Going to try and play dollar general today for earnings. I tried to play America Eagle yesterday. Never got filled. Which makes me sad because I would have made about a buck today on the options trade I tried. Ah well. Murphy's law says, since yesterday's trade would have been a winner and I didn't get filled, today's trade is a sure loser because I did get filled. We will know tomorrow.
Podcast theory about why tech stocks are down: Trump will clamp down on work visas, which will affect tech companies hiring Indian workers. We'll have to wait a bit for confirmation, if indeed tech companies start losing their margins. Or this might just be a normal pullback, e.g. GOOGL weekly chart showing a divergence, FB running along the top of its channel for so long, etc.
Also, if sessions is appointed to attorney General, he will definitely crack down on the H1B visa. People don't realize the power of bureaucrats. The immigration laws of the USA are really freaking tough. It's the policy that has eased. Tighten up the policy and you'd get some very large changes. Here's something else to consider about the markets. Several English tabloids, key word, are reporting Russian troop build up on the Ukraine border. Id say it's silly to imagine. But then, they took over Crimea without much push back. And soon Obama will be gone. So, why not?
I sold options. So this morning I had to buy them back. I put in an order to buy them back for 65 cents. I got immediately filled and it said I was filled at 51 cents. That's a 14 cent gain for me for nothing. When I get home I'll go into the platform and verify this. But I've never had that happen to me before. I usually get screwed.
Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO http://www.streetinsider.com/dr/news.php?id=12303078
