I Want My Mommy!

It is not a good day Mortimor. The only shorts I have on are my underwear and they are not offering any protection.

I am stopped out of Coinstar (CSTR) and Hansen’s (HANS)…yuck.

I imagine there will be many more stopouts on the way. I saw this coming but just stuck with my winners. The price action has really turned ugly. It is part of the business.

The high beta winners are finally getting their bids pulled, but it’s just a little bitch slap based on the runs they have had.

Here are the big concerns that are finally coming home to roost for now:

Oil
US Dollar
Financial /Credit Crunch/management Greed/Shennanigans
Consumer – looking really spent – CROX, now Hansens
Starbucks – Oh my freaking god this is a mess. One needs to remember the price action in Starbucks for the day Apple stock starts declining despite it’s stores being packed. I mean every Starbucks is packed in NYC, but the stock loses $1/day. I have been very ewrong on this one so far. I apologize.

The First Solar fun is not nearly enough and there is nowhere to hide right now. You stick to a discipline and preserve capital and you manage your losses.

Disclosure – Long everything in this post.