Dell Dumps On Earnings In After Hours, Facebook Continues To Move To Fair Value (lower), and Gold Breaks Three Day Streak
It's a tough after hours trading day for investors of DELL, the company missed on the key metrics and now the company is worth about 12% less.
Gold broke its three day dead cat bounce off 2012 lows. Look out below as oil (USO) moves lower. Gold selling will likely gain momentum from lack of belief by the gold bugs that any drop in gold prices mean anything other than a buying opportunity. Welcome to a deflationary market folks, fasten your seatbelt and buy shares of MO if you want downside protection. Gold has the makings for a case study on mob reaction.
Facebook is unliked by the investing world today once again. Three solid hard-core days of falling, perhaps $30 will hold support. I doubt it though, and will look for $25 to buy as my top most consideration price.
Apple's pullback today signals another chance to jump on board. I wrote an article for TheStreet.com (TST) about solar and the new import tariffs faced. Bottom line is to stay away from solar. Check out the article tomorrow on TheStreet for further color with solar.
Speaking of TheStreet.com (TST) I plan on buying more shares in the company this week or next. I currently hold a small position although I tried to buy more. My limit orders have twice been hit by MMs for one share (causing my order to fall off the NBBO). Good job guys, this is why the rest of the world wants to move to electronic trading and send you off to work at McDonalds (sorry, no offense MCD)