Short players (usually like me) LOVE a volatile market for monster swings. WARNING: plan right or you’ll get kicked in the balls! Personally, I’m approaching with caution, still holding my longs & looking for good entry points to watch for, then plan a strategy to get out. Loving $FSLR right now again… an old favorite, but it’ll whip around and bite, so be wary especially if you play an option. Been busy with work, but I’m still watching.
It’s rare when the tech and/or fan blogs comment on stock prices, but here we are. With a great day in market & fresh news that Apple (AAPL) will begin pre-orders with their new iPad rings in their best market day in history. I’m not a fan of the iPad, however enough “fanbois” out there obviously are willing to plunk down their credit cards for one of these.
AAPL hits intra-day all time high, headline writers scrounge thesauri for ‘stratospheric’ synonyms.
I’ve held Actvision Blizzard (ATVI) long before, waiting for a move north because of a hot game coming out; Call Of Duty: Modern Warefare 2. Game went on to break sales records when it launched back in November 2009, but developer Infinity Ward was recently launched from Activision. Hard to say what developer can replicate the success of this franchise the next round, however Activision will enjoy continued success with DLC or “Down Loadable Content” at a price of course. With a pending lawsuit against Activision Blizzard from Infinity Ward, it’ll be interesting but worth a watch since more new games will be debuting this year with more promise for profit for Activision.
I’m also going to keep an eye out for shippers like FedEx & UPS, however don’t dismiss marine transporters either like DRYS. I’ve made quite a bit of gains last year with the casinos, namely MGM & WYNN. Retail recovery is imminent this year and gaming is no exception.
Watch your longs… especially within the next week or so. Housing & employment data is trending down, as is consumer confidence. Let’s look at some puts for April.
via Seeking Alpha
