Posts Tagged ‘NFLX’

• 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 [...]

• Back to Work and Sitting On My Hands
  Posted by Leigh Drogen on November 30th, 2009 at 4:40 pm, Comments: 0

  Back at my desk today after two weeks of travel, it’s nice to be stationary for a bit. The major story late last week was of course the disaster that is Dubai. Capitalism has the ultimate learning curve. Back in the early 90′s the oil rich gulf nations had no clue what to do with [...]

• Pick Your Battles
  Posted by Leigh Drogen on November 13th, 2009 at 12:37 am, Comments: 0

  You haven’t heard much from me lately, there’s a good reason.  No, I haven’t been off surfing in Costa Rica, or indo, or some other exotic locale, I’ve been right here at my desk.  Part of being a good trader is knowing when, and when not to trade.  I honestly don’t have a good hook [...]

• I Smell Melt Up: Postmarket Update
  Posted by Leigh Drogen on October 7th, 2009 at 9:27 pm, Comments: 0

  It’s approaching the 9 o’clock hour here in NY and the $USDX is getting an old fashion beat down in the evening session.  The $AUDUSD is up greater than 1.2% already.  As you know I am positioned long CAD and short GBP against the US Dollar.  Both positions are showing me a nice profit, and the [...]

• Dollar Has the Wheel: Postmarket Update 9/21/09
  Posted by Leigh Drogen on September 21st, 2009 at 5:14 pm, Comments: 0

  The dollar is in full control of this market if you haven’t noticed, well, maybe not full control, the Goldman Sachs battle bots in the algo machine room at 85 broad are having their say as well.  The bulls are taking a little rest here as the dollar attempts to stave off being sent to [...]