Zipcar (ZIP) reports Q2 loss of $0.17 per share vs. loss of $0.14 consensus. Zipcar revenues rose 33.9% year/year to $61.6 mln vs the $59.4 mln consensus. Zipcar issues upside guidance for Q3, sees Q3 revs of $67-69 mln vs. $66 mln consensus Estimate. Zipcar also
This post on Silicon Image (SIMG) is reproduced ffrom a recent entry in ZYX Buy Change Alert Real Time Feed. We are long Silicon Image with an average price of $2.55. We are holding 50% of the full core position size in Silicon Image. We
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