Trade Update May 6, 2013: QCOM has rallied back up to near its 50 day moving average after a disappointing earnings reaction. Whatever the merits of the fundamental story in the long-run, I am currently long …
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Trade Update May 3, 2013 10:47 am: JCP has rallied back up to where it traded on Monday, up about 8% in the past 2 days, and I am going to take the trade off for …
Continue readingJCP is down about 10% from its Monday morning high, though it’s still more than a dollar higher than its Thursday close, prior to the Soros news. We liked the idea of getting into a …
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Update April 26th, 2013 at 10:40am: Since initiating a bearish short dated trade on JNJ on April 12th (below), the stock has risen ~3% vs the SPX which is down about 30 bps. Let the defensive out-performance …
Continue readingTrade Update April 25th, 2013, 3:16 pm: I am adjusting my XLE trade from last week.
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A quick update on where we stand after earnings with our trade in QCOM from yesterday. Original Post April 24th, 2013: $QCOM Q1 Earnings Preview Event: QCOM reports Q1 earnings tonight after the …
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QCOM’s a cheap stock, with good growth prospects, a decent yield and buyback, and a diversified business in the right area of the chip sector. But that’s been true for many, many months now, and …
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We wanted to provide a quick update on the trade I initiated yesterday ahead of earnings. The main thought on this structure was that it was a way to take advantage of high implied volatility …
Continue readingEarlier this morning I previewed NFLX’s Q1 earnings report due out after the close tonight (below). To reiterate, as usual the set up into the print is quite treacherous for those looking to express a directional view …
Continue readingTrade Update April 18th, 2013, 2:20 pm: CMI finally broke important 110 support this week, and has sold off down to near the 200 day moving average at 103.65. Given that my trade is now …
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