BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[High Frequency Trading gets high frequency attention]]>http://www.bloggingstocks.com/2009/08/03/high-frequency-trading-gets-high-frequency-attention/http://www.bloggingstocks.com/2009/08/03/high-frequency-trading-gets-high-frequency-attention/http://www.bloggingstocks.com/2009/08/03/high-frequency-trading-gets-high-frequency-attention/#commentsFiled under: ,

The post was written by Minyanville Contributor James Anderson

High Frequency Trading (HFT), which is the use of computer models to enter trades, has received a considerable amount of attention in the blog space as well as the financial press. There are number different styles of HFT, but the most important part is the speed at which these trades are entered and executed.

The fastest possible computers are located adjacent to the computers that receive orders at the stock exchanges, and I when I say adjacent, it's not the building next door, it's literally feet away. This world operates in milliseconds, and even the speed of light in a fiberoptic cable is not fast enough for anything other than colocation.


Continue reading High Frequency Trading gets high frequency attention

High Frequency Trading gets high frequency attention originally appeared on BloggingStocks on Mon, 03 Aug 2009 14:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>hfthigh frequency tradingHighFrequencyTradinginthenewsnyseMon, 03 Aug 2009 14:40:00 EST<![CDATA[Corporate bond market rally]]>http://www.bloggingstocks.com/2009/07/13/corporate-bond-market-rally/http://www.bloggingstocks.com/2009/07/13/corporate-bond-market-rally/http://www.bloggingstocks.com/2009/07/13/corporate-bond-market-rally/#commentsFiled under: ,

This post was written by Minyanville contributor Fil Zucchi.

It's well known by now that the corporate bond market, from high yield to investment grade, has had a mind numbing move up, and this rally is beginning to be used as an explanation/reason why the equity markets will have no choice but to follow suit. To keep things in perspective, here are some comments from last week conference call by the Morgan Stanley (NYSE:MS) corporate credit team:

  • Despite the deleveraging process many companies have undertaken, on an EBITDA/Debt ratio junk rated companies are as leveraged as they have ever been thanks to the "complete trashing" of cash flows. MS expects leverage ratios to rise even further and, therefore, from a "leverage-risk to yield" basis, junk spreads are way too tight to reward buyers for the underlying default risk.
  • In the residential Option ARMs market, delinquency rates as a percentage of original balances are running higher than they were in subprime. On the other side of the ledger - and confirming what is intuitively logical - recoveries as a percentage of balances are significantly lower and falling, which will continue to put heavy pressure on home values. In the Alt-A market things are not going that well either.
  • In the Commercial Mortgage Backed Securities (CMBS) world, Standard & Poor recently implemented new tests to determine the downgrade of various CMBS vintages. The test for the 2004 issues was relaxed, which is likely to spare from downgrade 65% of AAA rated CMBS which had been put on negative watch. Under the prior, stricter test, 80% of the watch list issues were in danger of downgrades. Are we really to believe that the relaxation of the testing standards for issues that are coming up for refi between now and the next two years are just a coincidence?
  • What caritas the S & P showed toward the 2004 CMBS it apparently took it out on the mezzanine CMBS of 2006 and later. Most AAA mezz tranches are or will be downgraded to A/BBB- grades, while all junior AAAs tranches have gone straight to junk.

Corporate bond market rally originally appeared on BloggingStocks on Mon, 13 Jul 2009 14:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>ALT-Acmbscorporate bondsCorporateBondsinthenewsmsoption ARMsOptionArmsSPMon, 13 Jul 2009 14:40:00 EST<![CDATA[Six reasons why natural gas is better investment than oil]]>http://www.bloggingstocks.com/2009/06/19/six-reasons-why-natural-gas-is-better-investment-than-oil/http://www.bloggingstocks.com/2009/06/19/six-reasons-why-natural-gas-is-better-investment-than-oil/http://www.bloggingstocks.com/2009/06/19/six-reasons-why-natural-gas-is-better-investment-than-oil/#commentsFiled under: ,

This post was written by Minyanville contributor Vitaliy Katsenelson,

1. Reserves deplete faster than oil (in general).

2. Oil/natural gas ratio: the price of oil divided by the price of natural gas is at an all-time high (or close). This ratio stands at 17 (historically it has been at about an 8 or so). Natural gas prices will go, oil will decline, or both.

