Posts Tagged ‘EGO’

• 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 [...]

• Grab Your Cojones and Buy Materials
  Posted by Leigh Drogen on January 21st, 2010 at 12:03 am, Comments: 0

  Let’s begin tonight with a little chart review.  A few weeks back I posted a weekly look at the $XLB which was coming into long term resistance at the $35 level.  I said at the time that I though we were due for a rejection from that level, and that it would take a few [...]

• 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 [...]

• Gold and Materials Update
  Posted by Leigh Drogen on January 6th, 2010 at 11:29 am, Comments: 0

  Materials are running, there’s nothing secret about that.  Let’s take a quick look at where we are. We are now at a critical juncture in the materials sector $XLB, an area that has acted as both support and resistance on several occasions.  It’s amazing to think that the sector has now retraced the entire collapse [...]

• The Gold Trade
  Posted by Leigh Drogen on December 23rd, 2009 at 1:47 am, Comments: 0

  http://leighdrogen.com/files/2009/12/longgold.PNG

• Late Night Comedians Do Finance…Kind Of
  Posted by Leigh Drogen on December 10th, 2009 at 1:45 am, Comments: 0

  I’m watching some late night television, I love John Stewart and Steven Colbert.  Frankly, John Stewart has more credibility than MSNBC, CNN, and Fox News combined.  Sadly, you’ll find more real news during this hour of television than you’ll find all day on cable news.   As a writer and performer Steven Colbert is far and away more [...]

• It’s a Play Book, Not a Game Plan
  Posted by Leigh Drogen on October 26th, 2009 at 5:38 pm, Comments: 0

  I highly believe in having a large play book while having no game plan.  The market doesn’t give a shit what your game plan is, so don’t come to play with a bias.  In war, the game plan goes out the door the second you step onto the field of battle.  Conditions change, capabilities are lost, [...]