February 6th: Ed’s Daily IRA Summary   8 comments

NNVC: -0.13 to $4.47 ( -2.83% , 75.98% overall)– bought at $2.54
SIRI: 0.02 to $3.45 ( 0.58% , -5.99% overall)– bought at $3.67
SPXU: -2.75 to $67.17 ( -3.93% , -4.45% overall)– bought at $70.30
SQQQ: -2.47 to $60.84 ( -3.90% , -4.94% overall)– bought at $64.00

OVERALL: -1.42%

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Posted February 6, 2014 by edmcgon in Open Thread, Portfolio

8 responses to “February 6th: Ed’s Daily IRA Summary

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  1. Sounds like telecommunication companies are scared to death of not only Google but community owned infrastructure coming.

    http://www.infoworld.com/d/the-industry-standard/big-carriers-go-political-kill-local-broadband-235797?page=0,0&source=IFWNLE_nlt_daily_pm_2014-02-06

    But AT&T, which owns about 20 percent of the poles, argues that because Google isn’t a telecommunications company, it has no right to use telecommunications equipment, according to the Austin American-Statesman newspaper

  2. daily p/c ratio and volume:

    DIA: 0.74, 56.7K
    QQQ: 1.02, 302K
    SPY: 1.54, 1.65MIL
    IWM: 1.76, 305K

  3. Generally more call volume is good on a move up. But as a secondary indicator it needs to be looked at more on an aggregate basis than day by day. Like most technical analysis you need a lot of backward looking data to see the clues. Remains to be seen exactly what it’s saying. Volume could come in heavier on either side the next few days.

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