Miles J. Stoner, @StockHollywood

Dallas, Texas

7.09.2012

July 10 - Tues. "Steady Ru Ready"

MAKO -  Now anticipates selling 42 to 48 RIO systems in 2012, which compares to prior guidance of 52 to 58 RIO system sales. Additionally, they narrowed 2012 MAKOplasty annual procedure guidance to 11,000 to 12,000, which compares to prior guidance of 11,000 to 13,000 procedures. I'm long biased off <15's until it gets back towards 16.5 first level of res and then 18.25 where more res was. This is a bargain here in my opinion, doesn't mean it will run, just means I think people will see this as a buy down here, may take a few days to work out rest of sellers cause I'm sure you have some that doubled down and won't do it again, considering they down 75% on their position now.
AMD - normally wouldn't have this one on the scan, because its a slow swing, but this 5 over under could bring some nice trades and build your acct up.
PCX - they are filing for bankruptcy. News came out earlier today, most think this means they won't come back, but financing and refinancing come into play, they should be watched for a bounce or two, not a marriage, as IL would say.
OSIR - eyes on weakness tomorrow for long play.
SNTA - I like the short soon enough, but 7.25 needs to test first imo and then short some.
BPI - 14 tried to hold double bottom we should see it wash below and then bounce, I'd long any quick drops below and take the trade, nothing more.
ARX - I like the long set up, decent trend forming, I think 6.25 needs to test a few times before we see some sort of a breakout.

TUESDAY, July 10
Extended-Hours Earnings: HELE, OCZ, PENX, RMCF, LEDS, SHAW, VOXX, WWW, ZEP.
Economic Data: None.
WEDNESDAY, July 11
Extended-Hours Earnings: ADTN, ITRI, MAR, MASC, PRXI, TXI.
Economic Data: 7 a.m. MBA Mortgage Index; 8:30 a.m. Trade Balance: 10 a.m. Wholesale Inventories; 10:30 a.m. Crude Inventories; 2 p.m. FOMC Minutes.
THURSDAY, July 12
Extended-Hours Earnings: ANGO, OZRK, EMMS, FAST, RECN.
Economic Data: 8:30 a.m. Initial Claims; Import/Export Prices; 2 p.m. Treasury Budget.
FRIDAY, July 13
Extended-Hours Earnings: IGTE, JPM, OPTT, PDLI, WBS, WFC.
Economic Data: 8:30 a.m. PPI; 9:55 a.m. Michigan Sentiment.