Wall Street Crack

For Those Addicted to the Wall Street Game

Archive for February, 2011


Posted by Dino on February 26, 2011

It’s 21 degrees out, light snow and we’re still covered in a blanket of snow.  What better time could there be for a beer festival?!?!?!  Yep, it’s outside too.  For many of you that read this from warmer climates this may sound slightly insane and it kinda is.  I wouldn’t have it any other way though.   I’m pulling out the winter coat, warm boots and giving my liver a pep-talk as we speak.

57 different breweries from around the great state of Michigan offering up 370 different beers!  It’s beer heaven.

If you see one you’d like sampled, let me know and I’ll try to give it a go and let you know what I think.







Arbor Brewing Co.

Tree Town Brown Ale
Buzzsaw American IPA
Terminator Doppelbock
Crye Baby Rye Pale Ale
Alley Squirrel IPA

Arbor Brewing Co. – Corner Brewery
Ryeclops Imperial RyePA
Ypsi Gypsi Pale Ale
Michael Faricy’s Irish Stout
Sacred Cow IPA
Espresso Love Breakfast Stout

Arcadia Brewing Co.
Russian Imperial Stout
B-Craft Cascadian Ale
Loch Down Scotch Ale
Cereal Killer Barley Wine
Big Dick’s Olde Ale
Panama Red Smoked Imperial Red Ale
London Porter
Shipwreck Porter
Sky High Rye
Nut Brown Ale
Hopmouth Double IPA
Hop Rocket Imperial IPA

Atwater Block Brewery
Vanilla Java Porter
Dirty Blonde Ale
Winter Bock
Voodoovator Doppelbock
Cherry Stout
Double Down
US Black Imperial Stout
Hop Strike English Double IPA
Teufel Weizen Doppelbock
*** special tappings of these beers every hour ***

Bastone Brewery
Dubbel Vision
Nectar des Dieux Triple

Bell’s Brewery
Cherry Stout
Special Double Cream Stout
Java Stout
Expedition Stout
Third Coast Old Ale
Oatmeal Stout
Golden Rye
Raspberry Ale
Trumpster Stout
Milk Stout
Harry McGill’s Spiced Stout
Smoke Stout
Winter White Ale
Batch 9,000
Batch 10,000

Big Buck Brewery
Raspberry Wheat
Triple Rye IPA
Wild Winter
Antler Ale

Big Rock Chop & Brewhouse
Norm’s Raggedy Ass IPA
Bourbon Imperial Stout
Flying Buffalo Imperial Stout
Blueberry Ice Trippel
Go Figure Black IPA
Strong Scotch Ale
Sour Raspberry

Blue Tractor BBQ & Brewery
“Hands Off My Goat” Stout
Bad Moon Ryeizen
Bourbon Oak Infused “Hands Off My Goat”
Liv’s Lager Imperial Pilsner
Schakolad Weizen Chocolate Wheat

B.O.B.’s Brewery
Robert the 4th BOB’s Bourbon Barrel Beer
Meta Physical Monk Belgian Ale
Peanut Butter and Stout
Tiramisu Stout

Brewery Vivant
Triomphe Belgian IPA
Farmhand French-style Farmhouse Ale
Kludde Dark Belgian Strong
St. Peppercorn Pale Rye
Walloon Southern Belgian-style Ale

Copper Canyon Brewery
Northwestern Gold
Devil’s Peak IPA
Killer Canyon Porter From The Wood
Rocktoberfest (12-3)
Rye PA (12-3)
Yellowcard (12-3)
Gingerbread Cookie Ale (3-6)
Apple Streudel Tripel (3-6)
Imperial Mild (3-6)
Oxymoronic Ale (3-6)

