We are partially exiting with profit our Nvidia (NVDA) position right here at $22.50. We sold short one tranche at $24.10 and 3 tranches at $26.00. Nvidia seems to be holding at a major support around $22.40. Our negative thesis on Nvidia has not changed. We are simply following the discipline
As we expected, Amazon (AMZN) announced that its Prime Members will get unlimited streaming of more than 5000 movies and tv shows at no additional cost. This development was already in our model for Netflix(NFLX). We do not expect material impact on Netflix growth by this offering from Amazon. However, we
This morning, there are two upgrades on Molycorp (MCP) including one from JP Morgan (JPM). Morgan was the underwriter of the secondary and the upgrade was expected. Nonetheless, we will cover our short position right here around $46.20 and look for opportunities to short at higher prices starting around $47.50 in
Image via Wikipedia Our long term readers know that each trade must pass all six screens of the ZYX Change Method. This post describes the four developments that fulfilled the requirements of the trigger screen to short sell the rare earth metal stock Molycorp (MCP) on Feb 18. ‘¢ Sumitomo
Image via Wikipedia The crises in Libya appears to be accelerating. It appears that the central government has lost control of several regions of the country. Marathon Oil (MRO) owns 16.33% of the Waha concessions in Libya. We continue to be positive on Marathon in anticipation of its up coming
We are initiating a short sell on the rare earth stock Moly Corp (MCP) . We will start with a 5% of full position size around $46.60. For our thesis to short sell Moly Corp , please see prior posts. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX
Lately, every brokerage firm that follows Nvidia (NVDA) has upgraded it in the resent past. As our regular readers know, we have been writing about irrational exuberance on Nvidia. We have also managed to complete two profitable trades on the short side on Nvidia. Yesterday, after the market close, Nvidia
Image via CrunchBase According to LA Times, Disney (DIS) is raising its wholesale rate it charges Netflix (NFLX) for movies to $17.99 per movie. This is significant in that it throws cold water over bull’s argument that costs for Netflix are coming down. In our model for Netflix, this move
Netflix (NFLX) followed the script that we laid out in our prior post. As per the prior post, we took advantage of this up move and exited half of our remaining position at $247.00. We will look to exiting our remaining position, based on technicals on further move up. www.thearorareport.com THE
Image via Wikipedia Our long term readers know that we have been a fan of QUALCOMM (QCOM) snapdragon line of processors. An upcoming version will allow direct streaming from Netflix (NFLX) to mobile devices. At present, Netflix content can be downloaded, but not streamed, to mobile devices. This development also