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MercenaryMike

Mike McDermott

Joined Sep 02, 2010

http://MercenaryTrader.com

Half of the dynamic duo that is Mercenary Trader. Trading style - long / short equity with a global macro overlay. Specialty - small caps & IPOs. McDermott's maxim: "It's not about pride or ego. It's only about money."

  1. MercenaryMike
    $CHK challenging recent breakout after so-so earnings and cautionary conf call - still holding above key 50 EMA
  2. MercenaryMike
    $CAKE off sharply on poor forecast - interesting, the disappointment isn't affecting group ($CMG, $PNRA, $DRI, $PFCB)
  3. MercenaryMike
    $NUAN http://stks.co/2UXm gap & crap candidate breaking EMA support - IBD 50 status sets up sentiment shift
  4. MercenaryMike
    $MNST - I have a hard time justifying a forward PE of 30 - breakdown after 2/1 stock split could be juicy (pardon the pun)
  5. MercenaryMike
    $ROST http://stks.co/2UUt five week compression at top of range - breakout would turn some heads
  6. MercenaryMike
    China reserve requirement decision (http://stks.co/2UQm) looks like good news for base metals - $SLX, $JJC
  7. MercenaryMike
    $CCJ http://stks.co/2NC0 found support in Q4 - now consolidating for continuation breakout...
  8. MercenaryMike
    $SLX http://stks.co/1rVp strong breakout from wedge pattern: Watch $X, $NUE, $MT, $STLD for setups
  9. MercenaryMike
    $NFLX has now effectively filled the October gap - still premium multiple and poor business - looks like attractive short
  10. MercenaryMike
    WSJ says Swatch seeing no drop in demand - doesn't fit w/ $TIF warning - is this $TIF specific issue, not general retail?
  11. MercenaryMike
    $TIF - volatile Q4 stock market had affluent consumers spending less - $TIF cuts EPS forecast, stock falls 7.5% pre-mkt
  12. MercenaryMike
    Long & short trade ideas after December Retail Sales: http://stks.co/1p61 $AEO, $KSS, $ROST, $COH
  13. MercenaryMike
    @howardlindzon good piece, but there is more divergence between spenders (apparel, restaurant, travel) - I don't buy "consumption equality"
  14. MercenaryMike
    $GRPN http://stks.co/1klc second time to break $20 IPO px - & on a bullish day - original buyers exiting
  15. MercenaryMike
    @howardlindzon Retailers have to decide who to cater to - more competition both for luxury and discount retailers
  16. MercenaryMike
    @howardlindzon I don't think "end of retail" but major transition to account for disappearance of middle class (barbell)

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