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Category Archives: MRVL


Cashing Out On Oil, Up Goes The Qs! SPX, Nasdaq, MA, V, DELL, MRVL, DNA, GILD, CPHD

The market was solid today; thanks to a favorable GDP report and declining oil prices. Commodities and energy plays, including the solars, were weak. Techs were strong, as QQQQ (the Qs) went back to nearly $50. Financials also showed strength today, helped partially by MA, which reaffirmed revenue guidance. MA jumped […]

Breaking Support? SPX, Nasdaq, JOYG, BUCY, MRVL, NSM

A slew of negative news put additional pressure on the market today. More problems in the wake of credit concerns revealed themselves in Thornburg Mortgage Inc. (TMA). Further, news about Carlyle Capital Corp Ltd, an European firm that invests in mortgage-backed securities, not meeting margin call requirements spooked investors about mortgage REITs. […]

Review 8/23/07: SPX, Nasdaq, NOV, GME, MRVL, GPS

The market was pretty uneventful today. Well, actually, it was volatile! But, if you’re keeping cash and not doing much when the market is unstable, like I am, it becomes “uneventful”. We closed only one trade today, on NOV, for a +32% gain:
NOV Sept 120 calls, NOVID, at $4.5, +32%
But, it does […]