Dark Horse Brewing Co.
Crooked Tree IPA
Raspberry Ale
Reserve Special Black Bier
Boffo Brown Ale
Perkulator Doppelbock
One Oatmeal Stout
Too Cream Stout
Tres Blueberry Stout
Fore Smoked Stout
Double Crooked Tree
Scotty Karate Scotch Ale
Super Juice Quad IPA
4 Elf Winter Warmer
Bourbon Barrel Scotty Karate
Thirsty Trout Porter
Whiskey Richard Sour Ale
Sour Plead the Fifth Stout
Lambeek Wants Peach
Lambeek Wants Raspberry
Ginger in the Rye
Rocker Ale
West Michigan Ale
Raspberry Icee Black

Detroit Beer Co.
Cream Stout
India Brown Ale

Detroit Brewing Co.
Detroit Lager
Detroit Dwarf
Sanders Chocolate Stout

Dragonmead Microbrewery
Final Absolution Tripel
Erik the Red Amber Ale
Imperial Stout
Sin Eater Dark Belgian Strong
Juggernaut Imperial Amber
Under the Kilt Scottish Wee Heavy

Founders Brewing Co.
Dirty Bastard Scotch Ale
Red’s Rye PA
Centennial IPA
Double Trouble Imperial IPA
Endurance All Day IPA
Devil Dancer Imperial IPA
Nemesis 2010 Barleywine
Imperial Stout
KBS Imperial Stout
Red’s Rye PA Firkin

Frankenmuth Brewing Co.
Munich-style Dunkel
Batch 69 American-style IPA
Cass River Blonde Ale
Baltic-style Porter

Frog Island Brewing Co.
Amber Ale
Bengal IPA
Old St. Nick Nolte Holiday Ale
Stone Bone Old Ale
Moonsqualler Scotch Ale
Devil in the Details Imperial Stout
Castle Bravo Double IPA
Witch’s Hat Lyger Cream Ale
Witch’s Hat Holy Confusion Barleywine

Grand Rapids Brewing Co.
River City Red
Long Shadow Export Stout
English Session Ale
Hopgoblin Imperial Ale
Silver Foam Golden Ale
Espresso Stout

Great Baraboo Brewing Co.
Black Stone Porter
Snake Eye Canyon Red Ale
Vanilla Gold Golden Ale
Adventures in Hop IPA

Grizzly Peak Brewing Co.
Burton-Brussels Express Wood-aged IPA
Verloene Hosen Uber-Marzen
Humongous Imperial Red Ale
Little Giant Lager

The Hideout Brewing Co.
Spiced Chocolate Rye
Midnight Oatmeal Stout
Smugglers Hazelnut Stout
Man in Black IPA
Batch 300 Old Ale
Bourbon Barrel Imperial Stout

Hoppopotamus American IPA
Raging Centaur Double IPA
Oil Rigger Imperial Stout
Black Mamba Schwarzbier
Slammin’ Salmon American Pale Ale
Dictator Cuban Coffee Stout (on nitro)

Jaden James Brewery
Honey Blond
India Pale Ale
Amber Ale
Russian Imperial Stout

Jamesport Brewing Co.
Scottish Strong Ale
Mocha Java Porter
Alt Bier

Jolly Pumpkin Artisan Ales
Noel de Calabaza Holiday Ale
Bambic Special Blend
Collababiere (collaboration with Stone B.C.)
Chocolate, Pineapple, Chipotle Rauch Biere

Kuhnhenn Brewing Co.
Stollen Christmas Fruit Beer
Bourbon Barrel Aged Fourth Dementia Olde Ale
Penetration Porter
Lunar Eclipse Amero-Bel IPA

Liberty Street Brewing Co.
Siamese Dream Double IPA
Kilt Tilter Strong Scotch Ale
American IPA
Starkweather Stout
Pooh Beer Honey Porter
Resinator Hemp Doppelbock (3:00 release)

Lily’s Seafood Grill & Brewery
Propeller Island Pilsner
Woodbutchers Pale Ale
Reggie’s French River Red
Sven & Ollie’s IPA
Emmie Mae’s Brown Ale
A Strange Oatmeal Stout
Drummond Island Dunkel
Yukon Cornelius Spiced Porter
O’Grady’s Cherry Stout

