ADD TO SPY
September 13, 2012
This post was just published on ZYX Short Sell Change Alert Consider adding a 10% tranche to SPY in the zone of $146.60 to $147.25. No stop for the time being.
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This post was just published on ZYX Short Sell Change Alert Consider adding a 10% tranche to SPY in the zone of $146.60 to $147.25. No stop for the time being.
This post was just published on ZYX Short Sell Change Alert Consider adding a 5% tranche to SLV right here around $33.70. Stop at $34.32. Future EQ $34.80. The following post was also just published on ZYX Short Sell Change Alert Consider adding a 5% tranche to SLV around $33.62. Future EQ is $34.68. Stop in the zone of $34.27 to $34.42 on SLV.
This post was just published on ZYX Short Sell Change Alert Consider exiting a 15% tranche in SLV in the zone of $31.75 to $32.15. As of this writing SLV is at $32.12. Futures EQ is $33.14. After this fill 55% of full core position size will be held. The purpose of this exit is to reduce risk before the Fed statement. The Federal Reserve will announce its policy statement at 12:30 ET. The Fed will release its forecast at 2:00pm ET and Bernanke will give his press conference at 2:15 ET. Please stay alert for more transactions on silver and
This post was just published on ZYX Short Sell Change Alert This position is short from $13.85. Substantial profits have already been booked but there is still material unrealized profits. Consider taking partial profits on a 10% tranche of ZAGG right here around $8.19. After this fill, 50% of the full core position size will be held. The reason for taking more profits here is because there may be a short squeeze after the introduction of iPhone 5. iPhone 5 will have a different form factor than previous iPhones. There will be speculation that people will have to buy new cases for iPhone
Facebook CEO Mark Zuckerberg, hit the ball out of the park in his first interview since Facebook’s initial public offering (IPO). Since the IPO, Facebook has lost about half of its value. The consensus among most analysts has been that mobile strategy is Facebook’s Achilles’ heel. If Zuckerberg is to be believed, and there is no reason not to believe him, Facebook’s mobile strategy is gaining steam. Zuckerberg stated that Facebook will make more money on mobile than on desktop. Zuckerberg said, One of the main things that I think is misunderstood is how fundamentally good it is on a bunch of
This post was previously published on ZYX Buy Change Alert FB CEO just finished his first interview after IPO. He did great and elevated concerns about mobile strategy. The fly in the ointment is that the stock is expensive and there is still an overhang of sellers. For this reason conservative investors may not want to enter this stock. Aggressive investors may want to build up to a 20% of full core position size in FB in the zone of $19 to $20.15. No stop for the time being. Target zone is $32 to $34. This is a very long-term position. Caution:
This post was just published on ZYX Buy Change Alert As the first rumor of killing of American ambassador to Libya surfaced, Smart Money buying of gold and silver started in earnest. So far the buying has ranged from mild to heavy. Buying in silver by Smart Money is short covering; the data on gold is mixed. As details of Obama’s call with Netanyahu regarding Iran started leaking out, it contributed to buying. Oil is also moving up as expected. German court giving greenlight to ESM was expected and theoretically should already be discounted in gold and silver prices. Momentum in
Apple AAPL will launch iPhone 5 on September 12, 2012. It is widely expected that this will be the biggest consumer product launch ever. Leading into iPhone 5 launch, Apple chart has traced a dangerous pattern. Monday’s bar on Apple chart is known as “outside day.” An outside day is characterized by a high higher than that of the previous day and the low lower than that of the previous day. An outside day is considered especially ominous if the close is near the day’s low and the outside day happens after a sustained bull run. This is exactly the pattern