ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
A week ago I used F5 Networks (FFIV) as a model to suggest that Finisar (FNSR) and JDS Uniphase (JDSU) showed some promise to bounce from critical support levels. I drew out the specific price points at which buys made sense and included some stops. The promise quickly led to a letdown as both FNSR … Read more
Competition For Online Video Content Heats Up : NPR When it comes to providing consumers with movies and TV shows online, Netflix is king with its more than 20 million subscribers. But the competition for serving up content on computers, TV screens and mobile devices is heating up fast. (tags: Amazon Netflix video internet online_video)
Finisar (FNSR) was punished with a 39% one-day loss last week after announcing disappointing guidance for the current quarter that included the extremely poisonous phrase “…a slowdown in business in China.” The tremendous price drop combined with record trading volume of 40.4M shares displayed all the classic markings of complete abandonment by institutions and large … Read more
When I made the case for buying CSCO after its earnings disaster in November, I was bracing myself for an extended stay at or near 52-week lows. I even planned to add more on a steep enough decline. After two weeks of slowly drifting downward, CSCO made a bottom. The stock is now climbing out … Read more
When Ener1 (HEV) chairman and CEO Charles Gassenheimer appeared on CNBC in November to discuss how his company will benefit from Democrat and Republican cooperation on energy policy, the stock got a nice 4% pop on the day. Last week, HEV announced a major joint venture deal with China’s number one automotive components company Wanxiang … Read more