ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Fears rise of prolonged weakness (UK) Fears that the UK could be facing a prolonged period of economic weakness have risen after a survey of manufacturers showed few companies believe a recovery has started, while many continue to be frustrated by the reluctance of the banks to release credit. (tags: United Kingdom,economy,recession,recovery) A Change Has … Read more
Investors and traders were clearly impressed with Google’s third quarter earnings report on Friday sending the stock up 3.8% on 3 times average volume (for the past three months). Google (GOOG) is now up a whopping 79% for the year and is at 15-month highs. There are of course many things to like about GOOG’s … Read more
The excitement over Intel’s Q3 earnings report has already worn off. After peaking as high as $21.60 or so in the immediate aftermath of the release (after hours trading), Intel (INTC) dropped as low as $20 today. While this is just a small amount below the pre-earnings close of $20.49, this drop has still created … Read more
Playing With Pins in Today's Market The non-nefarious reason stocks pin is that options owners on a strike price bracket the stock with ever-tightening orders on both sides so as to offset the options going to intrinsic value (or zero). The greater the open interest relative to typical volume, the more likely a stock will … Read more
U.S. solar firms' 3Q accounting may get hard look | Reuters Solar companies are likely to report their brightest earnings in a year as the industry emerges from a brutal downturn, but analysts warn aggressive accounting may cast a shadow on the sector's outlook. (tags: solar companies are likely to report their brightest earnings in … Read more