Archive for December, 2009

• Eddie Would Go
  Posted by Surfview Capital on December 7th, 2009 at 5:16 pm, Comments: 0

  It looks like the famed Eddie Aikau memorial big wave will get under way tomorrow at Waimea Bay on the north shore of Oahu.  The contest has not been held since 2004 due to swell not being large enough for the tournament.  If you aren’t familiar with the rules, the swell must be at least 25 [...]

• Weekend Reading
  Posted by Leigh Drogen on December 5th, 2009 at 2:38 pm, Comments: 0

  I’ve read quite a bit this week about people who would like to deny that climate change is a reality.  They’ve used this climategate story in an attempt to deny simple scientific facts by badmouthing good science that was done by good scientists. You know, I’m really starting to get sick and tired of this [...]

• The Open is for Amateurs, the Close is for Pros
  Posted by Leigh Drogen on December 4th, 2009 at 7:33 pm, Comments: 0

  Three straight days now the amateurs have painted the tape in the first hour, only to see the market lose VWAP and crater.  This isn’t healthy action people.  Institutions don’t do the bulk of their trading in the morning, it takes place in the afternoon after the dust has settled and their traders have a [...]

• Does It Really Matter Why?
  Posted by Leigh Drogen on December 3rd, 2009 at 5:42 pm, Comments: 0

  Was it the $BAC secondary announcement, how about the trader tax, or maybe even the jobs number tomorrow?  Who gives a crap.  All I know is that breakouts in either direction are being mean reverted, and quickly.  This is not my type of trading, which is why I’ve been mostly silent now for about a month. [...]

• Bernanke Plays Dumb
  Posted by Leigh Drogen on December 3rd, 2009 at 11:52 am, Comments: 0

  A few words on the the proceedings in the Bernanke confirmation going on today. Just heard one of the senators say, “you are the definition of a moral hazard…you are creating zombie banks…repeating the mistakes of Japan in the 90′s.” The senators are all, on both sides of the isle, asking the major question of the [...]

• Bernanke and Geithner Win (for now)
  Posted by Leigh Drogen on December 3rd, 2009 at 12:03 am, Comments: 0

  Allow me to set the stage: Last winter as the world was falling apart Bernanke and Geither had three options: Nationalize the largest banks which represented systemic risk ($C, $BAC, $WFC), sell off their assets piece by piece, and put the full weight of the United States balance sheet behind the financial system in a transparent way. [...]

• Hugging My GLD Like a Teddy Bear
  Posted by Leigh Drogen on December 1st, 2009 at 8:35 pm, Comments: 0

  While everything else continues to chop around, fail breakouts and mean revert, my gold position in $GLD continues to work.  Is it making me mucho deniro, not really, i was unfortunately loaded with equities at the time I took the $GLD position and didn’t add more than one lot on the breakout.  Since that breakout in [...]