Gapping up
In reaction to strong earnings/guidance: SINA +6.8%, VRML +6%, CHS +5.9%, NLST +4.6%, BORN +4.2%, PAAS +4.1%, TGT +3.5%, VELT +2.3%, DE +1.5%.
Select financial related names showing strength: STD +3.3%, ING +2.8%, BCS +2.1% (upgraded to Buy from Neutral at UBS), BAC +1.8%, JPM +1.5%, DB +1.4%, MS +1.1%, COF +0.6% (Third Point Capital discloses notable new positions).
Other news: OSUR +36.3% (FDA's Blood Product Advisory Committee votes 17-0 that the benefits of OraQuick In-Home HIV Test outweigh the potential risks of false positive and false negative test results), TLB +7.1% (Talbots and Sycamore partners extend exclusivity agreement), LYV +4.1% (Liberty Media filed an amended 13D), GM +3.6% (Berkshire discloses new 10 mln share Q1 position), TQNT +3.3% (Avago Tech and TriQuint Semiconductor (TQNT) agree to confidential settlement of all outstanding claims), TOT +2.7% (still checking), ANGI +2.7% (priced 8.44 mln shares of common stock at $13/share in a follow-on public offering), RENN +1.9% (following SINA results), CHK +1% (confirms increase in term loan to $4.0 bln), CSCO +0.6% (Third Point Capital discloses notable new position, upgraded to Overweight from Equal Weight at Barclays), .
Analyst comments: FOSL +3.2% (Fossil upgraded to Buy from Neutral at Citigroup), WFT +1.2% (upgraded to Overweight from Neutral at JPMorgan), WIN +1% (upgraded to Buy from Hold at Stifel Nicolaus), PEP +0.7% (upgraded to Outperform from Underperform at Credit Agricole), SDRL +0.5% (Seadrill upgraded to Buy from Neutral at Citigroup).
April Capacity Utilization 79.2% vs 79.0% Briefing.com consensus
April Industrial Production +1.1% vs +0.5% Briefing.com consensus
April Industrial Production +1.1% vs +0.5% Briefing.com consensus
Look to the Future
By James "Rev Shark" DePorre
May 16, 2012 | 8:12 AM EDT | 3
Expect the worst but hope for the best. --Unknown.
The market action stinks, but it is making me excited about the potential that lies ahead.
While downtrending markets can be very painful if you are sitting there frozen and not taking defensive action, they always ultimately lead to a new crop of opportunities. If you sell losing positions, stay defensive and avoid the bottom-calling game, then you should be feeling pretty good as you watch this poor action create future opportunities.
The key to dealing with a market environment like we have now is cultivating the proper mindset. Some folks whine and moan and others complain about the poor action. They try to fight and deny what is happening and lose money when they refuse accept the fact that we are trending lower.
The market looks much different if you simply accept the fact that it is acting poorly and is likely to continue to do so for a while. It is the nature of the beast to do this on a regular basis. It is going to happen no matter what the bulls might think or say, so why not just accept that fact?
What makes this action exciting is that as sure as the sun rises each day it will eventually shift and another uptrend will begin. There will be hundreds of new opportunities for us to embrace and the pain of the downtrend will be quickly forgotten once again. If we didn't have downtrends then we wouldn't have uptrends.
There is no question that the macroeconomic picture looks quite troubled right now with the Greece problem likely to weigh on Europe for a while and signs that the economy is slowing down again. The negatives are obvious and are not likely to go away suddenly.
There is no question technically that we also have some major problems. We have made a series of lower lows, have taken out key support levels and have some pretty strong downside momentum.
The bear arguments are obvious, so why not just accept that fact and wait for something to shift? If the bears are right and stocks keep sinking then we'll just better opportunities from lower levels. If the bears are wrong and the action starts to improve then we can inch in, put a little money to work and become more aggressive as an uptrend starts to develop.
There is no question that the market action lately has been ugly, but if you have the right mindset you not only can deal with it effectively, but should feel good about it because of where it will eventually take us. The market is just doing what it always does and that is a good thing.
By James "Rev Shark" DePorre
May 16, 2012 | 8:12 AM EDT | 3
Expect the worst but hope for the best. --Unknown.
The market action stinks, but it is making me excited about the potential that lies ahead.
While downtrending markets can be very painful if you are sitting there frozen and not taking defensive action, they always ultimately lead to a new crop of opportunities. If you sell losing positions, stay defensive and avoid the bottom-calling game, then you should be feeling pretty good as you watch this poor action create future opportunities.
The key to dealing with a market environment like we have now is cultivating the proper mindset. Some folks whine and moan and others complain about the poor action. They try to fight and deny what is happening and lose money when they refuse accept the fact that we are trending lower.
The market looks much different if you simply accept the fact that it is acting poorly and is likely to continue to do so for a while. It is the nature of the beast to do this on a regular basis. It is going to happen no matter what the bulls might think or say, so why not just accept that fact?
What makes this action exciting is that as sure as the sun rises each day it will eventually shift and another uptrend will begin. There will be hundreds of new opportunities for us to embrace and the pain of the downtrend will be quickly forgotten once again. If we didn't have downtrends then we wouldn't have uptrends.
There is no question that the macroeconomic picture looks quite troubled right now with the Greece problem likely to weigh on Europe for a while and signs that the economy is slowing down again. The negatives are obvious and are not likely to go away suddenly.
There is no question technically that we also have some major problems. We have made a series of lower lows, have taken out key support levels and have some pretty strong downside momentum.
The bear arguments are obvious, so why not just accept that fact and wait for something to shift? If the bears are right and stocks keep sinking then we'll just better opportunities from lower levels. If the bears are wrong and the action starts to improve then we can inch in, put a little money to work and become more aggressive as an uptrend starts to develop.
There is no question that the market action lately has been ugly, but if you have the right mindset you not only can deal with it effectively, but should feel good about it because of where it will eventually take us. The market is just doing what it always does and that is a good thing.
Germany's Merkel to give statement at 4:30pm Berlin time (10:30am ET)
Zerohedge toob välja, millised olid eelmisel aastal Ira Sohni konverentsil lühikesed ja pikad soovitused ning kuidas need väärtpaberid antud perioodil on käitunud. Ira Sohn 1 Year Post-Mortem: Absolutely Abysmal
Euro drops sharply; headlines crossing ECB stops monetary policy operations to some Greek banks
CNBC reporting that 'several' more members saw cause for QE 3 support
HLF on tegemas hetkel päris järsku squeezi ja kaupleb 9% plusspoolel. Hetkel pole veel uudiseid Einhorni valikute kohta näinud.
hilineb
Haige värk see HLF teema ikka. Kõik klõpsisid paaniliselt refresh nuppu live blogis, et näha ega ei vilksa tähekombinatsioon HLF kusagil (siis kõik müüki ja shorti) või vastupidiselt ostma.
Paistab, et Einhorn ei öelnud oma presentatsioonil HLF kohta sõnagi. Aktsia kaupleb hetkel 15% plusspoolel.
Täna õhtu oli ühe mehe show
MLM, DKS, AMZN, AAPL, USD/JPY, GMCR ehh krt
MLM, DKS, AMZN, AAPL, USD/JPY, GMCR ehh krt
Krt, see mees oleks võinud (ja ehk isegi tegigi nii) mängida seda nagu vilepilli - shortida enne conf. calli, siis jooksvalt katta, enne tänast esinemist pikaks minna ja nüüd pikk poss kinni. Nice.