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Thanks for the heads up sonnyman, I'll look into LNET right now.
Let's take a look at SOQ:
I managed to grab a lot at .92-.93 earlier (the wonders of buy limit orders).
I currently have a sell limit at .98 for a profit a little under 10% for the daytrade (selling tomorrow).
A few analysts are saying GRPN could reach $20 again...good luck with that.
It did have a nice bounce today, it's possible.
Today's tankers:
CGR (-12.13%)
HUSA (-10.13%)
OTT (-12.46%)
PLM (-14.39%)
PWAV (-27.49%)
SCLN (-13.42%)
AAPL hit $628.46 earlier this a.m.
Lock-Up Expiration Could Signal Bottom for Facebook
Published: Friday, 10 Aug 2012
By: Lee Brodie
The Facebook [FB 21.807 0.797(+3.79%)] faithful have been all but confounded by the stock’s action over the past several months. Before the Facebook IPO some pros including Anthony Scaramucci of SkyBridge Capital thought shares would double in short order. But they didn’t.
In fact, questions about the company’s ability to generate profit thwarted bulls with the sell-off slashing shares by about 50% since late May.
And lately the price action has gotten even worse. Over the past several weeks, the stock has been stuck in the mud, with investors fearing an imminent lock-up expiration will drag shares even lower.
Facebook will free up nearly 1.7 billion shares – four times the number now trading – starting mid-August as provisions that had barred employees from selling their holdings begin to expire. However, the stock may be near a bottom.
"Watch how the stock reacts as the flood of shares come onto the market," says trader Josh Brown, author of The Reformed Broker blog. What happens next, he says, is a classic ‘tell.’
“If Facebook doesn’t get rocked below 20 – it may be an all clear sign. It may be ok to own into the 4th quarter,” he says on CNBC’s Fast Money Halftime Report.
Many pros, including OptionMonster Jon Najarian and famed pundit Henry Blodget have told us in the past that $20 was key. At that level, they say Facebook is more fairly valued.
"It’s been a long time since I’ve had anything positive to say about FB,” adds Brown “But there’s no question in my mind that FB will be a dominant Internet company for a long time to come. If you’ve been looking to get in, and the stock holds $20, this may be the opportunity.”
Note on AAPL: I only sold 1/3 of my position last week to pocket some of the profits. I'm still holding the majority of it because I still see $640 on the horizon with the iPhone 5 arriving soon.
Many of the analyst are showing positive sentiment for the stock. It will be interesting to see how they do next week.
Nice website Mike! Is it yours?
I bookmarked it :)
Thanks Mike!
I've used Quest Diagnostics in the past and I must say they're a great company.
I won't be here tomorrow, so best of luck to everyone.
Successful Trades: 13/15 = 87%
*Refer to the Intro/iBox for more information.
Let's take a look at MGM:
With consumer spending and gambling slowing in the past two months for Vegas casinos, it appears MGM is near the bottom. It's looking ready to start running with the bulls relatively soon with potential gains ranging from 15% to 56% depending on how long and when an individual is willing to take profits.
This would be a short term play (a little over half a year).
I'm currently in at $9.30 last week with a sell target anywhere from $11-$15.
Successful Trades: 13/15 = 87%
*Refer to the Intro/iBox for more information.
Weekly Jobless Claims Fall, Trade Gap Drops 10 Percent
Published: Thursday, 9 Aug 2012
By: Reuters
The number of Americans filing new claims for jobless benefits fell last week while the trade deficit in June was the smallest in 1-1/2 years, hopeful signs for the struggling economy.
Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 361,000, the Labor Department said on Thursday, suggesting a modest improvement in the jobs market.
Economists polled by Reuters had forecast claims rising to 370,000 last week. The four-week moving average of new claims, a better measure of labor market trends, rose 2,250 to 368,250...
PPHM...wow!
I had a long day yesterday celebrating a buddy's birthday, so good afternoon! lol
Facebook Ventures into Online Gambling
Published: Tuesday, 7 Aug 2012
By: By Christopher Thompson, Financial Times
Facebook [FB 20.8401 0.1201 (+0.58%) ] is venturing into the world of online gambling with the launch of its first application where punters can stake real money.
“Gambling is very popular and well regulated in the UK?.?.?.?for millions of bingo users it’s already a social experience [so] it makes sense [for us] to offer that as well,” said Julien Codorniou, Facebook’s head of gaming for Europe, Middle East and Africa.
There has long been speculation among investors as to whether Facebook and other social networking sites would introduce gambling products to boost revenues. Zynga [ZNGA 2.98 -0.03 (-1%) ], Facebook’s largest gaming partner, is hoping to introduce real-money gambling versions of its poker, bingo and slot machine games in 2013.
