Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Groping for Support: S&P, Hasbro, Nordstrom, Intel...

By

The trick, of course, is never letting a bad trade become a long-term investment.

PrintPRINT

Editor's Note: The following content appeared on the Buzz & Banter at 12:02 pm and is being reposted here for the benefit of the broad Minyanville community.

  • The battle for 1490 on the S&P 500 resumed this morning. We're sittin' right on it as I start with bullet point one and we bottomed at 1490.63 this morning. Technicals are both art and science; in the eyes of this charting hack, the fight for 1490 today will determine the next 5%.

  • Hasbro (HAS) did a great job smacking earnings estimates this morning and the stock is flattish, regardless. I'm long Hasbro which might make Minyans mull whether or not I'm chasing my Diet Red Bulls with Hemlock this morning. The answer is "not really". I'd like Has to be ripping but the stock is on the "investment" side of my book. Trades are about momentum and catalysts. Investments are about the longer term fundamentals being better than others expect.

  • The trick, of course, is never letting a bad trade become a long-term investment.

  • What does an investment have to do to get kicked off my sheets? They have turn in atrocious fundamental performance married to no real idea on how to fix it. Which is why I don't have any positions to disclose in Nordstrom (JWN).

  • Speaking of investments, I was very impressed with Intel (INTC) CEO Paul Otellini at Fast Money's live show on Friday afternoon. Very impressive guy with his eye on the ball. His performance made me quite comfortable to be a shareholder, no mean feat on a down 400-ish day.

  • I was startled to hear that Herb Greenberg has had to flee his home in Southern California. White Light to Herb and everyone else in the area. Life is about perspective, as always.
< Previous
  • 1
Next >
Positions in INTC, HAS

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE