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You Know It Is Options Expiration Week
Thursday, May 19, 2011 - 3:40pm | 227You know it is option week when: 1. The U.S Oil Fund (NYSE: USO) drops with the U.S. Dollar Index and trades in an 0.80 cents intra-day trading range. 2. Apple Inc.(NASDAQ: AAPL) opened at $342.40 and found an intra-day bottom at $338.67 which was an hour and twenty minutes later. 3. The U.S....
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Amazon.com Now Selling More Kindle Books Than Print Books
Thursday, May 19, 2011 - 9:17am | 86Amazon (NASDAQ: AMZN) began selling hardcover and paperback books in July 1995. Twelve years later in November 2007, Amazon introduced Kindle and began selling Kindle books. By July 2010, Kindle book sales had surpassed hardcover book sales, and six months later, Kindle books overtook paperback...
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Bought PCLN at $515.51
Wednesday, May 18, 2011 - 8:36pm | 148I didn't get a chance to post this trade as a stand alone article (though I did on the trading ticket for everyone) earlier today, so I wanted to take some time this evening to do exactly that. I believe that this trade is good to take all the way up to $520. After that, you've missed the ideal...
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Five Stocks Andreas Halvorsen Is Crazy About Right Now
Wednesday, May 18, 2011 - 3:17pm | 489Viking Global's Andreas Halvorsen recently disclosed his long stock positions at the end of March. The filing reveals that Halvorsen initiated 5 big stock positions, spending a total of $2 Billion. Ole Andreas Halvorsen is one of the most successful Tiger cubs. Norwegian Halvorsen launched Viking...
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Expiration Unwind 05-18-2011
Wednesday, May 18, 2011 - 3:14pm | 957Cusick's Corner The market has held into this expiration week. We are at critical levels and the bulls need to break 1333 on the S&P June futures. It's Wednesday, a critical point in the week because there are institutions that are starting to unwind monthly trades which often creates volume...
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Daily Long and Short Setup
Wednesday, May 18, 2011 - 11:52am | 116I've taken gains on two stocks this morning - El Paso (EP) at $18.90 from $18.22 for a 3.7% gain and then Expedia (EXPE) at $26.73 from $25.58 for at 4.5% gain. Overall it was a great way to start the day and now I am only 40% long with the addition of Chubb Corp (CB) at $65.35. As always I've also...
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Google Enters the Music World as Groupon Gets More Local
Wednesday, May 18, 2011 - 11:12am | 114Netflix (NASDAQ: NFLX) is expanding its streaming library and media storage goes mobile. And look out: Google is getting into the music business and Groupon is becoming even more local. And wondering if you have the best possible product? Well, there's an app for that. Google Music Google (NASDAQ...
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Amazon to Expand Customer Service Center in North Dakota; Creates 200 New Jobs
Wednesday, May 18, 2011 - 9:01am | 55Amazon.com, Inc. (NASDAQ: AMZN) and the Grand Forks Region Economic Development Corporation today announced plans to expand the Company's customer service center in Grand Forks, North Dakota. Amazon will create more than 200 full-time jobs and hundreds of seasonal jobs at the facility by the end...
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Benchmark Puts Buy and PT of $212 on Amazon
Wednesday, May 18, 2011 - 7:47am | 238Benchmark put a Buy rating and price target of $212 on Amazon (NASDAQ: AMZN). In a research report published today, Benchmark states, "Amazon's stock trades at 67x our 2011E EPS and 27x our 2011E OIBDA compared with our ecommerce peer group averages at 33x 2011E EPS and 15x 2011E OIBDA. Using a...
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Stock Picks for Wednesday May 18, 2011
Tuesday, May 17, 2011 - 5:03pm | 1871( click to enlarge ) Akorn, Inc. (NASDAQ:AKRX) - As long as the stock holds above the $6.50 support level the intermediate-term picture should remain positive. Fresh exposures may be considered on a move past $6.94, with a stop-loss at $6.50. ( click to enlarge ) Radio One, Inc. (NASDAQ:...
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6 Stocks I Am Watching Tomorrow
Tuesday, May 17, 2011 - 4:28pm | 141What a roller coaaster of a day! And quite the recovery by the S&P to close right on the 1329 price level (okay-it was a hair below it, but that isn't significant enough for me to consider it as a break of support). Below I've put together 6 trade setups to watch closely, going into the market...
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Long EXPE at $25.59 and FTR at $8.80
Tuesday, May 17, 2011 - 3:40pm | 134Finally made two late afternoon trades, the first of which is in Expedia (EXPE) at $25.59, and the other in Frontier Communications (FTR) at $8.80. I also managed to get out of the S&P UltraLong 2x (SSO) at $53.60, after having averaged down five times outside of my original buy-in. At one...
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Should Apple Brace Itself for a Nook Invasion?
Tuesday, May 17, 2011 - 2:05pm | 760You wouldn't think that Barnes & Noble (NYSE: BKS), one of the most embattled retailers in the nation, could ever pose a threat to Apple (NASDAQ: AAPL). But after gaining nearly 30%, B&N announced that its new app store had sold and/or given away one million apps. Compared to Apple's App...
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A Cynical, Contrarian View on Microsoft
Tuesday, May 17, 2011 - 2:03pm | 741By Professor Pinch A lot of buzz has been generated about Microsoft's (MSFT) deal to buy teleconferencing service Skype for $8.5 billion. A good bit of it has been positive. It's being heralded as a breakthrough for Microsoft: a realization that people want to communicate for little to no cost and...
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Ctrip.com (CTRP) Faced with Potential Real Challenge in Chinese Travel Market as Tencent Takes Stake in eLong (LONG)
Tuesday, May 17, 2011 - 1:15pm | 760For many years Ctrip.com (CTRP) has been the dominant player in the Chinese travel industry. Meanwhile eLong (LONG) has been its wayward competitor. I'd parallel these two to something along the lines of Intel (INTC) versus Advanced Micro Devices (AMD) - yes they are competitors but the gap...