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PCS $10.28<>MetroPCS Q4 EPS Up More Than Six-fold To $0.25 From $0.04 Last Year
$ITC Upgraded to Buy at Wunderlich
LINE<>LINN Energy Posts Q4 Loss Per Unit, Basic, Of $1.09 Vs. Loss Of $1.64 Prior Year (LINE)
LL Upgraded to Overweight at Piper Jaffray
6:00 AM Overseas: Japan +0.4%. Hong Kong -0.8%. China +0.3%. India -0.4%. London +0.2%. Paris -0.1%. Frankfurt -0.3%
$AIZ Downgraded to Neutral at Sterne Agee
RANsquawk reports on downgrade of sovereign rating downgrade of Portugal - $EURUSD below 1.33 level within one minute.
Feb. 23 at 6:07 AM
from Twitte
WPRT Downgraded to Underweight at JP Morgan
TS <>Tenaris reports Q4 earnings of $0.68, consensus estimate of $0.32; revenues rose 33.3% year/year to $2.75 bln vs the $2.65 bln consensus
$PFG Upgraded to Buy at Sterne Agee
IRM<>Iron Mountain Posts Q4 Adj. EPS From Cont. Opns. Of $0.33, Flat With Last Year (IRM)
DISH<>DISH Network Q4 EPS Rises To $0.70 From $0.56 Prior Year
$CM Downgraded to Neutral at Credit Suisse
$BMO Upgraded to Outperform at Credit Suisse
$HCA Upgraded to Buy at Deutsche Bank
$CYH Upgraded to Buy at Deutsche Bank
>>Anadarko Petroleum (APC) and BP (BP) are liable for civil damages related to the Gulf oil Spill, District Judge Carl Barbier ruled yesterday, exposing the two firms to billions in potential fines
$K Upgraded to Buy at Deutsche Bank
US authorities start campaign against Bitcoin?
http://thefinanser.co.uk/fsclub/2012/02/us-authorities-start-campaign-against-bitcoin.html
Forbes<>DNDN earnings preview: http://stks.co/2WUJ
QCOR<>Questcor Earnings Beat Street; Stock Rises Late
By AMY REEVES, INVESTOR'S BUSINESS DAILY Posted 02/22/2012 06:49 PM ET
Shares were up more than 5% in after-hours trading. During the regular session, Questcor closed up a fraction to 34.74. The stock is down 24% from its all-time high of 45.95 reached Dec. 9, after its price jumped fivefold in 2010 and 2011.
Full @ http://news.investors.com/article/601889/201202221849/questcor-earnings-beat-street.htm?ven=yahoocp,yahoo
A Quick Breakdown Of America's 131.8 Million Homes
Joe Weisenthal | 8 hours ago
A useful chart
Read more: http://www.businessinsider.com/a-quick-breakdown-of-americas-1318-million-homes-2012-2#ixzz1nCWWG2ik
The Consequences Of War On The US Economy
Joshua Brown, The Reformed Broker | 10 hours ago
Read more: http://www.thereformedbroker.com/2012/02/22/consequences-of-war-on-the-us-economy/#ixzz1nCWGifdm
Markets Are Selling Off After The EU Slashes It Eurozone Growth Forecast
Sam Ro | 8 minutes ago
Read more: http://www.businessinsider.com/global-markets-are-rallying-while-european-banks-report-big-losses-2012-2#ixzz1nCVxLk3V
bbc<>EU says eurozone economy to shrink in 2012
The European Commission has predicted that the eurozone economy will contract by 0.3% in 2012.
full http://www.bbc.co.uk/news/business-17138207
Stocks to watch Thursday: H-P, Target, Apple
02/22 05:05 PM
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SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Thursday's session are Hewlett-Packard Co. (HPQ:$28.94,00$-0.41,00-1.40%) , Target Corp. (TGT:$52.97,00$0.43,000.82%) , and Apple Inc. (AAPL:$513.04,00$-1.81,00-0.35%)
After Wednesday's close, H-P said its adjusted first-quarter earnings fell to 92 cents a share, compared with $1.36 in the year-ago period, but that was good enough to top its own outlook as well as a Wall Street consensus of 87 cents a share.
On Thursday, Target (TGT:$52.97,00$0.43,000.82%) is expected to report fourth-quarter earnings of $1.40 a share, according to analysts surveyed by FactSet Research.
