Good morning, Sirs & Ma’ams

The 9th floor welcomes you, friend. I hope I find you well on this cold, Fall morning.

The weekend was a nice respite for me; my family gathered in the North where we drank chilled German beer and ate sausage and sauerkraut. There is something tranquil to sitting around a fire, in ones nicest holiday sweaters and scarfs, enjoying the company of loved ones to quality food and drink.

My positions are splitting two directions here. The downdraft is being pulled by BAS, which has denied the breakout. Thankfully, I unloaded a good chunk of shares in the mid $16 range, and can claim a mild victory in the event, despite the losses.

On the other side, you have CCJ breaking out. I have watched CCJ for more than long enough to dare declare this a pivotal moment. The company is ranged bound with a $3-5 standard deviation, creating >20% displacements. Every other quarter is a crash or bull run, depending on if you’re disciplined enough to withstand the onslaught.

Beyond that, preparations are being made for the feast. The Thaler clan is being hailed from the four fingers of Michigan – we will gorge ourselves in the ancestral home of a distant cousin this year. Scotch will be plentiful and wine will flow freely.