Chart of the Day: $WYNN Some, Lose Some

ChartOfTheDay

Since WYNN's parabolic rise of about 50% from the December 2013 lows to the March 2014 all time highs, we have taken a fairly dim view of the stock's prospects.  The stocks's ascent had been driven by … [Read more...]

New Trade – $PEP: Pepsi Challenged

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I think it is safe to say that the Federal Reserve's policy of zero interest rates was largely intended to stimulate economic activity.  However, another consequence for corporate America was the … [Read more...]

$BABA Vol Steep Have You Many Fills

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Today is the first day of trading for BABA.  The company sold shares to fund managers (let's be honest, it was not really an initial "public" offering) at $68 on the evening of September … [Read more...]

New Trade – $NKE: Just Doing It

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Last month I initiated a trade in Nike (NKE) that would help finance the purchase of longer dated calls in anticipation of a potential breakout following last night's fiscal Q1 earnings (read here). … [Read more...]

Chart of the Day – $QCOM: Semi-Performer

ChartOfTheDay

Over the course of 2014 we have taken a shot with long exposure in Qualcomm (QCOM) on a couple of occasions, with little to show for it.  The stock has been a massive under-performer to the entire … [Read more...]