Also, Apple (AAPL:$513.04,00$-1.81,00-0.35%) is set to hold its shareholder meeting in Cupertino, Calif. With shares still near all-time highs and a huge cash pile, investors will be on the lookout for any mention of a dividend from Chief Executive Tim Cook.
In other anticipated earnings, Safeway Inc. (SWY:$22.67,00$0.16,000.71%) is forecast to post earnings of 64 cents a share in the fourth quarter.
American International Group Inc. (AIG:$27.67,00$0.34,001.24%) is estimated to report a profit of 60 cents a share in the fourth quarter.
Kohls Corp. is expected to report earnings of $1.82 a share in the fourth quarter.
Sears Holdings Corp. (SHLD:$52.08,00$1.14,002.24%) is forecast to report fourth-quarter earnings of 76 cents a share.
Gap Inc. (GPS:$22.98,00$0.15,000.66%) is projected to post a fourth-quarter profit of 41 cents a share.
American Tower Corp. is likely to report a fourth-quarter profit of 30 cents a share.
MetroPCS Communications Inc. (PCS:$10.28,00$-0.03,00-0.29%) is estimated to report a profit of 18 cents a share in the fourth quarter.
Salesforce.com Inc. (CRM:$128.07,00$0.46,000.36%) is expected to report earnings of 40 cents a share in the fourth quarter.
Marvell Technology Group Ltd. (MRVL:$16.00,00$0.00,000.00%) is projected to post a fourth-quarter profit of 17 cents a share.
Autodesk Inc. (ADSK:$37.76,00$-0.35,00-0.92%) is likely to report a fourth-quarter profit of 17 cents a share.
Also, after Wednesday's closing bell, headphone maker SkullCandy Inc. (SKUL:$15.86,00$0.59,003.86%) said it swung to a fourth-quarter profit on stronger-than-expected sales.
Analog Devices Inc. said its fiscal first-quarter profit fell 37% on weak demand but the chip maker also raised its quarterly dividend 20%.
Vivus Inc. (VVUS:$10.55,00$-1.44,00-12.01%) shares, which had been halted Wednesday, are sure to see action Thursday after a Food and Drug Administration advisory panel recommended the agency approve the biotech's weight-loss drug Qnexa. Should the agency approve the drug it would fill a void left by various diet drugs pulled from the U.S. market because of safety concerns.
Risk and return are joined at the head
Commentary: Don't let emotions dictate your investing decisions
02/22 04:16 PM
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BOSTON (MarketWatch) -- Some people are afraid of making a mistake by taking on risk, while others take risks that lead to mistakes.
Such behaviors are the focus of the new book "Investment Mistakes Even Smart Investors Make ... and How to Avoid Them," by Larry Swedroe of Buckingham Asset Management in St. Louis, who is one of the most thoughtful financial advisers.
No matter your feelings about the market -- if you think the current run will continue or you expect a downturn - the mistake comes when you let those feelings override long-term strategy.
That's what investors need to guard against now. And anyone who avoids the bulk of the book's 77 different errors is likely to reach the end of their investing lifetime pretty happy with the results.
That said, no blueprint will help an investor avoid all of the potential and theoretical booby-traps. Moreover, even the best investors make mistakes; the key is to avoid the giant ones from which there is no recovery, and to avoid being bled to death by an endless series of small errors.
Timing device
To see how it is impossible to embrace risk while trying to avoid mistakes, you have to look at the real differences between the two.
Risk is defined as "exposure to the chance of injury or loss," while the dictionary definition for a mistake is "an error in action, calculation, opinion, or judgment caused by poor reasoning, carelessness, insufficient knowledge" and the like.
"People who say you're making a mistake if you put your money at risk -- if you do something that exposes you to a potential loss -- don't understand how risk works," Swedroe said in an interview. "They're getting out of the market because they see it as too risky, but with interest rates near zero there is a very big chance that they can't generate the returns they need from riskless investments.
"There's a risk in everything, so the mistake doesn't come from taking risks -- it's from taking the wrong risks or taking risks in the wrong amount," he added.
Investors need to find some moderation in a market that seems to bounce them from end-to-end of the greed/fear spectrum. While the temptation is to jump into stocks when it feels like things are going well and to stay on the sidelines when pain appears imminent, most people lack the skill in timing the market to make that work.
They give it a try, however, because of what they see as past mistakes.
Swedroe noted that a lot of investors look to the recent past and feel, for example, that they made an error being invested in 2008, at a time when the financial crisis buckled the stock market.
