BEARS
Today officially marks the end of Baidu (BIDU) as the once loved wall-street darling that rose 1000%+ from the 2008 collapse… at least in my book. It used to be a stock every hedge fund owned and every analyst had buy ratings with lofty price targets. Today Credit Suisse downgraded the stock and reduced it’s price target from $118 to $83, which is the lowest price target on the stock… Read More
Most daytraders close out their positions before the close. Making a living trading stocks is all about controlling your risks, and obviously there is more risk when you hold an equity overnight. Who knows what type of news can come out before the market opens that may impact your holdings. Better to lock-in the gain or loss before the close, and wait for the next trading day. That is, unless… Read More
When I was a kid, my grandmother always told me don’t talk to strangers. Fast forward 20 years, and I still hear her voice as I read countless opinions on LinkedIn (LNKD) and why it will go down from here. Not that I will ever talk to some of those people, and I am sure as heck not going to listen to them. The bearish sentiment by the retail… Read More
We have chronicled the move of Priceline.com(PCLN) over the past few months. We have been one of the few public Bulls on this stock. While everyone was calling for a sell-off, we were buying calls. You can read some of them (here).
We noted on Monday how the past two week sell-off was a much needed enema. All the momentum stocks were taken to the woodshed… PCLN included. This… Read More
Ever wonder how Houdini escapes from sure death? How Hulk Hogan wins the WWF championship? How Janet Jackson’s nipple falls out of her bra during the superbowl?
The outcome is fixed. There aren’t many certain things in life, and many people would say the only two things you can count on are death and taxes. I beg to differ. Death…Taxes… and a manipulated stock market.
Take tomorrow’s over-hyped… Read More
“Coming out of the closet!” – well that would be the BEARS today. Not the Chicago Bears, or the Bad News Bears, but the market BEARS. The ones who have been trying to time the next market correction since December and SPY $115. Now imagine what your portfolio looks like when you have been short as the market has ramped up 15%. It sure must look UGLY. But today is… Read More
