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Monthly Archives: March 2015

Red Hat Jumps 10 Precent! RHT, BIDU, CELG, SWKS, LULU, AMGN

The markets have been really volatile this week.  Selling pressure mounted late Tuesday.  On Wednesday, stocks were in a free fall.  We had positions on both sides, and we quickly added puts on Wednesday morning.  We also kept a lot of cash, which allowed us to react to the market’s sharp sell-off. Our BIDU puts [...]

KITE Flying High! KITE, JUNO, BLCM, BLUE

Shares of Kite Pharma, Inc. (KITE) popped nearly +16% today, after the company announced acquisition of a privately held Netherlands-based biotechnology company, T-Cell Factory B.V.  This may not have been the only reason.  Juno Therapeutics (JUNO) said today that it expects to have 10 product candidates in clinical development directed at six different cancer-associated antigens.  [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, BTK, XLE, SOXX, GS, BAC, WFC, JPM, STI, PNC, MA, V, C, EOG, APA, APC, HES, OXY, NOV, RIG, DO, BIIB, CELG, AMGN, REGN

Last weekend, in my Market Forecast, I said, “For the new week, I think we will see more volatility. For SPX, 2070 is a support, below which the next support lies at 2050. Nasdaq has support first around 4900, then at around 4850. This could be a struggle. There will be profit-takers locking in big [...]

Financial Stocks Up After Market: ACT, INTC, MYL, ICPT, GEVA, KITE, AXP, C, GS, MS

After market today, banks traded higher.  Fed has approved plans by various banks to raise dividends and buy back shares. After the market, C jumped +2.62%; MS popped nearly +3%.  GS and AXP also traded up.  AXP announced a $6.6 billion share buyback plan. After Tuesday’s steep selloff, stocks struggled to find footing, ending the [...]