Hi Waxie, just a quick thank you note, and a Happy NY to you, your family, and the TF crew. I started actively trading using your service, in the 2nd half of 08, with just $5K. I just ran a profit/loss report today and guess what?; $51,714.87 in the green! It has helped me to overcome some personal problems, and I am just estatic to start the new year. so keep up the fabulous work, it's been appreciated very much.
There ya go, thanks Peter for your great success! We are ROCKIN'! It's time for YOU to start rockin', too!
Todays choppy action just further drove home the fact this is indeed a January Effect rally as the stocks on our radar and the laggards all jumped sharply, but the overall market had a lackluster performance.
Technically. For us, january effect lasts through thursday but again its somewhat nullified as the employment #s are due friday and my thought is they will sell us into that. Let's look toward some more choppiness tomorrow. Seems unlikely we get huge moves either way, but shorts are definately and foolishly taking a beating, another leg up and we may just get to that 10,000 level yet! Short squeezes are very intense and tend to feed off each tick higher. Stay the course...
I got a comment here today asking about GS. Apparently they are short GS. Why, I have no idea, guess they didn't read the blog or the many emails stating I am not short any of the short list stocks at the moment. I'm always frustrated when people only see and hear what they want. But, all we can do is lead the horse to water, we can't make them cover the short!
I had a couple of other thoughts (it happens once in a while).
Why did the judge set only a 10 mil bond for bernie madoff? The guy admitted he ripped off 50 bil, so basically the judge let the guy bail himself out using stolen money, so he could then rip them off more by selling jewelry that was bought with stolen money! I don't get it at all sometimes.
I've never actually met the family, but my heart goes out to the Travolta's, there is no bigger fear for any parent I know than to outlive their children. Money and fame are always rendered meaningless when you deal with some tragedies. And, who cares if he is a Scientologist? Does it really matter? People love to judge everyone else, remember, when you point one finger, three point back at ya!
Man, tell ya, today was tough for me, I have this killer pinched nerve in my freakin' neck and I had to get this big butt needle in my neck. I love it when the doctor says that it'll only be a "pinch". That's the code word for "IT WILL MAKE A GROWN MAN CRY!" And, thats what I did, I'm not too proud to say that. Wasn't one of those cry like a baby man cries, but tears did flow! You see, Waxie is human after all! Hehe.
Oouch, still killing me. Oh, well, new day today, and hopefully better. At least, knock on wood, have started the year with a bang, 3 for 3 winning days! And, that was with having to spend the day getting PINCHED!
Be careful not to chop your accounts up, folks. When you get the chop slop its often the toughest to trade and a good way to make your broker happy, but make you very upset and a LOSER!
See ya on the other side,
Michael "Waxie" Parness