All the Greenery, is Coming Down..
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My Great Father and Mentor picked pieces of me off the Autumn Laden streets of Manhattan at the turn of the Millenium, and with unconditional love, he sewed and stitched endlessly till I reached a dynamic relative measure of perfection. I am now a Porcelain Doll named Lockheed HayHeeHoo Macedon with potent insight on macroeconomics.
...even with bernanke crosswinds, the greenback takes another wallop below the 116.00 handle...
...oh and if you do... pray that you have a good probability of being right... or I kill you in ways far beyond physical... and I support those who act upon well thought out opinions, knowing the risks... durable goods below Est, consumer confidence, below Est. existing home sales above Est, that's 2 negatives, and a mild positive with mixed emotions... and a slight rise in japanese industrial output... the world is a vampire...
...So ENCY had serious down volume earlier today, specs says hedgefund profit taking, ahead of the impending weekend 'FDA' decision on Thelin, stop hunting brokers cleaning books for the month of Nov, etc, all being plausible: http://www.fda.gov/ usually updates quickly... So the April 7.50 in the past two days traded as high as 1.60 and as low at 1.10 at the close today... I think regardless of the FDA decision, a backmonth as far as April is enough theta to buffer any 'further information', which I doubt will occur, because I do believe it will be approved finally this weekend for sale next year. Plus, an interesting note that the EU Approval of Thelin will help as Euro Sales will translate to stronger USD net income due to the currently plummeting dollar, and no more further rate hikes from the FOMC, if not, at least before April of next year, combined with a diminishing Short to Float ratio in ENCY. Basically, it's a spring that is tightly coiled and ready to pop, with the probability towards the upside of 55/45, and that's enough for me to get long.
(see previous post)
...I decided to check out what the 'groundbreaking earth shattering news' was about 'Kramer', (whom I still don't know his real name), said at some comedy club. It wasn't funny, but it also wasn't newsworthy, but it was the first thing I saw on the news well ahead of the Lebanese Minister's gunshot death(if you look at the bullet pattern, and consider that it was 'point blank', either the gunman was horribly nervous, had turret's or cerebral palsy, or had a very long rifle http://today.reuters.com/news/articlenews.aspx?type=topNews&storyID=2006-11-21T180242Z_01_L21814193_RTRUKOC_0_US-LEBANON-MINISTER.xml&src=112106_1403_TOPSTORY_lebanese_minister_assassinated ); anyways, I didn't know Kramer was considered a 'role model' by the public to begin with, but apparently people are angry enough like he was Mother Theresa or the Queen of England or something, but the hilarious thing is, that when I clicked on the TMZ video cap, the first thing I had to sit through was an add for Dreamwork's 'Flushed Away'. Talk about incongruent. First of all, 'Happy Feet' somehow made over $40 million, and I think 'Flushed Away' bombed at the box office. And I could only imagine how many fucking clicks the TMZ video cap is getting because most people in this country have pussy syndrome. I saw the video, and didn't really get it; it was some local comedy club, not some live network Comedy Benefit show, and it was freaking 'Kramer'; and what's also hilarious is that on Letterman, he keeps saying 'Afro-Americans', trying his best to be politcally pussy correct. Also, I love the rainbow bright 'spin' that people are putting on the situation, that everyone of 'all' colors started walking out of the performance because they were 'All Offended'. Yeah right, the Black people left because they were offended, and the White people left because they were afraid of gunshots and rioting. (and don't say you wouldn't be!)
ENCY Jan and April Calls, shoot up 25%, ENCY closes well above $6.00. For a simple Volatility premium going into Dec(FDA panel review on Thelin), and further sympathy buyouts in the sector, ENCY April Call, bids at .90 would be key, but if you missed the .90 prints the past few days, it might be too late. As for January, the corresponding edge is .55, but now it's .55-.85, really wide, so if you get a fill in the .60-.65 range, you might very well be solidly poised before expiration in 2007, and a 21 GUN SALUTE to the follied person who sold you those calls.
...and not fire and brimstone... So now I'm hedging Coffee Options with Coffee futures... it's a very exciting Pit, which is deeper in rings than the Rbob or Heating Oil Pit... and the actual floor looks more futuristic with less TT screens, and more green monitors like night galaxy spaceship frequencies... hopefully I last long enough that I can read some massive order flow from the mysteriously massive Interbanks by keeping a close ear on the Currency Pit which is over to the corner of the Coffee Pit. And that's about it. I traded a stable future to trade futures. And it can end at a drop of a dime. So what. I got the skills to trade independent anyways, evident in that my forex gains fed and sheltered me through the harsh summer months, up until now, and that's even with giving up half of them in a one month manslaughter.
I would certainly say it's natural to have some part of your identity, at different times in one's life, defined by the same or various oppositions. But the opposition seekers who have no other recourse in affirming a positive healthy self identity, due to their own flaws which they are incapable of acknowledging, basically try to create something out of nothing in order to have a sense, albeit utterly false, of tangible value in their own existence. In itself, that is just a sad way to live. However, the 'nauseating' aspect begins when this type of person does 'nothing' to actually dismantle the opposition(whether it is real or not, whether it is valid or not, whether the opposition even deserves to be dismantled), and is simply sated by constantly having this friction and misguided indignation(of course they don't know it's misguided), in which they are too dense or too weak or too pussy to actually confront on practical terms. Similar to hatemongering and weekend warriors. I for one, enjoy ping pong.
After work I ran into Floyd Mayweather Jr's father, also Floyd, who was not able to attend last weekend's fight due to a battery charge, (as in domestic or public violence, not as in his Bentley needed a jumpstart). Floyd Sr, being the coach of Oscar de la Hoya, said the fight would not happen between the Golden Boy and the Pretty Boy because Oscar's dad wants Oscar to retire. Talk about fucked up conflicts of interest. The interest alone on the purses of that fight could feed the entire nation of Sierra Leone.
...awesome... almost a full Gig...
First off, the third female on the right, is Doria, the Deputy Honored Matre(post below). She's a new character in the Fabled Dune 7 'Hunters of Dune'. Next on the agenda: HO alone, sans calendar spreads, is high probability/moderate risk directional trading. Forget your deltas, gammas, and rho and what not. Forget the 38.2, or the 61.8, the Pivot is close enough each day to 50%, that you can retrace, and then fade, or vice versa knowing your Exits and Entries like a Sentry.