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 published on Seeking Alpha. Click here to read the entire piece.) Research In Motion (RIMM) has been trapped in a steep decline since hitting 9-month highs in February. The downward momentum finally came to a halt after the stock retested 52-week lows on May 16th. {snip} *Chart … Read more
California governor Jerry Brown surprised the state by announcing $6.6B in additional tax revenues that were not expected in the last tax year. In the context of Silicon Valley’s frenetic scramble for new hires, perhaps these revenues would be much less surprising. The job market is hot for engineers, start-ups are getting funded (and acquired), … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Ener1 (HEV) lost 36% last week after reporting earnings that disappointed with the news of a massive $73.3M write-down of the company’s investment in Norwegian electric vehicle company THINK. HEV management insisted this action should not … Read more
Last week, CNBC interviewed Visa (V) CEO and Chairman Joseph Saunders. The title “Building the Digital Wallet” caught my attention because I am invested in Blaze Mobile, a start-up whose main product, Blaze Mobile Wallet, enables mobile payments, banking, and ticketing. Visa invested in mobile payment start-up Square in April, 2011, and the company’s plan … Read more
Just when the current stampede out of commodities seemed to shout out that demand is quickly disappearing from the face of the earth, Cabot Corp. (CBT) announces that growing demand has pushed it to restart mining for tantalum in Canada: “Rising global demand for tantalum has caused Cabot Corp. to announce its intention to resume … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) In my last piece on Research In Motion (RIMM), I described the details from the company’s conference call warning on this quarter’s earnings…RIMM barely paused to take in the scenery at the October lows. The stock … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) After listening to Research In Motion’s conference call explaining the company’s downward guidance Thursday night, I thought I would write a piece just as bullish as management’s insistence that longer-term upside prospects remain unchanged. However, writing … Read more
Excerpt from an article I published on Seeking Alpha. Click here to read the entire piece: Google (GOOG) is down 9.2% since reporting earnings April 14 and now sports a forward earnings multiple of 13. At $525, GOOG is at 7-month lows and is again close to the psychologically significant $500 price level. This combination … Read more
This is a quick follow-up to my piece three days ago summarizing the pre-earnings technical outlook on Apple (“Apple Teeters On Critical Support Ahead of Earnings…and the Next Sprint Higher?“). I thought I would be writing this commentary AFTER earnings, but it seems Apple (AAPL) may have already started its next sprint to higher prices. … Read more
Apple (AAPL) investors have had it relatively easy since the late 2008/early 2009 lows. As long as they were not stopped out (or panicked out) of positions in the May, 2010 “flash crash”, patience has paid off. Every stumble in the stock has marked a mere pause in the persistent stair-wise step upward to ever … Read more