keep DAX 6500 on your forward radar; if it breaks that level, the Head & Shoulders pattern "works" (in a technical vacuum) to DAX 5820.
  • Hindsight was 20/20 on Apple last night, given the shellacking into earnings and its reputation for sandbagging guidance. Vols were pumped 3x normal levels, however, which put the individual investor at a competitive disadvantage vs. Wall Street firms that make their living picking off "retail flow."
  • I'm still long some Banco Santander (STD)-despite the symbol-against a dollar neutral amount of S&P puts, both of which I will trade as a function of time and price.
  • I'm "on board" the Millenial trade (seeing through to the other side); I just think we need to restructure and/or destroy a ton of sovereign debt, in a peaceful manner no less.
  • That's about it-for the time being, at least-hit 'em hard, watch our trading tells (financials, high-beta, breadth) and remember that we all have a lot to be thankful for!

Twitter: @todd_harrison

Follow Todd and over 30 professional traders as they share their ideas in real-time with a FREE 14 day trial to Buzz & Banter.
< Previous
  • 1
Next >
Position in STD, SPX

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

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.

Featured Videos