Side Tracked

I am so sore today. Deck staining is for younger and/or in better shape people than I. Home late after dropping cars off for service.

Side Tracked
I did have an outline for a post ready for tonight. Another down day and things are setting up for a real move down, as predicted here. It is so funny but in 3 days of selling more and more come out of the woodwork saying they saw it all along. Really? Must have missed those posts.

Another thing to keep in mind: After 2 years of the never ending Bernanke Melt Up Market many hedge funds and traders look like brilliant craftsmen. If we get a prolonged move down or more sideways action, pay attention to returns in that environment. What may have been smarts could just be trend riding. Great traders and market operators do well in all markets, not just straight up or down ones.

Anyone seen the stock OMEX as of late? I still own some at $3 and it is over $4 now, HA! Buy and hold is not dead. It actually looks good enough to add some here, I will have to see.

Anyways, as I am sidetracked I will put up random stuff.

I Told You
Submitted with no comment:
Humans become 'pets' in rise of the machines: Apple co-founder

Funny Guy
This guy thinks he found a base on Mars using Google Mars:

Too funny.

Get Him a Body Bag.....YEAH!
I have to figure out a way to get this clip on the sidebar:

Love it.

1969 Plymouth GTX
A numbers matching classic, one of my favorites. Some day....

Indeud.

Iron in Your Words
Josey Wales meets Ten Bears:

The Grayrider.

Greetings Professor Falken
Classic flick:


Finally Found
My favorite part of the film "Glory" on YouTube. Walking out to go after the Confederate Base in South Carolina, the men of the 54th Regiment are cheered on by the same men that were against having them in the army at first (switches to some home made thing at the 1:00 minute mark though):

"GIVE EM HELL 54th!"

Have a good night.

Market Operations

I have the day off and it is frigid up here which will likely keep me indoors for the day. I have plenty of house keeping items to attend so I will have plenty to do.

Market Operations
First point of business this morning was to check over my market positions and make a plan.

As I have been writing about recently, something feels very wrong to me right now and everything I am looking at makes no sense. In that light I closed out the following positions (all winners) this morning:
GLD
SLV
HRL
CPB
PAAS
I still hold a very small position in OMEX, but that company has been a huge disappointment. Still, as a lotto long I love any company that looks for sunken treasure!

I am now 98% in cash for my trading account. I still hold a position in gold and silver that remains a core holding and is not likely to ever be sold, and I do not count that in my trading account.

So why now? As I said, something feels wrong. I am also looking at some new ideas to trade, but I will need some more data points before I lay them out on the blog.

More Later.