Friday 27 July 2012

Weekly Update: Sprint Nextel Corp. 65% gain since uptrend confirmation

Cisco Systems Inc. and Avon Products Inc. are still in a downtrend, no sign of a reversal as of yet.
Sprint Nextel Corp. is still in a strong uptrend, initially identified 2 months ago and The Wharf (Holdings) Ltd in a mild uptrend.
Chesapeake Energy Corp. is trading above last week Sell Stop price of $17.20 so the uptrend remains valid.
Netflix Inc. recently confirmed uptrend has been cut short by the not so good earnings and outlook announced a couple days ago; therefore a Sell Stop has been set for next Friday at $58.92.
Last week newly confirmed uptrends are still valid for CNOOC LtdSuncor Energy Inc. and Cheung Kong (Holdings) Ltd .

New Uptrend triggered today:

New Downtrend triggered today:

                                                Update on the previous positions


  Buy Sell ShortBuy to Cover27-JulGain/Loss
USDate Date Date Date   
Cisco Systems, Inc.    5/4$19.12  $15.6921.86%
Avon Products, Inc.    5/11$20.19  $16.1724.86%
Sprint Nextel Corp.5/25$2.62      $4.3164.50%
Chesapeake Energy Corp.7/6$20.04      $18.46-7.88%
Netflix Inc.7/13$84.90      $58.92-30.60%
CNOOC Limited (ADR) 7/20$202.75      $201.25-0.74%
Suncor Energy Inc. 7/20$30.07      $31.705.42%
           
           
           
CANADIAN          
SNC-Lavalin Group Inc
7/27$39.93      $39.930.00%
           
           
Hong Kong          
Wharf Holdings Ltd (4:HK)7/6HKD 45.30      HKD 43.05-4.97%
Cheung Kong (Holdings) LTD (1:HK)7/20HKD 102.00      HKD 100.30-1.67%
HSBC Holdings plc (5:HK)
    7/27HKD 64.15  HKD 64.150.00%

Wednesday 25 July 2012

Growing pains for Netflix Inc.

Again, investors are trading on emotions as Netflix Inc. seems to be on a freefall since it announced its 2nd Quarter results and gave some not so great outlook for the next couple quarters.
The company is mainly loosing the previously strong new members addition which can be explained by its bigger size and the competition in that market; but is still increasing its total number of subscription.
The 2nd main issue is the high amount of expenses recorded which may have been caused by the continuous global expansion which should decrease as it gains presence in most key countries.
Taken in this context, a year from now the company should start recording much better earnings.

But for now, isn’t it a bit overdone for the stock to trade below $70 from above $250 a year ago?

Friday 20 July 2012

Weekly Update & New Additions

Google revenue rises 21 per cent Buy to Cover completed at $610.82 as Google traded today well above the previously set price of $585.98.

Crude Oil (Sweet) price has been on a continuous rise over the past week and has now triggered the completion of a Buy To Cover at $91.44 as it trades above the set price of $87.05.

Cisco Systems Inc. and Avon Products Inc. are still in a downtrend.

Wharf Holdings and Netflix Inc. are still holding their uptrend position.

Sprint Nextel is still displaying an ongoing uptrend and has now reached close to 40% gain from the time the trend was identified.

Chesapeake Energy the unexpected 6% drop today has triggered a Sell To Cover at $17.20 for next Friday.

Best Buy Co Inc.: after a consecutive two week decline has failed to rise above $19 so a Sell Stop has been completed at $18.23.


New Uptrends triggered today:

                                                                             Update on the previous positions

  Buy Sell ShortBuy to Cover20-JulGain/Loss
USDate Date Date Date   
Google Inc    5/4$596.007/20$610.82$610.82-2.43%
Cisco Systems, Inc.    5/4$19.12  $16.3616.87%
Oil Crude (Sweet)    5/4$98.497/20$91.44$91.447.71%
Avon Products, Inc.    5/11$20.19  $15.7328.35%
Sprint Nextel Corp.5/25$2.62      $3.6639.69%
Best Buy Co Inc.7/6$21.59    7/2018.23$18.23-15.56%
Chesapeake Energy Corp.7/6$20.04      $17.20-14.17%
Netflix Inc.7/13$84.90      $81.82-3.63%
CNOOC Limited (ADR) 7/20$202.75      $202.750.00%
Suncor Energy Inc. 7/20$30.07      $30.070.00%
           
CANADIAN          
           
           
Hong Kong          
Wharf Holdings Ltd (4:HK)7/6HKD 45.30      HKD 43.90-3.09%
Cheung Kong (Holdings) LTD (1-HK)7/20HKD 102.00      HKD 102.000.00%