What a crazy week! The markets were bucking like a bronco but were they trying to throw off the shorts prior to a move back down or trying to flush out the weak-handed longs prior to a big breakout to new levels? After gapping...
Read MoreToday’s tickers: XRTX, EXEL, PBR, F, BPOP, ALTH, RIG, MYL, HIG & SYMC XRTX – Xyratex, Ltd. – Shares of the provider of data storage and network technology surged 13.7% at the start of the trading session to a new...
Read MoreGood morning and happy Thursday. The market is looking good today, but we did not get good news out of Mosaic last night on earnings. The company reported earnings below estimates with an EPS of 0.50 vs. the 0.62 estimate. I...
Read MoreWow what a rally! No, not yesterday but, once people stop trading, then – Wow! The Hang Seng gapped up 200 points at their open and then flew up another 100 points in the last 20 minutes of trading to make 297 points for...
Read MoreToday’s tickers: CNO, OSIP, HIG, FXI, JDSU, ARQL, GNW, TEVA, KO & UBS CNO – Conseco, Inc. – The holding company for a number of insurance companies, such as Colonial Penn Life Insurance Co. and Washington National...
Read MoreHappy Wednesday to all! Yesterday, we got involved in an Overnight Trade of Dollar General Corp. (DG). I had set a high end of my range to enter at 25.20, and I know did not get involved because it did not hit it. Yet, for...
Read MoreHugo Chavez is running low on cash. Should you care that he just had to withdraw $5Bn from reserves, sending them to a 10-month low and down 19% to $28.35Bn? Well it’s not just Venezuela but they are a good example of what’s...
Read MoreToday’s tickers: V, RDC, VALE, EEM, STX, XRT, FXI, VZ, IPI & MMM V – Visa, Inc. – Call options on credit card company, Visa, Inc., are in high demand today by investors who appear to be expecting a sharp rally in the...
Read MoreYesterday, we entered a position in Mosaic Co. (MOS). So far, the stock has not been the gem China Automotive Systems (CAAS) was last week, but we still have some time to go before this one needs to be sold. Last I checked it...
Read MoreWe have Case-Shiller at 8:30 but that’s not my main concern. Inflation is much worse than it seems and Doug Kass made an excellent point in TheStreet.com: “Few economists or pundits have noticed that the BLS has increased...
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