Today was option expiration and as usual it was a tight range day. I will cover market strategy closer to next week. Markets are closed on Monday for Presidents Day.
I made a rookie dumb mistake today with my position in AREX. Last week the stock touched over $38 and promptly pulled back. From the chart and the buy volume I expected to get another shot over $38 and that would be my target area and result in a 10% gain. The stock ramped up at the open today and was well over $38. I had meetings scheduled for almost the entire day and I figured I could grab the sale later on in the day when I could watch the tape a little. Never even came close again. An ugly session leaves AREX at $36.66 (CREEPY!) and not only did I miss my sale but that was a nasty reversal day. I could have set a stop at $38 and went off to meetings, but I did not. It was sloppy and poorly done. If I get something out of this trade it will be in spite of my trading it, not because of it.
Friday Night Entertainment
No Emmy nomination yet, but I think one will be coming soon.....
Alone in the Shadow of Robot Dominion Over Man, My Voice Still Cries Out
I get the feeling that my coverage of robots and the chance (90% and rising) that said robots will turn on the human race is a running gag here to many readers. It's NOT! I am serious, and don't call me Shirley!
Well hot off the presses via Extreme Tech is the announcement of a new military program modeled after the "Avatar" line of thought! Here you go:
DARPA reveals Avatar program, robot soldiers incoming
In the words of DARPA itself, the Avatar program will work on “interfaces and algorithms to enable a soldier to effectively partner with a semi-autonomous bipedal machine and allow it to act as the soldier’s surrogate.” In other words, DARPA wants to develop the walking equivalent of an unarmed aerial vehicle; a bipedal robot drone where the controlling soldier is hundreds or thousands of miles away from war front.Unarmed, LOL too funny.
Here is Boston Dynamics "PETMAN", we are doomed:
But keep laughing.
Some fun stuff to gander at.
Napoleon might have won at Waterloo with this as his trusted steed:
see more Historic LOL
Wait, bears don't do their thing in the woods?:
see more Very Demotivational
Some films for consideration.
Maybe one of my all time favorite scenes is from "Matrix: Revolutions" when Trinity (not @TXSSwingtrader Julie!) and the crew battle to get Neo back.
"Your really ready to die for this man?"
"If she has to she will kill every one of us".
Not a movie, but the last best chance for TV was "The Highlander" series. Skip to the 40:35 mark in this clip of "Homeland" and watch to end. If you are not impressed, I don't know what to say:
Songs for the soul to set you free.
Need a ripper to get started, so a little Lenny Kravitz and "Are You Gonna Go My Way" is in order. Excellent!:
My man on Twitter and 12631, @PjDempsey, was looking for some live Pearl Jam and this is a nice video of "Black":
I thought The Interloper might have been messing with me but after hearing Uncle Tupelo and the song "Moonshiner" I am glad I heard it:
Harmonica always gets me. Thanks.
Via Twitter and @CapCube here is The Clash and "I fought the Law":
Two songs left!
I need some Rage Against the Machine and "Renegades of Funk" will do nicely. Turn this up:
My friend, formerly Trader Mark, has a new gig over at Market Montage and he did a AWESOME 80's tune play set of 80's rock last night. My counter is the great band Cinderella and "Somebody Save Me" and live is the only way:
Have a good night.