There are a lot of investors and analysts that I respect very much who are long or bullish on FB’s prospects. I do not share their enthusiasm at current levels. We could talk about valuation, …
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After closing at the dead highs for 2013, also a 5 year high, GE has been a fairly dramatic under-performer in 2014, still down about 9% despite the S&P 500 back in the green and …
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Colgate-Palmolive is a consumer staples company that lives up to that description. Colgate has grown sales for the past 10 years (flat in 2009) at a rate of 0-15% in each year. Earnings have grown …
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About a week and half ago we thought XOM was getting a bit oversold and fairly uncharacteristically made a bullish play (below) by financing out of the money calls by selling an out of the …
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Back in late November, we thought the rally in XOM from the 52 week lows, to new 52 week highs in a bout 6 weeks was largely the result of Berkshire Hathaway’s accumulation of a …
Continue readingTrade Update June 11th, 2013 at 10:25am: Since placing this bearish bet on CAT a month ago, the stock has sold off about 6% and the stock is now sitting right in the middle of …
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Here’s a Preview of what I’ll be discussing on Options Action tonight at 5:30 Back in early March, when CAT was trading at similar levels to where it is trading today, I highlighted (post below from …
Continue readingTrade Update April 18th, 2013 at 3:30: This one is coming down to the wire, and in long premium options trading your PnL does not score any points for almost catching a last minute …
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I have been reminded on more than one occasion by my friends on CNBC and in the Twittersphere that my market call has basically been flat out wrong for nearly 2 months. We have done our best …
Continue readingTrade Update April 4th, 2013: This is a trade that had the right rationale, just a poor outcome. I thought IBM implied volatility was priced too cheaply when I initiated this trade 3 weeks ago, …
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