Acquisition of T-Mobil has been blocked by the Department of Justice. AT&T (T) has said that it will contest in a court. This development is negative for AT&T and Verizon (VZ). The development is neutral for Sprint (S). T-Mobile has been an aggressive competitor. T-Mobile staying
Taking profits on Marathon Petroleum Corporation (MPC) right here at $37.40. Now we are exiting this position and will no longer be following it.
Adding to our silver short position in silver futures (SI) at $41.75. equivalent in silver ETF (SLV) is $40.70.
Taking additional profits on QQQ on a 10 % tranche at $ 55.44.
Monster Worldwide (MWW) is the largest internet job board in the U.S. There is considerable speculation that next week Obama will announce new job creation initiatives. Monster Worldwide may be a beneficiary. In the long-term, the Monster Worldwide is an easy double. We are long on
Taking additional profits on a 5% tranche of QQQ (QQQ ) right here at $55.25. The point is to reduce risk prior to the ADP data to be released at 8:15 AM EST. It is time to be in the mode of taking profits and closing this profitable position. We
Novavax (NVAX) is running up as FAO of the United Nations has urged more readiness against a possible resurgence of Bird Flu. According to the United Nations a mutant strain of Bird Flu is spreading bird flu virus in Asia. Novavax makes a vaccine against the Bird Flu.
Adding to our silver (SI) futures short position at $41.50. Equivalent on silver etf (SLV) is $$40.43.