Marvell (MRVL) this afternoon told investors on a post-earnings conference call that it expects to report revenue for its fiscal fourth quarter ending in January of $690 million to $730 million, short of the Street consensus of $736.7 million. That is down 14%-18% versus a year earlier, and off 8%-13% sequentially. The company expects non-GAAP profits for the quarter of 14-20 cents a share. The...
Results 1 - 10 of 1558 for "HORT"
The Arms Index or TRIN is an indicator that I watch closely for short to intermediate-term setups. The indicator which combines ratios of advancing issues to declining issues and advancing volume to declining volume is a reasonably reliable contrary signal. Since mid-October the Arms Index has been generating a number of historically high signals. In the chart below, I used a 10 day exponential...
MySpace co-founder sees killer deals for established players that can purchase cash-strapped startups
Tue, Dec 2, 5:00 PM ET
Filed under: Next big thingNot long ago, the sentiment of Web 2.0 startup founders was fairly consistent. Basically, the IPO market would come back; the online advertising market would continue to grow; and valuations would continue to escalate. Well, it looks like things have not gone according to plan. If anything, it looks like we are seeing the return of the dot-com implosion. However, this...
Darn, those stocktwits people sure do love UltraShort Financials ProShares (NYSE: SKF). It came out on top of their list today, so of course I had no choice but to select it again. Sigh…. But, as you can see, performance is quite good. Check the end-of-trend indicator at the bottom, which gave many good clues about when to exit the positions. So, by my scorebook, I count the first two sho...
OmniVision (OVTI) this afternoon warned that results for its fiscal third quarter ending in January will be much lower than the Street had been anticipating. For FY Q2, the image sensor company posted revenue of $163.9 million and non-GAAP profits of 19 cents a share, close to the Street consensus of $166.4 million and 18 cents. But the guidance, oh my. OmniVision now sees revenue for the Janua...
Filed under: DJIAWhile Bill Gross is big-time bond trader for Pacific Investment Management Co., he also has some interesting takes on the equities markets. Unfortunately, his views are fairly pessimistic. According to Gross, the stock market can be somewhat nuanced. In fact, he compares it to a "fragile flower where price is part perception, part valuation, and part hope or lack thereof." In h...
I have feelings and they are tingling and they are telling me to be short for tomorrow. I’m taking a heavy position. Hopefully that tingling is not my toes from sitting in the same position too long. Today the market almost went flat, but it was very VERY important that the market closed up and closed up as much as its doing right now - Dow 200. If the market had closed flat or down, then...
Hedge funds have had a lousy year, losing an average of 10.8%. But two hedge funds -- big winners in 2007 -- kept making money this year as well. Meanwhile, those two winners mask an awful lot of losers who will probably find their way into oblivion. The winners for 2008 (at least through September) are run by James Simons (a math genius whose money-making techniques elude explanation) and John...
I just covered my second short unit at 835.00. The short term trend is still downward but strength above 840 tomorrow would change my mind about this.
A reader recently asked me to give a look at the German DAX Index in terms of a possible Elliott Wave Count to see how it related to the US Equity Indexes. Here is my preferred count on the DAX Index on both the Weekly and then zooming in on the fractal Daily Count: German DAX Weekly: The DAX Elliott count is very similar to that of the S&P 500, with the exception that the topping process ...