"They're deciding -- based on what happened -- that they made a mistake being in the market," Swedroe said, "when there was no way to see just how bad the problems were, and they are trying to avoid making the same mistake again even if that kind of stock market event is likely to happen just once or twice in a lifetime.
"They're confusing strategy with outcome,," he added. "They may have taken prudent risks that were appropriate, but then those risks actually showed up."
Feeling lucky?
In short, it's like the people who talk with financial advisers and say "I can tolerate risk, I just don't want to lose any money." They have no problem with the risks when the investment strategy is working in their favor, but when the outcome is less than expected, they're convinced they've made a mistake.
Most financial advisers, for example, say that the average investor should always have some exposure to the stock market, with long-term money that can ride out the bumps and grinds to capture the long-term trend.
"The mistake most people made in 2008 wasn't that they were invested in the stock market, it's that they had, say, 80% of their assets there when they should have had maybe half of their portfolio there," Swedroe noted. "The mistake wasn't exposing their money to the market at a time that turned out to be bad, it was exposing too much of their money to the market regardless of the situation, because the losses they suffered -- while unusual -- obviously were not out of the realm of possibility."
Confusing strategy and outcome is a way many investors let the ends justify their means.
Sadly, it's also what leads to the kind of thinking that spurs someone to abandon long-term strategies and go for what looks good today. It's how someone avoids the chance of losing money in the stock market but assumes the risk that their money won't keep pace with inflation. The risks are different, but the potential downside is the same -- that your money won't go as far you need.
$C to sell 145 million shares of india HDFC stake raising around $ 2 BN
>>The U.K. and Japan are urging the U.S. to rewrite the Volcker Rule, concerned trading restrictions on U.S. banks could hit sovereign debt markets at a particularly fragile moment. In a high-profile expression of their concern, U.K. finmin George Osborne and Japanese counterpart Jun Azumi have written an op-ed in the FT
bl<>Barrick’s Regent Says Gold Miners Losing Capital to ETFs
By Liezel Hill - Feb 23, 2012 4:42 AM ET
Barrick Gold Corp. (ABX) and Goldcorp Inc. (G), the world’s largest producers of the metal, are poised to outperform bullion after gold-mining companies fell to their cheapest in at least a decade, executives said.
Gold producers are heading for an “inflection point” triggering a rally, Barrick Chief Executive Officer Aaron Regent said in an interview. They have been punished as investors decided the shares should no longer trade as a proxy for physical gold, he said.
cont http://www.bloomberg.com/news/2012-02-23/barrick-s-regent-says-gold-miners-losing-capital-to-etfs.html
wsj<>—British American Tobacco PLC posted a rise in profit on higher revenue Thursday, but cautioned that the consumer outlook remains uncertain.
London-based BAT, the maker of Dunhill, Kent and Lucky Strike cigarettes, said net profit in the year to Dec. 31 rose to £3.1 billion ($4.86 billion) from £2.9 billion a year earlier.
Pretax profit excluding exceptional items, the figure closely watched by analysts, increased 11% to £5.52 billion from £4.98 billion, missing a company consensus forecast of £5.68 billion. Revenue increased 3% to £15.4 billion from £14.9 billion.
BAT is building its position in growth economies such as Eastern ...
http://online.wsj.com/article/SB10001424052970203960804577240584256693446.html?mod=rss_whats_news_us_business
ROIC $11.89<>Retail Opportunity Investments Posts Q4 FFO/Share Of $0.17
WYNN<>Wynn Macau will hold an emergency board meeting tomorrow to discuss the removal of Kazuo Okada as a director, sources say. Wynn Macau's board can unanimously vote Okada off, but removing Okada from the board of parent Wynn Resorts will require a vote by shareholders.
ORA $18.24 Ormat Technologies Reports Q4 Loss/Share Of $0.95 Vs. Profit $0.10 Last Year
XIN $2.49 Xinyuan Real Estate Posts Q4 Earnings/ADS Of $0.38 Vs. $0.28 Last Year
BofA (BAC) will accelerate its expansion in China, adding as many as five branches in the country over the next 2-3 years from its current three outlets in Shanghai, Beijing and Guangzhou
Microsoft (MSFT) files a complaint with European regulators that Motorola Mobility Holdings (MMI), with Google's (GOOG) support, is misusing patents, demanding unfairly high prices from device makers to use standard patents relevant to products like MSFT's laptops and Xbox game console.
