Daily Archives: July 6, 2017

Those Putzes on CNBC

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In case you missed it during the many instances I mentioned it here and on Twitter, I contracted a virus. Mercifully, it seems to be on the wane (hurray, Tim’s immune system!) but while I was in the throes of my illness, I did something I hardly ever do, which is turn on CNBC (the total amount of television I watch in a year is probably a few hours, at most, and I only vomit my way through CNBC viewing during Fed announcements).

Anyway, the topic of discussion was General Electric (GE), which is my largest non-ETF short position. I took this screenshot earlier today, although I think it fell lower…………

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4 Charts for Navigating Murky Markets

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With the market’s direction murky, stock selection becomes increasingly important.  Here are four stocks to watch, two on the long side and two short.
Calithera Biosciences, Inc. (CALA) closed up $1.85, or nearly 12%, at $17.60 on 1.5 million shares traded Wednesday. Price broke out of a consolidation starting on Monday, tagged $17.90, and then closed at $17.60. The stock is among the top-gaining biotechs of 2017 so far, up over 300% since January 1, aided by news of clinical partnerships with Incyte and Bristol-Myers Squibb for the company’s cancer drugs. Given the present strong upward momentum, price could reach $21 and may travel up into the mid $20s.
It was a strong day for Hudson Technologies Inc. (HDSN) on Wednesday. Price popped 31 cents, or 3.6%, to $8.88, on 1.1 million shares traded. That is the highest this stock has closed in 20 years. Price has been on the move up since the refrigerant services company announced on June 26 that it had been added to the Russell 3000 and Russell 2000 Indices. It has been up three days in a row now on heavy volume, with huge monthly volume observable across the past year. The stock is up at resistance, but could move into the $11-$12 area if it clears that level.

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At Death’s Door

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Although the title of this post describes my physical condition, I have crawled over from my bed to put up a post…….what a day for me to be sick, huh? We’re actually DOWN for a change. But I’m ready for them to put me in a coffin. Anyway, if we break 2412.50 and stay below it, those bullish turds are in for some more well-deserved pain.

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