Apr 28
Saturday
Reshort Amazon
We shorted Amazon last 12 months from $140 to $240 with an average of $200 and covered all $200k worth of Amazon shorts at an average of $175 when it dropped ate last year. We were beginning to worry that we got off prematurely and Amazon would take a sharp dive to our target $35-40 (yes, if it was trading at Apple’s PE that is what it should trade at). Looks like some BS numbers on REVENUE GROWTH is getting bulls excited and bears covering - resulting in a 15.6% short squeeze Friday. Nevermind that its EARNINGS was down on Q1 2011 from $200m to $140m. Nevermind that operating income (loss) is expected to be between $(260) million and $40 million, or between 229% decline and 80% decline compared with second quarter 2011.
It is absolutely ridiculous Amazon is back up - but its an opportunity for us again. Usually after a sharp rise, there will be follow through in price (they call it momentum) - so we will short only 20% of our intended short.
Short 100 shares of Amazon at $226
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Reshort Amazon
no responses - Posted 04.28.12
We shorted Amazon last 12 months from $140 to $240 with an average of $200 and covered all $200k worth of Amazon shorts at an average of $175 when it dropped ate last year. We were beginning to worry that we got off prematurely and Amazon would take a sharp dive to our target $35-40 (yes, if it was trading ... continue -
admin Buys BAU.AX
no responses - Posted 04.17.12
admin Buys BAU.AX continue -
Chipotle
no responses - Posted 04.13.12
Check out the hype of a Chipotle Grande Opening: Market Cap : $13.5 bil (compared to McDonalds $99b) Market cap/# stores = $10 million PE: 60 All time high We shorted at about $340 - and looking forward to short more at $500 and $600. Our margin of error is huge - not the way most people trade but we were peppering in our shorts ... continue -
peterpan100 Buys CTIC
no responses - Posted 04.12.12
peterpan100 Buys CTIC continue -
Short US Tech Long ASX
no responses - Posted 04.02.12
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Realised Profits in Jefferies and Wells Fargo - Buying Gold Producer
no responses - Posted 04.02.12
We have taken profits in both JEF and Wells Fargo. continue -
admin Buys TBR.AX
no responses - Posted 04.02.12
admin Buys TBR.AX continue
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All entries filed under Stocks
Chipotle
no responses - Posted 04.13.12
Check out the hype of a Chipotle Grande Opening: Market Cap : $13.5 bil (compared to McDonalds $99b) Market cap/# stores = $10 million PE: 60 All time high We shorted at about $340 - and looking forward to short more at $500 and $600. Our margin of error is huge - not the way ...continue
no responses - Posted 04.13.12
Check out the hype of a Chipotle Grande Opening: Market Cap : $13.5 bil (compared to McDonalds $99b) Market cap/# stores = $10 million PE: 60 All time high We shorted at about $340 - and looking forward to short more at $500 and $600. Our margin of error is huge - not the way ...continue
Realised Profits in Jefferies and Wells Fargo - Buying Gold Producer
no responses - Posted 04.02.12
We have taken profits in both JEF and Wells Fargo. continue
no responses - Posted 04.02.12
We have taken profits in both JEF and Wells Fargo. continue
Louise Yamada: NASDAQ New Bull Market Technically
no responses - Posted 02.15.12
Respected technical analyst Louise Yamada is bullish on NASDAQ. continue
no responses - Posted 02.15.12
Respected technical analyst Louise Yamada is bullish on NASDAQ. continue
Jim Rogers : Outlook on Taiwan
no responses - Posted 02.15.12
Taiwan will benefit from China's boom with Taiwan's brains and capital and China's labour and consumption. China has a huge water problem. If China dries up, thats the end of the China story. Most investors do nothing most of the time. continue
no responses - Posted 02.15.12
Taiwan will benefit from China's boom with Taiwan's brains and capital and China's labour and consumption. China has a huge water problem. If China dries up, thats the end of the China story. Most investors do nothing most of the time. continue
iNASDAQ = Apple Makes up 90% of Gain
no responses - Posted 02.15.12
Apple move today makes up 90% of NASDAQ rise. This is a concern for us shorting NASDAQ (but bullish AAPL). continue
no responses - Posted 02.15.12
Apple move today makes up 90% of NASDAQ rise. This is a concern for us shorting NASDAQ (but bullish AAPL). continue