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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)

Post Tags: 
DELL, GLD, USO, TST
Interesting day for the markets, gold and oil continue to fall
Stock Ticker Symbol: 
GLD
USO
TST
DELL
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Comments

jorgecaj
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Joined: 2012-05-22 19:19
I think you are wrong on GOLD. Deflation will be fought by the central banks especially the FED. Once the June job numbers come in They will act to reflate this economy and up will go GLD. Yes it may drop a bit more, I doubt it will break last weeks low. If it does it will not be buy much. I bet we see 170 before we see 140. Im giving you 10 extra points on that bet. email me umb0525@yahoo.com
jorgecaj
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Joined: 2012-05-22 19:19
Hi Robert how is your booty from the beating you are taking in your gold short. Hurts doesn't it.
Robert Weinstein's picture
Robert Weinstein
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Joined: 2011-09-04 15:17
Hi Jorge, Thanks for reading and keeping track of my blog. I would agree it would hurt if I was short gold. I am currently flat (have been for months) in gold and equity. I have some long positions in equity in managed, but not personal. Feel free to comment and also to post your trades as well. Have a great weekend Bob