5.16.2012

May 17 - Thurs. "Fearful Bunch"

VELT - 6 is support. My Seeking Alpha defense. Defenses from Firms . Personally, I like the long here off of dips below 6, but you can read what I wrote.
MS - Getting weaker and weaker as this Greece/Europe news unfolds. 13 is support from back when this first started. Hear they have high exposure to Europe.
RRGB - posted mixed results. 29-30 has best support. Possible long.
LTD - set guidance below consensus. 46.7 was ah's top a spot where you should short tomorrow. Possible test of <46 and a nice move down. 43.5 tgt.
HLF - notable short seller did not mention the company at conference, which indicated th  company may not be the target of a short attack.
ZNGA - FB ipo on friday, this is setting up for a long, could be a good secondary play.


THURSDAY, May 17
Extended-Hours Earnings: AAP, ARO, ALKS, ARUN, AMAT, ADSK, BONT, BRCD, CATO, PLCE, CSC, COSI, CCSC, DLTR, DANG, LONG, GPS, GIGM, GSOL, INTU, MRVL, NM, NWY, PSUN, PERY, QSII, ROST, CRM, SCVL, SSI, SMRT, SSI, TK, TOO, TNK, BKE, VSAT, WMT, ZUMZ.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. Philadelphia Fed; Leading Indicators.
FRIDAY, May 18
Extended-Hours Earnings: ANN, BWS, IMOS, DCI, FL, HIBB, KIRK.
Economic Data: None.