Tuesday Wrap: While the Fed-Watchers Were All a-‘Yellen’…

Coming into the day, the talk of the tape was all about new Fed Chief Janet Yellen and whether or not she’d strike a match near the tinder pile of emotional and twitchy traders looking for any excuse to sell off the market. Since this was her first prepared speech in front of Congress, Fed-watchers were decidedly nervous.

While the Capitol Hill theatrics entertained financial media, traders and investors with their own money on the line quickly decided it was all smoke-and-mirrors and refocused their attention on what really matters… the stocks that are moving.

Today’s head spinner was Infoblox $BLOX which delivered a shockingly bad outlook that led investors to chop the stock in half!

Screen Shot 2014-02-11 at 11.58.19 AM

LukeKramer

Feb. 11 at 8:50 AM

$BLOX Wow. That is the only word that comes to mind. Market cap nearly cut in half overnight.


ivanhoff

Feb. 11 at 10:32 AM

I don’t know what the reason is, but $BLOX hasn’t been this oversold in its entire history. http://stks.co/e0DRi

And Rackspace investors were not amused as $RAX saw a nearly 19% haircut intraday…

MarketMaker

Feb. 11 at 12:25 PM

I remember when $RAX was the “It” stock, funny how things change

 

But after the ugly opens for these stocks and the “Fed Show” was out of the way, Traders spent the afternoon bidding for stocks.

gtlackey

Feb. 11 at 9:46 AM

$INVN tapping on the ceiling once again. congrats longs. well done


M_Simeone

Feb. 11 at 2:56 PM

$IRBT Monthly Bull Flag, breaking out today. http://stks.co/pyyt


sogenerous

Feb. 11 at 11:33 AM

$REGN should be up 10-15%, months of trading range 270-300. This is 3rd beat in a row. Shattered all top bottom line, beat n raise

 

Even over at Walgreen’s, investors are feeling obliged to “smoke ‘em while we got ‘em” as the fallout from CVS’s recent decision to discontinue selling cigarettes has convinced investors this is (ironically) healthy for Walgreens…

lamonicabuzz

Feb. 11 at 12:38 PM

Thanks, $CVS? Strong results from drug store chain helping its top rival? $WAG up nearly 3% to an all-time high.

 

And while you’re over at Walgreens, you may want to pick up some dramamine before viewing the wild whipsaw action that saw $QLYS move 45% intraday…

gtlackey

Feb. 11 at 3:32 PM

$QLYS well that would be this 5min w/ Ac/Ds http://stks.co/a0DUI

 

Lastly and late in the afternoon, $SODA popped up on the StockTwits trending list as the stock surged 10%, building upon last weeks’ rebound.

stt2318

Feb. 11 at 2:43 PM

$SODA nice pop from that intraday setup

 

Smoke ‘em if ya got ‘em,
~ Sean McLaughlin (@chicagosean)


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