3.21.2012

March 22 - Thurs. "Beat it"

SCVL - .24 v. .21 eps, 181.9 v. 180.91 rev. So a beat on both accounts should bode well for the initial long, 28 got alot of support after hours so a drop back towards that area I'll be looking to long for a possible move through 29.

Wouldn't think short on this one just yet, but if you insist if it gaps too strong it could pull out the gate to 28 area where I like the long, then gear to push towards 30, then only on a decent over extension and volume would I consider short.

CMRE - dropped ah's from announcing a 7.5 mln share offering, but members of the Konstantakopoulos family have indicated their intention to purchase up to 750,000 shares in the offering, which could possibly give the stock a bounce. Eyes on this one tomorrow.

Possibly around 13.25

DMND - in Talks with PE firms about Selling Minority Stake. This one came on radar today as well, be looking for some upside tomorrow, people are looking for a reason to be happy about this long cause the stock is so beat down.Crazy move right b4 close and in ah's it sold right back down.




THURSDAY, March 22
Extended-Hours Earnings: DG, FDX, GME, NKE.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. FHFA Housing Price Index; Leading Indicators; New Home Sales.
FRIDAY, March 23
Extended-Hours Earnings: CIS, KBH.