31 Jul
Its been a brutal market lately especially for any company that doesn’t stack up to expectations. When investors are hitting the exits, it doesn’t take much to cause panic and ValueClick (VCLK) certainly did the trick this morning with their earnings announcement.
Revenue came in at $148.7m for the quarter and EPS was at 17 […]
Posted in Short Idea by: Zachary Scheidt
1 Comment
30 Jul
Recent shifts in the market have me closing my profitable short position in Las Vegas Sands for now and looking at potentially taking on a short position in Pinnacle Entertainment (PNK).
Pinnacle characterizes itself as a mix between an operating company and a development company. In reading through its annual report, it is clear the company […]
Posted in Short Idea by: Zachary Scheidt
1 Comment
28 Jul
Trader Mike urges caution… Don’t chase the market down at this point. Initiating shorts here involves much risk.
In the Money notes a rise in the Yen which could be adding to negative sentiment in US markets. I have yet to hear anyone mentioning this.
Notable Calls mentions NTRI’s dissapointing action and CSFB’s report which came to […]
Posted in reading by: Zachary Scheidt
7 Comments
27 Jul
Intercontinental Exchange (ICE) reported earnings Thursday morning before the market had its second worst day this year. With just over 300 stocks on the NYSE advancing versus over 3,000 declining, the stock had its work cut out for it, but ended the day positive bucking the overall market trend.
The last time I wrote about ICE, […]
Posted in Long idea by: Zachary Scheidt
2 Comments