TAKING PROFITS ON SILVER (SLV)
August 4, 2011
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.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
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 issues upside guidance for FY11, sees FY11 revs of $240-244 mln vs. $235.mln consensus. Zipcar said, “Our strong second quarter performance underscores the business momentum we have established based on solid execution and the benefits associated with our first mover advantage… Our commitment to a superior member experience and continued
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 have previously taken profits with an average price of $8.30. Silicon Image is a leader in MHL. MHL is a high-definition audio and video interface that can stream 1080p digital video and up to 8 channel digital audio, transforming the newest mobile devices into portable media powerhouses, while providing
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 when all six screens of the ZYX Change Method are satisfied we will issue a buy signal in real-time on the Real Time Feed of the ZYX Buy Change Alert.
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 rapidly. Cognizant is facing macro headwinds. Other Indian IT outsourcers such as Infosys (INFY) have already lowered their expectations. Conservative investors may want to take advantage of the strength and sell Cognizant. If Cognizant continues to rise, it will become a candidate for a short sell.