Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
1 for 3 tonight for those who enjoy betting (and that’s all it is) on earnings. Priceline has been all over the place post report, from the $660s to $720s but as I type is middle end of that range. However, we can be sure the guys on Fast Money tonight bought it at the low in after hours, flipped it, and are back short 
Because stocks that move $20 in 90 seconds are of course simple to trade. The Monster quarter was solid but almost no companies are holding their gaps in this market, so we’ll see how that name holds up the next few days. Cisco is probably the most important economic tell of the three, but will get the least attention – not a great quarter there.
As for the market it is another close below 1357. Since we are back to the era where we gap up or down each morning by a significant amount, who knows what that means.
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
