Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
Open Table (OPEN) fell more right after our last post on Open Table. Now Citi ( C) has come out in the defense of Open Table. This defense of Open Table has led to an upspike in Open Table. Citi says to buy Open Table aggressively on this dip.
Open Table (OPEN) makes online restaurant reservations. This Open Table has long been on our watch list to short, however it never meets all of our screens to initiate a position. Zagat is the most respected restaurant review service out there. Recently, Zagat agreed to provide its content to a competitor of OPEN, owned by IAC/Interactive Corp (IACI). Now the news is that Google (GOOG) is buying Zagat. OPEN is down $4.00 on the news. Anyone attempting to short OPEN should be cognizant of a potential short squeeze in OPEN. For us to
Taking profits on PowerShares QQQ (QQQ) right here at $54.52 on all but a 10% tranche.
Added a 5% tranche to Pan American Silver (PAAS) at $34.40.
Taking profits on a 10% tranche of PowerShares QQQ (QQQ) right here at $54.62.
Taking partial profits on a 5% tranche of PowerShares QQQ (QQQ) at $54.62.
We are taking partial profits on a 5% tranche of PowerShares QQQ (QQQ) right here at $54.35.