8.03.2010

Aug 4

  • Nasdaq-100 After-Hours Indicator Down 1.38 at 1,897.61.
  • Retailers' 'wear now' strategy is aimed at shoppers focused on short-term needs 
  • CREDIT MARKETS: Corporate Bond Markets In High Gear As Double Dip Fears Fade
    • I'm not completely sure of this, I still keep the looming feeling that its all going to hell right here.
  1. Priceline.com (PCLN:$230.67,00$3.29,001.45%) charged higher in after-hours trade after reporting better-than-expected results and guidance.
    •  Strong 3Q Outlook Reflects Improving Currency Trends, 'Very Strong Results' In Asia, Europe
    •  2Q Net Up 72% On Higher Booking, Airfare Increases Crimping Consumer Demand.
    •  Pop 272.52, steadied out 267.10, which is sup level, res 268.71.
    • 230.47 to 272.52
    • 72% is great gain, higher guidance, but Google is becoming competitive. Long 267, I see uptrend and sell off for s/s.
  2. Brigham Exploration Co (BEXP:$17.97,00$0.03,000.17%) reported better-than-expected quarterly results on a 71 percent increase in production and higher average realized prices, sending its shares up 4 percent in extended trading.
    • Brigham expects third-quarter daily production volumes of 7,900 barrels of crude oil equivalent per day (boepd) to 8,400 boepd, up from second-quarter levels of 7,756 boepd.
    • For the latest second quarter, the company earned $18.5 million, or 16 cents a share, compared with net loss of $7 million, or 12 cents a share, a year ago.
    • 17.95 to 18.75
    • Pop 18.75, drop 18.05, low vol pop back to 18.61.
    • Based on the sell off at 18.75, even though good news, the next Q is only 244 boepd more per day, which isn't great so its not a great guidance, although an increase. I'm short biased at 18.5-18.75, target 18.05-18 area, if that breaks 17.4 is a strong cover spot and reversal trend for Long play.
  3. Barnes & Noble (BKS:$12.8400,$-0.9800,-7.09%) , the number one U.S. book store chain, is putting itself up for sale as business suffers in the high-stakes battle for a leading role in the digital books market.
    • 12.84 to 17.00
    • Pop 17, dip 16.6, downtrended a bit to 16.07, got sup there, small pop 16.29.
    • I'd s/s this since it up basically on speculation, unless an offer comes in tomorrow, red vol bars should indicate its coming down, watch this in pre, should come down.
  4. Acme Packet (APKT:$28.44,00$1.33,004.91%) announced that China Mobile (CHL) selected Acme Packet for its IP Multimedia Subsystem (IMS) project.
    • China Mobile is deploying Acme Packet's Net-Net session border controllers in multiple cities across five provinces throughout China as part of an initial deployment of IMS.
    • 27.98 to 29.90
    • Pop 29.57, bigger pop 29.9, sell off dip 29.1, uptrend settle 29.6 area.
    • I like the news, but its hitting a prior res level of 29.74 area, which could be a problem for this Long, although, 31.62-32.85 was the range of this stock b4 earnings last friday.
    • If it fails to break 29.75-30 area, I would s/s the stock there, target 29.1-28.6.
  5. Masimo (MASI:$24.02,00$0.40,001.69%) reports Q2 revs of $100.1 mln and adjusted EPS of $0.25, vs. Street estimates of $98.4 mln in revs and earnings of $0.24 per share.
    • 23.99 to 25.00
    • Pop 25, dip 24.5, then range 24.02-24.75
    • Rev and EPS barely beat, this maybe a little bit too far broken out, kinda lower volume 500k/s.
    • Mixed on this one, seems to be uptrending over last 10 days, but like I said its too far of a b/o and I am short biased 60/40.
  6. Arena Pharmaceuticals, Inc. (ARNA:$7.29,00$0.12,001.67%) reports a Q2 loss of $0.28 per share, vs. a year ago loss of $0.48 per share and a penny narrower than expectations.
    • Raises 2010 View To Rev $14M-$16M 
    • 7.24 to 7.71
    • Pop 7.71, dip 7.52, settled 7.55, if you take it long res 7.92, if u s/s sup 7.29, 7.10, 6.89.
    • I don't like when a company losses less than they should, but its still a loss so I'm s/s and pops towards 7.7-7.92areas. It did raise it view by 2 million which is 12% roughly so could be long initially with a move to 8, but I feel it wont hold that level and would s/s it there.
