Michael Levin's  Instablog

Hello fans, friends of Christopher Walken and all things technical analysis. I decided to post links to the updates of the different positions I was in this week so you can see, read and be entertained by my "Walken-isms" in the market.

First up is the recap on Tempurpedic (TPX) as it got totally hammered Wednesday from the $44 area all the way down to $22-ish on a downgraded forecast and earnings from previously higher levels; Ouch! I waited a day and scooped this off the bottom at $21.40 and then Friday sold the July $24 calls against the position to lower the overall cost to $19.20 while agreeing to sell at $24 between now the 3rd Friday in July, the 20th. This locks in a 25% gain if called, within a very short time-frame. Here is the Walken video on it: http://chart.ly/ma2bhu4

Next is Sodastream International (SODA) the stock that has a short position of over 73% of the float! Wowee-wow wow as I like to say. Went long above $32 and it kept going all the way to $35 and change with the prospects of popping to $37 and from there $39 and then, who knows? This is setting up to be a classic short squeeze with potential to rip higher no matter what the general market may be doing. Walkens take on it here: http://chart.ly/vyp6jb5

Walter Energy (WLT) didn't finish as well as SODA or TPX, but it did have a nice rip higher and then pullback that showed there is pent up demand for its shares. When the energy sector gets ready to roll again, this best in breed of Coal producers has a shot at a 10% run without any effort at all. So Walken says here: http://chart.ly/v3ly55h

Chesapeake Energy (CHK) was called as a buy last week under $16 and continues its run past $18, getting ready to sell calls against the position to lock in gains and lower initial entry costs. Just another point higher and Walken pulls the trigger: http://chart.ly/rupff2n

Saving the best for last, Walken goes "cra-zee" on Apple Computer (AAPL) pulling a previous call on Apple out for re-examination and re-iteration as Walken thinks Apple is ready to lead the market higher. Apple Pie anyone? Don't choke while eating because laughs are in store: http://chart.ly/dxc5icq

I hope you all enjoy the analysis and entertainment from WalkenTalken, as he can be viewed on Twitter as: https://twitter.com/#!/walkentalken

On Stocktwits as: http://stocktwits.com/WalkenTalken

And for all of the videos (over 70 now): http://chart.ly/users/WalkenTalken

Let me know if you have any requests, often I can get to them, enjoy and please, if you notice something that you can give me feedback on, that will make me a better Walken, I am always open and eager to listen. All the best, WalkenTalken

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SODA over the next 72 hours.