JPO Trading

Thursday, June 3, 2010

Day´s Summary $VMW $FCX $CRM

Market went nowhere really. Early in the morning bearish comments by $FCX about china (and overnight China actually fell) reported by bloomberg and fair enough $FCX fell 4% .

Balmer from $MSFT included $VMW as one of the four "enemies" and UBS reiterated buy and upped price target to 75 from 64 , and it crushed me going up 7% as well as $CRM.

$BIDU went nowehere , neither did $APPL. Closed my short APPL.

Banks underperformed. $DIS corrected, and the euro was very weak...close to lows.

Wednesday, June 2, 2010

Underperformers of the day

The following behaved according to post title : $HD $LOW $MMM AAPL $VMW $DELL
In fact market was basically lifted by financials and mainly energy related stocks...$OIH up 6%.

Outperformers: $DIS $DE $AXP

Shorting $DE

Had to short $DE. Up 4% AND at point of maximum outperfomance against SP500...just have to decide now if pure short or against SP500.

What´s up with $DIS

$dis outperforming sp500 by 2% today on remarks by ceo on park bookinks continuing to trend upwards...will keep an eye for possible short versus market.

funny

$HD outperforming

Keeping an eye on $HD for a short against sp500

Tuesday, June 1, 2010

What´s down $JNPR ?

5% underperfomance by juniper seems a bit much. Only news was downgrade by UBS.

Bank stocks cheap?

This article makes a case bank stocks might be cheap...i do not agree...will expand on this later.
http://dealbook.blogs.nytimes.com/2010/06/01/do-hedge-funds-have-it-right-on-bank-shares/

$AAPL cheap?

Apple is up this morning while futures are down 1%...everyone upgrading them due to good overseas Ipad demand...looked at it with intent to short it...but I was surprised it actually is NOT expensive. Assuming a conservative $15 per share x 15 = $225...and it has $25 in cash...currently trading at $258, so definitly not in bubble territory....do NOT short it.