I had CA report last night, the report seemed pretty uneventful. Tonight SYNA, CBI & KLAC report. Hopefully some good news. I am not batting that great so far this earnings season. RCII was off a bit. SNDK was off the first day, but has since recovered. Certainly no blowouts. I am having a decent week, but need another 2 or 3 like this one just to crawl back to break even. The GTAT BR really put a big hole in my results.
I have only made one transaction this week. I rebought VEC at $19.71 on some heavy selling (I expect by institutions) at the start of the week. Recall these spin offs often sell off early as a lot of Mutual Funds and ETFs may not be allowed to hold them per their bylaws. That early price pressure is something smaller investors can take advantage of. VEC seems like a solid (if boring) company and is expected to earn well north of $2 a share. Seems they should be worth $245 to $25.
Also spin offs often prosper as they can focus more on what they see as important issues as they are no longer part of a larger company.