3. At $4 a gallon, it is uneconomical to develop and look for new oil reserves.

4. No OPEC competition.

5. Politically more favorable than coal.

6. After emission caps are implemented natural gas will become a cheaper alternative than politically and environmentally unfriendly coal.

Six reasons why natural gas is better investment than oil originally appeared on BloggingStocks on Fri, 19 Jun 2009 13:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewslngnatural gasoilopecFri, 19 Jun 2009 13:40:00 EST<![CDATA[Afternoon trading playbook]]>http://www.bloggingstocks.com/2009/06/18/afternoon-trading-playbook/http://www.bloggingstocks.com/2009/06/18/afternoon-trading-playbook/http://www.bloggingstocks.com/2009/06/18/afternoon-trading-playbook/#commentsFiled under: , , ,

This post was written by Minyanville contributor Quint Tatro

While the Philly Fed Numbers's are just about unbelievable, in the real sense of the word, it has been enough to halt the slide at least for now. Regardless of the back and forth, I continue to be sitting on my hands watching as the market discourages those trying to find a shorter term edge. I stand firmly planted in the land of the Swiss, with a thesis that before the next swing tradeable move, Mr. Market will do a great job in depleting as much emotional capital as he can. My one current short in the FlexFolio, Mastercard (NYSE:MA)still looks good and with a stop above 175 still presents some decent risk reward.

Going into the afternoon, I am keeping my eye on CA Incorporated NASDAQ:CA)and FLIR Systems (NASDAQ:FLIR) with alerts to enter short on a break of the day low. If they trigger, my stops will be the day high.

Enjoy the break, don't get caught up in the ticks and keep the emotional capital at highs. We're going to need it soon.

Afternoon trading playbook originally appeared on BloggingStocks on Thu, 18 Jun 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>caflirmaThu, 18 Jun 2009 15:40:00 EST<![CDATA[Q: When is a signal not a signal? A: When it's another signal]]>http://www.bloggingstocks.com/2009/06/10/q-when-is-a-signal-not-a-signal-a-when-its-another-signal/http://www.bloggingstocks.com/2009/06/10/q-when-is-a-signal-not-a-signal-a-when-its-another-signal/http://www.bloggingstocks.com/2009/06/10/q-when-is-a-signal-not-a-signal-a-when-its-another-signal/#commentsFiled under:

This post was written by Minyanville contributor Rod David.

One of my favorite setups is a "session-long rally" (or session-long decline). Its primary elements are a gap up above the prior afternoon's high, that is maintained through a relevant timing window. Two other critical elements were both fulfilled. Notice how the gap up failed to remain above yesterday afternoon's high. The story doesn't stop there, as just a signal that failed to trigger. Its failure has all sorts of implications.

Continue reading Q: When is a signal not a signal? A: When it's another signal

Q: When is a signal not a signal? A: When it's another signal originally appeared on BloggingStocks on Wed, 10 Jun 2009 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewsRodDavidstock rallyStockRallyToddHarrisonWed, 10 Jun 2009 17:30:00 EST<![CDATA[Jobs: Really a good number?]]>http://www.bloggingstocks.com/2009/06/05/jobs-really-a-good-number/http://www.bloggingstocks.com/2009/06/05/jobs-really-a-good-number/http://www.bloggingstocks.com/2009/06/05/jobs-really-a-good-number/#commentsFiled under: , ,

This post was written by Minyanville contributor Tom Fant.

The employment number was better than expected. No question about it. Looking behind the number, I see all industries still contracting albeit less so except education/health.

Leisure was up but only 3k. Federal government hiring was negative for the first time this year. I'm still watching the hiring of temp workers, which is still negative but just barely at -7k which is much better than previous reports and could be a sign of good things to come.

Continue reading Jobs: Really a good number?

