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Friends Don’t Let Friends Score FAZ

Sometimes it’s not about the money, it’s about the high.  The high you get from being right when everyone else (or most everyone) is wrong.   Let me tell you it can be a heady thrill,  as good or better than any triumphs on the athletic or academic plain.

But I implore you to forswear this high.   Do it today.   For it will turn you into a ravening frog-eyed hermit, cursing the clouds and the crowds for not bending to your superior will and your knowing…. your knowing.

This is a game of accepting defeat after all, shaking the Fly’s hand in a firm, but gentlemanly fashion and then moving on.  It’s  not a game of self incineration.   We must keep foremost in mind that a mass of blackened carbon cannot sally forth ever again.   He can only sit, and smolder and fume and smoke…. 

And curse his fate…

On alternating Mondays.


   It looks like no one will be able to keep these commodities down for very long.   Is it the dollar?  Is it our interest rates?  Looming inflation?   I don’t know.   “KISS” — not the rock group but the acronym — instructs me to “K-eep I-t S-imple, S-tupid,” and so I will.

Just follow the trend til it ends.   

Is that instruction really that tough to follow?   Yes, the Devil Dog is in the details, but then you’ve many friends here (and on The PPT) with whom to consult.   We shall not leave your side despite your sweaty palms and mild B.O..      The bio-techs are still working.  Don’t ask me why, I blame CA  for starting the conversation with a grainy haus frau in a smoke-filled bar in Washington Heights three weeks ago.

You know how the flutter of the butterflies wings in a crowded tavern leads to hurricanoes in the porcelain room?     I like [[HEB]]-rews here, and First Phillip-ians [[MO]].    Another stealthy bio-tech I’ve been mentioning is [[SVA]] which had another solid day.  Last [[BIOS]] could take off at any time.    Or not.  I like it in the low 4’s.

As well, the commodites are working their tiny little mono-muscles .   General Jackson’s [[TC]] rebounded with great vigour (sic) and newly acquired [[TIE]] (non-Jackson) looks good too.  Even the PM’swere not pulling back with the vigour I expected from this mornings sad state of affairs.  My goodness, the worst hit Jacksonian was our highest flyer thus far, Mr. Anderson [[ANDE]], down a little over 3%.    By the way, if he could see his way to $28.40 tomorrow, or close thereby, he would offer an excellent entry for all those seeking his agrarian charms.  

Let’s look at the rest of the Jacksonian Core Holdings list, with attendant commentary:

Name 8-Jun % Change   Comments
ANDE  $ 29.12 -3.09%   Finally backing off a hot run. $28.40 entry.
EGO       9.27 0.32%   Gapped down, bounced off support & finished up.
GDX     41.30 -0.07%   Got our $40 target and bounced at support.
GLD     93.56 -0.16%   Hung on 20-day and 78% long term fib.
IAG     10.21 1.49%   Beautiful hammer off support, could be ready again
MON     82.79 0.99%   Still battling.
NRP     23.93 -2.33%   Still struggling with that $24 line.
PAAS     21.50 -2.63%   Another long tail doji, good EOD volume.
RGLD     44.10 0.05%   Gapped down, bounced off support & finished up.
SLV     14.76 -1.67%   Tested $14.50 early, then up the rest of the day.
SLW     10.18 -1.83%   Gapped down, bounced off support & finished up.
SSRI     22.13 -1.03%   Yet another hammer doji, this time on the 38% fib.
TBT     57.29 0.61%   $60 next stop.
TC       9.74 -1.81%   $10.96 near term target.  Another hammer doji.
TSO     15.68 0.77%   Wretched, but alive for today.
AVG   -0.69%    

Let’s hang together shall we?   I’d rather not hang separately.


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