Archive for May, 2009

$VIX Chart, May 22nd

May 22nd, 2009 Comments(0)

So… $VIX is coming alive.

I think it can at least make it to $39-40:

  • previously strong support, now resistance
  • 50% retracement since the start of the rally back in March
  • 110 EMA — it’s not as an arbitrary number as it seems, too lazy to pull up evidence at the moment

$VIX is “playable” via futures, options or (VXX: 23.9869 0.00%).

Last time $VIX was at $40, $SPX was around 850.

may22_vix

They Are Still Pretty, Just Not Perfect

May 21st, 2009 Comments(2)

This is sort of a public service announcement, in case you weren’t aware of how much Photoshopping is done to celebrity and fashion pictures.

redbookcoveranime0707

Today’s “WTF” Stock Moment

May 21st, 2009 Comments(0)

(SHLD: 44.535 0.00%) – Sears Holding Corporation

The stock is up 22% in afterhours trading to $62.

For the quarter ended May 2, the retailer reported profit of $26 million, or 21 cents a share, compared with a year-earlier loss of $56 million, or 43 cents a share, a year earlier. Revenue declined 9.2% to $10.06 billion, while sales at U.S. stores open at least a year fell 7.4%.

Analysts’ estimates were for a loss of 88 cents a share on revenue of $10.06 billion, according to a poll by Thomson Reuters.

Gross margin rose to 28.6% from 27.3%, while inventory fell 8.2%. U.S. overhead costs fell 6.7%.

Sears is such a sad place… I digress.

Current price-to-earnings ratio is 98 to 120, depending on the source and calculation method. And here are some other stats:

shld

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