Two months ago I mentioned the rally that the casino stocks had enjoyed for a few weeks and we made some great trades during that time frame going long. However, many of our trades were stopped out as the sector fell out of favor with Wall Street and the casinoRead more
Casino Stocks Rally
Trade Updates
Steve Jobs Speaks, Market Listens
Apple’s (AAPL, $93.11, up $2.36) CEO Steve Jobs spoke about his health this morning and the stock has rebounded sharply. The stock was lower in pre-market trading but turned positive when he responded to the market’s worries about his health. Unfortunately, stocks do trade on the health of a company’sRead more
2008 – A Year Hit By A Truck
Index 1. Commentary 2. Financial Sector Takes a Beating 3. Options Versus Stocks 4. Current Trade Updates 5. Alcoa and Caterpillar 6. Schlumberger 7. Volatility Index 8. Mortgage Rates Drop Like A Rock 9. Closing Thoughts ************************************************** 1. Commentary Out with the old, in with the New Year. Wall StreetRead more
Schlumberger Update
A Play On Oil
Dow Breaks Losing Streak
Market Continues Slow Ride Lower
Market Looking to Open Lower
Take-Two Takes A Hit
Take-Two Interactive Software (TTWO, $9.07, down $3.00) is down 25% after reporting lousy earnings. The company posted a loss of $15 million, or $0.20 a share, which doubled the loss of $7 million, or $0.10 cents a share, from a year ago. Even worse, Take-Two said it now expects earningsRead more