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Supreme Alpha
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I am an independent trader/investor. I like to look for opportunities to long and short equities with specific focus on companies that have gone public within the last four years.
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  • Buying opportunity on today's pullback
    Today the market dropped another 4.68%.  I know many of you are scared that this is the beginning of more selling.  I beg to differ.  Today looks very much like a capitulation day.  The last time volume was this high on the SPY was 3/16/11 where 469 million shares traded hands.  Today, the volume was 485 million shares tradded.  The range was also unusually high.  The last time this happened, SPY rallied from 126 to 136 in about 2 months.  Based on the action today, I expect to see a rally perhaps back to 134 level from here.  I do think the market is oversold and the fundamentals are not as bad as market would make you think.  The Euro crisis is adding more uncertainty to the markets but I do think this will work itself out. Bottom line is this, take today's big sale as opportunities to add to your positions.

    Despite all the doom and gloom and folks having you believe that we are in for another recession, I really don't believe this scenario will play out.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
    Tags: SPY, macro
    Aug 04 7:15 PM | Link | 3 Comments
  • GNC Too rich for my taste
    GNC has had a great ride since it's IPO on 4/1/11, from an open price of 16.60 to 24.42 in just 4 months.  I see a reversal happening with this stock.  I think it's set to pull back from these levels.  If you are aggressive, short this stock.  If you are a long only investor, exit your positions and stay on the sidelines for now.
    Tags: GNC
    Aug 02 9:51 PM | Link | Comment!
  • NQ Too far too fast

    NQ is the kind of company that scares me.  The company went public on 5/5/11 and opened at 11.50. By 613/11, it was down at 4.02.  Not to mention, I have a hard time trying to figure out what the heck this company does besides it is the mobile security in the China market.  Since then it has rocketed to 7.25, still shy of the IPO debut price.  Well I don't think the company deserves such valuation and am looking for the price to pull back from here in the coming weeks.  Got to short this stock.

    Tags: NQ, tech, china
    Aug 02 9:45 PM | Link | Comment!
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