Analyst Coverage

Intercept Pharmaceuticals Raises Much Needed Cash As Shorts Accelerate Their Bets

After the market closed for trading on January 29, 2015, Intercept Pharmaceuticals (ICPT) released exciting news: ICPT’s “…investigational product obeticholic acid (OCA) has received “breakthrough therapy designation” from the U.S. Food and Drug Administration (FDA) for the treatment of patients with nonalcoholic steatohepatitis (NASH) with liver fibrosis. This indication constitutes a population of patients with … Read more

Rio Tinto Quickly Gives Up Gains from Morgan Stanley Upgrade

Two weeks ago, I noted Rio Tinto (RIO) as a prime short as a late responder to the on-going collapse in iron ore prices. On Monday (September 22), it broke down. Typically, I close out fortuitous short positions on such swift moves, but I am projecting RIO to go a lot lower over the next … Read more

Twitter’s Run-Up Reaching A Likely Crescendo

(This is an excerpt from an article I originally published on Seeking Alpha on December 27, 2013. Click here to read the entire piece.) Twitter (TWTR) is up 22% so far in this holiday shortened week and up 41% since December 10th when the stock broke out to its first post-IPO high. TWTR has been … Read more

First Solar Cashes Some Chips At A Good Time

(This is an excerpt from an article I originally published on Seeking Alpha on June 13, 2013. Click here to read the entire piece.) First Solar (FSLR) has run an “intriguing” script since making an all-time low last August… {snip} The offering of shares is of course well-timed given the run-up. With its currency this … Read more

T2108 Update (July 31, 2013) – Potential Consolidation As the S&P 500 Waits Out Growing Negatives

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are highly likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades … Read more

Pound vs Euro – Debt Downgrade Vs GDP Downgrade

(This is an excerpt from an article I originally published on Seeking Alpha on February 25, 2013. Click here to read the entire piece.) Shortly after U.S. trading closed on Friday, February 22nd, Moody’s downgraded UK debt one notch from Aaa to Aa1 with a stable outlook. This downgrade is a natural extension of the … Read more

Australian Dollar, British Pound and Siemens Emerge Stronger Post-Cyprus

(This is an excerpt from an article I originally published on Seeking Alpha on March 24, 2013. Click here to read the entire piece.) {snip} The reaction to the Cyprus news was swift in financial markets starting with currency markets on that Sunday. By the end of the week, the S&P 500 (SPY) remained down … Read more

Apparent Lack of Negative Sentiment On Apple Makes It Hard to Call A Bottom

(This is an excerpt from an article I originally published on Seeking Alpha on March 6, 2013. Click here to read the entire piece.) In late December, I wrote about negative sentiment growing in Apple (AAPL). Apple has fallen another 100 points since then for a 19% loss, yet, negative sentiment has not grown. In … Read more

Another Downgrade for Skullcandy and Another Oversized Response

(This is an excerpt from an article I originally published on Seeking Alpha on January 3, 2013. Click here to read the entire piece.) A little over a week ago, I wrote optimistically that Skullcandy (SKUL) could make 2013 a comeback year. Those hopes were dashed right at the gate of the new year as … Read more