  7. Low-cost wireless carrier Leap Wireless (LEAP:$11.56,00$-0.71,00-5.79%) posted a wider-than-expected quarterly loss as customers quit its service, prompting a sell-off in the shares despite new plans to try and improve sales.
    •  11.73 to 10.80
    • major drop 10.8, got 3k/s sup 10.98
    • I would s/s this stock coming out the gate and look for support around 10, if not I can see its continuance downward, with small pops of green, people betting on a bottom, you can always scalp and short those pops.
  8. Car rental company Hertz Global Holdings (HTZ:$11.5700,$-0.3800,-3.18%) posted better-than-expected quarterly results on higher volumes as business spending recovered, and reaffirmed its full-year forecast.
    •  Hertz is buying Dollar Thrifty (DTO), which maybe something to take into consideration when purchasing.
    • second-quarter net loss was $25.1 million, or 6 cents a share, compared with net income of $3.9 million, or 1 cent a share, a year ago
    • 11.78 to 11.40
    • downtrended to 11.04 and saw no sup levels, settling 11.3, s/s scalp target 11.1+
    • I can see this stock reversing downtrend tomorrow, scalps only.
  9. Depomed Inc. (DEPO:$2.83,00$-0.01,00-0.35%) on Tuesday said it received confirmation from drug maker giant Pfizer Inc. (PFE:...) that it wouldn't file a patent infringement suit on a new drug product being developed by the specialty pharmaceutical company.
    •  No advice on this one, I'm not playing it, its a mover though, up 17% ah's.
    • 2.82 to 3.32
    • I can't short sell this type of stock so I would hope it continues upwards, it did have sellers at 3.3area and that new movie Depo-Men just came out, so subconsciously people may buy, lol.
  10. Anadarko Petroleum Corp. (APC:$53.1400,$-0.1300,-0.24%) said Tuesday it could potentially be liable for up to $1.5 billion to $2.5 billion in environmental damages under the nation's flagship oil-spill law as a designated responsible party in the Deepwater Horizon spill.
    • reported late Tuesday that higher output, stronger energy prices and fewer derivatives losses contributed to a narrower second-quarter loss.
    • posted a net loss of $40 million, or 8 cents a share, narrowing the gap on a loss of $244 million, or 48 cents
    • Revenue for the three months ended June 30 rose 36% to $2.6 billion from $1.91 billion
    • 52 to 54.30
    • Pop 54.3, dip trend 53.85, settle 54flat, major sup 53.15, where I'm long, but watching because less of a loss is still a loss and 2b is 2% of mkt value. Its pre movement should give you better idea where its headed.
  11. Specialty chemical company Innospec Inc (IOSP:$11.76,00$0.69,006.23%) posted second-quarter earnings that quadrupled from a year ago, on lower expenses and strong performance at its active chemicals and octane additives segment.
    • 11.47 to 13.55
    • Posted $12 million, or 48 cents a share, compared with $3 million, or 12 cents a share
    • ALERT!!!!!!!! LOW VOLUME!!!!!!!!!!!!
    • Popped on low volume to 13.55, sells 12.6, not many shares again, I'm liking this if it picks up some volume could really take off, only buy when the price is right, bitch!
    • I'd long this at 12.5 area, small start pos, see what happens, major sup at 11.
  12. Electronic Arts Inc. (ERTS:$16.18,00$-0.32,00-1.94%) swung to a fiscal first-quarter profit and adjusted results exceeded expectations amid a sharp jump in margins.
    • 16.04 to 17.29
    • to Present at the Pacific Crest Technology Leadership Forum
    • pop 17.29, dip 16.81, pop 17.04, dip steady 16.92
    • Short this stock, barely swung profit, s/s 17, target 16.5.
  13. Stec Inc's (STEC:$15.65,00$0.02,000.13%) quarterly results beat market estimates and the flash memory storage products maker forecast third-quarter results above Wall Street expectations thanks to strong solid-state drive (SSD) sales.
    • 15.57 to 17.18
    • Pop 17.18, dip 16.1, uptrend 16.4, sup 16.22, res 16.57
    • I love the Long at 16.22-16.4, with a strong move on open to 17+
  14. Whole Foods Market Inc (WFMI:$39.49, up$.56cents, up1.44%) shares fell 5.6 percent on worries about slowing growth in its industry-leading same-store sales, which have propelled the stock's rally of over 40 percent this year.
    • 39.89 to 36.87
    • drop 36.87, lil pops & dips settle 37.1, sup 37.06, 36.28, res 37.37, 38.4
    • I don't see this staying down for long, worries over this type of store making sales aren't large, I'd be long from sup levels, but watch to see if they hold initially, then long.