Tone went from bad to very bad this afternoon. Stopped out of PIXR for a loss, but ELN was profitable, even the second half I sold at the close. Have to think a bit more about how I manage the positions when the broad market so clearly shifts.

See you tomorrow!

Again, I come back to find the tone has gone bad. I'm selling half the ELN here (13.62) and carrying the rest at a breakeven stop. PIXR is a little trickier... I'm raising the stop to 68.25.

Not sure if either of these puppies will run... depends in part on the broad market tailwinds staying in place. I'm taking off, see you later.

Tightening to 12.94 p-stop in ELN.

P-stop 12.84 ELN (long).

David Chapman makes the case for owning precious metals. Don't listen to it if you want to remain cheerful. (David, it's "correlated," not "corriolated.")

P-stop 67.99 PIXR (long small)

PIXR is going batshit; I'll keep an eye on it. Broad tone is good.

I find the results of the "Survey on American Attitudes towards Chinese Americans and Asian Americans" a bit startling.

Eyes on ADCT, AMAT, CIEN, CRDM, NXTL, OVTI....

Vanguard urges you not to be a fool, fool.

I'd add that anyone who pays a $50 minimum commission on a round-trip trade, which is what it would cost trading through VBS, is out of his mind.

April Austin asks, "Where are the Chinese-speakers of the future?"

I'm glad that I chose to study Chinese instead of Arabic; if I were fluent in Arabic, I would definitely be in Iraq right now.

Millenium Pharmaceuticals (MLNM), Daily Chart

Gold is having some trouble at the usual retracement level. (Members of the Chairman's Circle shorted a gold stock yesterday for a short-term trade.) Long-term trend followers are holding tight from $338.

Remember that the US Dollar is in the driver's seat when it comes to the direction of gold. As long as we remain short the dollar, we'll remain long gold.

Gold futures (GC), Daily Chart

On gay marriage and punctuation: "That semicolon is a big deal," said San Francisco Superior Court Judge James Warren.

June 8th is the street date for Six Feet Under - The Complete 2nd Season

Judge upholds $19.7 million copyright award to Lowry's Reports Inc.

Sergey Brin of Google talks about advertising and newspapers. (Isn't Brin smart enough to avoid using a phrase like "monetization solution"?)

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