AMZN ($233.50) Options market is implying about a 7% move vs the 4 qtr average move of about 5.5%…..I am not going to spend a lot of time of the fundamentals or valuation in this …
Continue reading2nd Update Oct 25th, 2011 at 2:05pm: With the stock at 77.75 I sold half of my position at 4.60, double what I paid and taking my cost off the table….I will now let the …
Continue reading
MorningWord: 10/25/11: Equity markets the world over continue their giddy little run into tomorrow’s second Euro summit on their debt crisis……Make no mistake about it, expectations are high…..kind of feels like AAPL the day before …
Continue reading
I can’t remember the last company that committed such an unforced error as Netflix has, New Coke maybe? From Reuters: Netflix Inc lost more customers than it anticipated in the third quarter and warned of …
Continue reading
The Easiest Way in My Mind to Fade This Rally Is to Short the Banks The SPX is up almost 18% in a straight line since making new intra-day 52 week lows 20 days ago……Enough …
Continue reading
Update Oct 25th, 2011 at 9:30am: As many of you know by now, NFLX is down about 37% in the pre-market, below the 75 strike put I am long as the lowest leg of the …
Continue reading
MorningWord: 10/24/11: Friday’s close was nothing short of impressive, with the SPX closing at 2 month highs and popping the little flag it had been forming above 1200 for the last week. From a technical perspective …
Continue reading
Bespoke The S&P 500’s 22.86 point gain today put the index above the 1,230 key resistance level that it had been struggling to break above for the past few weeks. As shown below, the index now has …
Continue reading
Much like the prior week, equity markets the world over climbed a bit of a wall of worry in the hope that summits and troikas will solved Europe’s debt woes……The SPX closed the week at …
Continue readingUpdate Oct 21st, 2011: CMG reported Q3 earnings last night that obviously beat expectations…..Here is a quick rundown fro Barclays Capital who seemed a bit downbeat about the results in a note to clients this …
Continue reading