"There You Go Again!" - Seasoned readers will remember that quote from Ronald Reagan. ORCT is at it again, up another 38 cents this a.m. on stronger than average volume. Not sure what is driving it, either rumors or some accumulation by institutions.
ANF reports their earnings this evening after the market closes. Yes, I am nervous.
It is the end f the day. It was a monster day fo my MFI portfolio, up 1.77% compared to the IWV +0.77%. While traveling, I can't run my normal charts as I don't like to log onto my brokerage account anywhere but home... but I think I am only about 5K behind the benchmark now.
OVTI has takeover rumors (OmniVision up on takeover speculation).
ORCT ended up 11.7%. I am now down just 2% on a stock that used to be down over 40%.
ANF had their earnings (Abercrombie & Fitch posts higher quarterly profit, sales). The stock is down about 4.5% after hours. I will dissect the numbers later but on the surface they look good.
- $1.11 eps vs $0.79 last year.
- Same store sales up 5%.
- For the year they forecast $4.59 to $4.65 eps.
My purchase of CLE last week in my sidecar is looking savvy so far as it is up 6% already. The TRLG sidecar purchase looks less savvy as it has down about 5%.