TX, the Terminatrix. I learned while watching the T3 DVD commentary that Kristanna Loken studied Krav Maga to prepare
for her role as TX.
Posted at 4:43 PM, EST
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.
Posted at 4:01 PM, EST
ROXI and SHFL selling off hard now, good thing I closed them where I did.
Posted at 3:51 PM, EST
You can see how nicely CRDN set up on the short side... too bad I was looking long.
Posted at 3:48 PM, EST
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.
Posted at 3:42 PM, EST
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.
Posted at 3:36 PM, EST
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. ;-)
Posted at 3:33 PM, EST
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.
Posted at 11:27 AM, EST
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....
Posted at 10:49 AM, EST
P-stop 4.80 ROXI.
Posted at 10:35 AM, EST
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. ;-)
Posted at 10:34 AM, EST
P-stop 34.18 SHFL.
Posted at 10:32 AM, EST
Looking long above a number of things: ROXI, SHFL, DCLK, among others.
Posted at 10:28 AM, EST
Other than LOUD, which is holding up, the rest of the stocks on the scanner are classic Pop and Drops.
Posted at 9:57 AM, EST
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."
"Surging commodity prices and shipping rates, together with a constant outpouring of euphoric press reports on China,
still have most observers convinced that there's no stopping the Chinese economy or, for that matter, an increasingly
China-centric Asian economy. There's a certain irony in all this: The world has rushed to one side of the China
boat at precisely the moment when the authorities are putting the brakes on. As is all too often the case with
respect to China, the West just doesn't get it."
Posted at 9:56 AM, EST
Eyes on DCLK, EGHT, ICGE, LOUD, NTOP, ROXI, among others.
Posted at 9:01 AM, EST
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.
Posted at 8:39 AM, EST
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
Posted at 8:28 AM, EST
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? ;-)
Posted at 8:10 AM, EST
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