PROTECTING PROFITS ON ACOR
March 12, 2011
We are lowering the stop on ACOR to $22.39 to protect profits.
Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
We are lowering the stop on ACOR to $22.39 to protect profits.
Nvidia (NVDA) took a drubbing yesterday from comments by Goldman and JP Morgan. Based on the emails we have received from subscribers to the ZYX BUY CHANGE ALERT, it appears that Nvidia bulls are itching to go long right here. Our philosophy is quite simple: neither be a bull, nor a bear. We simply use hard core cold analysis to make money in both directions. The Technical Analysis screen of the ZYX Change Method is showing a bounce is likely, at least in the very short term. Very short term traders can take advantage of the bounce by trading from the
Arm Holdings (ARMH) took a drubbing yesterday from comments by Goldman and JP Morgan. The Technical Analysis screen of the ZYX Change Method is showing a bounce is likely, at least in the very short term. Very short term traders can take advantage of the bounce by trading from the long side. Tentative short term target is $27.45. Our long term view on Arm Holdings is positive, however at this time, all six screens of the ZYX Change Method are not satisfied to take a long position. The secret to our record of 163 winning trades and only 10
Nvidia (NVDA) has broken below $19 this morning. The weakness seems to be driven by a downgrade by Goldman of the whole group. The next support is at $18. We will maintain our short position. We will issue a QUICK ALERT to the subscribers of the ZYX SELL CHANGE ALERT when it is time to buy to cover the short position. Very short term traders may consider selling short on bounces close to $20. Those still holding long should consider exiting on bounces. The quantitative screen of the ZYX Change Method shows a fair value of Nvidia to be $18.
The news is that there is no new information from the analyst day at Nvidia (NVDA) . We were erroneously giving credit to Nvidia for making good presentations — there was already so much lipstick on this pig that no lipstick was left for the analyst day. Nvidia claimed growth in core graphics would offset MCP roll-off this year, with a path to 55% gross margins. Most of the time was spent revisiting existing information, making the analyst day of little value to investors. Subscribers to ZYX SHORT SELL CHANGE ALERT will receive alert in real time, when it is the precise time to buy
Image via Wikipedia We have been negative on optical stocks led by JDS Uniphase (JDSU), Finsar (FNSR) and Ciena (CIEN) for two reasons: Irrational exuberance Stock prices far ahead of the fundamentals Now we have the following two fundamental pieces of data that the optical business is nowhere near as good as bulls would like to believe: ‘¢ Ciena (CIEN) reported earnings yesterday. An analysis of the earnings report clearly shows that the optical business is nowhere near the bullish projections. ‘¢ Today Finsar has provided weak projections. For the fourth quarter, Finisar expects a profit of about 31-35 cents
First a correction, analyst day at Nvidia(NVDA) is today. Prior report was in error. Trading in Nvidia yesterday, the day prior to the analyst day, was uninspiring — no run up prior to the event. In the premarket today, Nvidia is up $0.38. Yesterday, bears on Nvidia were out in force in the media making their case. This morning JP Morgan has upgraded Nvidia with a target of $21, about the level where the stock is trading. From a technical point of view, Nvidia is at a key juncture. Will Nvidia break support at $20 decisively or is a bottom at hand? Our
Western Digital (WDC), the largest player in the disk drive business, announced acquisition of the number three player Hitachi GST (HIT). The real winners are not Western Digital or Hitachi, but two other companies. Seagate Technology Seagate Technology (STX) is the second largest hard disk manufacturer with about 30% market share. Western Digital and Hitachi combined will have about 48% market share. Many of the large buyers of the hard drives, as a matter of policy, insist on a second source. The purpose of this policy is to maintain leverage against the vendors and not be severely impacted by supply