Jobs: Really a good number? originally appeared on BloggingStocks on Fri, 05 Jun 2009 14:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>employmenthiringinthenewsunemploymentFri, 05 Jun 2009 14:10:00 EST<![CDATA[Evolution of a trade in First Solar]]>http://www.bloggingstocks.com/2009/06/03/evolution-of-a-trade-in-first-solar/http://www.bloggingstocks.com/2009/06/03/evolution-of-a-trade-in-first-solar/http://www.bloggingstocks.com/2009/06/03/evolution-of-a-trade-in-first-solar/#commentsFiled under: ,

This post was written by Minyanville contributor Smita Sadana.

A trade doesn't simply have an initiation and finale - the most important part of a trade is its evolution and constant re-assessment if the original thesis that the trade was initiated with, still holds true.

On that note, let's look at First Solar (NASDAQ:FSLR). I started a short position in it on 6/1 when instead of participating in the market advance, it lagged (due to a LA Times story that FSLR's acquisition of "strategic land rights" is under scrutiny). Recall, it came on the heels of a cautious mention in Barron's on May 26th. So, both times, FSLR reacted negatively to negative news and volume picked up on both those instances.

Today, Pacific Crest Securities reiterated its buy rating on FSLR and called the recent weakness a "buying opportunity."

I

Continue reading Evolution of a trade in First Solar

Evolution of a trade in First Solar originally appeared on BloggingStocks on Wed, 03 Jun 2009 14:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>energyfirst solarFirstSolarfslrsolartradingWed, 03 Jun 2009 14:20:00 EST<![CDATA[Playing the game with Hasbro]]>http://www.bloggingstocks.com/2009/06/02/playing-the-game-with-hasbro/http://www.bloggingstocks.com/2009/06/02/playing-the-game-with-hasbro/http://www.bloggingstocks.com/2009/06/02/playing-the-game-with-hasbro/#commentsFiled under: , , ,

This post was written by Minyanville contributor Steve Smith

Hasbro, Inc. (NYSE: HAS) has seen unusual option activity. The notable trades are occurring in the October series with buying of the $27.50 and $25 puts.

Yesterday those strikes traded over 2,600 contracts each with nearly all of it translating into new open interest. This morning these have traded over 1,000 contracts each with most of the volume coming at the asking price suggesting this is buying and someone is accumulating these put spreads.

Continue reading Playing the game with Hasbro

Playing the game with Hasbro originally appeared on BloggingStocks on Tue, 02 Jun 2009 17:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>hashasbrooptionsTue, 02 Jun 2009 17:30:00 EST<![CDATA[The stakes are high for US government bonds]]>http://www.bloggingstocks.com/2009/05/28/the-stakes-are-high-for-us-government-bonds/http://www.bloggingstocks.com/2009/05/28/the-stakes-are-high-for-us-government-bonds/http://www.bloggingstocks.com/2009/05/28/the-stakes-are-high-for-us-government-bonds/#commentsFiled under: , , ,

This post was written by Minyanville contributor James Kostohryz.

As per the trade I laid out yesterday, with today's durable goods orders number that was significantly better than expected, we might be looking at S&P 930 today rather than sub 900 if the market had not gotten blindsided by yesterday's sudden plunge in long bonds. That's what stops are for.

But let's put this in perspective: A 12-point drop between yesterday's high of around 913 and the current level of 901 is small potatoes relative to what is at stake here.

Continue reading The stakes are high for US government bonds

The stakes are high for US government bonds originally appeared on BloggingStocks on Thu, 28 May 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BondsdollarinthenewsSPUSThu, 28 May 2009 14:30:00 EST<![CDATA[Option Action: BEAT, CREE, PCX]]>http://www.bloggingstocks.com/2009/05/27/option-action-beat-cree-pcx/http://www.bloggingstocks.com/2009/05/27/option-action-beat-cree-pcx/http://www.bloggingstocks.com/2009/05/27/option-action-beat-cree-pcx/#commentsFiled under: , , , ,

This post was written by Minyanville contributor Steve Smith.

Shares of CardioNet (NASDAQ: BEAT) shares are off $0.20 to $18.60 and option volume is three times the daily average. The focus is buying in the June $17.50 put which has seen over 5,100 contracts trade, 90% of which occurred at the ask, and exceeds prior open interest of if 1,018 contracts. This new put buying is driving up implied volatility 14% to the 65% level this morning.

