The Tale Of Two Tapes II
- Posted by Frank Zorrilla
- on May 7th, 2014
The carnage that is going on underneath the surface in some growth names while the Dow Jones and the SP500 hangout near highs is comical at this point. It’s not only the $FEYE $SPLK $DATA $YELP of the world that are getting smoked, $GOOG is down near 18% from its high, $PCLN is down 18% as well, $CMG 20%, $AMZN down 30%. These are not fly by companies, and if the Dow and the SP500 weren’t at highs this would not be a big deal because normally the indices will reflect this type of carnage in these names, but they are not as of yet, or maybe growth names will firm up and help the SP500 and Dow continue with their march higher. I’m just biding time.
Frank Zorrilla is the founder of Zor Capital LLC a New York based investment management firm. Our goal is superior performance, with preservation of capital as our number one priority. Zor Capital manages separate accounts (both taxable and retirement) for accredited investors and institutions. This structure gives clients access to a hedge fund like strategy while maintaining 100% control of their accounts. Managed Assets
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
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