4.09.2012

April 10 - Tues. "Anticipation Moves"

GBX - e/r .57 v. .47 eps, 458m v. 444m rev. they took a one time charge, which would explain the sell off on a e/r beat, but 18 has some nice support and a good area to eye the long. " future deliveries could be hurt by delays in the production of railcars used to transport automobiles," said the company. Stock bounced perfectly off 18 midday and tested 19, I'd be a buyer on dips below 18.5 as long as 18 holds.

DANG - approaching resistance at 12 area, would be a double plus there, I think the fail or the parabolic over 12 would be a good start for a short play. Resistance hits between 11ish and 12.25 or so.

SHLD - looking good for the long on washes. Looking deeper there is major support at 57, but doubtful we see lower than today, stock was primed towards the end of the day for a run. Looking long tomorrow off weakness.

AOL - up from the MSFT news, where they sold 800+ patents for 1.05b. CEO said they will have enough cash to proved $15/share more value to the stock price from the deal, which would put the stock at $33 roughly, I think we could see a secondary run here. The run off 26 worked today, see if it holds tomorrow.

VVUS - FDA extended their pdufa date to July 17th, stock declined, this one requires some dd that I'm not willing to do, I know 20-21 is good support. Stock bounced off 21 ah's, might want to buy 20's and sell 21's. 

HLIT - cut their Q1 guidance and declined ah's. Pre-bell open Tuesday looks to have potential near 4.70. Selling was consistent at 4.76 to 4.70, a possible near-term ceiling level for shorts to watch that could see downside drift back toward the 4.60s

SFLY - started to have a nice range in it off the pull midday. Will keep an eye on this one for any strong pops to short or weakness to possibly long. Sign of interest is good enough to keep my attention. Meaning the FB Instagram was perceived as negative for them, but they rebounded so just a heads up. There is good support at 26 and stock is pretty oversold.



TUESDAY, April 10
Extended-Hours Earnings: AA, SMSC, SVU.
Economic Data: 10 a.m. Wholesale Inventories.
WEDNESDAY, April 11
Extended-Hours Earnings: ADTN, APOG, HOFT, TITN.
Economic Data: 7 a.m. MBA Mortgage Index; 8:30 a.m. Import/Export Prices; 10:30 a.m. Crude Inventories; 2 p.m. Treasury Budget; Fed's Beige Book.
THURSDAY, April 12
Extended-Hours Earnings: OZRK, CHKE, FAST, FFHL, GOOG, JBHT, LAKE, LAYN, LDK, RAD.
Economic Data: 8:30 a.m. Initial Claims; PPI; Trade Balance.
FRIDAY, April 13
Extended-Hours Earnings: IGTE, JPM, TAYD, WFC.
Economic Data: 8:30 a.m. Trade Balance; CPI; 9:55 a.m. Michigan Sentiment.