TIME TO TAKE PROFITS ON GRAINS JJG
Technical action in soft commodities today may signal a shift in the up momentum. We will take profits on our iPath DJ-UBS Grains TR Sub-Idx ETN JJG position right here around $53.50
January 19, 2011
Technical action in soft commodities today may signal a shift in the up momentum. We will take profits on our iPath DJ-UBS Grains TR Sub-Idx ETN JJG position right here around $53.50
After ugly F5 Networks, Inc. FFIV results, the long awaited correction may start here. It is time to not be a pig and take our 250% profits on our long term position on Arm Holdings ARMH right here around $25.70 . As per our prior posts, it is time scale
We are long on CIEN from $13.75. After F5 Networks, Inc. FFIV ugly results today, exiting Ciena position right here around $24.30 in the after market. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE
With Steve Jobs taking medical leave, Apple’s shares are down 7% in Germany. Tomorrow in US, $AAPL shares are bound to be very volatile. The most likely scenario is that shares will open down then bounce and partially fill the gap. Tim Cook , who will be taking charge in
Bank of China People’s Bank of China on Friday raised banks’ reserve requirement ratio by 0.5 percentage points leading to Shanghai stumbling 3 percent. This development supports our thesis as described in prior posts that China’s growth will slow. The opportunity is in building short positions in Chinese stocks and
Our longer term negative thesis on Nvidia has not changed. The beauty of the ZYX Change Method is that we are able to take advantage of short term wiggles within the longer term context. We exited our prior $NVDA short position with a profit when the trailing stop per the
We are sitting on profits on Nvidia. ZYX Change Methodology mandates that we never allow a gain to turn into a loss. As of this writing $NVDA is a $20.15. We suggest tight trailing stops. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO
As we predicted, $NVDA price has spiked after the halt. We have added another tranche short sell at $22.00. The tentative point for adding the next tranche is $22.73, but technicals will take precedence. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM
Nvidia $NVDA trading has been halted. News is that Nvidia has signed a 6 years cross licensing agreement with Intel and Intel will pay $NVDA $300 million each in 5 annual installments. This amount is in the range of what was expected and in line with earlier settlement between $INTC