1:40pm (EST) Priceline.com (PCLN, $107.27, up $2.37) reported earnings this morning that were better-than-expected. The stock has doubled from its November low of $45 and is right at support/resistance. Before the breakdown to the November low, shares had built a solid base between $100-$110. Once $100 was broken, it wasRead more
Priceline.com Beats/ ExxonMobil Dips
Weekly Wrap for 5/10/09
1. Commentary 2. Breaking Down a GE Trade 3. Blackstone Group Revisited 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Even Alan Parsons would wonder “where do we go from here”… The market continued it solid uptrend last week after getting off toRead more
GE Regains Strength
Diary of an Option Trader
11:15am (EST) The unemployment numbers really threw a monkey wrench in this morning’s trading plan and despite the Dow’s best efforts, we have slipped off of our highs. The unemployment rate jumped again, to 8.9% from 8.5%, as many businesses continue to be cautious from hiring. Selected areas are pickingRead more