What is a Penny Stock? A stock that trades at relatively low price, usually outside of the major market exchanges is called a penny stock. In the US, the SEC defines a penny stock as a security which trades below $5 per share. They are traded over-the-counter on the OTC Bulletin Board, or Pink Sheets....
$GLD is a weird instrument to trade. It just seems to trade without much logic. I honestly think GLD trades more on emotion than its intrinsic value. The notion of GLD being the safe haven is what drives the prices higher every time there is some uncertainty in the market. We did some digging on...
So the triple top pattern that I mentioned previously played out pretty nice. Even though I did not play the downside, I am happy my ass didn’t get chewed out when the market started to fall apart. One thing we all noticed that market actually held really well last week even after the terrible storm...
Last was IMO was proceeding in a bullish way in the first part of the way. While $QQQ was showing real weakness, financials ($XLF) & $SPY continued to put up a strong face. However $GOOG dropped the bomb during the day on Thursday and that caused wide market drop. While the drop seemed mild on...
15 Oct 2012
Posted By: Punit GuptaUnder: Stock Strategy
Earnings season is upon us and stocks have been under pressure for past couple of weeks. Many stocks including $AAPL and $AMZN recently broke their 50 days support point which is usually quite bearish for the short term. $GOOG seems to be heading towards that way as well. This week is quite special in terms...
These two scripts are weighing heavy on trading as well as investment sentiment these days. The recent rally in the US markets saw these two stocks moving in the opposite directions. Now, this trade looks to be over extended, both for Apple which is in a bull market of its own, and Facebook which has...
This might seem a bit weird to short term investors who may be gearing up to buy the apple stock right before the most awaited launch of the year. Retail investors are often sucked up in such hype, but short-sellers are wickedly smart. Short-selling AAPL at current levels is going to be a very tuff...