IBM has fallen below our $180 mid-point for our put butterfly trade that we put on last week. The catalyst was Stan Druckenmiller’s presentation at the RobinHood conference on Friday, recommending IBM as a good …
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We wrote about IBM in detail in a Macro Wrap post last month, highlighting an interview with Jim Chanos where he pointed out the accounting gimmicks many large cap tech stocks have been using to …
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IBM’s dismal result last night reminded me of some comments I heard from Jim Chanos last month about value stocks in the tech space, in this Bloomberg interview: As opposed to, some of these companies, …
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MorningWord 7/1/13: Ok, enough with all the summer swoon fear-mongering stuff. It is summer, and yes, global equity markets sold off from all time highs in the last few weeks. And it’s a slow news …
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I’ve played CMI twice in the past 2 months, both bearish bets. The first I closed as a nice winner, and the second I closed for essentially flat. My longstanding thesis has been that CMI …
Continue readingTrade Update Oct 10th, 2012: The original thesis on my CMI trade was that traders would be wary of another weak result from CMI given broader international industrial trends. Well, CMI guided down last night …
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Cummins has been on my radar ever since I first wrote about Caterpillar and its ties to the China back in May. In that post, I discussed the price signals being sent by FXI and …
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