It has been astounding to see the fever pitch negativity in the media about a company that is involved in the most promising technology trends of the next decade. Camera drones as well as three dimensional and virtual reality cameras are all currently under development by action camera maker GoPro. The company initially fared well […]
Monthly Archives: January 2016
January
16
Steve Wynn Burns The Shorts
posted by Chris
Wynn Resorts pre announced Q4 2015 earnings yesterday, 3 weeks earlier than expected. Results were relatively in line with expectations, which surprised investors and sent WYNN up 13% by the close. The stock built up a short interest of nearly 20% in the last few months, sending bearish speculators rushing to cover their positions. Las […]
January
06
China Devalues Again
posted by Chris
The People’s Bank of China struck another blow to global markets on Tuesday night, resuming the devaluation of the Yuan after Monday evenings China Caixin manufacturing sentiment report showed the economy is contracting at its fastest rate in 17 months. S&P 500 futures fell 1% immediately after. The devaluation also came after the Shanghai Composite fell by […]
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