Two years ago this week, Apple reported fiscal Q3 results that disappointed the street, missing on sales, earnings and saw an almost 5 point sequential gross margin decline from an all time high of 47.3%. The stock …
Continue readingSO
Yesterday’s prepared testimony by Fed Chair Janet Yellen created a lil controversy, and a mild bit of equity selling pressure for the following remarks: However, signs of risk-taking have increased in some asset classes. Equity valuations of …
Continue reading
Two weeks ago when Pandora was nearing technical resistance at $30, we closed half of our bullish call spread for more than a double (below). After yesterday’s price action, and today’s bounce, we are going …
Continue reading
Back in early May, we placed a bullish trade in Pandora (P) as we felt the stock was a tad oversold from its recent highs, and the rumored acquisition of Beats by Apple could place the …
Continue reading
About a month ago, when some of the high fliers seemed to put in a short term bottom in their corrections, we placed a bet on Pandora with the thought that the entry provided a …
Continue reading
If U.S. equity investors were handing out a scorecard for ytd performance, on a relative basis, the S&P 500 would have to receive a B+, up 1% on the year, only down 1.7% from the …
Continue reading
The tech world is abuzz with rumors that Apple is preparing to make their largest acquisition to date by paying a reported $3.2 billion for Beats by Dr. Dre, a headphone company that has a …
Continue reading
As regular readers of Risk Reversal know we like to find opportunities to short bad, or what we deem to be misunderstood stories in any sort of market. But how we use the term “short” …
Continue reading
After what felt like a one way freight train in 2013, U.S. equities for the first five and half weeks of 2014 seemingly got derailed. Obviously that sounds a bit dramatic, as we were only …
Continue reading
MorningWord 12/16/13: On more than a couple occasions in 2013, we have attempted to crack the code of EBAY’s embarrassing performance in a raging bull market. In the last couple months we have used the …
Continue reading