The Livery
2010 Barrel Aged Carvana Birthday Ale
Bourbon Barrel Jak Imperial Pale Ale
Barrel Aged Grand Reserve Hoppelbock
Barrel Aged Grand Reserve 5th Dimension Belgian IPA
2011 Carvana Birthday Ale
Telewhacker Winter Brown Ale
1/10th of a Mountain American Pilsener
String of Ponies American Pale Ale

Michigan Beer Cellar
Black Magic RyPA
Winter Sunshine Wit
Dryhopped American IPA
Mocha Java Stout
Not Old Enough Old Ale
Double Black Magic Double RyPA

Michigan Brewing Co.
Badass American Lager
Russian Imperial Stout
India Pale Ale
Celis Grand Cru

MillKing It Productions
AXL Pale Ale
BRIK Irish Red
“Menage a Trois In Your Mouth” Firkin

Motor City Brewing Works
Ghettoblaster English Mild
Strong Ale
Corktown Stout
Hard Cider

Mt. Pleasant Brewing Co.
Steam Engine Stout
Iron Horse IPA
Gruit Ale
Train Wreck Amber

New Holland Brewing Co.
Dragon’s Milk
Barrel Aged The Poet
Barrel Aged Imperial Hatter
Charkoota Rye Smoked Doppelbock
The Poet Oatmeal Stout
Night Tripper Imperial Stout
Sundog Amber
Full Circle Kolsch
Mad Hatter IPA
Top of the World Red Ale
2009 Black Tulip Belgian Trippel
Golden Cap Saison
2009 Brother Jacob Belgian Dubbel
Imperial Hatter
2010 El Mole Ocho
2010 Beer Hive Trippel w/honey and ginger
Mutinous Battle Chai Saison
2006 Pilgrim’s Dole
Envious Barrel Aged Fruit Ale

North Peak Production Brewery
Fury Black IPA
Burly Belgian IPA
Vicious Wheat IPA
Diabolical IPA

Odd Side Ales
Peanut Butter Cup Stout
Fig Brewton Pale Ale
Morning Wood Stout
Irish-style Mint Stout
Imperial Fussy Double IPA
Realignment Raspberry Wheat
Black Peppercorn Pale Ale
Citra Pale Ale
Smoked Chili Pale Ale

Old Boys’ Brewhouse
Connor’s Kolsch
La Belle Apple
The Kennel King Imperial IPA
Dunkler Hund Munich Dunkel
Toffee Stout
Butch’s Big Bad Beer Imperial Stout

Old Hat Brewery & Grill
Peanut Butter Stout
Pontoon IPA
Bees Knees Gluten Free Ale
Amber Rhy
Cherry Baby Pilsner

Olde Peninsula Brewpub
Forest Street IPA
Rockin’ Razberry Wheat
Stout Chocula
Sunset Red

Original Gravity Brewing Co.
440 Pepper Smoker
Bellywasher Scotch Ale
Southpaw IPA
Primordial Porter
Bourbon Barrel Ginger Ale

Redwood Brewing Co.
Cream Stout
Oatmeal Stout
Russian Export Stout
Wee Heavy Scotch Ale
Yorkshire Amber Ale

Right Brain Brewery
Random Alpha Docious Collaboration IPA
Dead Kettle IPA
Naughty Girl Stout
Bonaduce Ginger IPA
Rubus & Thistle
Barrel Aged Black Eye PA
Nice Girl Barrel Aged Stout
Grand Traverse Pie
Passion Brew IPA

Rochester Mills Beer Co.
Brown Ale
Scotch Ale
2009 Imperial Stout
2008 Bourbon Barrel Barleywine
Paint Creek Porter
Cornerstone IPA

