Prior to last night’s report from the WSJ that government owned Chinese company Tsinghua offered to pay $21 a share ($23 billion) for Micron (MU), the stock had declined 50% from its 52 week highs …
Continue readingLast Monday
MorningWord 3/28/13: Enis posted a couple great charts this morning in his MacroWrap on the SPX and what its eventual break above new highs could mean (read here). The powers that be, really want to …
Continue reading
MorningWord 3/27/13: The breadth of the rally has been declining all year as measured by the NYSE New Highs, charted below (a series of lower highs and lower lows): [hr] MorningWord 3/26/13: Back in …
Continue reading
MorningWord 3/26/13: Back in late September when YHOO was trading ~$16, and prior to its 45% rally to almost 5 year highs, we thought the stock was cheap on a sum of the parts basis, …
Continue reading
MorningWord 3/25/13: Last Monday, at this exact time I sat down to pen this piece and I suggested that the down 1% opening on the flare up was a “Treacherous Set Up For Bears, $SPX = Flight …
Continue reading
As most readers of this site have become acutely aware by now, not only do I not believe in “buy and hold’ investing but I tend to be a bit of a contrarian when it …
Continue reading