iShares Silver Trust (NYSE:SLV) : Took profit. Expect consolidation


Decide to close off my SLV position. It has rise up a lot in a fairly short timeframe and I think it is best to take some money off the table.

At this moment, there is nothing on the Ichimoku chart that is suggesting that the trend will change.

The leading kumo seems to be tapering off and suggest consolidation.


3PAR (PAR) : Hirings….

Interesting find I have today.

I did a search on Twitter for 3PAR and noticed among the results a number of hiring for 3PAR.

Among the job titles includes:

– Senior Account Executive

– Sales Operations Manager

– Inside Sales Representative

– Senior Planning Manager and more….(including engineering jobs)

What does this suggest?

3PAR is expanding (unless there is an untold exodus..which I doubt so). My gut feel is it is expanding to have more coverage of the market (and to improve its product further).

Generally, company size of 3PAR enjoys a culture where lots of people envy. Room for growth, in a growing market, game changing technology…. in other words, the chance of expansion is higher than replacement of talents.

At the same time, I am not sure what is the impact on operation costs.

Let’s keep this in view.


Creative : Up on Zii announcement but beware the volume

Creative share price run out almost a dollar on announcement of their Zii product.

While on the chart it looks extremely bullish (maybe a repeat of Palm), but on closer look we need to be very careful here.

Just look at the volume. High volume in this case is only about 150k to 170k. Secondly, if you look at June 22, there is actually a ‘high volume’ selloff.

So, for illiquid counters like Creative, there is a need to be careful. Daily trading volume is only around 11k.

It certainly does not require a lot of funds to push this counter up.

Look at the volume sold off on the chart for the day ending 31 July. A bullish stock will not have such high volume sell off.

2009Jul-Creative 50-800x600