Round Barn Brewery
West Highland Wee Heavy
Grape Expectations

Royal Oak Brewery
Das Britannia Export Ale
Abbey Normal Belgian Pale Ale

Saugatuck Brewing Co.
Singapore IPA
Pier Cove Porter
Oval Beach Blonde Ale
True Scot Ale
Rauch Bier
Neapolitan Ale
Vanilla Nutmeg Oatmeal Stout
Black Pale Ale

Schmohz Brewing Co.
Treasure Chest
Bone Crusher

Sherwood Brewing Co.
Buxom BlonDDe Ale
Mistress Jades Hemp Ale
Production Line Red
Houlihan’s Irish Stout
Black Tornado Hop Stout
Blackjack Coffee Stout
Mole Stout (1:00 release)
White Elephant (2:00 release)
Resinator Hemp Doppelbock (3:00 release)

Short’s Brewing Co.
Snow Wheat Hefeweizen
Carrot Cake
Wizard Barley Wine
Black Cherry Porter
Almond Joy
Raisin Apollo Double IPA
“Another Caucasian Gary”

Sullivan’s Black Forest
Woody’s Light
Lost Sailor IPA
New Speedway Imperial Stout

Tri-City Brewing Co.
Hell’s Half Mile Helles
Charity Island IPA
Giant Slayer Russian Imperial Stout
Scotch Ale

Walldorff Brewpub & Bistro
Hopnoxxxious IPA
Bee Sting Honey Rye
Cobain’s Double Dark IPA
Killer Bee Strong Rye
Old Woody Imperial Stout
Blackberry Raspberry Lambic
State Street Stout

Wolverine State Brewing Co.
Premium Lager
Dark Lager
Faustian Stout Baltic Porter
Revilo India Red Lager
Pastoral Winter Wheat Lager

Woodward Avenue Brewers
Raspberry Blonde
Vanilla Porter
Pale Ale
Ruby Lager



Posted in Beer | Leave a Comment »

New Trade: $CTXS

Posted by Dino on February 25, 2011

I pointed this one out this morning and sure enough it’s taken off like a rocket.  I was a bit slow on the trigger finger and missed my entry by around 40-50 cents but it moved so quickly it was hard to time it.  Will peel some off if/when it retests yearly highs.  The volume has been substantial but would like to see a bit more come in.  Would like to see it near the levels of Feb 10-14th.

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Trade Review: $FCX & $EDZ

Posted by Dino on February 25, 2011

It took me a little while to post a trade review on FCX cause I had to lick my wounds and heal a bit before revisiting this one. Needless to say I got my ass kicked on this one.  On this position I pretty much maxed out my risk tolerance (no more than 2% of total portfolio whereas on most other trades I limited it to around 1%)  After breaking out of its flag on 12/16 I went long at 56.87 (split adjusted) and it worked right off the bat.  This may have been my undoing in that it gave me lot of confidence in my decision.  After a modest pull back and short consolidation it ran to new 52 week highs.  Then earnings hit.  While I wasn’t blown away by their report, I didn’t think it deserved being shellacked  received and held on as it had not yet hit my stop of a split adjusted $50.  Unfortunately my stop was hit and I lost 11.88% overall on the trade.  FCX appears to be bouncing  since being stopped out but this bounce may be short-lived.  Until it takes out the descending trendline resistance established since making new 52 week highs I’d wouldn’t consider a long position for a while.





