Acorda Therapeutics (ACOR) is up due to the positive opinion on Marketing Authorization Application for its MS drug Ampyra in Europe. This approval for Acorda Therapeutics was expected. The big move in Acorda is unwarranted. We are short selling in the strength now with an average price $32.98 and will add if the
We are taking partial profits on Limited Brands (LTD) right here at $40.87. Please see the prior entry for details of the entry.
Limited Brands (LTD) reported earnings after the close. The earnings were below the whisper number. The projections of Limited Brands was less than the published consensus and quite a bit below the whisper numbers. The growth of Limited Brands is clearly slowing. Bounce in the stock is
Longtop financial (LFT) was scheduled to report earnings on May 23rd as we have previously pointed out. Longtop Financial has announced that it will not be reporting earnings on May 23rd and has not yet provided another date. It is difficult to interpret this information. Is there
Apple (AAPL) rumored to be looking at Omnivision’s (OVTI) five megapixel new chip for iPad 3. This morning we made an entry in ZYX Buy Change Alert — Real Time Feed: We are long from $12.50. Now the stock is at $33.61. Our target remains $45. This
Dell (DELL) will be introducing a new 10″ tablet. The tablet will be powered by Nvidia (NVDA) Tegra chip. Nvidia has moved up on the news. Any bigger up move in Nvidia may be sold short. ZYX Short Sell Change Alert will provide the signal in real-time
ReachLocal (RLOC) has now hit our target. We are now taking partial profits right here at $21.90 on ReachLocal and putting a stop on the rest of the quantity at $22.16. ZYX Short Sell Change Alert has been providing real-time updates on this ReachLocal.
We are short on iRobot Corporation (IRBT) from $38.12 and $37.98. Now the stock is at $30.51. We are taking partial profits in the range of $30.20 to $30.65. ZYX Short Sell Change Alert has been providing real-time updates and will provide a signal when it
We are initiating a small new long position on Penson Worldwide (PNSN) right here at $3.15. We will buy more if the stock goes lower. This is medium term position. Our target is $5.00 to $6.00. Since it is such a low priced stock,
Rambus (RMBS) develops intellectual property related to memory and licenses it to memory makers such as Micron (MU). Rambus has sued several companies for patent violations. Rambus has several billion dollars riding on the outcome of these law suits. Spoliation is a legal term that means, destruction of