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Netflix Tie With Apple TV Spurs Options Frenzy As Shares Take Off
Today’s tickers: NFLX, ULTA, BKC, RIG, COH, RDC & BID NFLX - Netflix, Inc. – Call options on Netflix are in high demand today after Apple, Inc. CEO, Steve Jobs, said the new Apple TV product will allow consumers to stream movies from Netflix for the first time. NFLX shares jumped 8.5% on the new...
09.01.10 – Shiny New Month Pop to 20-DMA
Quite a pop on very strong internals, though I will note that tick highs are down ramping, and that SPY price is just at potential resistance between the 20- and 50-day moving averages. Even if we peel off the trend day premise this afternoon or tomorrow, intermediate-term it’s encouraging to s...
The Oxen Report: August Leaves $10000 Buy Portfolio Up 62% on Year and 5% Month-over-Month, Short Sale Portfolio Up Nearly 22% on Year
August was yet another terrific month for the Oxen Report. Our Buy/Overnight/Week Trade Portfolio for 2010 is up 65% so far this year with 113 trades. We have gotten 85 of these 113 actionable trades correct, giving the portfolio a 75% success rate thus far for the year. The Short Sale Portfolio ...
War is Over Wednesday
President Obama formally declared an end to the 7-year Iraq war last night. This came as quite a surprise to the 50,000 soldiers who are still there but, so far, it sure beats the end of the Vietnam war where we had to get the hell out of Saigon as the city fell beneath us. To be fair, the Vietn...
RIMM Bear-Butterfly Strategist Prepares for the Worst
Today’s tickers: RIMM, HRB, CAT, DF, XLE, SKS, OCR & NEM RIMM - Research in Motion, Ltd. – Shares in BlackBerry maker, Research in Motion Ltd., took a severe beating today after a Sanford C. Bernstein Ltd. survey revealed more firms are choosing rival devices such as the iPhone, a sign the firm ...
08.31.10 – Looking for Mr. Goodbar
Well, I could have entitled the post Keatonesque Market Grasps at Swizzle Sticks… but you get the idea. Internals are mostly strong, but flat-lining just under the SPY pivot/ 5-dma, which is proving technical resistance just as S1 provided opening support. Technical market environment for sure...
The Oxen Report: As Summer Closes, We are Loving the Shorts
Hello all. Ah the fairness of the market. Record record profits, beat revenue and EPS estimates, guide in-line moving forward, and drop 3%. Or, you can be our upcoming pick and further your losses, guide below, beat EPS estimates, and have no turn to profit in sight…and jump 4%. Makes sense right...
Troubling Tuesday - Bears and Bears and Bears, Oh My!
"I will not fearFear is the mindkiller,Fear is the little death That brings total Oblivion I will permit my fear to pass Over me and through me And where it has gone I will turn the inner eye Nothing will be there Only I will remain." That is the Bene Gesserit incantation for bravery from Frank...
Near-Term Bears Pummel DGIT, While Bullish Player Foresees Long-Term Recovery
Today’s tickers: DGIT, LTD, EWJ, ETN, AKS, ACLI & AMR DGIT - DG FastChannel, Inc. – The provider of digital technology services that facilitate electronic delivery of advertisements, syndicated programs and video news releases to various media outlets suffered a 38.5% decline in the value of its ...
08.30.10 – VIX +7% as SPY Tags 5-DMA
Speaking of the five-day moving average, in case Friday fooled you, it’s still downward sloping. Volume is the lowest we have seen in over a month, making it among the lowest volume trade days of the year. If the SPY pivot/ 5-dma can’t provide support (my first premise), I’ll next look to $105...
The Oxen Report: Two Plays for a Slow Monday
Happy Monday to all. I hope you all are ready for a busy economic data week, which could mean a lot of down days, but I am hoping for some surprise data. This morning we got some news that personal spending rose 0.4%, which was better than the 0.3% expected. That data helped pare earlier future l...
Monday - Merger Mania Continues
It’s another busy Monday for M&A activity. SNY announced a $18.5Bn CASH offer for GENZ ($69/share), INTC buy’s INNNY’s wireless unit for $1.4Bn in CASH and DELL and HPQ are still in a bidding war over PAR (and HPQ thinks their own shares are so cheap they are buying back $10Bn worth of them). T...
Weekend Reading - What’s Next?
Now what? Joseph Stiglitz said last week that "there are many ways in which you can see us almost surely being in a Japan-style malaise, it’s just really hard to see what will bring us out." Thomas Hoenig was comparatively an optimist at the Fed conference this weekend, saying: "we’ll slog our w...
Defending Your Portfolio With Dividends (Members Only)
In uncertain markets, dividends can give you a critical investing edge. As you can see from the chart on the left, just mindlessly investing in dividend-paying stocks can give you more than a 2:1 annual advantage in your investments. Of course, here at PSW, we teach the art of selling options pr...
Three-Legged Bearish Tactician Targets iShares Dow Jones U.S. Real Estate Index ETF
Today’s tickers: IYR, NSM, IGT, GFRE, LNC, BHI, ONNN & HPQ IYR - iShares Dow Jones U.S. Real Estate Index ETF – A three-legged bearish options combination play on the IYR, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Dow...
