March 16, 2011

NETFLIX (NFLX) LEAVING AMAZON (AMZN) BACK IN DUST

According to LA times, Netflix (NFLX) now controls 61% of the streaming movies on the internet . By any means , Netflix has achieved major success leaving its competitors far behind. IT is not clear if the data is after Amazon (AMZN) started free streaming for its premium members.
Our thesis on Netflix is working out well. Check out the details of our position and stop loss point here.

… Please click here or the title below to read more.

March 16, 2011

NVIDIA (NVDA) LOSES ITS CFO

Nvidia (NVDA) stock is down on the news that CFO David White has resigned ‘œfor personal reasons.’ He will remain an employee through May 31.

We have no reason to doubt veracity of the claim by Nvidia that the departure is for personal reasons. Apparently some investors disagree as is evidenced by drop in Nvidia stock. It is never a good sign when departure of the CFO follows break down in the stock price.

A bullish analyst on Nvidia tries to alleviate the negative effect by stating , ‘œWhite is leaving the company with a very clean operating model and balance sheet. We believe the company is poised for margin expansion based on many new products and new markets”

We will maintain our short position on Nvidia.

… Please click here or the title below to read more.

March 16, 2011