EDZ on the other hand, is a trade I’m very happy with.  I initially entered it as a hedge to my long exposure and I couldn’t be happier with the way it turned out.  As I described earlier, EDZ is the triple inverse to the EEM which appeared to be weaker than the S&P and not making new highs but under performing.  This divergence lead me to EDZ and since my entry, it had traded as I expected it too.  Pull-backs in the S&P were complimented by strong and sustained surges in EDZ.  Rises in the S&P resulted in only a relatively modest amount of selling in EDZ.  That changed though in the past week or so and a bit of divergence appeared.  EDZ would spike along with drops in the S&P but they were not really as sustained as the selling in the S&P.  This became obvious in the failure of EDZ to hold a breakout above the descending trendline.  After seeing this divergence along with the quick drop in Oil and Gold, it seemed to me that the EEM may be settling down for the time being.  I don’t know it the unrest is over  but if it appears that it isn’t I wouldn’t hesitate to re-enter if it is able to hold the ascending trendline as another hedge to my longs.  Exited the position with a 16.6% gain which almost wiped out my loss on my FCX trade.

Posted in Market, Trade Review | Tagged: , | 3 Comments »

$CTXS Possible Entry

Posted by Dino on February 25, 2011

I’m liking what I see in the 1 hour CTXS chart for an entry.  It’s had about a 50% retracement off of recent highs down to previous resistance now looking like it’s support and it’s at an ascending trendline support.  Entry over yesterdays highs could bring about a retest of 73.62 and possibly higher if the general market cooperates.

Posted in Market | Tagged: | 1 Comment »

New Trade (but may be short lived): Long $ANR

Posted by Dino on February 23, 2011

As of last weeks post I stated that I wasn’t looking to start any new long positions.  And I was telling the truth, I wasn’t LOOKING to start any new longs, but one fell on to my lap.  I was looking over some charts last week when I happened upon Alpha Natural Resource (ANR).  ANR had a nice run from the middle of December to the middle of January but it looks as though it got a bit ahead of itself and people took their profits bringing it back down to reality.  After that bout of profit taking ANR announced that they were acquiring Massey Energy (MEE) for a $7.1 Billion stock and cash deal.  After this news was released ANR bounced around 52-55 area before breaking out from that consolidation and holding the 50 day SMA for a couple of days.  I went long at 57.15 expecting continuation but in the past few days ANR (along with other coal related stocks) have taken it on the chin. On February 18th (a couple days after I initiated my position) Greg Harmon wrote a blog titled “Stoking the Coals” which supported my thoughts on the sector.  Unfortunately they’ve all been dropping like rocks.  Hopefully they find their bottom above my stop and retest highs soon.

Posted in Market, Uncategorized | Tagged: , | Leave a Comment »

Don’t be a dick for a tick. Or why I closed half of $ATPG long.

Posted by Dino on February 19, 2011

I heard this saying from a trader a year or two ago and it’s been stuck in the back of my mind since then.  I never really applied it to my trading until the past couple of weeks.  In my latest post I talked about how I came within 4 cents of my target on this trade but let profit slip away because it didn’t precisely hit my target.  This, along with my other mistakes, resulted in about a 2% loss where it should have been about a 13% gain.  Defeat snapped from the jaws of victory.  Winner turned into a loser.

Fast forward to Thursday February 17th and ATPG has made quite a run from the end of January.  My initial plan was to take about half off of my position just under $20.  This appeared to be previous resistance and I expected a pull back from around these levels.  I set my sell limit to 19.65 that morning.  Thursdays highs ended up being  $19.59.  Remembering my ACTG trade I decided to take half off before the day ended at 19.31,  39 cents short of my target.  I expect ATPG to eventually hit $19.65 and the squeeze will continue past $20.  But instead of being a “dick for a tick” I’m took half my profit instead of letting a few cents get in the way of a 27% profit.

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Trade Review: $ACTG

Posted by Dino on February 18, 2011

Talk about a trade I almost completely screwed up.   If there’s a reason for documenting your trades this is it.  It is important to remember your winners but it’s just as important to remember your losses and mistakes.

