short
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
By Chris Diodato
Following up on my post on Monday, available here (make sure to follow us if you have not already!), it looks like Apple decided to run into a wall at $675 on the intraday, and might have hurt itself. Check out this video for the current analysis, including Japanese candlestick, volume, and Elliott wave analysis. Also, new support levels are detailed. Happy trading!
It was November 30, 2011, when the world’s Central Banks united to ease strains on the global financial system. This move marked the end of a very turbulent summer and fall, where markets fell across the globe on fears of a Eurozone debt crisis.
Seven months later, we find ourselves in a similar situation. You know how the saying goes, “Those who don’t learn from history, are… Read More
On April 4th, the market hit a 4 year high as the $SPY touched $142.21. If you had told someone last October that the market would be up nearly 40% 6 months later, they would call you crazy. But that is exactly what happened from the 107.43 low on October 4th. Amongst all the negative sentiment, the market mysteriously found a bottom and rallied furiously, squeezing all the bears…… Read More
Back in the day, an upgrade from Goldman Sacks was a welcome sign for a company and investors alike. The conviction buy list actually lived up to the name. Recently it seems Goldman Sacks has lost its luster. Stocks it upgrades fizzle… the conviction buy list?? Isn’t that the daily read in the New York Penitentiary?
Goldman Sacks finally read this blog. LinkedIn(LNKD), which is up from $64… Read More
Only on Wallstreet is it possible to be 100% wrong, yet be right at the same time. How? By using your infinite leverage to short a stock into submission. How else can you explain a stock falling over 60% in a few short months, while beating earnings estimates and raising guidance. That company was SodaStream(SODA), hitting a high of $79.21 in August of 2011, only to plummet to 27.60 in… Read More
We have written about this company a few times over the past month.(Here and here). SODA (SodaStream) was a $70+ stock in the summer, and has succumb to the growth stock syndrome, where skeptics and short sellers rip the stock apart.
It seems SODA(SodaStream) has found its short term bottom, and is ready to break to the upside. Here is why:
1. It’s a great product. I remember… Read More
Seems like all the beaten down, piece of shit stocks want to run today. SINA (SINA.COM) is a beaten down china ADR that is getting some legs on the FMCN news today, just like all the other ADR’s. SINA (SINA.COM) does have a tendency to explode after being beaten down, like it did in October. SO play accordingly.
GMCR is continuing its breakout today, after getting an… Read More
First Solar issued lower guidance for FY ’12 this morning and the market responded, giving the stock a 20% mohawk and taken to the proverbial WOODSHED.
We have been all over the demise of the solar sector, and todays news is only the tip of the iceberg : (LINK)
Quite honestly, last weeks asset sale should have been a clear signal to get the heck out of the… Read More
