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Robert Weinstein
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Follow me on https://twitter.com/#!/RobertWeinstein Let's connect on Linkedin http://www.linkedin.com/pub/robert-weinstein/12/129/651 Contributor to Rocco Pendola's weekly Options Investing newsletter for $29.99/month: http://www.paid2trade.com/pendola-stock-option-newsletter?s=robert Robert... More
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  • Trading Results 3/25/11 0 comments
    Mar 25, 2011 7:46 PM

    Wow, can you believe that investors are driving the price of $YOKU higher?

    It would appear that some people have been living under a rock and have not noticed that lately at least one stock a week has been getting slammed by accounting fraud allegations. This of course makes investors leery of any Chinese Stock with good reason. YOKU has not profits and appears to be about a perfect setup for the next Chinese stock that may be targeted. I will be following up with more but at best it appears that the full valuation is built in and if any negative news comes out next week by any Chinese stock will likely produce more headwind. If someone uncovers anything with this one it is likely to see a very large drop in price. Because of the headline risk I started to fade the move higher and sold call options.

    I also sold some $DTG options and stock as it appears ready to retrace its move back from its huge runup in price.

    Lastly, I shorted a very small amount of $SIRI so I could put my money were my keyboard is as I am about to release a bearish article on SIRI.

    Have a great weekend

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  • Out $AMZN $250 puts. Typical bread and butter buy the rumor sell the news trade.
    Sep 6, 2012
  • I guess no one gave a memo to the buyers of $AMZN that the Kindle isn't going to make money and the PE is at nose bleed levels.
    Sep 6, 2012
  • Shorted $AMZN via buying $250 puts
    Sep 6, 2012
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