Standard & Poor’s (S&P) has just downgraded U.S. credit rating to AA+ from AAA. S&P analysis can be found here. THis dongrade presents investment opportunities in SLV, GLD, TBT, TBF, TLT, SPY and QQQ. S&P Analysis Here is an overview of the analysis by S&P: We have lowered our long-term
We are taking profits and closing our Silver (SLV) position right here at $37.82. WE are also taking partial profits on our silver futures position at $38.85.
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