5.07.2012

May 8 - Tues. "Europe Fears Reignite"

MAKO - Reports Q1 revenue of $19.6 mln, below the analyst consensus of $24 mln on Thomson Reuters. EPS loss was $0.28 per share, vs. expectations of a loss of $0.20 per share. Dealing with a slight miss here, but we are hitting sup at 27 area. 31.5-33 I'd be looking to short, could open closer to that spot or get a short covering frenzy on the open to short into, with cover's coming in at 27 area, don't get greedy though, lock in.

RAX - Reports Q1 revenue of $301 mln, in line with the analyst consensus on Thomson Reuters. EPS was $0.17, vs. expectations of $0.18 per share. Held that 51 spot well in ah's, suspect more of the same tomorrow. Keep an eye on if it sets up, prolly no play.

EA - Reports Q4 revenue of $977 mln, better than the analyst consensus of $958 mln on Thomson Reuters. EPS was $0.17, vs. expectations of $0.16 per share. Surprised it sold off, we see this one inch back up to 15 tomorrow, easy money imo. 14.5 is double bottom, btw.

VHC - I think we're just gona get a temporary pause before it heads up towards 35 where it ultimately tops out, this is news related though so I almost want to say dont get too comfortable with ur short position, as you may be waiting on news to hit to take it lower/higher, generating higher risk, with that being said I'm short biased.

VRTX - bio news, upgrades and it held below 60 most of the day after a big run up over 60 in premarket, thinking we, at some point, test 60 level, any parabolic or solid push over I'll be short biased.

SYNC - lebed and nia pump here, 350k shares owned at 8.5, sold on or after July 2nd, not sure how true that news is or not, but I'm setting shares aside each day for the short. 7 was where it recently took off from so 14-16 is a double, ideally looking to short around these levels, prolly try to get patient with them, as I think we see this one back down to 8 next coming months.

TPX - outlined a few levels I think this could go to on the chart. Love to see the washouts to support and lower for long bias.

ANR - might get a double bottom down here at 14, I like 13.8 and any wash below for the bounce, sell most and hold for that double bottom reversal.

HDY -we prolly see this one go .69 and I'll buy then, .74 has been a good stop spot though, so you could accumulate .80 dips and stop at .74, I'll have an eye on it for a set up I'm used to.

DNDN - Net loss in the first quarter of 2012 was $103.9 mln or $0.70 per share, compared to a net loss of $112.8 mln, or $0.78 per share, for the same period in 2011. Adjusted loss was $0.59 per share


TUESDAY, May 8
Extended-Hours Earnings: AAON, ACAD, ARAY, ACTS, AKRX, AMED, ARCL, ARCC, ARWR, AVNR, BLT, NILE, BEAT, CHTR, CQB, CBR, XTXI, XTEX, CRIS, DMD, DEPO, DIOD, DTV, DISCA, DOVR, DUSA, EBIX, EGAN, EVOL, SSP, FOSL, RAIL, GSIG, GTXI, HL, HSIC, HIMX, INSM, IBI, ISIS, JAZZ, JIVE, LRN, LCI, LTRE, LINTA, LIOX, LPSN, LMIA, MELI, MRGE, OMX, OPWV, OUTD, PTRY, PCX, RST, RBCN, SNTS, SMG, SGEN, STEC, STXS, SCON, SRDX, THC, TXCC, URS, VNDA, VISN, VTSS, DIS, XRM, XL, ZIPR.

Economic Data: None.

WEDNESDAY, May 9
Extended-Hours Earnings: JOBS, SVN, AH, ATVI, AMRI, AOL, ARIA, BMC, BWEN, CAAS, CSCO, DF, DGIT, HILL, EGLE, HLYS, INSP, LYV, M, LUNA, MTEX, MNKD, MWE, WFR, MNTG, NWSA, PCLN, PSDV, SATC, SGMS, SMTX, SODA, SUPX, ELOS, TSLA, TACT, PANL.
Economic Data: 7 a.m. MBA Mortgage Index; 10 a.m. Wholesale Inventories; 10:30 a.m. Crude Inventories.
THURSDAY, May 10
Extended-Hours Earnings: ALXA, APEI, AUXL, AVII, BECN, BBOX, BRKS, BSQR, CA, CSIQ, CECO, CECE, CEDC, CDXS, CUTR, DYN, ESIO, ECYT, ESRX, GLOW, HTWR, JSDA, KSS, KOPN, LPTH, LIWA, LOCM, MBI, MCP, NABI, UEPS, JWN, NUAN, PATH, OVRL, PEIX, PETD, PSSI, RICK, SOMX, BID, VRNM, VITC, WAVX, WIN, HOGS.
Economic Data: 8:30 a.m. Initial Claims; Trade Balance; Import/Export Prices; 2 p.m. Treasury Budget.
FRIDAY, May 11
Extended-Hours Earnings: ALIM, NVDA, OSIR, SOL, URRE.
Economic Data: 8:30 a.m. PPI; 9:55 a.m. Michigan Sentiment.