"Red Skies at Night"

That's what I'm singing as I'm watching the streaming quotes for the 50 or so stocks I follow faithfully. I check other stocks when I see big red or green alerts (i.e. ticker up/down big and/or big volume) on CNBC. Either up or down big, I like to know why.

Today it is bleeding red. I am blogging so I am not buying. It's like Sak's having a sale! BUT, I've been there and I don't "catch a falling knife".

I couldn't resist buying some Harman International ("HAR" - they do GPS , too) since GRMN (Garmin) has turned on me and gone the complete opposite direction I "had a leg on".
Thank you Frogbog blog for that expression and Brandon.

Never short a stock you love. The heartache in a trade gone bad is not worth it. I have resolved that the $2,500 I averaged down buying on seven Oct/70 puts has/is evaporating. Breaks my heart but I'm an optimist and it's not October "Witching Friday" , YET. That's when options expire. A volatile day at the market, indeed.

If you check the two month chart for GRMN (click here), it's has blazed beyond belief. A Rocket.

If I listen to Cramer ("$80 stocks that go to $120"), I have lost the faith. I truly believe everyone else was doing what I did and we all shorted the stock up that fast. I believe in a break-out but come on. GRMN rose over 40 points in two months? That's why I'm switching horses and jumping on some Harman International Industries (HAR) today. (I hope I didn't jinx myself by telling you, HAR was trading at $100 just four months ago - look-ee here)

BTW - The China and Asian Market is doing Great! (...Boycott...)