CREE Inc. (NASDAQ: CREE) shares are up over 12% to $31.30 after the electronics parts manufacturer pre-announced and raised guidance. Options running 3X the daily average with 85% of trades on the call side. Active strikes are the include June $30 call and July $30 calls, with latter's volume exceeding strike's of 295 exceeding prior open interest. Notable is buying in longer dated series; the Sep $30 call, Dec $35 call and Jan 2010 $30 call have all traded over 200 contracts all of which exceed their strike's prior open interest.

Patriot Coal (NYSE: PCX) is up 19 cents to $9.15 and 2,500 Jun 10 calls traded. Nearly all the volume has been done at the asking price suggesting this speculative call buying.

Option Action: BEAT, CREE, PCX originally appeared on BloggingStocks on Wed, 27 May 2009 13:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BEATcardionetcreePatriot CoalpcxWed, 27 May 2009 13:20:00 EST<![CDATA[Riverbed on the radar]]>http://www.bloggingstocks.com/2009/05/15/riverbed-on-the-radar/http://www.bloggingstocks.com/2009/05/15/riverbed-on-the-radar/http://www.bloggingstocks.com/2009/05/15/riverbed-on-the-radar/#commentsFiled under: , , ,

This post was written by Minyanville Contributor Smita Sadana.

A stock that I am keenly watching today is Riverbed Technology (NASDAQ: RVBD), which is up in this down market. Minyans might remember that we had concluded a successful long trade in this stock. For more please see my note on April 24th.

Here are some thoughts on the new technical picture:

Continue reading Riverbed on the radar

Riverbed on the radar originally appeared on BloggingStocks on Fri, 15 May 2009 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>nasdaqrvbdtechnical analysistechnologyFri, 15 May 2009 16:40:00 EST<![CDATA[As gold rallies and dollar drops, 'moment of clarity' coming soon]]>http://www.bloggingstocks.com/2009/05/06/as-gold-rallies-and-dollar-drops-moment-of-clarity-coming-soon/http://www.bloggingstocks.com/2009/05/06/as-gold-rallies-and-dollar-drops-moment-of-clarity-coming-soon/http://www.bloggingstocks.com/2009/05/06/as-gold-rallies-and-dollar-drops-moment-of-clarity-coming-soon/#commentsFiled under: ,

This post was written by Minyanville contributor Lance Lewis.

With gold rallying again today and the bond market continuing to slide with the dollar, I thought it might be worthwhile to pull out the gold/bond ratio once again and see where we are at with respect to this particular indicator signaling inflation or deflation (see the chart below).

I'll leave you to draw your own conclusions, but rather than "green shoots" of a US economic recovery, I merely see the "green shoots" of inflation developing.

Continue reading As gold rallies and dollar drops, 'moment of clarity' coming soon

As gold rallies and dollar drops, 'moment of clarity' coming soon originally appeared on BloggingStocks on Wed, 06 May 2009 15:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>dollargoldinthenewsUSWed, 06 May 2009 15:10:00 EST<![CDATA[Establishing a position in Riverbed Technology ]]>http://www.bloggingstocks.com/2009/04/24/establishing-a-position-in-riverbed-technology/http://www.bloggingstocks.com/2009/04/24/establishing-a-position-in-riverbed-technology/http://www.bloggingstocks.com/2009/04/24/establishing-a-position-in-riverbed-technology/#commentsFiled under: , ,

This post was written by Minyanville contributor Smita Sadana


I have established a small trading position in Riverbed Technology (NASDAQ: RVBD), after it announced earnings. Here's why:
  • Earnings beat expectations. RVBD reported EPS of 13 cents vs. consensus of 10 cents. The revenue number was also higher.

  • Several brokers have enthusiastically raised their targets for RVBD. Lazard Capital raised the price target from $14 to $17, and Wedbush and William Blair upgraded the stock.

  • The percentage of float shorted was 21% at the beginning of April. This stands out as the most interesting piece of data for a trader like me. Given the ignition provided by the good earnings announcement, wouldn't the shorts rush to cover?

