FC Stone announced strong Q2 results today and also said it will authorize a 3/2 split. Shares are trading higher as the stock attempts to break out of this correction and resume its uptrend.
After losing the bidding war for the Board of Trade, ICE broke out of a consolidation base yesterday and is trading to a new high today on what appears to be strong volume.
Chipotle may be ready to resume its strong trend although I would like to see more volume by the days end. This restaurant is going to make me fat!
I continue to be impressed with the new highs in Focus Media. It will be interesting to see how their Q2 turned out since this is supposed to be a seasonally strong period for them.
I switched over to using wordpress for the blog which apparently I should have done a long time ago. It’s a bit of an adjustment for me so my apologies for any broken links or other malfunctions. Things should be running smoothly soon.
ZDS
Update 7/12
July 13th, 2007 at 11:29 pm
i added to CMG “A” position wednesday for 85.25+ and shed all of it on thur/fri spike. my guess is that it will top out around 91s-92s. the 3 week bounce so far is 79 > 91+ or $12+.
July 13th, 2007 at 11:38 pm
I’m a little concerned with this spike. There was very little volume to speak of as CMG hit new highs. Today (friday) I decided to hedge half my position by selling the August 90 calls. I got $5.00 for them so it is an attractive amount of premium but it also gives me a bit of downside protection.
July 25th, 2007 at 5:11 pm
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