The big news of the day is that gold is getting slammed. Gold tanked more than 7% to trade below $1,400 an ounce during Monday’s session. People are probably wondering how John Paulson, the closely-followed hedge fund manager who famously bet against subprime, is doing. Paulson has been massively long gold and gold-related stocks. We […]
Shares of Groupon are tanking in after-hours trading after the company missed earnings estimates. The stock was last trading down more than 25 percent in after-hours. Groupon’s stock is still up year-to-date. We noticed that during the fourth quarter of 2012 ended 12/31/2012, a bunch of hedge funds snapped up new stakes in the daily […]
Gareth Jones Technology stocks were once considered speculative because they had yet to deliver on their promise of ‘grand’ improvements in the lives of the masses. For instance, the MS-DOS operating system developed by Bill Gates and company was cool—sort of—but a major manufacturer of personal computers, such as IBM, was years away. And an application that […]
The world is changing, and nowhere is that better illustrated than in a good series of charts. Luckily, we’ve seen no shortage of excellent charts this week that amply illustrate the changes underway. The best charts this week touch on everything from a mysterious 8:20 AM trading pattern to just how bad Wall Street is […]
Tesla‘s stock is down over 9.5 percent after it reported a Q4 loss of $0.65 per share, which was wider than analysts expectations of a $0.53 per share loss. Tesla also said that first quarter cancellations are likely to remain elevated as people with older reservations for cars will have to “configure their vehicles within […]
Closely-followed hedge fund manager David Einhorn, the CEO of Greenlight Capital, added to his Apple stake in the fourth quarter, according to a 13F filing. Greenlight owned 1,582,006 shares in Apple (275,000 of those are call options) at the end of Q4, the filing shows. At the end of Q3, Greenlight held 1,040,890 shares of […]
Hedge fund manager David Tepper, the founder of Appaloosa Management, added to his Apple position during the fourth quarter, according to a 13F filing with the SEC. For the fourth quarter ended 12/31/2012, Appaloosa owned 486,476 shares of the tech giant’s stock, the filing shows. In the previous quarter, the fund held 347,768 shares of […]
Annual demand for gold in 2012 reached a record $236.4 billion, but in terms of tonnage fell 4 percent year-over-year to 4,405.5 tonnes, according to a new report from World Gold Council. Central banks, however, bought 534.6 metric tons of gold last year, the highest level in nearly 50 years. Nevertheless, investor and central bank […]