And that doesn't factor in the greatness of the Wisconsin Badger football team! Go Bucky!!!
Market-wise...it's been a tough week following the market. Lots of things going on and tomorrow won't be much different with final prep of the course in the morning and hosting the races in the afternoon. All I know is the market is showing great strength heading into options expiration tomorrow and is moving towards that all important 50 day MA. Some chinks in the armor from what I saw today. Great up movement, but quite a few stocks I follow were in the red today that typically participate in moves like today. Solar stocks were off, and the momentum stock of the summer were mixed. Likely didn't help that NFLX dropped 19% after announcing subscribers were down after their ill-advised price hike. I understand long term this could be a great move for the company, but at the same time, its a business in it's infancy and was growing nicely....get people to keep signing up, keep them hooked, and raise the price a $1/year and their will be little backlash. I mean this could turn out to be one of those infamous turning points of the company...it sure has with the stock:
With options expiration tomorrow and my work on the course, i likely won't touch the market...if see it much at all. Although the last few days have been tough with my largely short bias, I do have BWLD and my long term positons doing well....and frankly, don't expect this party to last much longer...at least without some short term pullback. Add in RIMM getting slammed after hours and it could weigh on the tech sector, but I feel like that will be an isolated case since RIMM is no longer considered a big player and just shows how Apple and other competitors are beating it up. I'm looking for a choppy day tomorrow, and as always, hoping that my shorts are the one's chopping down, and my longs on the way up.
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