|Day Low/High||38.45 / 38.51|
|52 Wk Low/High||28.50 / 48.25|
I am grabbing some stock under $41 and tossing in some bids to sell puts.
Recent earnings reports from IBM, Intel and others suggest cloud infrastructure demand is still taking a heavy toll on IT hardware sales. That is, outside of one market.
I may have to use an index play to get more money to work.
The overall technical condition of the indices remains negative.
Certain feelings are destructive when in the mind of a trader.
The action in the indices is poor; I'll manage positions closely.
Keep in mind that strong action like this tends to create underlying support.
Despite the S&P 500 reaching an all-time high, there is some hesitancy to keep chasing.
Gigamon forecast revenue of between $31 million and $31.5 million, below its previously-stated guidance and shy of analyst expectations of $34.8 million.
Gigamon's IPO soars on its first day of trading. CEO Paul Hooper says his only challenge is managing the fast growth - not a bad problem.
Francis Gaskins of Equities.com believes there is value in the Gigamon IPO, but not in the Aratana Theapeutics IPO.