February 17, 2011

New positions Initiated (FTEK), Added CLDX

February 17, 2011

Initiated new long position:
Fuel Tech Inc. FTEK @ 8.02

Added to CLDX call options when
Celldex Therapeutics, Inc CLDX equity was at 3.58

February 14, 2011

Celldex sees a Spike

Celldex is seeing some bullish action today with a volume spike (~10k shares) during the day.

This was accompanied by a rise in option volume with over 90 march $4 calls being traded and large open interest in $4 and $5 march calls. A point of concern however is that there seems to be large Ask vs bid for the calls - so it might indicate a large stock buyer trying to lower the cost by selling costs.
CLDX is reporting earnings early March.

Disclosure: Long CLDX

February 4, 2011

Smart but Risky Trading

  • Identify stocks that have good fundamentals (decent balance sheet, steady improvement in eps or constant over multiple quarters etc)
  • Look for those with high short interest among these.
  • Now look for news, estimates and clues etc. Read general news in the sector, other news that might affect the business's future earnings etc.
  • Figure out which stocks might have a higher chance for surprise earnings. Look also at technical cues from volume trading
  • Pick the few best ones, decide a good trading strategy for all scenarios: Rise, Fall and Sideways.
  • Once the plan is ready, then and then only, trade the plan.
  • Do not trade it in the first 15-20 mins of the day (too risky).
  • Make sure triggers are met. Also make sure that your stop losses are in place with limit losses

February 2, 2011

Tesoro (TSO) Earnings Release today

Tesoro Corporation (TSO) will have it earnings announcement today Feb 2, 2011 (after market close). Average analyst estimates point to $ -0.07 (7 cent loss) per share. This blogger is going to go out on a limb and predict a smaller loss at -$0.01 (1 cent loss) per share. You can listen to their webcast tomorrow morning at 730 am CST here

In effect, Tesoro beats estimates!! We will see what happens. Make your hedged plays (as the stock trading has been bullish in the last several days). Most likely, there will be a pop tomorrow. Keep your fingers crossed!

Info on webcast:
via phone by dialing (800) 599-9795 (international dial-in: (617) 786-2905), passcode 11319274. A telephone replay of the call will be available for one week, and may be accessed via phone by dialing (888) 286-8010 (international replay: (617) 801-6888), then entering passcode 43402853.

Join the Discussion