Regular readers of RiskReversal know that we’ve had a long going negative view on Macau gaming stocks and Wynn Resorts (WYNN) in particular (our list of posts here). My skepticism towards what seemed like universal bullishness regarding …
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Last week on August 5th, despite reporting eps losses that were less than expected, and revenues that were inline, Tesla lowered full year 2015 car delivery estimates from original guidance of 55,000 to between 50,000 and 55,000. This …
Continue readingEvent: BAC reports Q2 results prior to the open tomorrow, the options market is implying about a 2.75% one day move, which is a tad light of its 4 qtr avg move of 3.25%
Continue readingLast night on CNBC’s Fast Money we discussed semiconductor stocks and the potential for continued M&A activity, watch here: While I am generally skeptical of chasing “other” takeover candidates after announced deals, Marvell Technology (MRVL) …
Continue readingYHOO reports Q1 results today after the close. The options market is implying a one day move of about 5.5%, which is a tad rich to its 4 qtr avg of about 4.8%.
Continue readingShares of Microsoft are up 3.5% today, its largest one day gain of the year, bringing its losses for the year to about 7%. There does not appear to be any news in the stock …
Continue readingA day after GE announced its plans to sell off parts of its finance and retail units, and the stock’s subsequent 11% one day gains, Barron’s ran the following story Time to Sell General Electric. The …
Continue readingI know you already know this, but the Russell 2000 severely lagged the S&P500 (SPX) in 2014 (up only 3.5% vs its large cap brethren up 11.5%). I know that you also already know that …
Continue readingTwo weeks ago I had a very poor entry on a contrarian bullish directional trade in XLE (rationale below), but here from Oct 3rd: TRADE: XLE ($88.30) Bought the Nov 87 /92 / 97 Call Butterfly …
Continue readingXLE had its highest single volume day since November 2008, quite incredible considering the intervening 6 years. The ETF bounced right around the critical $80 level, which was around the high in 2011: The volume so …
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