Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
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 below $14. As a full disclosure, subscribers to ZYX BUY CHANGE ALERT may be long CSCO. We will continue to provide actionable signal on CSCO on the Real Time Feed of the ZYX Buy Change Alert
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 for this quarter at risk. Penson Worldwide derives significant revenues from providing clearing services to brokers. If this stock market blood bath reduces the number of transactions, it will adversely affect earnings of Penson Worldwide . The hardest hit sector is financials. A logical buyer of Penson