All
A pullback in the markets, but not a panicky rush for the exits. Maybe we really are getting past the overdriven emotions that have been dominating the marketplace. I’ve not done any trades again today — two days in a row. And that’s mainly because most of these stocks
All
Apple CEO Steve Jobs resigned last night. Let’s discuss. I’ll reprint the entirety of what Steve Jobs, the now ex-CEO of Apple, wrote in the letter he sent out at 4:40pm, two minutes before Apple itself followed his email blast up, with the formal announcement of their
All
And that’s a wrap. The markets started flattish and pretty much steadily rallied all day finishing up about 1% across the board. That is indeed exactly the kind of slow rebuilding and gradual intraday strength that the bulls should probably want to continue to see. No trades for me
All
Come on, my friends, Let’s make for the hills. They say there’s gold but I’m looking for thrills. You can get your hands on whatever we find, ’cause I’m only coming along for the ride. — Pink Floyd “What do you think of gold?” If I had
All
Oda Mae Brown: He’s stuck, that’s what it is. He’s in between worlds. You know it happens sometimes that the spirit gets yanked out so fast that the essence still feels it has work to do here. Sam Wheat: Would you stop rambling? Oda Mae Brown: I
All
I’ve been patiently waiting for the emotional spirits that drive the markets, especially when things get as volatile as they’ve been the last month, to play out before covering some of our many shorts or adding more names other than last week’s new purchase to the long
All
She’s got legs, she knows how to use them. She never begs, she knows how to choose them. She’s holdin’ leg wonderin’ how to feel them. Would you get behind them if you could only find them? — ZZ Top There’s some legs to that rally out there.
All
Another day, another rally. Ha, just kidding. But we are rallied up another 100 points in the DJIA this morning and it’s tried to stick so far. And I do think we’re getting closer to bottoming sooner rather than later. I’ll rephrase — I think this market might
All
Flat day at the markets and that’s not a bad thing. Some steady base-building would be best, but regardless of what happens in the next couple trading sessions, I’m starting to wonder if the selling is closer to being over than started. I bought some Riverbed calls as
All
Trading is as much art as science. And while the “science” behind my bullishness on Riverbed hasn’t changed while it’s been crushed from the $40s to $20, I’ve been saying things like this about my approach to Riverbed: Q: What is your strategy, if any, moving forward
All
Sweet-voiced daughter of Zeus from thy gold-paved Pythian shrine Wafted to Thebes divine, What dost thou bring me? My soul is racked and shivers with fear. (Healer of Delos, hear!) Hast thou some pain unknown before, Or with the circling years renewest a penance of yore? Offspring of golden Hope,
All
If the good Lord had intended us to walk, he wouldn’t have invented roller skates. – Willy Wonka Good day to you and welcome back to the skating rink. I’ve seen several headlines trumpeting how “The Bulls Are Storming Wall Street” and what not…but the markets themselves are
