Rosetta Stone was planning on doing a secondary this week - well they are not going ahead with it. The company lowered earnings guidance for the next quarter by about 25%, stock down $6.85 - ouch. This would be one to watch in my opinion if it rallys back anytime in the near future I would look to sell call options as the secondary offering looms and the momentum has been solidly broken.
The SPUZ are sitting around down 26 bucks on the day, will the bulls be able to rally em on the close?? Hard to fade that as a possibility.
Im still not doing much today, either you had the right position today or not - for the first time in a while I had the right position coming in.
Notable losers today are AAPL, GS, REITS (SPG), FCX.
Notable winners HURN and all PUTS.
JB
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