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 April 8, 2012. Click here to read the entire piece.) In early March, I took Skullcandy (SKUL) off my buy list of stocks with insider buying activity because the CFO, who was the main insider buying shares, resigned from the company … Read more
Yelp.com (YELP) is barely a month old as a publicly traded company, but it is already printing a fascinating stock chart. YELP’s IPO was priced at $15, but it opened for trading on March 2nd, 2012 at $22. That day, the stock went as high as $26 before settling at $24.58. After dropping 15% the … 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
“IPOs Boost Demand for Silicon Valley Mansions” – Bloomberg “US Housing Crisis Is Now Worse Than Great Depression” – CNBC These two headlines from Tuesday’s financial press describe well the dichotomy in America’s two-speed economy. Corporate profits have never been better but employment has rarely been worse. The housing market in Silicon Valley is benefiting … Read more