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 October 20, 2013. Click here to read the entire piece.) This post rides piggyback on a recent Seeking Alpha Market Current quoting concerns from Art Cashin (formerly featured on CNBC) regarding “a bubble in cloud/mobile tech names” and is a follow-up … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 8, 2012. Click here to read the entire piece.) On November 8, 2012, Groupon (GRPN) reported earnings that disappointed the market. The following day the stock fell a stomach-churning 30% to fresh all-time lows. A week later, on November 15th, … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on March 30, 2012. Click here to read the entire piece.) After traders packed up for the weekend, Groupon (GRPN) issued two warnings during the evening of March 30th. First, Groupon discovered it under-estimated its refund rate for the previous quarter. As … Read more
In early March, I provided the technical case for Groupon (GRPN) to soon test its post-IPO lows. Today, GRPN did just that in the wake of a devastating financial warning (for more details see “Brace For More Surprises: Groupon Restates Earnings, Reveals Weakness In Financial Controls“). Source: FreeStockCharts.com I am now expecting GRPN to soon … 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 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
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 are posted on twitter using the #120trade hashtag) T2108 Status: 71% (overbought day #3) … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 are posted on twitter using the #120trade hashtag) T2108 Status: 44% VIX Status: 31 … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. 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 are posted on twitter using the #120trade hashtag) T2108 Status: 62% VIX Status: 28 … Read more