Vikings

I always loved Vikings since I was a kid – remember reading Asterix and watching reruns of ‘Vicky the Viking’ on the telly.

But today is a special occasion – this Viking looks like one big ass sweet setup:
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Ericsson shareholders seem to be in the habit of getting all juiced up right before earnings. Of course the morning after they wind up waking up next to a fat whale with a thread dangling out of one corner of their mouth. Let’s hope it’s a tea bag.

Anyway, I’m taking a short position here with a reasonable stop to allow for a bit more irrational exuberance.

Polycom is another high flyer I would like to see crash and burn. Careful here though – this could easily push toward 64 and then reverse. Or take it on a hanging man, inside candle, doji – you get the drift.

I should have called today’s post ‘high as a kite’ – here’s Redcliff which just has gone exponential. I will dare to dip in if we complete a doji EOD. Stop a few ticks above today’s high.

ABB – okay, this is a bit of a risky trade – but that doji there all by itself, how can I resist? I’m taking a small helping only – unfortunately the spreads in the option chain are wide enough for a truck to pass through.

ALTR – I’m actually a bit skeptical on this one as it appears to be in mid action. Good chance it’ll bust a little bit higher and then reverse so I’d take it at about 50.

Cheers,

Mole
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