ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Cisco Systems (CSCO) has steadily declined since reaching a peak in April, 2010. For much of this time, analysts and commentators seemed to focus on company-specific problems as the blame. It seemed competitor Juniper Networks … Read more
On Thursday, September 15, investors and traders dumped Netflix (NFLX) on news that the company will lose 600,000 subscribers this quarter compared to the previous quarter. In 12 years, NFLX has now suffered a quarter-over-quarter loss in subscribers only twice. This occurrence represents a 2.4% reduction in customers. (For more details see AP story “Higher … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) {snip} Tonight, RIMM disappointed traders and investors once again with its latest earnings report. This time, it was not an outright miss on overall earnings or revenue guidance. {snip} Alas, RIMM built up enough expectations … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Research In Motion (RIMM) will report earnings Friday, September 15. As usual, I will be most interested in finding out how aggressively RIMM has executed on its latest stock repurchase authorization that began in July.The … Read more
The trading playbook for Research In Motion’s share buyback is finally unfolding. Last week, Research In Motion (RIMM) broke out, nudging itself over the rapidly declining 50-day moving average (DMA). Today, RIMM finally closed above $30 and punched into June’s post-earnings gap down. *Chart created using TeleChart The September 30/35 call spread I recommended last … Read more