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 March 26, 2012. Click here to read the entire piece.) According to ETF Channel, Best Buy (BBY) is the second largest holding of the SPDR S&P Retail ETF (XRT). Yet, BBY is greatly underperforming this retail ETF. While XRT is at … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 7, 2012. Click here to read the entire piece.) When Energy Conversion Devices (ENERQ.PK) filed for bankruptcy in mid-February, I wrote “The Solar Fun Is Done For Now.” I should have also said that the “horror show has just begun” … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 6, 2012. Click here to read the entire piece.) Google (GOOG) has proven itself allergic to sub-$600 prices. On Tuesday, GOOG dropped as low as $594. But for the third time in three weeks, GOOG managed to close above $600 … Read more
In mid-February, I posted Groupon (GRPN) as a bearish post-earnings play (see “Groupon Loses Gains From Facebook IPO Hype And Put Options Soar“). At the time, I claimed that the stock would linger around its $20 IPO price for a while after the immediate post-earnings selling. Sure enough, GRPN hung around $20 for another two … 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