Mixing It Up
We have mixed results from earnings, mixed economic data this morning and mixed reactions from traders.
Results from my earnings trades from yesterday have been mixed as well, with Ancestry.com (ACOM) being the big winner, although I've now closed that one out. Citrix Systems (CTXS) is also a big winner for anyone who went long or went with a similar spread trade to what I was considering. In the end, I didn't jump on that trade, so I am just an observer. Akamai Technologies (AKAM) proved a disappointment, while Crocs (CROX) is sitting just a few pennies shy of breakeven. When you total it all up, the results are similar to today's action -- that is, a few big movers but not much change in the bottom line. I do believe Crocs is heading to $19.50, and my other crazy mental concoction is the belief Apple (AAPL) may actually be heading for a pin at $600 tomorrow....352 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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