Into the close and it’s a fading market. Then again, let’s call it a catlayst-less market as I did this morning instead. New geopolitical headlines could drive the markets up or down, perhaps, but I’m pretty sure the broader markets will be treading water until we start getting some fundamental updates and guidance from the [...]
No buys today, just focusing on shorts a…
March 31, 2011 By
Foxconn is one of the biggest contract m…
March 31, 2011 By
Foxconn is one of the biggest contract manufacturers in China and it’s running into some troubles finding profitability despite making gadgets for the Apples, Nokias and other big smartphone/tablet vendors of the world. But before you write off the app/tablet/smartphone revolution because of Foxconn’s bad news today, let’s drill down for some deeper analysis. Here’s [...]
It’s a flattish open as we remain cataly…
March 31, 2011 By
It’s a flattish open as we remain catalyst-less until we fully enter earnings season in the next couple weeks. Here’s a list of my longs and shorts so far: Longs- Apple Ciena Celestica Cisco Cypress DBA Corning Google Microsoft Nokia Nuance Riverbed Shorts – Lender Processing Services XLF I’m going to look to start building [...]
Social butterfly. Social security. Soc…
March 30, 2011 By
Social butterfly. Social security. Social drinking. Social smoker. Social sciences. Social distortion. Let’s talk social for a minute because it’s one of the key drivers in all things related to tech, media, and advertising. First off, let’s touch on this Wedbush report I got in my inbox today that says we’ve entered a brand new [...]
So far today, I have bought more Nuance,…
March 30, 2011 By
So far today, I have bought more Nuance, Cisco and Corning calls. These positions are getting closer, at least half as large as what I’d consider a full position for my personal account. In other words, if I were expecting to expose say, $100,000 total, to Cisco, I should have more than $50k exposed to [...]
I’ve bought a big chunk of Nuance so far…
March 30, 2011 By
I’ve bought a big chunk of Nuance so far and I don’t know whether I want it to start rallying just yet…I want to buy some more before it runs, if it runs. Here’s why Nuance is up 7% today: March 30, 2011 7:20 AM EDT FBR Capital reiterates an ‘Outperform/Top Pick’ Nuance Communications (NASDAQ: [...]
I haven’t traded yet today, but remember…
March 30, 2011 By
I haven’t traded yet today, but remember I’ve been scaling into a short position in Lender Processing Services? Read this, from nakedcapitalism.com: Lender Processing Services has played a singularly destructive role in the mortgage servicing industry. The firm not only offered document fabrication services through DocX, a company it acquired and was forced to shut down [...]
Most of my stocks right now are at level…
March 30, 2011 By
Nice rally to close the day as the contr…
March 29, 2011 By
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