Miles J. Stoner, @StockHollywood

Dallas, Texas

3.22.2012

March 23 - Fri. "Don't Do It"

MU .23 per share Q2 loss on $2.1 billion in net sales. Analysts were looking for a $0.19 a share loss and $2.02 billion in sales. So a slight miss and they may try to keep this below 8.5 tomorrow where I'd look to short with a target towards the 8 area.
LAYN - set a new 52 week low after hours, stating they will take a huge charge. 80 million charge and I'd be looking lower on this one, short bias.
CPWM - posted rev of $364.3 mln and eps .76, Analysts were looking for EPS of $1.50 and revenue of $361.81 mln. A nice beat here should prop the stock up tomorrow a light volume runner, wait for a dip towards 16.75 and try to catch a runner here. Long bias. 
LULU - sick moves today 75 is ur area of interest, I'll prolly be playing both sides on this one, more in chat, but this has a great range. 
SWHC - short this one overnight, building a position in this one, but if it doesn't top up around 8, then I'll take the loss and move on, have a feeling there may be some hedge funds behind this, but we'll see.
WDC - sick move today, really ripped, 42 is obviously a key area, but the market is quickly joining the long side on this one. Only short on overextention, like towards 44-45. Otherwise could still be a good long off 42 hold. 
LNKD - another one that has resistance at 101, will watch to play the fade off that spot.


sorry, my charts are messed up tonight. Guess you'll have to look them up.