Friday, April 20, 2012

Friday Evening Thread

Do you know these faces?
This weekend one of them could be elected
It will likely have a significant impact on our markets and definitely make a big difference in Europe.

One of them wants to put the marginal tax rate at 75% and make a big increase in the minimum wage. 

Friday Afternoon Thread

Do you feel lucky, punk?


SWHC daily chart (11:50 AM)
Lots of talk about RGR lately but don't forget about Smith & Wesson.  It's moving through volatility squeeze and could be ready to pop or should I say BANG!!!

Friday Morning Thread

MLNX daily chart.
Short squeezes happen. MLNX reported better than expected earnings on Thursday morning. They also upped their guidance. And there were at least 2 analyst upgrades Thursday morning. Add to that, at last report, the short interest ratio was 8.20, meaning 8.20 days of average daily volume to cover the short interest.

MLNX trades about 250,000 shares per day. It traded over 5.2 million shares today and was up a whopping 52%. Trade 'em if you spot 'em. You know the algos were in there.