Credit Agricole says that provisions against bad loans at its Greek business and restructuring costs in 4Q have led to its heaviest net loss since it went public a decade ago.
Colonoscopy Can Lower Rate of Cancer Deaths by Half, Researchers Find
Colonoscopy saves lives, according to a study that provides the first direct evidence that the procedure keeps people from dying of colon cancer, reducing that risk by half.
Brent Rises to 9-Month High as German Business Confidence Beats Forecasts
Updated 28 minutes ago
COMMODITIES: inflation expectations continue to climb (CRB Index +1.6% wk-to-date vs $SPY -0.3%)
European Stocks Pare Gains; Insurers Advance
By Adria Cimino - Feb 23, 2012 4:56 AM ET
European (SXXP) stocks pared advances, as shares of chemical and insurance companies rose, while those of carmakers fell. U.S. index futures climbed, while Asian shares were little changed.
cont http://www.bloomberg.com/news/2012-02-23/european-stock-futures-little-changed-on-mixed-earnings-banks-may-decline.html
Nissan will recall 250,000 cars globally to fix a mechanical glitch that could lead to a fuel leak in extreme cases. No accidents have been reported due to the fault.
RBS<>Royal Bank of Scotland Group PLC said Thursday that it slumped to a 2011 full-year net loss of nearly £2 billion ($3.13 billion) as the euro-zone crisis continued to weigh on its investment banking division and restructuring costs hammered the U.K. bank's bottom line.
The bank, which is 83%-owned by the U.K. government, saw full-year revenue tumble 11% to £26.6 billion despite lower impairment charges and a hefty gain on the fair value of its own debt. Despite media and political pressure to lower remuneration, the bank paid out nearly £1 billion in bonuses for the year.
02/23/2012 FRX Forest Laboratories Inc Eklira (NDA) FDA panel review of Eklira for chronic obstructive pulmonary disease
02/23/2012 CHTP Chelsea Therapeutics International Northera (NDA) FDA panel review of Northera for treatment of symptomatic neurogenic orthostatic hypotension
joe, DITTO that, too bad only 175 shares here, was very uncertain they would pass it
Good hopefully she will make up for the last MAKO flush
<VVUS CALL WINNER joe, no calls and only a few jellybean shares
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DISCLAIMER:
1. DO THE MATH!!! - Before placing any trade, do the math. Where is the trigger? Where is the proper stop based on the chart setup? How many shares should I buy? This is easy to figure out. You never want to lose more than 1% of your trading account balance on any given trade. So, if you have a $30,000 account, your maximum acceptable loss on any given trade should be $300. If the stop is .20 cents below the entry price (again, based on the chart setup), then you should not buy more than 1500 shares (for the purpose of this lesson I have left commissions out of the equation for simplicity).
2. PAY YOURSELF!!! - Once you have a small profit (I use a dime as a rough personal guideline) sell part of your position and move your stop to breakeven on the rest. You will have very few losing trades if you do this, and the losses you do have will be small.
3. STOP TRADING!!! - What do I mean by this? If you hit your daily goal (everyone should have one and make it realistic) stop trading. Afternoons are tougher to trade than mornings anyway, so take the money and run....tomorrow is another day.
4. STOP TRADING!!! - Didn't we go over this already? Well, this one has another meaning. If you lose 1/2 the amount of your daily goal, stop trading and come back tomorrow. For instance, if your goal is to make $500 a day, and you are down $250 on the day, quit for the day. This is the best way to avoid falling into a 'trading death spiral'.
DOW 30 HEATMAP
http://www.stockmarketdrama.com/dow30heatmap.php
http://finviz.com/futures_charts.ashx?p=m5
This is a great free site to get some good info about technical analysis.
www.informedtrades.com/trades.php
http://stockcharts.com/school/doku.php?id=chart_school
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns
Charting tools
http://www.stockcharts.com
http://www.chartpatterns.com
http://stockcharts.com/education/IndicatorAnalysis/
http://www.investopedia.com/categories/technicalanalysis.asp
http://www.candlesticker.com/Default.asp
http://candlestickforum.com/PPF/Parameters/16_332_/candlestick.asp
http://www.incrediblecharts.com/technical/candlesticks.htm
http://www.chartpatterns.com/
http://www.investopedia.com/university/technical/techanalysis8.asp
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators
http://www.freestockcharts.com/
http://www.barchart.com/
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