10.06.2010

Oct 7

Milestone Financial Investments L.L.C.
  • Nasdaq-100 After-Hours Indicator Up 0.66 at 2,007.18.
  • Apple Inc. (AAPL:...) could be near a break up of its so-far exclusive iPhone agreement with AT&T Inc. (T:...) and soon offer a version of the popular smart phone for Verizon Wireless (VZ), according to a Wall Street Journal report. AAPL will begin producing an iPhone for Verizon (VZ:...) by the end of the year, and the new phone will go on sale in early 2011. The Verizon (VZ:...) iPhone will reportedly include a chip from Qualcomm Inc. (QCOM:...) that will allow it to run on Verizon's (VZ:...) CDMA network. In after-hours trading.
  • Blue-chip stocks clung modestly to their gains Wednesday while sending Treasury yields to a 20-month high, as investors awaited further signals on the labor market that could force the Federal Reserve to launch another round of Treasury buying.
  1. BLUD = 20.44, -15.5%, 17.44-16.57
    • revised lower its fiscal 2011 outlook.
    • A pre-market open Thursday may have potential surrounding the 17 mark. Sellers established a tentative ceiling tonight at 17.71 to 17.44, levels shorts may want to eye as a top that could see downside drift back into the lower 17s. More risk tolerant shorts may want to bring the entry closer to 17.44 to 17.20, an area that set up as a late second-half ceiling and where there may be potential to catch drops back into the higher 16s.
    • this had some solid pops off the decline, going to watch for market action on this one, but we should see lower, I just would like to get a pop first and short it.
  2. ITMN = 13.45, +7.8%, 14.41-15.04
    • agreement to sell right for treatment.
    • Longs may want to watch the early going trade tomorrow, and if ITMN again struggles to see more robust upside off 14.50 then they may want to move to the sidelines and perhaps look for a lower floor support closer to 14. More risk tolerant longs may want to test the waters closer to 14.30 to 14.40 in anticipation of the stock perhaps starting trade close to these levels and making an early attempt at breaking to the mid- to higher-14s.
    • nice solid move up after hours has me long on the issue. some resistance at 15 has me looking to wait for it to break before I long unless we see uptrend before hand, how you play it is up to you unless you want to join me at Investors Underground
  3. IVR = 21.8, -4.5%, 21.3-20.56
    • 8.5m share offering.
    • again this is a larger share offering for a lower stock price so we should have more of a downtrend and larger gain on the short. A solid move off the 20.5 level and holds after hours has me inclined to only short if it shows for it, but usually these share offerings do.
  4. REGN = 29.18, -4%, 28.88-27.97
    • 4.5m share offering.
    • I always short offerings, I shorted this one a few days back for a nice gain, looking again.
  5. ZUMZ = 22.8, +3%, 22.88-23.5
    • same store sales up.
    • I dont like this company and some weakness in HOT has me thinking this will immensely be weak as well, mixed.
  6. VNR = 26.45, -3.59%, 25.52-25.27
    • 4.15m share offering.
    • low float short.
  7. FSLR = 138.64, +2.4%, 140-142
    • increases in 2011 orders.
    • I'd be looking for a long play possibly out of the gate, but mkt strength plays on these larger priced stock more so.
  8. IVAN cheapy, nice uptrend, maybe we get more tomorrow, if we can get some mkt strength to go with it. http://fsc.bz/7Wl
  9. JASO kind of a choppy chart, but the new pact they inked has them up ah's as well, keep eyes on. http://fsc.bz/7Wm
  10. MEE one of my better plays today, although I got out too early, shows you the strength ona weaker mkt day, $find http://fsc.bz/7Wn 
  11. AIR this has been getting some solid action as of late, nice uptrend early on, then you could play it down $bi http://fsc.bz/7Wo 
  12. PPO was watching this all day, and missed when it started to gear for the big pop, I had busy day, $broker http://fsc.bz/7Wp