Cisco (CSCO) earnings are better than expected. Projections from Cisco are better than expected. In the aftermarket, CSCO is up $0.87. Those in the stock may consider lightly adding on pullback to under $14. Those not in the stock may consider lightly scaling in on pullback
We exited this morning’s tranche of PowerShares QQQ (QQQ) at $51.26.
As per the prior entry on PowerShares QQQ (QQQ), followed through yesterday by selling a 30% tranche at $53.05 on the upspike.
Plan is to sell another tranche of PowerShares QQQ (QQQ) on any spike up from here.
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.