Those who did not take partial profits on Penson (PNSN) on Friday have now a second opportunity to take partial profits around $4.41. We will continue to hold the core position. Those not in the Penson may consider waiting for a deep pull back. We will provide
SunOpta (STKL) has run up on recommendation by Jim Cramer on CNBC. Based on the past trading pattern of SunOpta the run up in the range of $8.70 to $9.50 is an opportunity to sell. If there is an overall market correction, we will have an opportunity to
Our position Penson (PNSN) is rocketing this afternoon. Penson presented at Global Exchange Conference yesterday. There appears to be take over chatter. We are taking partial profits at $4.44.
Yesterday, we wrote that a number of education stocks are likely to see their multiples expand. Further analysis of the impact of new regulations show that Apollo (APOL) is the best positioned company to benefit from the new regulations. Apollo may run to mid $50’s. However,
Apollo Group (APOL), Corinthian Colleges (COCO), Career Education (CECO,) DeVry (DV), and ITT Educational Services (ESI) are higher today on the Department of Education rules being less onerous than expected. The companies also get more time to comply with the rules. In the near term, PE multiples are
Limited (LTD) hot streak cools as it reports much lower than expected same store sales growth. Once again we were ahead of the curve. We saw this coming when Wall Street was pounding the table to buy this stock. We sold short at the recent top on May
We have previously taken profits on ZAGG (ZAGG) but are still holding a small position. We are adding a 15% tranche right here at $11.33. ZAGG is experiencing a massive short squeeze today. The short squeeze is triggered by an excellent presentation ZAGG made at a conference
Nokia (NOK) is lifting on buy out rumors by Microsoft (MSFT). A buy out of Nokia by Microsoft is an old rumor that is being regurgitated. Nokia received six downgrades this morning. Nokia’s debt rating is being placed on review for a downgrade by Moddy’s (MCO).
Nvidia (NVDA) today won the Computex Best Choice award for smart hand held devices from the Taipei Computer Association. Nvidia won this award for its Tegra 2 chip. For actionable signals on Nvidia, please see ZYX Buy Change Alert and the ZYX Short Sell Change Alert.
Exited Occidental Petroleum (OXY) with profit at $98.95. This position is now closed.