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  • Next Leg
    Posted by Leigh Drogen on October 5th, 2010 at 1:43 pm, Comments: 0

    You are witnessing a replay of late March into early April, plain and simple.  The market has consolidated, worked off overbought readings, shaken some people out, confused many, and is now tearing apart the shorts, which are still numerous.  This afternoon will tell us a lot about how many short sellers are really still out there.  If [...]

  • Flash Crash Magnet Syndrome
    Posted by Leigh Drogen on October 4th, 2010 at 10:44 am, Comments: 0

    First off, what the hell is going on with all of these mini flash crashes?  Last week we had another two huge ones in $AAPL and the corporate bond etf $LQD.  Both had wild opens to their trading sessions down far more than any reasonable explanation could, well, explain.  Look, if their respective markets were down a [...]

  • New Web Site Launched
    Posted by Leigh Drogen on October 4th, 2010 at 7:31 am, Comments: 0

    Over the past year or so I have received a good deal of e-mail requesting information regarding my investment management firm, Surfview Capital.  I thought it was time that I present myself in a bit more professional manner by getting a real web site up and running.  Don’t get me wrong, this blog is great, [...]

  • Strategy Review: Revisit The Fallen
    Posted by Leigh Drogen on October 3rd, 2010 at 11:07 pm, Comments: 0

    Just as important as knowing what you do well in order to exploit your talents, is understanding your weaknesses.  I constantly search my blog history, StockTwits stream, and Chart.ly stream for missed trades, failed trades, and aspects of my strategy that I can improve on.  I’ve noticed recently something that I would like to focus [...]

  • Good Risk/Reward Here
    Posted by Leigh Drogen on October 1st, 2010 at 1:36 pm, Comments: 0

    We took down some exposure on Wednesday and Thursday morning as the market was a bit overheated and needed a break.  Yesterday afternoon though we put a little more back on, and added to that this morning brining us to 66% long and 20% short.  Our shorts are working very well here with $PLCM and [...]

  • End Of Quarter 3, 2010
    Posted by Leigh Drogen on September 30th, 2010 at 5:45 pm, Comments: 0

    Everyone having fun yet?  Holy mother of god that was a wild third quarter.  The market teetered on the brink of complete collapse, twice, and ended above a very important resistance level after surging to the finish line.  There were chances to both make and lose a lot of money this quarter.  Technically, it wasn’t [...]

  • The 4th Estate Is Trust Bankrupt
    Posted by Leigh Drogen on September 29th, 2010 at 1:36 pm, Comments: 0

    I’m loving that Gallup, the people who do polls are tweeting their posts now.  You can find them @GallupNews.  You have to take everything with a grain of salt obviously, data can be massaged easily, and the questions they ask are both not always the right ones to get at the real story, and not [...]

  • The Fear
    Posted by Leigh Drogen on September 29th, 2010 at 9:27 am, Comments: 0

    No, not the fear you’re thinking of, the other kind of fear, the fear of missing out. Many people believe there are two emotions that traders feel, fear and greed, I disagree, it’s only fear.  The fear of loss and the fear of not having enough.  There’s a difference between being greedy and being fearful [...]

  • Why Am I Not Surprised
    Posted by Leigh Drogen on September 28th, 2010 at 5:45 pm, Comments: 0

    I’m about to go down a road I know is going to piss some people off, I’ve come to terms with that.  But you know what, this blog is about more than trading, it’s my personal blog, it’s here for me to communicate who I am and what I believe in, blah blah blah blah. [...]

  • Reporters Should Report, Analysts Should Analyze
    Posted by Leigh Drogen on September 28th, 2010 at 1:38 pm, Comments: 0

    I’m getting quite sick of the the two big financial networks, CNBC and Bloomberg.  Of course, I hold Bloomberg to a much higher standard, CNBC is an entertainment channel in my mind save for whenever they do an interesting interview.  Frankly most of the interviews are pointless, some long only asset manager comes on, the [...]