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Last week, I detailed the Apollo analysis for you guys. Today, I’ve been putting in some bids on some May 2012 puts with strike prices in the mid $40s right now. I think APOL’s near-term earnings report, which will come in early January, is unlikely to spur
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Howdy folks. It’s another range-bound into year-end day at the markets and that’s okay with us. As I’d hinted yesterday though, I do think we’re likely to finally see these markets break their trading range in coming weeks. There will be year-end window-
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Last week I told you about my newest short, Apollo Group, Inc. APOL +3.08% . New ideas are great but that doesn’t mean we take our eye off our slightly more vintage ones. With that in mind there are pretty significant developments at Lender Processing Services, Inc. LPS +0.
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Big spike up in the markets this morning, led by tech. We are indeed ending up in that rangebound market into year end that I’d been expecting. The VIX has continued to plummet and we’re down to just a handful of trading days left in the year. Wouldn’
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Here’s what I was reading and thinking about this morning. If you are a advocate for technical analysis in your trading, I highly suggest you start reading the first three guys I link to there. They are some of the best stock technical analysts on the planet. Let’s
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It’s Monday and I can see the storm blowing over the mountains and enveloping the land around me. I meant the snowstorm here in Ruidoso — not making too much of an allegory there. Too much of one anyway. I’m doing a big update on LPS so stay tuned
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Here’s what I was reading and thinking about when I wasn’t out looking for a Christmas Tree at sunrise this morning. On my own land. I love New Mexico. Financials Lead Despite Fitch Downgrade – It’s remarkable, truly astonishing, that anybody cares what the ratings agencies say anymore.
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LPS has just tanked nearly 10% in the last few minutes as news hits that…well, here: LAS VEGAS –Nevada’s Attorney General has filed a lawsuit for consumer fraud against Lender Processing Services, or LPS, which is a company accused of robo-signing. “The robo-signing crisis in Nevada
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Good morning and welcome back to the dishwasher, where you better not forget to put in the detergent. Let’s talk RIMM first. Sigh. Stock is down today, after another horrid report, and I guess I was wrong to guess that the stock had priced it all in. Mea culpa.
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Not much action in the broader markets to write home about today. It’s been a day of mild bidding and little selling, and traders finally seem to want to catch their breath. Could be the quiet before the storm. Or it could be the quiet before the quiet before
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You guys know that I had RIMM as a short in the Revolution Investing portfolio back when it was above $100. Yes, $100, nearly 10x it’s price today. And I’ve stayed away from the name as its continued to crash. But you know what…at a new 52-
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Just a quick note — the markets are trying to bounce off their lows of the day. We might see some wild intraday action today, but I wouldn’t want to try to profit on it. I did buy some more FIO here. I bough a little more common stock in
