Pandora’s earnings have rolled out, and as I’m typing this, the stock is down a little more than 8% (around where I’ve put the tint). It’s a very toppy pattern, and I’d say odds are good it’s going to keep tumbling until that gap (pointed out with an arrow) is filled.
OK, I present to you my Royal Screwup Of The Day: General Motors. As some of you know, there’s nothing quite so painful about being correct on a trade and yet losing money on it. This is one of those times for me.
I have been bearish on General Motors for a variety of reasons. They came out with their earnings this morning. The Street loved what they heard. They bid the stock up massively (relatively speaking; we’re talking about General Motors, after all). (more…)
I hate these guys more than I can tell you. I’d rather have Lloyd Blankfein as President of the U.S. than see Healthnet thrive. They are the worst thing in the history of everything. But, in spite of their cancelling my insurance (their screwup, they confess, but they seem unable to fix it), their billing system is working GREAT!
I confess I was half-hoping for some kind of shocking news from Facebook and/or Apple, but the only “shock” was to the upside. I have received the usual tumbling-in of emails from people who have given up hope and are going to stop trading. Well, not me. I’m not going to let Tim Cook’s declaration that Apple’s stock is “undervalued” change my plans. Sorry, Mr. Cook. (more…)
Well, after six “up” days, the bears finally got some relief on Wednesday……….only to be nuked again after the bell by two stocks: FB and (much, much more important) AAPL. The entire day’s drop on the NQ has been reversed, and then some, and we’re about to break the nice, neat series of “lower highs” that’s been in place for some time now. Bleah!