[youtube:http://www.youtube.com/watch?v=Wy-ht52-3pk 450 300]
In spite of being so sick that I almost coughed up my left lung, I embarked on one of my “drink ’til dawn, sleep ’til noon” episodes in celebration of last nights win. Needless to say, the hangover spilled over into today’s trading session. Live hard, die hard.
[[SNCR]] vomited all over me today as the company reported in line earnings, but guided lower. In addition, my accounts were down over 1.5% today. I feel like choking somebody.Maybe there is something to this tab’s “curse of Ducati”…..Naw…fuck that. I spit on the curse.
I spent part of the day trimming back positions in [[APA]], [[APC]], [[NUE]], [[AKS]], [[AGU]], [[UNG]], [[NGAS]] and a few others. As I had commented on an earlier post, the caution light is on. They’ve had some very nice runs since I bought them and I want to keep the profits, much to the delight of the IRS. I still have a bullish bias at this point.
While today’s correction was to be expected, it bears (no pun) watching closer. Fortunately for the bulls, this pullback was not on heavy volume, so throwing in the towels along with the bathroom sink is premature at this juncture.
(*cough*, *cough*…)…Off to eat more chicken noodle soup with Tylenol.
Parting thought: Jeff Mackey is on coke.
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