STARTED A NEW POSITION ON POWER SHARES QQQ (QQQ)
We started a new position on Power Shares QQQ (QQQ) by buying them at $56.40. Our plan is to add more Power Shares QQQ on any dips.
August 3, 2011
We started a new position on Power Shares QQQ (QQQ) by buying them at $56.40. Our plan is to add more Power Shares QQQ on any dips.
Added to our silver (SLV) shorts. We sold short August futures at $41.20. We also took an additional position in SLV with a short at $40.02.
Metro PCS (PCS) has lost about one-third of its value today on bad earnings. The reaction to earnings of Metro PCS stock is over done. Metro PCS admitted that churn may increase in Q3. On any further pull back, Metro PCS is a buy. If and
Cognizant Technology (CTSH) reported %0.72 vs $0.66. Cognizant sees FY11 EPS of $2.98 vs consensus of $2.78. Cognizant is an IT outsourcer with most of its operations concentrated in India. The Indian rupee is getting stronger against euro and U.S. dollar. Wages in India are also rising
After studying the details of the debt ceiling deal, here is a list of action items that all investors should consider: Short sell nursing home stocks. On our radar screen are Skilled Healthcare Group (SKH), Sun Healthcare Group (SUNH), and Kindred Healthcare (KND). Buy banks with strong treasury exposure. On
We are short selling silver (SLV) again. The trigger is the agreement on debt ceiling. Since the only convenient market open is the futures market, we short sold near term silver futures contract at $39.82. The debt ceiling uncertainty has added about $2.50 to the price of silver. The world
Akamai (AKAM) reported Q2 EPS 35c vs. consensus 36c. Q2 revenue for Akamai were $277M vs. consensus $277.98M. : CEO of Akamai said, ‘œWe’ve seen our topline growth slow down, driven primarily by the pricing and traffic dynamics in our media and software delivery businesses. And we’ve encountered a
Juniper (JNPR) reports a bad quarter. Juniper reports Q2 EPS 31c vs. consensus 34c. Juniper reports Q2 revenue $1.12B vs. consensus $1.15B . Juniper sees Q3 EPS 26c-30c vs. consensus 38c and Q3 revenue $1.07B-$1.12B vs. consensus $1.22B The CEO of Juniper said, ‘œJuniper’s results reflect
Earlier in the day, NVDA broke below $14.00. The break was not sustained and NVDA bounced sharply taking out the stops of short sellers. NVDA plateaued around $14.70. Going into the close money flow has been negative in NVDA. Fundamentally NVDA is a weak stock bouncing