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Wednesday, November 4, 2009

Odds and ends


CSCO reports earnings after the close. My .02 cents is that CSCO will probably beat by .02. Govt. spending probably helped this name, and next we'll see coporate America open up their purse strings again.

The short interest in WYNN has really gone up, as the stock has gone down. So WYNN is a buy. 52 yesterday was a fantasy price for the bulls, and it was where the shorts should have covered.

Gold rallied yesterday, while the dollar rallied. Remember Nouriel Roubini? Who said the rally in the dollar would blow up asset prices across the board? How then, Professor, is this happening?

Remember Morgan Stanley and their knock out options?

RIG reported earnings that were .02 light. I would use any weakness to buy the stock. Here's a report on RIG that will give you the needed excuse to buy the name. Since they reported the volitility on the options will decrease.

RIG buy recomendation                                                                                                                                               

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