Miles J. Stoner, @StockHollywood

Dallas, Texas

9.02.2010

Sept 3

Milestone Financial Investments L.L.C.
It's wonderful Friday, after a pretty uplifting week things are looking a little better for the market. Confidence down with income, but spending is up, good ole' America, just like it should be, ha. Crude is overstocked, but some warm weather ahead should help some and ME's rig explosion might help pop stocks like UCO up a little bit, keep eyes on. Tomorrow we got unemployment number, which I don't know what the estimations are, but could mess our little run up this week we've had, China is kicking our ass again in everything. Our market sucks, but there economy is good so our market is ok, makes sense. Well anyway off to the alerts...boomwin some good stuff, some large after hours moves, check'em out!
  1. Take-Two Interactive Software (TTWO:...) surged higher in after-hours trade after reporting a surprise profit and lifting its forecast. TTWO vaulted to an early after-hours high of 10.75 before sellers moved aggressively into the shares off this top - driving it down to 9.93. It steadied on the plus-side between 9.93 and 10.15 through the bulk of its evening action. A pre-market open Friday may have legs surrounding the 10 mark. TTWO has recorded an earnings-driven after-hours gain in 8 of the last 12 quarters tracked in our MT Pro database. 75.0% of the time (6 out of 8 times) the stock followed-through in the same direction by the close of the next day's regular session compared to the Extended Hours "effective close". When it followed-through, the price closed further in the same direction on average by 4.0% (in 6 events) from the "effective close". The strong tendency to add to after-hours upside moves in next-day action would have us looking at a long play on TTWO Friday. Early buyers may want to linger in the 9.90 to 10 range, levels that could form as a base support for potential bumps into the lower 10s. Price: 9.99, Change: +1.14, Percent Change: +12.8 
    • TTWO basically posted a profit this quarter and raised next quarters outlook, expect moves up tomorrow, with market sup we could see some very nice long plays. 
  2. Finisar (FNSR:$13.61,00$0.34,002.56%) advanced in evening trade on the back of better-than-expected results and guidance. FNSR was a steady upside mover through the bulk of its after-hours action, rising from 13.70 to a brief high of 14.90. It firmed between 14.83 and 15.25 into the late first-half and second-half of evening trade. Evening indications would suggest FNSR records a potential pre-market open Friday near the 15 level. FNSR has seen an earnings-driven after-hours gain in 3 of the last 5 quarters tracked in our MT Pro database. 100.0% of the time (3 out of 3 times) the stock followed-through in the same direction by the close of the next day's regular session compared to the Extended Hours "effective close". When it followed-through, the price closed further in the same direction on average by 4.0% (in 3 events) from the "effective close". With the near-term historical data favoring a long play on FNSR tomorrow we would look at potential upside entry points near 14.60 to 14.85, levels where upside liquidity was most bullish early tonight. It's likely, however, that FNSR starts the day closer to 15 or above so more risk tolerant longs may want to eye possible entry points closer to 14.80 to 15.05, levels that could see potential pops into the lower 15s. Price: 14.97, Change: +1.36, Percent Change: +9.9  
    • Good results and guidance, take note that the stock always follows through in an after hours gain with a reg ses gain as well. Long play
  3. Ulta Salon, Cosmetics & Fragrance (ULTA:$22.23,00$-0.03,00-0.13%) gained in evening trade after beating Q2 expectations and setting its Q3 view mostly above the Street. Stock advanced to a plus-side range of 24 to 24.40 and stayed mostly in this range for most of the after-hours. It saw a quick pop to a session high of 24.85 in the first-half. Evening indications would suggest ULTA records a potential pre-market open near 24.20 to 24.25. ULTA has recorded an earnings-driven after-hours gain in 9 of the last 11 quarters tracked in our MT Pro database. 88.9% of the time (8 out of 9 times) the stock followed-through in the same direction by the close of the next day's regular session compared to the Extended Hours "effective close". When it followed-through, the price closed further in the same direction on average by 9.3% (in 8 events) from the "effective close". The steady buy liquidity recorded tonight, combined with some solid historical data supporting next-day upside moves would have us looking at potential long plays on ULTA Friday. Early buyers may want to target potential entry points at 24 to 24.20, levels that could set up as a possible early day floor and perhaps sees some lift into the mid-24s. Price: 24.25, Change: +2.02, Percent Change: +9 
    • 9 for 11 in ah's gains follow through to next day.
  4. H&R Block Inc. (HRB:$12.5700,$-0.3700,-2.86%) reported a fiscal first-quarter net loss of $131 million, or 41 cents a share. That compares to a net loss of $133.6 million, or 40 cents a share, in the same period a year earlier. The net loss from continuing operations in the latest period was $114.8 million, or 36 cents a share. That excludes severance costs of 4 cents a share, the tax preparation company said. Revenue in the latest quarter was $274.5 million, down by $1 million from a year earlier. H&R Block (HRB:$12.5700,$-0.3700,-2.86%) was expected to lose 41 cents a share, according to the average estimate of analysts in a FactSet survey. Analysts were expecting sales of $268.5 million on average, according to FactSet.
    • So even though they lost, they didn't lose as much this should typically be a bounce play, I suspect it will drop to a certain low, hard to tell exactly what, but then it will bounce so let it come back a little then I'd play it for along, unless you buy early enough for the short. 
  5.  SeaChange International Inc. (SEAC:$8.54,00$0.13,001.55%) swung to a fiscal second-quarter profit but fell short of Wall Street expectations, as revenue from server shipments fell.
    • Basically, it recorded a profit, but profit was short and forecast wasn't as good as it should be. 
    • Look to short.
  6. Better-than-expected results from Take-Take (TTWO) tonight are driving buyers to competitors Electronic Arts (ERTS:$16.36,00$0.25,001.55%) and THQ, Inc. (THQI:$3.52,00$-0.04,00-1.12%) . TTWO is surging 13% while ERTS is up 2%. THQI is advancing 6%. Price: 10, Change: +1.15, Percent Change: +12.9 
    • Personally, I feel this surge in ERTS is short lived, I'd be looking for a top and a short. Just because TTWO posted profit doesn't mean ERTS must, 2 diff companies. 
  7.  Cooper Cos (COO:$41.2600,$0.4500,1.10%) posted a better-than-expected quarterly profit as it gained market share in its contact lens and surgical businesses, and the company raised its full-year forecast, sending its shares up 4 percent after market.
    • Not alot of movement, but probably will add to its gains some, mixed, let it establish a range and then play within that range.