This post was just published on ZYX Short Change Alert.
BBRY has moved up on a report of a new order for 80,000 devices from the DOD. There are indications that the report is false.
Consider staring a 20% tranche right here in the zone of $10.40-11.25. Stop zone $11.63-11.88. Target zone $7-8.31.
CAUTION: Only those who can handle a potential short squeeze should enter this trade.
On Wednesday after the close, eBay disclosed that Carl Icahn has proposed a spin-off of PayPal from eBay. The initial reaction of the stock market was euphoric, with eBay stock jumping to $61.30 in after-hours trading from its closing price of $54.41. Not so fast, even though in my view Icahn is the most successful investor of recent years.
The concept behind Icahn’s proposal is nothing new. On the surface it makes sense to spin-off fast growing PayPal from slower growing eBay, but consider these five points.
Synergies
There are considerable synergies between PayPal and eBay. About one-third of PayPal’s new accounts in the fourth quarter came from eBay. … Please click here or the title below to read more.
Earnings season is in full swing, providing new data points for investors to reassess positions. After a careful review of IBM‘s latest report Tuesday afternoon, I see no reason to buy the stock at current prices. The risk-reward trade off is simply not favorable.
Of special note is that revenue fell 5%, year over year to $27.7 billion. Analysts were looking on average for $28.25 billion. … Please click here or the title below to read more.