Back in Oct when CMG was a tad lower than current levels, we took a shot playing for a reversal at a time when high valuation momentum names appeared to have hit the skids (here). …
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Trade Update Feb 26th, 2013 at 1:45pm: COST has remained amazingly resilient since Feb 15th when I bought March 100 puts. During that time period, the SPX is down about 2.2%, while COST down about …
Continue readingCitigroup has declined sharply in the past 2 days as the European contagion risk has resurfaced. With my trade at a double here, I’m going to take off half and leave the other half on. …
Continue readingThe market is finally selling off today, and since I have some bearish bets on, I want to at least monetize one winner today on this move, just to give myself some dry powder going …
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CAKE reports Q4 earnings tonight after the close, the implied move is about 4% which is shy to its 4 qtr avg of 4.75%
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Wal-Mart’s executive emails were just leaked 30 minutes ago, and the company’s management didn’t paint a pretty picture of the U.S. consumer to start 2013. Apparently, February sales are a “total disaster” at the retail …
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I laid out a long-term thesis on WHR back on Feb 1st, after WHR had reported strong earnings and moved to near all-time highs. In that post, I laid out several reasons to be concerned: …
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Since last summer we have posted our share of cautious comments (below) on YUM Brands given their heavy exposure to China, and what appeared to be weakening trends for fast service restaurants in the U.S. …
Continue readingWHR is down almost 5% since the stock ramped higher on earnings on Jan 31st. It’s down 4 straight days after what felt like an exhaustive move on Thursday. I initiated a put spread on …
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Since Greece first said that its government books were essentially cooked more than 3 years ago, the European banking crisis has lurched back and forth between calm and inferno more times than I care to …
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