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 10, 2012. Click here to read the entire piece.) Department store J.C. Penney (JCP) caught my attention because of its relative underperformance two days in a row. As the S&P 500 has rallied back from a sharp one-day sell-off, JCP … Read more
(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 20, 2012. Click here to read the entire piece.) Kb Home (KBH) dropped 6.8% on Monday, March 19. KBH last sold off this heavily over four months ago. Buyers of call options rushed in to take advantage. For the April … 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.) Whirlpool (WHR) has gained 29% since reporting fourth quarter and full-year earnings on the morning of February 1. At the time, WHR represented an explosive combination of a business turning around … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 7, 2012. Click here to read the entire piece.) Lender Processing Services (LPS) has gained 31% year-to-date. This jump follows the activity of intrepid traders/investors who loaded up on LPS June $21 call options in December – these call options … Read more
This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2012. Click here to read the entire piece.) In “Why I Bought Eastman Kodak,” I noted the high amount of short interest in Eastman Kodak (EK) as one of four reasons to buy Kodak’s stock. I neglected to post … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 16, 2011. Click here to read the entire piece.) Research In Motion (RIMM) has dropped to prices last seen in 2004, yet management has not yet seen fit to buy a single share under its latest stock repurchase authorization. According … Read more
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) {snip} Today, I am going to try again to make the case that LPS is potentially turning around. Here are the main points and observations: Short interest is down 34% from … Read more
This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) December 10, 2010 Netflix (NFLX) closed at $194.63. CEO Reed Hastings scolds famous investor Whitley Tilson for shorting Netflix stock in “Netflix CEO Reed Hastings Responds to Whitney Tilson: Cover Your Short Position. Now.“: {snip} … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Research In Motion (RIMM) will report earnings Friday, September 15. As usual, I will be most interested in finding out how aggressively RIMM has executed on its latest stock repurchase authorization that began in July.The … Read more