Posts Tagged ‘AMZN’

• Momentum Book Update
  Posted by Leigh Drogen on January 30th, 2010 at 2:19 pm, Comments: 0

  Another week of schellacking for long only strategies.  The market took a bath this week, led by materials and tech, which until Thursday morning made up about 2/3 of my portfolio.  I was playing buy the dip, it obviously didn’t work.  My cash position at the open on Thursday was south of 5%, I loaded [...]

• Momentum Book Update
  Posted by Leigh Drogen on January 23rd, 2010 at 11:17 am, Comments: 0

  Oyyy, it was a tough week for long only strategies any way you cut it.  The market trapped the chasers with three major distribution days and then puked for two straight.  I made a calculated decision to lower my beta early in the week but didn’t significantly raise my cash level.  I still see many [...]

• Momentum Book Update
  Posted by Leigh Drogen on January 15th, 2010 at 5:48 pm, Comments: 0

  An interesting week it was indeed.  We came in on Monday to see the market ripping, it was frothy, and everyone knew it.  Problem was that few were willing to sell into the strength, myself included, for fear of missing out on a melt up move.  I hung on, took some pain, and added a [...]

• Momentum Book Update
  Posted by Leigh Drogen on January 8th, 2010 at 7:07 pm, Comments: 0

  The momentum book under performed a little bit this week as I am heavily loaded in tech and not exposed enough to the materials sector.  Large cap tech is taking a rest here after its amazing run.  Are we topping out or consolidating for the next push?  I feel its the latter and not the [...]

• Jobs, USDX, ES, and Rates
  Posted by Leigh Drogen on January 8th, 2010 at 9:22 am, Comments: 0

  I hope you all get it by now, that the negative correlation between equity markets and the US Dollar is broken.  In fact, we’ve flipped all the way to a .5 positive 30 day running correlation.  A few months ago if the $DX_F dropped like it did this morning, equity markets would have been flying. [...]

• Weekend Reading
  Posted by Leigh Drogen on December 19th, 2009 at 9:07 pm, Comments: 0

  I ventured outside today for a total of about an hour, it’s brutally cold and nasty out.  I can’t remember the last time we saw a massive snow storm in NYC, the past few years have been crazy warm.  Believe me, I’m not complaining, I hate the snow unless I’m snowboarding.  For the retailers this is [...]

• Execute Your Play Book
  Posted by Leigh Drogen on October 27th, 2009 at 3:11 pm, Comments: 0

  The past few days have been nothing other than a calamity of errors on my part, not because I’ve lost money, but because I’ve bumbled the opportunity to make a lot of it.  You will hear this next line recited by many traders, and frankly, it’s true.  There are periods of time where I lose [...]

• They Must Be Masochists
  Posted by Leigh Drogen on October 22nd, 2009 at 5:22 pm, Comments: 0

  After today’s ramp into the close I’ve come to a conclusion.  The traders who keep shorting the bearish setups, either they are complete masochists, or they are insane.  The definition of insanity is doing the same thing over and over again expecting a different result.  So either you enjoy losing money, or you should probably [...]

• Straight Lines
  Posted by Leigh Drogen on October 22nd, 2009 at 12:19 am, Comments: 0

  Today was all about moving in straight lines.  I won’t opine on what that means for the market, just pointing out facts.  Crude oil $CL_F moved straight up between 8AM and 2PM.  When I mean straight I mean straight.  Traders are chasing crude now, the guys in the pits are having a ball, and stubborn fundamental [...]

• Buy Your Winners: Postmarket Update
  Posted by Leigh Drogen on October 13th, 2009 at 5:55 pm, Comments: 0

  Much like when I stepped onto the ice last night, I came into the office this morning feeling like shit.  I hobbled all the way from the subway and just felt like crawling into a hole.  By the end of the day though the pain in my leg was no longer bothering me and my [...]