Miles J. Stoner, @StockHollywood

Dallas, Texas

8.18.2010

Aug 19

Milestone Financial Investments LLC
  • Crazy day today, some real nice shorts put me into thousand territory and a few small longs worked out: LVS was short 30.4 level, covered that around 29.9, ONP formed some real nice sup at 5 so I longed about 4k at that level for a swing trade looking to gap up, and BSDM was just fast money all day. 
  • Nasdaq-100 After-Hours Indicator Down 0.63 at 1,844.74.
  1. Brocade Communications Systems (BRCD:$5.14,00$0.17,003.42%) fell in night trade after after a revenue miss.
    •  -7.2% ah's, ranged downside 5.19-4.75
    • It downtrended to 4.75 and pop back to 4.94 area, looking for a pull back to 4.8 area, short.
  2. PetSmart Inc (PETM:$30.15,00$0.38,001.28%) posted a strong quarterly profit, helped by continued positive same-store sales in its higher-margin hardgoods business, and the pet products retailer raised its full-year earnings view, sending shares up 7 percent after the bell.
    • 6.8%, moved up nicely after profit ranged 29.97-32.9.
    • This stock is reaching its highs of the years around 34x35area, possibly look for a move back into that area, but I'm almost short biased, if you can snag it low go for the long, otherwise maybe let this scenario play out.
  3. SanDisk Corp. (SNDK:$44.86,00$1.29,002.96%) to Offer $1 Bln in Convertible Senior Notes -- Shares Slide 3% After Hours.
    • -2.6%, 44.87-42.61
    • Alot of support at 42, expect a bounce of 42 level unless sup breaks, could have a nice move downwards, play with your eyes open, mixed bag of tricks here.
  4. Hot Topic (HOTT:$4.91,00$0.03,000.61%) reports Q2 loss per share of $0.14. Without a $0.02 per share expense related to ShockHound, loss per share would have been $0.12 compared to Street view of $0.13. Revenue of $150 million was lower than the Street view of $150.3 million.
    • -2.4%, downwards move on this loss per share, range 4.95-4.59
    • I'm long biased on this one even though there was a loss, long.
  5. NetApp Inc. (NTAP:$39.32,00$0.67,001.73%) on Wednesday reported a fiscal first-quarter profit that more-than-doubled from a year ago as the data-storage technology company's results were driven by strong growth in storage products.
    • -4.7%, 39.38-37.25
    • Don't know why this moved down, this is good news, long.
  6. Synopsys Inc.'s (SNPS:$22.28,00$0.19,000.86%) fiscal third-quarter profit declined 17% as the software company spent more money on sales and marketing, while revenue fell as well.
    • 1.4%, 22.28-22.60
    • Small move up, but I'm not convinced of this move, I'd be short. 
    • 21.3 target.
  7. Applied Materials Inc. (AMAT:$11.38,00$-0.005,0-0.04%) swung to a fiscal third-quarter profit despite $ 135.3 million in restructuring charges and asset write-downs as sales more than doubled and margin improved.
    • Swings To 3Q Profit; 4Q View Tops Street.
    • -.02%, 11.38-11.36
    • Long, def long. 12.5 target.