At one point this morning IBM shares were up almost 2% on unconfirmed rumors that activist investor Carl Icahn was going to take a stake in the beleagured tech giant: Shortly after the open, and …
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Regular readers of the site know that we don’t generally refer to the U.S. equity market in terms of the Dow Jones Industrial Average (DJIA). The index of 30 stocks (largely not industrials) is price …
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In our continuing coverage of what it’s like to enter a bear market™ we want to use the example of this morning’s IBM’s earnings miss. But let’s first start with the news that preceded the …
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Event: EBAY reports its Q3 earnings today after the close. The options market is implying about a 4% one day move, which is slightly above the 4 qtr avg of about 2.75%, and in line with the …
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Just a few weeks ago we initiated a short biased position in IBM when the stock failed to breakout at technical resistance and saw a high probability of a break down below its 50 day moving average. At the …
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Back in late July prior to Q2 earnings I bought TWTR shares at $38.65 for a whole host of reasons, none more importantly that I believed at the time and continue to do that the …
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A few weeks ago we laid out (below) our bearish thesis on IBM. We have written a lot of late about the disturbing trend of large cap U.S. multi-nationals with little to no revenue growth …
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Prior to TWTR’s Q2 earnings in late July I considered a couple different bullish trades using options but ultimately just bought the stock at $38.65 for the simple reason at the time (read full post …
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Here is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was Sept 2nd – Sept 5th:
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IBM has been at the top of our list of large cap stocks where earnings have been massaged for years while the business has remained stagnant. The bull/bear debate between a cheap valuation and a …
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