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Continue readingThe duration and magnitude of the rally back from the lows made on March 16th has caught some (namely ME) by surprise, as I have written on this site on numerous occasions over the last …
Continue readingSince the SPX‘s intraday low on March 16th we have seen a bunch of M&A activity that has certainly helped buoy the recent enthusiasm in the market and helped propel the major indexes within striking …
Continue readingUPDATED March 29th 2011 @ 3:20pm & 8pm: AMZN up 3% today on a William Blair upgrade (who?). I guess this sort of price action just shows you that when a stock is ready to …
Continue readingIn the wake of the past weeks dismal housing starts, new and existing home sales data, LEN this morning managed to report better than expected earnings and slightly higher revenues. Upon further review the EPS …
Continue readingUPDATED March 29th 2011 @ 7:00am: I am in Rio de Janeiro, Brazil this week, and well, you’re not. But I would be a little careful taking the other side of my trades this week, …
Continue readingThere was a lot of talk in the mainstream financial press over the weekend about the recent rise and fall of the VIX over the last 2 week. To most investors the VIX is just …
Continue readingUPDATED Mar 25th @ 11:40am: ORCL is up 3.5% this morning after handily beating estimates and raising guidance. Stock is under-performing the implied move and the avg move over the last 4 qtrs, but remember …
Continue readingUPDATED 3/25/11 at 8:40am: RIMM is down in the pre-market almost 12% largely as a result of their guidance for FY Q1 that badly missed wall street expectations….Additionally the company did something that I think …
Continue readingSprint $4.50 Top Bloomberg story this morning getting some play (below) that in the wake of AT&T‘s $39bln bid for T-Mobile, and Sprint’s ~10% sell off that the market is valuing Sprint’s assets at ~.92 …
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