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We walked away from the Garmin (GRMN) April 37 put option yesterday with a 23 percent loss as the stock was displaying excellent relative strength the face of broad market weakness. That suggested to us that, despite its questionable valuations, Garmin was not ready to breakdown. In place of the… Read More
Sell to close the Garmin April 37 put option at the market. Buy to open the Gap (GPS) March 18 put option, using a limit order to pay no more than $1.25 per contract. Read More
India abruptly backtracked on plans to allow international supermarkets and department store to enter the market. The surprise move, announced on Wednesday, suspended a previous Cabinet decision that would have allowed foreign companies such as Wal-Mart Stores (NYSE: WMT) to own 51 percent of multi-brand supermarkets operating in India. Speaking… Read More
Volume 8 Issue 49 Read More
While we’re cautiously optimistic about the stock market’s near-term prospects, we still want to maintain some exposure on the short side, with an emphasis on stocks that should fare poorly, regardless of overall market conditions. Earlier today we added the Garmin (GRMN) April 37 put option, which can be… Read More
Buy to open the Garmin April 37 put option. Use a limit order to pay no more than $3.25 per contract. Read More
The People’s Bank of China announced on Wednesday that it would cut banks’ reserve requirement ratio–the amount of money banks must hold in reserve and therefore not lend out–by 50 basis points to 21.5 percent. The move to ease the country’s tight domestic liquidity conditions came sooner than expected and… Read More
Volume 8 Issue 48 Read More
We continue to recommend using any dips to add to the SPDR Gold Trust (GLD) and iShares Silver Trust (SLV). Gold miners are a bit trickier since they would sell off in a general market decline, but they offer the potential for leveraged gains should precious metals continue to… Read More