CRM
What a great start to the week as fears over the ‘Fiscal Cliff’ turned into hope for a resolution. Oversold stocks flew, led by AAPL. There were quite a few in the chatroom who nailed some calls in the morning, and sold them up 100-200%. We are now solidly over the 200dma on the SPY, a line in the sand for me. I still think we head to new… Read More
It seems like just yesterday when the world thought Europe’s financial system was going to collapse on the weight of its severe debt issues. We posted this in june : http://www.optionmillionaires.com/2012/the-bizzaro-jerry/ . Fast forward 3 months and we are now over 4 year highs. Amazing! Are we better off now? Hard to say, but i guess the market thinks we are.
We had the August job numbers this… Read More
It was just this past spring when LNKD (LinkedIn Corp) had it’s IPO, and soared over 100% from it’s offering price of $45s. It was a spectacular day, and LNKD(LinkedIn Corp) enjoyed a few weeks of volatile trade above and below the $100 mark. Of course there were many skeptics, who thought LNKD(LinkedIn Corp) current fundamentals didnt warrant the lofty share price. Actually, I… Read More
The chase is on…. for performance that is. Now that the SPY has closed above $130, folks are rushing into stocks as the potential to miss the rally, outweighs the possible downside risks.
Now is the time to turn to those old stocks, still fundamentally sound, but beaten down.
Stocks to watch the next few days: PCLN CME ICE CRM.
We are also watching BLK for a bounce on… Read More
So the most bloated stock on the planet reported earnings after hours. No it doesn’t sell burritos… and no it doesn’t have anything to do with coffee. Salesforce.com, a darling of WallStreet since the 2009 rebound, reported after the bell with numbers that came in well above expectations. Not only did it beat revenue numbers and the EPS estimates, it raised guidance for next quarter and the next fiscal year.… Read More
Up and down… Buy and Sell… Short and Long… Easy market trades. At the end of each one of those, there is someone who is right, and someone who is wrong. Betting on a stock to go up or down would seem to be an easy thing to do, and when you bet on a stock to go down long enough, eventually you will be right. That was the case… Read More
