Labeling and Script Use May Cause Problems For Optimer's New Drug [View article]
OPTR is at an interesting inflection point right after this pullback. If it goes below 14, the writer may have made a good call. But currently the pullback toward 14 may have been a good entry point. Typical government bungling placing the announcement day on a federal holiday!
9 Tactical Short Positions to Bet Against [View article]
Don't you think shorting OPEN is a bit of a "crowded trade"? 30% short, low float and high volume...fuel for the short squeeze fire.
Well, you either covered your AMZN short position, or you got crushed. Our biggest portfolio gainers today are AMZN, SOHU, NFLX - in that order. NFLX is another one that had a massive 30% short ratio and had a 60+ point swing low to high move recently.
Tough environment to be shorting in. But it's been no picnic for the longs either, with all the "black swan" events this year.
There are quite a few other wonderful articles recently in SA concerning OPEN.
Market Breadth Points to a Bounce or Short Term Bottom [View instapost]
I submitted this as an article last night but it was rejected because it was primarily TA. So that's why for timely - whether good stock setups or market direction, market timing, I just use twitter, it's awesome. And actually, you can post charts with a paragraph of material thru stocktwits.com, so you're not really limited to a short post. Plus you can get cell phone text alerts. My twiter "handle" is EminiXX, or check the SPY feed.
Stock Market Decline Develops Exactly as Expected [View article]
I posted a couple of Market Indicator charts of the McClellan Oscillator and the High vs. Low ratio. Draw your own conclusions, but being short overnight could be very dangerous at these levels. Posted under EminiXX or the $SPY thread.
Mining, Coal, Railroads and Joy Global's Earnings [View article]
I resubmitted this article because the editors did not publish it yesterday (the day before earnings came out), because of how timely and import these earnings are in the commodity space. They usu. publish right away, esp. for upcoming earnings that are relevant to a hot topic (in this case, commodities), so perhaps someone was asleep at the switch.
Just One Stock: Come for the Real Estate; Stick Around for Popcorn and Flicks [View article]
MarketGrader currently has a SELL rating on Reading International Inc. (RDI), based on a final overall grade of 27.8 scored by the company's fundamental analysis. Reading International Inc. scores at the 22nd percentile among all 5736 U.S. listed equities currently followed by MarketGrader. Our present rating dates to August 7, 2010, when it was downgraded from a HOLD. Relative to the Movies & Entertainment sub-industry, which is comprised of 33 companies, Reading International Inc.'s grade of 27.8 ranks 19th. The industry grade leader is Imax Corp (IMAX) with an overall grade of 80.6. The stock, up 22.42% in the last six months, has outperformed both the Movies & Entertainment group, down 4.98% and the S&P 500 Index, which has returned 4.88% in the same period.
I doubt it :) Although bad news gap downs can have high volume rally-backs. See chart of EQIX a couple of weeks ago. It gapped down from about 105 to 80 and ran down to 70, but had some nice 3-5 point rallies which were great for day trading, and had initial volume of over 30 mil shares on the gap down day. So the liquidity + potential for movement will be interesting to watch tomorrow.
This is why I like consumer discretionary brand name companies like CMG....and DECK which reports later this week. With technology you're dealing with "creative destruction."
Regarding the median line: most charting software calls it the "Andrew's Pitchfork Tool" or something similar. For the main median line you start from left to right and click on the major pivots (turning points) and the median line is drawn automatically. Some people may call it a "market geometry" approach. You can practice with GS which gives a very nice upside target of 170. I got in the Nov 155 calls yesterday for $4.20 which are now trading for $7.45, or a better than 70% return in one day.
They gapped down on lowered revenue guidance on 5x average volume, and VECO declined almost as much in percentage terms (the chart is stronger than that of CREE). Last quarter CREE guided fiscal Q1 sales between $270 million and $280 million vs. views of $284 million. The company was also downgraded by UBS to neutral from buy.
Yes I am partially looking for a technical bounce, but I also think the weakness is overblown considering their revised revenue guidance was within a $10 million range, the high end being only $4 million below previous consensus. And I do think that it came as a surprise considering how upbeat their conference call sounded just one month earlier.
Recommended book: The Greatest Trade Ever - a fabulous read by Zuckerman. In 2006, hedge fund manager John Paulson realized something few others suspected--that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing.
Another reco: The Big Short: Inside the Doomsday Machine by Michael Lewis.
Labeling and Script Use May Cause Problems For Optimer's New Drug [View article]
9 Tactical Short Positions to Bet Against [View article]
Well, you either covered your AMZN short position, or you got crushed. Our biggest portfolio gainers today are AMZN, SOHU, NFLX - in that order. NFLX is another one that had a massive 30% short ratio and had a 60+ point swing low to high move recently.
Tough environment to be shorting in. But it's been no picnic for the longs either, with all the "black swan" events this year.
There are quite a few other wonderful articles recently in SA concerning OPEN.
Market Breadth Points to a Bounce or Short Term Bottom [View instapost]
Stock Market Decline Develops Exactly as Expected [View article]
Finding Alpha Among Offshore Oil Drillers [View article]
Mining, Coal, Railroads and Joy Global's Earnings [View article]
Just One Stock: Come for the Real Estate; Stick Around for Popcorn and Flicks [View article]
Profit From Cree's Q1 Earnings [View article]
Profit From Cree's Q1 Earnings [View article]
Profit From Cree's Q1 Earnings [View article]
Profit From Cree's Q1 Earnings [View article]
This is why I like consumer discretionary brand name companies like CMG....and DECK which reports later this week. With technology you're dealing with "creative destruction."
Profit From Cree's Q1 Earnings [View article]
Regarding the median line: most charting software calls it the "Andrew's Pitchfork Tool" or something similar. For the main median line you start from left to right and click on the major pivots (turning points) and the median line is drawn automatically. Some people may call it a "market geometry" approach. You can practice with GS which gives a very nice upside target of 170. I got in the Nov 155 calls yesterday for $4.20 which are now trading for $7.45, or a better than 70% return in one day.
Profit From Cree's Q1 Earnings [View article]
Yes I am partially looking for a technical bounce, but I also think the weakness is overblown considering their revised revenue guidance was within a $10 million range, the high end being only $4 million below previous consensus. And I do think that it came as a surprise considering how upbeat their conference call sounded just one month earlier.
Housing Worries Worsen [View article]
Housing Worries Worsen [View article]
Another reco: The Big Short: Inside the Doomsday Machine by Michael Lewis.