Wednesday, July 2, 2014

STZ - sitting on the fence

My comments on the article -
http://seekingalpha.com/article/2297565-constellation-brands-stz-ceo-rob-sands-on-f1q-2015-results-earnings-call-transcript

The stock has almost doubled from $50 to close to $90 plus today. Nice run as with any other stock due to the bull market. Strong performance and I like this stock. Not sure if I am a buyer at this level. I prefer to sit at the fence for now.

QCOM nice trending stock

My comments on the article -
http://seekingalpha.com/news/1828945-qualcomm-buys-wigig-chipmaker-wilocity

QCOM has been consolidating at this level for a long time, what a beautiful  chart if you look at the weekly timeframe over 1 year.

Consolidation at this level is a good sign for more upward movement. Good stock.

GM keeps going up despite the recalls

My comments on the article -
http://seekingalpha.com/news/1828975-gm-gains-opportunity-from-recalls-customers-find-it-a-good-time-to-buy


Had commented on GM. Nice article. It is true that despite so many recalls, the stock is not reflecting it and it keeps going up.

GM is definitely a good stock and even after so much of recalls the stock does not reflect it and the market still shows confidence in this brand name. GM has definitely taken a step in the right direction, how it will impact in short term, may be consolidate, but longer term this stock is positioned well to outperform the market. I like it but would like when this noise is behind the stock.

BAC article - did they fire the right people?

My comment on:
http://seekingalpha.com/article/2296915-bank-of-america-has-been-dead-money-for-20-years-did-they-fire-the-right-people

Very well written article. It will always be up for debate - did they fire the right people?

BAC looks good technically here at 15.5. Though I am not a buyer of this stock since there are better valued bank stocks that I prefer like JPM and WFC.

NFLX article and upgrade by GS

My comment on NFLX

http://seekingalpha.com/article/2296985-netflix-no-great-risk-reward-opportunity-after-goldman-fuels-momentum

Nice article, definitely has a lot of upside but Netflix also at it's peak of 440, cannot buy here. The ideal place to buy was few weeks back when it had fallen to 300 level. It is time to book profits here.

BAC good buy?

My comment on this article:
http://seekingalpha.com/news/1827165-bofa-boosted-by-upgrade

BAC looks good technically here at 15.5. Though I am not a buyer of this stock since there are better valued bank stocks that I prefer like JPM and WFC.

Agree with the article that this might still go to 18 or higher in near future.

DAL short

DAL was a good short play that I called out live in twitter and stocktwits at 9:31am. I added to the position when it was in my favor and added quickly exiting when I saw it may turn around. I got an easy 3.5R in profits within few minutes. I could have held the last 1/4th position for a bit later but I exited the trade due to the bullish nature of the market.




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