Jeff Tynik wrote a blog this weekend that included the following:
“…we have been talking a lot about esoteric stocks….When I say esoteric I’m talking about stocks that are breaking up or down on heavy volume.”
So Jeff, why are you calling them esoteric stocks? The dictionary.com definition of esoteric is 1. understood by or meant for only the select few who have special knowledge or interest; 2. belonging to the select few. What does this have to do with your stock picks, the likes of which are printed everyday in the Investor’s Business Daily newspaper? Logically, these stocks should be called ‘Volume Breakouts’, or something along those lines. Clearly there is some other influence at work here. And its name is Jonathan Petak.
Apparently the office is so enamoured with Jon’s mastery of the English language that our elite group of graduates from esteemed colleges such as Cornell and the famed NYU, can be heard aping the noises that emanate from Mr. Petak. “Tatanka!” spills forth from Dean Machado’s lips anytime the S&Ps move down a handle. In the year and a half I’ve been working with Dean, he’s never lets a mispronunciation or grammatical error reach his ears without immediately chastising the offending party. Dean, why are you using the Native American word for buffalo to describe a slight dip in the market?
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