Miles J. Stoner, @StockHollywood

Dallas, Texas


Preview June 2

Milestone Financial Investments LLC
I say up day tomorrow, I think we had a big sell off and drove stocks down and, yeah, the Euro is hurting but tomorrow good day." Long
  • Nasdaq-100 After-Hours Indicator Up 0.75 at 1835.79       06/01 04:09 PM
  1.  * Foster's (FBRWF:$4.5000,$0.0000,0.00%) beer operations seen valued at up to A$12 bln
  2.  Prudential Plc's (PUK:$16.53,00$0.92,005.89%) bid for AIG's Asian life insurance unit was close to collapse on Tuesday after the two failed to negotiate a price cut, raising questions about the future of the British insurer and its chief executive
  3. Jun. 2--While robotic roustabouts sawed on a leaking pipe a mile deep in the Gulf of Mexico Tuesday in BP's latest attempt to control a catastrophic oil spill, engineers were developing plans for what to try next.
  4. Euro steadies, yen dips on Japan PM resignation 
  5. THOUSAND OAKS, Calif., June 1 /PRNewswire-FirstCall/ -- Amgen Inc. (AMGN:$50.76,00$-1.02,00-1.97%) today announced that the U.S. Food and Drug Administration (FDA) has approved Prolia(TM) (denosumab) for the treatment of postmenopausal women with osteoporosis at high risk for fracture, defined as a history of osteoporotic fracture, or multiple risk factors for fracture; or patients who have failed or are intolerant to other available osteoporosis therapy. Prolia, the first and only FDA-approved RANK Ligand inhibitor, is an every six month 60 mg subcutaneous injection administered by a health care professional.
  6.  Canadian Solar (CSIQ:$11.86,00$-1.09,00-8.42%) plummeted in after-hours trade after postponing the release of its results and disclosing an audit committee inquiry after receiving an SEC subpoena.
    CSIQ was released from an after-hours trading halt and careened straight to its session low of 8.65. Buyers were aggressive off the low, firming CSIQ to a still negative range of 9.96 to 9.51, levels where it stayed firm into the mid-session and second-half of evening play. A pre-bell open Wednesday looks to have potential surrounding the 9.75 level. 
    1. With buyers active off tonight's low of 8.65 up to 9.51, morning longs may want to watch for any possible support level that develops down here - an area that could have legs to move back up into the higher 9s. 
    1. On the short side, the 9.96 to 9.87 range withstood several heavy-volume upside tests, a tentative ceiling level to eye for potential downside drift back into the 9.80s to 9.70s.
    2. Price: 9.79, Change: -2.07, Percent Change: -17.4
  7. MF Global (MF:$7.59,00$-0.11,00-1.43%) : Stock dropped through the 7.20 mark down to a low of 6.85 through the first-half of night trade. Buyers grew more active in the shares into the mid-session and second-half, firming it from 6.90 to 7.00. Evening indications would suggest MF records a potential pre-market open Wednesday surrounding 6.95. 
    • With some decent buy action moving into the shares off the low of 6.85 to 6.95, more risk-tolerant longs may want to nibble down here, perhaps an area that could see bumps toward 7.00 or above.
    • On the short side, sellers were most active at 7.20 to 7.10, a possible ceiling level to watch.
    • Price: 7, Change: -0.60, Percent Change: -7.8
  8. LGF = 6.83, Stock recently saw a spike in downside liquidity that dropped it from 6.80 to a low of 6. The latest bid/ask stands at 6.35/6.86, suggesting the issue could see a bounce off current levels in the near-term.
  9.  Watch:
    1. ICO
    2. DYN
    3. PSS
    4. FURXV
    5. UNFI
    6. JNGW
    7. CBMX
    8. AMGN
    9. VVUS
    10. MNKD
    11. CSIQ
    12. NLST
MF, -7.8%
PSS, -9.7%
CSIQ, -17.5%
LGF, -12.2%
SNV, flat
BP, -0.4%
PVG, -5.8%
OPLK, flat
HNSN, -0.5%
LGF: 6 to 6.87
BP: 36.38 to 36.67
OPLK: 13.40 to 13.72
MF: 6.85 to 7.68
PSS: 19.30 to 21.80
CSIQ: 8.65 to 12.21
PVG: 15.50 to 16.73

Penny Pick is still BISU