The chart to the left has quite a few notes on it and I’ll try to go through them all and try to make sense of them for you.  My initial entry was a prudent entry as it appeared that it was going to resume its rally after pulling back and appearing to form a base from $25.25 to $25.50.  It didn’t seem to want to enter the gap so I made my entry at $26.37 and the next day it dropped rapidly.  I was fearing a gap fill so I set my mental stop to a close below $23.50 but it didn’t meet that criteria.  over the next couple of weeks it rallied close to my target of $30.24 which was based upon  a 161.8 fib retracement from the swing high to that low.   It popped up to $30.20 and I sold a small portion at that pop just to lighten up my long exposure (was looking a bit heavy here at the time) but didn’t sell cause it didn’t hit my target.   Thinking it would hit it the next day, I held on.  Certainly it would hit in the next day or two…..but no.  It fell back down into a multi-week consolidation.  I was quite frustrated at this point but frustration turned to optimism as it rallied back up to the $30 area.  It was trading well at this level and I felt comfortable walking away for a meeting.  When I returned a couple of hours later it certainly had hit my target….and then dropped back down.  Like a fool I hesitated closing under $30 because I wanted to close it on my target.   You can see what happened over the next seven days.  My frustration doubled and after nearly getting stopped out I closed the remaining position for just about a 2% loss over all.  I let a few pennies get in the way and turned what would have been over a 13% gain.

Maybe I’ll add “Don’t be a Dick for a Tick” or “Don’t Trip over Dollars to Save Pennies” to my trading rules.

Posted in Trade Review, Uncategorized | 1 Comment »

Train Kept a Rollin’ $ATPG $EDZ

Posted by Dino on February 14, 2011

I haven’t written a post lately for a few reasons but mainly….there’s not much to write about.  The Egyptian revolution piqued my interest but the market apparently only thinks the upheaval is worth a 25 point S&P drop which was made up for in about 2 trading days.  There’s been some mergers and bankruptcies but not much that have affected my holdings.   ATPG shorts are starting to cover (which is awesome) but I’m looking for the explosive squeeze that results in the sky-rocket.  It’s going strong but no sky-rocket yet….though it appears the fuse is lit.  Right now I’m not looking to initiate any new longs with the market being extended like this for such a period of time.  I am simply riding out my longs and will continue let them develop until profit target is met or I’m stopped out.   I’m 21.5% cash and am very comfortable with that.

My hedge is actually kicking ass right now.  EDZ is my exposure to the down side since it’s the 3x inverse of the EEM which still looks pretty weak to me.  I still see further down side for the EEM and don’t plan on closing out my hedge for a little while.  It still keeps showing me profit so why pull it?  Tunisia and Egypt aren’t the only up risings that are taking place as today it was reported that violent protests are spreading to Bahrain, Yemen and Iran.  Where will this end?  No one knows right now but I’m pretty certain that this is only the beginning.  Too many questions are undetermined right now.  Who will lead Egypt?  Will a government that is friendly to other, non-Islamic countries rise or will there be an increase in hostilities?  What will Israels response be if it sees that it being further threatened than it already is?  There’s just too many questions left unanswered and for that reason I feel comfortable keeping my EDZ hedge as I have not seen a sign that EEM will be rebounding.

Until something changes I’ll just continue on my merry way making a bit of money along the way.

Posted in Market | Tagged: , | Leave a Comment »

Trade Review: $DFS

Posted by Dino on February 6, 2011

It’s been one of my longest holdings since I started this blog and one of my more profitable ones but I decided on Tuesday, February 2nd to close out my long DFS position.  I went long on 7/22/10 at 14.91 and exited on 2/1/11 at 20.85.  Along the way I sold two call positions for a net profit of .35/call and bought a put position that I let expire for a .10/put loss.  Over all my profit was about 41.5%.   I bought it in anticipation of a channel break out but was willing to play the possibility of it riding out the channel by selling calls to off set any draw downs.  The first call I sold was very successful  but the second I sold was prior to the channel breakout but luckily I bought it back before I lost too much money.  DFS broke out of it’s channel and never really looked back.

I’m happy with the way this trade worked out.

Posted in Market, Trade Review | Tagged: | Leave a Comment »

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