Continue reading Establishing a position in Riverbed Technology

Establishing a position in Riverbed Technology originally appeared on BloggingStocks on Fri, 24 Apr 2009 15:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>earningrvbdtechFri, 24 Apr 2009 15:20:00 EST<![CDATA[Earnings reports and the 'hole' truth]]>http://www.bloggingstocks.com/2009/04/21/earnings-reports-and-the-hole-truth/http://www.bloggingstocks.com/2009/04/21/earnings-reports-and-the-hole-truth/http://www.bloggingstocks.com/2009/04/21/earnings-reports-and-the-hole-truth/#commentsFiled under: , ,

This post was written by Minyanville contributor Minyan Peter.

I realize that these are very difficult times for financial services companies, but I learned a long time ago that the only route to progress is dealing with reality.

With that as background I would offer to any number of regional banks who reported earnings this week that the correct disclosure when writing off goodwill is not "This is a non-cash charge which should be ignored because it does not effect cash or regulatory capital" but "In hindsight we overpaid for an acquisition and based on lower forecast earnings from this business in the future, we need to write down most of the purchase price."

Continue reading Earnings reports and the 'hole' truth

Earnings reports and the 'hole' truth originally appeared on BloggingStocks on Tue, 21 Apr 2009 13:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>earningshbanwrite-downsTue, 21 Apr 2009 13:20:00 EST<![CDATA[Mister Softie (MSFT) looking soft]]>http://www.bloggingstocks.com/2009/04/17/mister-softie-msft-looking-soft/http://www.bloggingstocks.com/2009/04/17/mister-softie-msft-looking-soft/http://www.bloggingstocks.com/2009/04/17/mister-softie-msft-looking-soft/#commentsFiled under:

This post was written by Minyanville contributor Sean Udall.

Professor Udall,

I don't know much about the fundamentals of Microsoft Corporation (NASDAQ: MSFT), but I have been watching it trade for the past few months and that is one stock that, simply from the way it is trading, looks like it is in trouble. What are your thoughts?

-- Jessica

Continue reading Mister Softie (MSFT) looking soft

Mister Softie (MSFT) looking soft originally appeared on BloggingStocks on Fri, 17 Apr 2009 17:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>aaplAppleHewlett-PackardhpqibmMicrosoftmsftOracleorclFri, 17 Apr 2009 17:15:00 EST<![CDATA[Caution: Dangerous Week Ahead]]>http://www.bloggingstocks.com/2009/04/13/caution-dangerous-week-ahead/http://www.bloggingstocks.com/2009/04/13/caution-dangerous-week-ahead/http://www.bloggingstocks.com/2009/04/13/caution-dangerous-week-ahead/#commentsFiled under: , , , , ,

This post was written by Minyanville contributor James Kostohryz
I believe that the market is currently poised in a binary position.

Better than expected earnings and/or guidance by the major banks and/or other major companies this week could send the S&P 500 flying past its 200 day moving average triggering a wave of long purchases and short covering (note that short interest has been rising sharply in the past few days).

On the other hand, disappointment from any of the major financials such as Goldman Sachs(NYSE:GS), JP Morgan (NYSE:JPM) or Citigroup(NYSE:C) and/or major companies reporting this week such as Intel (NASDAQ:INTC)or Google(NASDAQ:GOOG)could send the market reeling into a quick 10% correction.

Here is my baseline view of the week, subject to change at any moment.

Continue reading Caution: Dangerous Week Ahead

Caution: Dangerous Week Ahead originally appeared on BloggingStocks on Mon, 13 Apr 2009 15:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cfasfazgooggsintcjpmpsqqidqldqqqshskfspyssouygMon, 13 Apr 2009 15:40:00 EST<![CDATA[Lies, damn lies, and consumer credit figures ]]>http://www.bloggingstocks.com/2009/04/08/lies-damn-lies-and-consumer-credit-figures/http://www.bloggingstocks.com/2009/04/08/lies-damn-lies-and-consumer-credit-figures/http://www.bloggingstocks.com/2009/04/08/lies-damn-lies-and-consumer-credit-figures/#commentsFiled under: , , ,

This Post was written by Minyanville contributor Minyan Peter.

