There is no need to panic, in my estimation. This pullback is of the garden variety. Clearly, there is a bid under this market. Look at heavily short tech names, like CIEN, OPEN or NFLX: sheer hell for short sellers. As you know, I added to a few names, namely CIEN, in order to take advantage of said squeeze. There is not much to say here, other than I am managing my positions in a very responsible manner. Those of you inside The PPT know exactly what I mean.
Ten thousand thank you’s to the Turkey Gods for blessing my FTK position with money flavored gravy.
Having said that, I have zero hedges going into Turkey Day. Moreover, should the market pullback today, I will be a buyers. I’ve told you ball suckers multiple times, I trade on a thesis. Even though I was tilted head sideways stupid in VXX last month, I never go into Thanksgiving short. I just don’t do it.
Top pick: CIEN
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First first.
That is all.
Check out the latest TSA incident video. Woman gets molested at the airport.
http://youtu.be/gD7sKEOtgSk
I don’t disagree with the thesis…but wouldn’t that fuck over the market for it to crater before Turkey day…just sayin’
Isn’t it gravy flavoured money?
______
No. It’s money flavored gravy.
How does a quarteback fumble with even being touched???
Very easy, if he is born with cerebral palsey.
Please be sure to remember to give to Easter Seals and March of Dimes this year.
________________
lol – mabe Kolb will be available at the end of the season.
That was a joke.
LOL
Eli’s Toyota is handicap accessible.
Retard should have his hands cut off for that fumble. That would learn ‘im.
______
Yeah, Giants might need to institute the threat of Sharia law to get the message across.
That would fix the interception problem too.
U.S. market is not cheap here. Based on long term secular cycles going back to pre-1900, and adjusted for inflation, we are still above trend. Reversion to the (long term) mean is probably in order for 2011, as we are sitting at about 36% above trend this month.
http://dshort.com/charts/SP-Composite-secular-bull-bear-markets.html?SP-Composite-secular-trends-with-regression
Enjoy this short term bullish cycle while it lasts.
Tell that to my bearded clam. Try to get a reaction out of him. Stoic, calculating killer.
(as most bivalves are)
_________
Someone should put a clothes-pin on his nephridia!
The Bearded Clam is like a riverboat gambler backed by the mafia.
In this case the mafia being a consortium of banks comprising the Federal Reserve?
Is there any other mafia consortium/ cartel that is so egregious?
Sold the rest of my CTRN overnight lotto position +10.80% and bought some VRGY. Will hold through tomorrow’s earnings.
we go higher
added appl ATM calls
bought vix jan11 call spreads
#6 Song … 30 minutes away.
It’s Monday let’s make todays prize a good one to start off the week. A PERSONLIZED FLY MESSAGE FOR THE ANSWERING MACHINE OF YOUR CHOICE.
Gimme Shelter- Rolling Stones
Um….no.
test
The Kinks – You Really Got Me
Nope…
Let the turkey gods rain coin upon all of us who believe…
7 minutes
Heard it through the grapevine.
Rock and Roll
Bohemian Rhapsody
No but Freddie had the best Rock and Roll voice of all time…
Nope. The guy from Stryper does. But Freddie’s good.
2 minutes
How about a Thanksgiving type song.
Homeward Bound- Simon & Garfunkel
or
We Are Family by Sister Sledge
Caddy,
Last week you were looking for BBQ places on you way to Columbia. There are 2 rihgt off the highway (1-70) downtown. ArthurBryants and Gates – the Brooklyn locations. Both are close together . I am a Bryants man myself (get the 2 meat combo pork /beef) . At Gates get the Gates mixed plate.
Thanks for the info.
I made a note on my car rental confirm.
I am going in about 3 weeks.
I have heard of Bryants.
Ladies and Gentlemen iBC is proud to showcase….
The V.King’s TOP 10 Rock and Roll Songs
#6 Born To Run
Bruce Springsteen
Springsteen played this for the first time on May 9, 1974 when he opened for Bonnie Raitt at Harvard Square.
In the liner notes to his Greatest Hits album, Springsteen wrote: “My shot at the title. A 24 yr. old kid aimin’ at ‘The greatest rock ‘n roll record ever.'”
There was a movement to make this the official state song of New Jersey. The V.King hates a lot of things, New Jersey is at the top of that list.
Based on the above information, stocks should trade higher by the end of the week!
Springsteen? You have to be joking.
That song sucks. http://www.youtube.com/watch?v=IxuThNgl3YA
Springsteen has a gigantic head for his body size. Not against that. It’s just interesting.
Which head?
hey,i picked that one for your lineup last week. bastad
I was hoping I could agree with you on one of these.
This “garden variety” sell off is starting to look a bit serious.
I’m not trading lower. Thanx to FTK and CRUS.
they said sept. is the worst month of the year and look what happened. don;t be fooled by the turkey gods!
bought 10,000 SCO 12.85
THQI doing nicely as well.
Please Market, go down, for I have ca$h to burn….
http://chart.ly/w9ecaek (Volume Profile). If Oil holds last week’s lows,an ES bounce back to intraday resistance at 1190 looks likely
Oh, and by the way
In soviet china, tweet sends you!
http://www.breitbart.com/article.php?id=CNG.019256bfe6ccb3a315e27f0faf7bcd07.861&show_article=1
“Woman may be ‘first in China’ persecuted over tweet”
FTK has FTK’d the naysayers. Way to go Senor Mosca.
As long as SMH and SOXX etfs as well their underlying stocks are doing well any sell off should be limited.
And a tech rally looks good.
If you are investing in oil, or particularly if you are shorting oil, look at the 15 year chart on this link:
http://321energy.com/editorials/Makrocheck/Makrocheck112410.html
Fed won’t allow it to break out, they already have POMO egg on their face…
It’s a global thing stupid. Are they going to finance Chinese oil stockpiling?
I guess they’ve done stupider things…
Sorry for the rudeness. Overtired. I retract the insult.
We’re Allowed to Trade Lower
Bullshit. I am afraid you will be placed on some sort of TSA watchlist for treasonous comments such as this.