Last year NTAP was in the sights of activists looking for greater capital return to shareholders. In May, in conjunction with the company’s Fiscal Q4 report, NTAP announced an increased buyback and initiated a dividend …
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MorningWord 11/12/13: Back in May we took a look at NTAP prior to their fiscal Q4 quarterly report and concluded that the recent interest by activist investors, strong balance sheet and technical set up clearly …
Continue readingWestern Digital (WDC) is up 1% today, a day after acquiring private Flash Storage maker Virident for $685 in cash placing the hard disk drive maker in clear competition with established storage vendors EMC and …
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Very light option volumes in both indices and single stocks. A few standouts: XLF – The Oct 20 / 19 put spread traded for around 0.35, 115k times, in what looks like a seller to close …
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Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was May 20th through May 24th:
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MorningWord 5/24/13: When I was a young trader working with and for older traders I used to hear a lot of war stories and get lots of advice. So here is a an example of …
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MorningWord 5/23/13: As Enis said in his MacroWrap earlier, “escalator up, elevator down”, not much more that needs to be said on the Nikkei. We have mentioned on more than one occasion in the the …
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MorningWord 5/22/13: Another day, another record for the SPX. While the price action can be categorized as relatively sideways, it wasn’t a great day to be a big box electronics or video game retailer. BBY was down 4.3% on …
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Event: NTAP reports their fiscal Q4 earnings tonight after the close. The options market is implying ~6.75%* move post results which is essentially in line with the 4 qtr avg move of ~6.94% and the …
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MorningWord 5/21/13: Investing in equities on a stock by stock basis is not exactly one of the easiest endeavors, thus the proliferation of sector ETFs. Take, for example, the performance of the large cap Technology sector …
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