Shorting MDT

BellaGeneral Comments, Mike Bellafiore's (Bella's) BlogsLeave a Comment

We make trading decisions based upon three factors: intraday fundamentals, Reading the Tape, Technical Analysis.  I traded MDT today using all three to start two shorts.  These are trades that if I made 1000 times I would profit. Intraday Fundamentals We trade stocks with fresh news.   Today we had new news with MDT: Co issues downside guidance for FY11, sees … Read More

HPQ BIDU and some JAZZ

BellaGeneral Comments1 Comment

Well its slow out there. This AM there were only a few stocks with fresh news. JAZZ was one of them. HPQ and the proposal of them potentially buying PAR was another. So I traded both. As I write I am also short BIDU. Let me share my thinking. JAZZ From Briefing.com: Jazz Pharma shares trading 30% lower following Friday’s … Read More

My CREE Trade

BellaMike Bellafiore's (Bella's) Blogs6 Comments

About two hours ago I tweeted: $CREE near 60 huge R level @biggercapital responded: would like to hear your what if scenarios RT @smbcapital: $CREE near 60 huge R level And then came @readerfinance: would like to hear your what if scenarios RT @smbcapital: $CREE near 60 huge R level: would like to hear your what… http://bit.ly/dodYtu At SMB we … Read More