UPDATED TRADE BELOW: SILVER and GOLD had a heck of a week last week with their etf’s garnering much of the spotlight in the equity markets……SLV plunged 25%, while GLD saw a more orderly decline down ~4.5% …
Continue readingUpdate: ERTS report their fiscal Q1 tonight after the close. The options market is implying about a 5.5% move following earnings vs the average over the last 4 qtrs of about 9%. I took this …
Continue readingStock is unchanged after reporting a strong qtr and giving solid guidance (which if I were long I would be a little worried)……..Both trades suggested (below) were intended for the stock to achieve the implied …
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Yesterday CSCO announced a well telegraphed and a well needed plan to restructure the company in effort to better “streamline operations”… or whatever. It’s all a bunch of mumbo jumbo in my opinion, and any organizational …
Continue readingSLV is down 11.5% today and almost 30% in a week……Last week we took a quick look at the name (see below) asking if the move to the high 40s was a blow off top……Made …
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UPDATE May 5, 2011 at 10:45am: If you are interested in trading this name today USE LIMITS, the weekly options are very wide…..the Put SPread that I detailed below is 2.40 at 6.40, DO NOT …
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EVENT: ERTS (20.16) reports fiscal q4 2011 earnings tonight after the close. -Options market is implying ~7.25% move vs the 8 qtr average of ~7.5%. PRICE ACTION / SENTIMENT / FUNDAMENTALS: -stock is up 22% …
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While I am very glad to hear of the unpleasant demise (shot in the eye!) of the above mentioned evil-doer, as far as the markets go, I do find the whole thing a bit anti-climatic. …
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As most readers of the his space know I was particularly skeptical of bank stocks heading into earnings season. While most names posted decent results for Q1, the stocks acted, and continue to act horribly, …
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