August 18, 2011
NetApp, Inc. (NTAP) disappointed last night with worse than expected outlook and lower revenues. NetApp pointed to softness in the govenment sector and financial sector. In the premarket NetAPP is trading down $6.56. NetApp is in the computer storage business. Competitor EMC Corporation (EMC)
We are long QQQ (QQQ). Some accounts we advise are also long SPY and DIA. As long time readers know, I follow the ZYX Change Method. The method combines fundamental, quantitative, and technical analysis. From a fundamental and quantitative point of view, the stock market is not expensive and
Bought to cover Interdigital (IDCC ) at $59.56. Now we have exited tis position.
Exited a 10% tranche on QQQ (QQQ) at $54.07. For details, please see the Real Time Feed of the ZYX Buy Change Alert.
Added a 5% tranche to InterDigital (IDCC) at $61.58. Stop on this tranche is $62.26.
ZAGG (ZAGG) is trading up on earnings. We do not believe that ZAGG’s earnings are sustainable and will continue to maintain a small short position. Anyone holding a short position in ZAGG may trim right here as there is a risk of a short squeeze. Please
We are short a 5% tranche on InterDigital (IDCC) at $66.03. This is for aggressive traders who can handle a very volatile stock. Target zone for InterDigital is $55 to $57. Stop zone is $68. to $71. Please keep quantities of InterDigital very small. The reason is
Acacia Research Corporation (ACTG) is a company that enforces patents. Acacia Research has a relationship with MMI. GOOG is likely to be more aggressive in enforcing patents especially against the likes of AAPL. If GOOG hires Acacia Research, it will be a windfall for Acacia Research.