August 10, 2011
Our thesis behind buying Penson Worldwide (PNSN) was two fold: Penson Worldwide was drastically undervalued and it was an acquisition target. Penson Worldwide still is drastically undervalued from a long-term perspective. From a very short-term perspective, the blood bath in the stock market has put Penson Worldwide’s earnings
We are exiting a 10% tranche, ( from last night’s buy at $49.64), at $51.97
We are taking partial profits on our short silver futures trade SI right here at $37.65. Equalent on SLV is $36.70.
Our computer are showing that smart money is buying the following stocks today: MCD AMD HBI X MRO CYH MWW WAG VZ KFT We periodically provide information on trades that we do not recommend, but our readers may be able to take advantage. Full disclosure: we are long MWW, MRO,