Complete Stock Idjit

The Open, then the last 30 minutes, and little else matters

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Nothing matters save the Opening bell and the last 30 minutes of trading, everything else is superfluous. It doesn't matter whether the Beast is up 100 or down 100, it's guaranteed to be completely different by the close.

Careful not to blink, because if you head for the bathroom a rich man, you'll return broke - and vice versa.

Not much to report this week as I only made one sale and two purchases. I dumped GE as it has been treading water since it's earnings announcement, and took the proceeds to buy 200 more Mosaic (down 7 points since Wednesday) and 100 shares of Monsanto, merely because I like it - and it was also down nearly four points.

I could have just as easily sat on the cash, but it's always more fun to tinker. Last weeks purchases of Thompson Creek (TC) and DBA were prudent, and the SRS trade is like all double short trades - goat one minute, and genius the next - rinse and repeat.

Basically I'm standing pat, nothing has changed in my viewpoint or in the overall market prospects (in my opinion), and I'll retain the short / long ratio for another week.

I'm content to cling to JAudio's coat tails, hoping his march upward might allow me to "draft" a bit.

Good Luck - go easy on the Maalox and Tum's - as you're going to need them for the final furlong.

KB
http://singlebarbed.com