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Bubba Watson’s 2nd shot on the 10th and 2nd playoff hole at the Masters was one of the greatest shots in the history of golf. After hitting his first into the trees he miraculously hooked a wedge onto the green from 150 yards and then two putted for his first major win. In this…
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I do not know which to prefer, The beauty of inflections Or the beauty of innuendoes, The blackbird whistling Or just after. – Wallace Stevens I have been underinvested since February options expiration when many of my longs were called away. I have been through this many times before and have learned to…
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The weekends are a great time to back up the lens and gather some perspective especially at the end of a quarter. Last night on Chartly, Todd Elias (@toddstrade) did just that, posting a series of quarterly charts which add time perspective and context. Here’s a few of the most interesting ones: 30 year…
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Browsing the Groupon stream this morning, I came across @RaginCajun’s essential post entitled Bad Beat in which he lays out his thinking and action around his $GRPN position in after hours on Friday on the news. He writes, I blew out my shares after-hours at $17, taking a dollar hit on my shares. Normally,…
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Doug Kass has been following the housing market for longer than most of you reading this have been alive. His first job on the street was at Kidder Peabody as a housing analyst where he penned research with quill on parchment by candle light. 🙂 Housing is a long cycle industry so the years…
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I am watching the action in $VVUS this afternoon and it is staggering. I first took note of it around 2:40PM when it became a Trending Ticker on StockTwits and just as the stock began ripping higher. Here’s the intraday chart for your perusal: It reminded me of a run in I had with…
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…noise is what makes our observations imperfect. – Fischer Black News Flash: Bankers are pigs. That’s a riot. Here’s another one…. birds fly… Yesterday’s NYT piece by Greg Smith drilling $GS is sublime noise. It is sublime because it has the perfect combination of elements to catch the attention of the media and public…
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We are all just looking for the next big thing to worry about. We’ve finally had our Greek credit event (love that euphemism “event”). It was ridiculously well telegraphed and now, collectively, we will get hung up on the next shoe to drop. Will it be the price of gas? Iran? Spain? Portugal? Inflation? Deflation?…
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My 5 year old loves the charts and can recognize trends. The beauties are not hard to spot. He is a permabull too which I am thankful for and seems about right for his age. He’s most interested in the things he gets like Disney, Cocoa and Orange Juice Futures and International Speedway Corporation.…
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Traders trade against the expectations of others and, especially over shorter periods of time, future value matters less than what others are willing to bid. I found this Michael Jordan 1984-85 Star rookie card listed on eBay for 2,299.99$. It is not mint but in great condition (Grade8). I am sure a version in…