TX, the Terminatrix. I learned while watching the T3 DVD commentary that Kristanna Loken studied Krav Maga to prepare for her role as TX.

Some pretty violent selling going on this afternoon... happy to have escaped with losses no larger than I planned for, between two to four percent. Cut your losses short, manage your risk... that's what it's all about.

ROXI and SHFL selling off hard now, good thing I closed them where I did.

You can see how nicely CRDN set up on the short side... too bad I was looking long.

Bummer, if I had shorted CRDN or IBIS it would have been a good day, but I thought the tone was pretty positive this morning and chose to concentrate on the long side. CRDN and IBIS turned up on the scanner early on, but I thought nah.

Sure enough, the strong selling in the broad market helped to force the longs out... I haven't gotten stopped on either ROXI or SHFL but they're right on the edge so I'm closing them now.

First I would like to welcome the visitors from Bear Stearns who are hitting this site at an unusual rate today. They're probably the force behind my getting stopped out of ROXI and SHFL. I should never post my p-stops. ;-)

Looks like ROXI may be taken down after poking that $5 level... just gonna have to ride it out, see if I get stopped or not. Ditto on SHFL which is stumbling at the midpoint. It's a question of whether the broad market will turn down and force the longs out this afternoon. See you at the close, guys.

I watched Rio Bravo last night and especially enjoyed the Dean Martin / Ricky Nelson duet (My Rifle, Pony, and Me). Strangely, I just thought of those lyrics from Fight the Power:

Elvis was a hero to most
But he never meant shit to me you see
Straight up racist that sucker was
Simple and plain
Mother fuck him and John Wayne

Funny how your musical memory works....

P-stop 4.80 ROXI.

Remember when I covered half my NENG short at $6.60, half at $6.06 the other day? Well it's now $4.60, maybe heading to $4.06. ;-)

P-stop 34.18 SHFL.

Looking long above a number of things: ROXI, SHFL, DCLK, among others.

Other than LOUD, which is holding up, the rest of the stocks on the scanner are classic Pop and Drops.

Stephen Roach writes in today's column about "the excesses of the credit cycle, the risks of a new wave of nonperforming bank loans, emerging inflationary pressures, and selected property bubbles" in China.

He also writes correctly about the hypocrisy of the West's demands that China revalue the RMB: "China is dealing with its growth excesses on its own terms -- not on terms that are politically expedient in the West."

Eyes on DCLK, EGHT, ICGE, LOUD, NTOP, ROXI, among others.

PSFT is also coiling, though it's not as pretty as CMVT.

PeopleSoft, 30-minute chart

Here's the toke button... if you found this information useful.

You can see how beautifully CMVT is coiling. When you see that kind of range contraction you want to put the ticker on your watch list to keep an eye on it.

When I see these kind of setups, I make note of them. I'm planning to ask for PayPal donations in future... I'll email the chart of the candidates to folks who choose to toke the Chairman a few bits.

Comverse Technology, 30-minute chart

A kind reader pointed out that the Chairman's basic math skills are lacking -- the S&Ps popped around 15 points, not 25 points. Hey, what's a $500 error per contract among friends? ;-)

Previous Entry >>> Random Thoughts -- December 14