Updated from 12:06 p.m. EST
As the major indices pulled back from technically overbought conditions, negative earnings forecasts from
and weak same-store-sales data from various retailers fueled the basis downward this week.
That said, there are still plenty of opportunities for nimble traders in this week's
was a massive outperformance for readers as our two long ideas,
Robbins & Myers
, surprised to the upside, and our short idea,
, lowered guidance and reported weak sales.
To read more,
In Monday trading, Linear Technology closed at $21.69 per share (down 1.9% year-to-date).
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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