ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On a big down day in the general stock market, Zynga (ZNGA) managed to gain a fraction of a percent today. The stock punctured support from the current uptrend line but quickly bounced back. Although the stock now needs to clear fresh all-time highs to invalidate the bearish “abandoned baby top” I pointed out yesterday, … Read more
Zynga (ZNGA) has established itself as a resilient IPO so far. After an IPO on December 16, 2011 at $10/share, an open at $11, and a high of $11.50, ZNGA quickly sold off as low as $7.97 on January 9, 2012. From there, the stock rallied in almost a straight line, receiving a turbo boost … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 21, 2012. Click here to read the entire piece.) Congratulations to everyone who took on the post-earnings trade on Amazon.com (AMZN). Hopefully, you have locked in your profits by now given the 2-week timeframe for the trade. It is now … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 13, 2012. Click here to read the entire piece.) When Facebook filed its IPO papers with the SEC on February 1, the news lit a rocket under almost all things internet. Stocks across the industry got revalued just because Facebook … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 1, 2012. Click here to read the entire piece.) Trading through the earnings of a highly volatile stock often feels like flipping a coin. A trader must try to predict the earnings results AND the market’s reaction to those results. … Read more