VOTE

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests." -- Patrick Henry


IF YOU CROSS THE NORTH KOREAN BORDER ILLEGALLY YOU GET
12 YEARS HARD LABOR

IF YOU CROSS THE IRANIAN BORDER ILLEGALLY YOU ARE
DETAINED INDEFINITELY.

IF YOU CROSS THE AFGHAN BORDER ILLEGALLY, YOU GET SHOT.

IF YOU CROSS THE SAUDI ARABIAN BORDER ILLEGALLY YOU
WILL BE JAILED.

IF YOU CROSS THE CHINESE BORDER ILLEGALLY YOU MAY
NEVER BE HEARD FROM AGAIN.

IF YOU CROSS THE VENEZUELAN BORDER ILLEGALLY YOU WILL BE
BRANDED A SPY AND YOUR FATE WILL BE SEALED.

IF YOU CROSS THE CUBAN BORDER ILLEGALLY YOU WILL BE
THROWN INTO POLITICAL PRISON TO ROT.

IF YOU CROSS THE MEXICAN BORDER ILLEGALLY YOU WILL BE ARRESTED, SHAKEN DOWN, AND UNCEREMONIOUSOY THROWN OUT.

BUT,IF YOU CROSS THE U.S. BORDER ILLEGALLY YOU GET :

1 - A JOB,
2 - A DRIVERS LICENSE,
3 - SOCIAL SECURITY CARD,
4 - WELFARE,
5 - FOOD STAMPS,
6 - CREDIT CARDS,
7 - SUBSIDIZED RENT OR A LOAN TO BUY A HOUSE,
8 - FREE EDUCATION,
9 - FREE HEALTH CARE,
10 - A LOBBYIST IN WASHINGTON
11 - BILLIONS OF DOLLARS WORTH OF PUBLIC DOCUMENTS PRINTED
IN YOUR LANGUAGE AND THE RIGHT TO CARRY YOUR COUNTRY'S FLAG WHILE YOU PROTEST THAT YOU DON'T GET ENOUGH RESPECT

I JUST WANTED TO MAKE SURE I HAD A FIRM GRASP
OF THE SITUATION BEFORE I VOTE ON TUESDAY...

October 28

I had limited time to sit in with the mkts today.

However, I took a two position practice-trade in MCP long near the final consolidation phase of the day; also near the lod. My thought was that it felt like the reversal of the big drop was waiting, mainly because there was so little profit-taking all day, relatively speaking. Unrealized Gains of this magnitude today by the shorts would have to be booked, if the trader had any good sense at all.

And that is where the reversal trader pounces.

October 27th

Here is the buy-to-cover of my CMG practice swing-trade from last week. More drop coming? Yeah, I think so. Am I greedy enough to hold a stock that has some gains sitting there? No.
It appears that I picked a good time to cover, in the short-term. While I write this commentary, price is continuing to rise after my exit. It now sits very close to what was my average share price.

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It's more about being correct in my read of the stock price; reinforcement of the notion that what goes up, must come down (at least to some degree).

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*** UPDATE: It's end of day and it looks like I got the bottom candle of the day on my exit and the full breakdown didn't occur. Perhaps over the next week or two? I'm out and moving on to other stocks, but this one bears watching...