Miles J. Stoner, @StockHollywood

Dallas, Texas

3.05.2013

March 6 - Wed. "Rough Patch"

SPY - last time it was up like this in September they suckered in many that have been sitting out only to rip the market down over the next 2 months, so I'm assuming the same thing now.

IDCC - I like dip buys, 46 is the breakout point, which is now support.

MTG - offering 135 million shares of its common stock and $350 million aggregate principal of senior notes due 2020. The private mortgage insurer intends to use proceeds from both offerings for general corporate purposes, which may include increasing the capital of its insurance subsidiary Mortgage Guaranty Insurance Corp. and other units, and improving liquidity by providing funds for debt service. The company had 202.3 million shares outstanding as of Feb. 15. Shares were up 3% to $5.50 after hours.

RDN - said it raised $700 million through a sale of stock and bonds, prompting ratings agency Moody's to upgrade the stock. Barclay's said earlier that they don't need to raise money.

FMCC - big breakout on the books here over .32 news is "Price 3-Year Reference Notes Security Wednesday." no clue what that means, but the are "largely unchanged averages for this maturity sector." So I don't think its big news. Seems to be inline with the sectors averages.

CREE - they updated their e/r and many took it as positive, but they barely came inline with eps and they missed on revenue so I think the market is wrong on this move. Only short big moves up though, small.


QIHU - Q4 beats estimates; company guides Q1 sales above consensus. Ended flat for the most part, but I like the long on this one, it was a breakout over 33 as it is anyway. Prolly a good short trade over 35 for now.

JCP - ackman prolly eventually be right about this one.