Yesterday we detailed trades into two earnings events, Nike (NKE) and RedHat (RHT). The two stocks have nothing to do with eachother other than they were both reporting on the same day. But I wanted …
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Event: Infrastructure Software vendor RedHat (RHT) reports their fiscal Q4 results after the close. The options market is implying about an 8% one day move which is very rich to the 4 qtr average of …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was June 15th to June 19th:
Continue readingEvent: Open source infrastructure software provider Redhat (RHT) reports fiscal Q1 results after the close. The options market is implying about an 8.5% one day move, which is rich to the 4 qtr avg of …
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Tech investors have shot first and asked questions later when it comes to companies issuing profit warnings. This morning Sandisk (SNDK) stated that Q1 sales would be lower than their guidance given on January 21st by …
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In early May we made the case for a bearish trade in CRM (at about the same level as it is now) largely based on what we felt was a poor technical set up and …
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Yesterday we placed a short term bearish bet in CRM as we thought the stock’s bounce back from 6 month lows back to the downtrend line made for a very good entry on the short …
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Last week I highlighted the technical set up in Salesforce.com (CRM) in a CotD post. The stock’s quick move from the high $50s to below support at $50 (or the neckline of the “Triangle of …
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Very busy macro calendar this week. Today, the main event is Janet Yellen’s speech at 9:55 am ET, titled Strengthening Communities, which will take place at the 2014 National Interagency Community Reinvestment Conference in Chicago. Important economic …
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On the macro front, the main focus will continue to be geopolitical, focused on Russia. As for economic reports, Durable Goods is released on Wednesday, revised 4th quarter GDP is released on Thursday, and personal …
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