Risk on!

This market is very bipolar, today risk is on...but it is a nice way to go into the holiday season. I took a little nibble at JACK today...yesterday it fell after earnings/projections and now is selling at 2x liquidation value...the company cash flows well. Burger King got taken private earlier this year so this is right up my alley.

Happy Turkey Day!

When I am wrong, boy oh boy am I wrong

NFLX and OPEN hit basically 52 week highs today! NFLX is sitting just about 10B market cap...wow for a company making 160ish million a year...what a multiplier! OPEN is on track to make just shy of 20 million this year and is selling for market cap of 1.7B

wow luckily I am too chicken to short anything normally...

My goodness

The market showed resilience today as the dip was bought as normal buy people chasing performance...word on the street is that lots of fund managers are under performing this year and need to catch up..

and just as people start piling in.....look at CSCO after hours...my goodness what a haircut...13% is most likely an over reaction, I am going through their conference call and will let you know what I think about the situation tomorrow AM.

those of you who started hedging up when the vol was cheap....good job!

Take your position!

On this election night it looks like the Republicans will take the House and they have a slim chance to take the Senate..over the last few months the market has been taking into account the Republican landslide and we have also been talking about QE2...tomorrow we will hear about QE2 and we will know the outcome of the elections.... so now what?

One side says we will sell off, a buy the rumor and sell the fact....or another way to see it would be that what if QE2 isn't what we are expecting? The other side is that there are a lot of money managers under-preforming the market and are positioned for a pull back, if the pull back does not come watch out the market is going to RIP!

Which side am I leaning to? I am just as invested today as I was a month ago...but I have put on some more QQQQ puts recently so I am hedging myself as always.

Today Kellogg and Clorox hit the radar....

Hope you all have a nice night, let's see what happens tomorrow!