Based on yesterday's Consumer Credit figures for February, in the "shoot twice, think once" world in which we increasingly live, I can already hear Congressmen condemning credit card issuers for cutting off credit to consumers.

But, before you act, I would strongly recommend that you completely ignore the headline data.

First, in a world of secular debt deleveraging, "seasonally adjusted data" is meaningless. And particularly for credit card lending, where Christmas is so important. And given the this past Christmas was a bust, the seasonal data for December, January and February don't make any sense.

Continue reading Lies, damn lies, and consumer credit figures

Lies, damn lies, and consumer credit figures originally appeared on BloggingStocks on Wed, 08 Apr 2009 15:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cofcredit marketsCreditMarketsdfsinthenewsWed, 08 Apr 2009 15:45:00 EST<![CDATA[G20: A gold Bull's best friend?]]>http://www.bloggingstocks.com/2009/03/31/g20-a-gold-bulls-best-friend/http://www.bloggingstocks.com/2009/03/31/g20-a-gold-bulls-best-friend/http://www.bloggingstocks.com/2009/03/31/g20-a-gold-bulls-best-friend/#commentsFiled under: , , ,

This post was written by Minyanville contributor Lance Lewis

The consensus seems to be blowing off the G20 as a nonevent for the dollar, but then again the consensus didn't anticipate the Fed announcing that it would begin to monetize Treasury debt a couple weeks ago either. And it was that Fed decision that brought us to where we are today.

Continue reading G20: A gold Bull's best friend?

G20: A gold Bull's best friend? originally appeared on BloggingStocks on Tue, 31 Mar 2009 15:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>chinadollarecbeurofxiGoldinthenewsTue, 31 Mar 2009 15:30:00 EST<![CDATA[Reloading NetFlix]]>http://www.bloggingstocks.com/2009/03/30/reloading-netflix/http://www.bloggingstocks.com/2009/03/30/reloading-netflix/http://www.bloggingstocks.com/2009/03/30/reloading-netflix/#commentsFiled under: , , ,

This post was written by Minyanville contributor Smita Sadana (position in NFLX).

My trading-experiences have shown me that the strong usually do not fall without putting up a good fight. In that spirit, I am looking for a long position in Netflix (NASDAQ: NFLX), that we had let go in the vicinity of $42.

Now that NFLX has rewound some of its dramatic ascend and come to the 20-day moving average and is trading just around $39.30, it might re-attempt to scale higher. I would have really liked if my entry had been closer to the lateral trendline (around $38.20), but one can only react to the moves of the market, not predict them.

Continue reading Reloading NetFlix

Reloading NetFlix originally appeared on BloggingStocks on Mon, 30 Mar 2009 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>minyanvillenetflixnflxsmita sadanaSmitaSadanaMon, 30 Mar 2009 14:00:00 EST<![CDATA[Early thoughts on the tech sector]]>http://www.bloggingstocks.com/2009/03/26/early-thoughts-on-the-tech-sector/http://www.bloggingstocks.com/2009/03/26/early-thoughts-on-the-tech-sector/http://www.bloggingstocks.com/2009/03/26/early-thoughts-on-the-tech-sector/#commentsFiled under: , , , ,

This post was written by Minyanville contributor Sean Udall. Sean holds position in RIMM, VMW, SUPX.

  • Goldman Sachs upgraded Research in Motion (NASDAQ:RIMM)saying to buy in front of EPS. I couldn't agree more and in fact was going to say that today. Be that as it may, I doubled my RIMM long into yesterday's weakness and plan to hold into/through EPS report. My quick take is that RIMM could have one of the better reports relative to all the negative analyst actions and commentary in tech and the overall market.

  • One of my themes for this upcoming EPS season is to look for stocks that have had the most negative analyst commentary coming into the quarter, as no one these days is looking at things like Price/Sales, Price/Book or Price to normalized earnings.

Continue reading Early thoughts on the tech sector

Early thoughts on the tech sector originally appeared on BloggingStocks on Thu, 26 Mar 2009 13:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>athrbaidubidubrcminthenewsmchprimmsemiconductorssupxtechnologyvmwvmwareThu, 26 Mar 2009 13:40:00 EST