Indices are in new record territory again.
S&P 500 @ 1674.63
Internals are positive
Oil Down 41 cents
Gold Down $10.90
Canadian $ Down 23 tick @ 97.37
VIX UP .15% @ 13.04
Portfolio EBAY KOG BBRY AUY
Most stocks are UP
@ 2.26 following are red :
EBAY BBRY AUY PANW AAPL POT MOS
GOOG PCLN TZA CF BIDU GG SLW
EGO AEM SNDK CSIQ MON SINA
SPWR LEN MLNX WYNN AGU
IBN FCX.....
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hey Saleem,
Given the way this new XBox is looking from MSFT, I wonder if they are considering a purchase of NFLX at all? It seems a perfect fit really.
Stocktrader
Hi Stocktrader,
NFLX could be a good fit with MSFT.
Saleem
Hey Saleem,
I looked at the way out-of-the-money calls (300s) and they're really expensive due to the recent volatility. If NFLX decides to do a secondary, I might be a buyer.
Stocktrader
Hi Stocktrader,
July $300 is only $1.63.....
Saleem
Hey Saleem,
Oh interesting. I looked at August and they were $6.50. You shave off that extra month and it saves a lot.
I think the timing part is tough because MSFT's Xbox isn't slated for release until later this year, so even a well-constructed thesis on this faces timing issues. Some kind of dip to just buy the stock is definitely more attractive.
Stocktrader
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