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 on September 20, 2012. Click here to read the entire piece.) Three weeks ago, I marveled that Yelp.com (YELP) had surged 22.7% on the heels of the lock-up expiration of its IPO but suggested that the rally provided a better risk/reward entry … Read more
(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
It had to be too good to be true – Facebook (FB) CEO Mark Zuckerberg able to “motivate” his stock upward and out from the ashes of a post-IPO disaster. On Monday, September 25th, FB got hit by a bearish Barron’s article pegging Facebook’s value at $15/share. The stock subsequently crumbled under the pressure to … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 30, 2012. Click here to read the entire piece.) When I wrote “Wide Options Skew Heightens Risks Of Trading Yelp.com Lockup Expiration,” my main point was that Yelp.com (YELP) put options seemed too expensive to take the risk of playing … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on August 27, 2012. Click here to read the entire piece.) Yelp.com (YELP) has a float of 16.59M shares and shares outstanding of 61.2M. According to Eric Savitz, 52.7M shares (Class B) are available to start trading on August 29th as Yelp’s … Read more