by OptionPundit on May 3, 2010
Goldman Sachs (GS) is down $40 since April 16th; How much more it has to lose? Anybody’s guess is probably better than mine. Regardless of whatever I think, I guess they are too big, powerful and connected to go under. With that bullish bias, here is a trade idea that potentially can deliver excellent results [...]
by OptionPundit on April 15, 2009
Harley Davidson (HOG) will be announcing results prior to market open tomorrow. The expectation is to deliver $0.52/share. While it can always turn tables around to beat earnings (via price increase etc), I would like to play bearish on this. Fine, I agree that it has a very loyalist customer base, the expectations are already [...]
by OptionPundit on March 16, 2009
So we had a good rally, and two 90% up days along the way. An excellent week for Bulls. There are two schools of thoughts. One, it may feel like,oops..I missed the rally. Probably “that” was the bottom and since I don’t want to miss the “value”, I better get on-board quickly. While other thought [...]
by OptionPundit on December 16, 2008
Johnson Controls (JCI) said it is withdrawing its 2009 financial guidance due to “the rapid decline in global automotive production and uncertain industry conditions.” It paints pretty bad picture for the automotive industry for both US and Europe. Johnson Controls issued financial guidance on Oct. 14 that was based on 2009 assumptions of 12.3 million [...]
by OptionPundit on June 29, 2008
Tough Markets, the worst June for Dow since the great depression of early 30s. The Dow is down nearly 9.5%, S&P500 nearly 8%, RUT nearly 5.5% and Nasdaq nearly 7.5% for the month of June so far and we still have one more trading day left. Dow Jones industrial average is down nearly 20% since [...]