Many markets outside the UK can pose considerable legal risks, however, as regulations vary considerably from country to country. In the US, where the majority of Facebook revenues are generated, the market for real-money social gaming is in effect closed. Regulators only recently began opening the door to certain kinds of online gambling, and only at a state level, presenting significant technical challenges for keeping operations within the law.
Facebook’s move in the UK is a significant development, according to Clive Hawkswood, chief executive of the Remote Gambling Association, a London-based online gambling association.
“Bingo is at the softer end of the gambling spectrum and online bingo often has chat forums alongside, so it’s an obvious match for Facebook,” he said. “A lot of people have said why haven’t they done it before because there’s a difficulty in monetising what they have – this is one way of bringing in revenues.”
Facebook will launch the Bingo and Slots Friendzy app together with Gamesys, one of the UK’s largest online gambling operators, to target the social network’s large online audience.
“We are a distribution platform for Gamesys – they have the games and we bring the audience,” said Mr Codorniou.
He said Facebook was in discussions with other gambling companies about expanding its offerings which could include casino games such as blackjack and roulette, but he said “nothing concrete” had been agreed.
Nevermind, nothing a good old "refresh the page" couldn't fix :)
They still haven't fixed the chart bug issue? A portion of the chart doesn't show up at times...I wonder if it's just me or others are also being affected?
Amazon Takes Aim at Zynga With Social Gaming Salvo
Published: Tuesday, 7 Aug 2012
By: Cadie Thompson
Amazon is joining Zynga in the social-gaming business, and just like the battered Internet game pioneer, it's turning to Facebook to play host to its first entry.
The online retail giant launched its own gaming development team Monday called Amazon Game Studios, along with the the company's first game called 'Living Classsics,' which is built on the Facebook [FB 20.38 -0.34 (-1.64%) ] platform.
The move is curious, considering that Zynga — a major player in social-gaming — has suffered heavy blows from investors recently because of growth concerns.
Zynga [ZNGA 3.005 -0.005 (-0.17%) ], who also builds games on Facebook's platform, has seen its stock plunge about 45 percent in the last two weeks. Meanwhile, the company didn't give much for investors to look forward to when it reported earnings at the end of July.
The company, which makes money off selling virtual goods in games, reported a loss for its second quarter and lowered its full year outlook.
So why would Amazon [ Loading... () ]get into a space that seems to have "risk" written all over it? Some say it's because Amazon's Kindle Fire may give it an edge in social-gaming.
"They (Amazon) are making bets in video, bets in books and now they are making bets in social games. All of these areas, they have an extra play on, which is a device strategy, something that makes that device more valuable," said Mark Mahaney, an internet analyst for Citi, on CNBC's Squawk on the Street.
Amazon has been stepping up its game, so to speak, in the social gaming realm recently. With the launch of Amazon Game Studios, it seems the company has no intention of stopping its momentum.
Last month Amazon rolled out a new gaming platform for the Kindle Fire called GameCircle, which had a new feature that allowed third-party game developers to create social-gaming features.
"The one major advantage that Amazon has is its got this huge platform, so they got the ability to promote games in a way that very few other companies can, if they get a hit, they can juice it up very quickly," Mahaney said.
Amazon made the announcement about its new game developers and their first game on their website, stating that Amazon Game Studios is a new team that is "focused on creating innovative, fun and well-crafted games."
'Living Classics' is a game that features "animated illustrations" from books such as from Alice in Wonderland, The Wizard of Oz, and King Arthur. There is a family of foxes that have been seperated in these different scenes and the player must reunite the family by exploring the different scenes from each book.
While Amazon is giving the social game away for free, the company could profit off selling virtual goods in the game.
Although the company hasn't divulged many details about its new gaming branch, they did mention they are hiring to expand the team.
Still, Amazon shouldn't invest too much into social gaming, Mahaney warned.
"As long as it's a small bet for Amazon, it's okay. If they make a big bet in this area that could be a risk for the stock," Mahaney said.
BBY losing its ground after those buyout talks a few days back. According to analysts, they said it's possible but "difficult" to pull off.
Wednesday's morning movers:
Liberty Media [LMCA 101.09 1.64 (+1.65%) ] - Liberty Media will spin off its Starz unit into a separate publicly traded company, a move it says will give it significant liquidity and also provide more transparency into Starz finances.
Dish Network [DISH 30.08 -0.59 (-1.92%) ] - Dish Network reported second-quarter profit of $0.50 per share, well below estimates of $0.68 per share. The satellite TV provider also lost 10,000 net subscribers during the quarter.
Walt Disney [DIS 50.31 0.50 (+1%) ] - Walt Disney earned $1.01 per share for its third quarter, eight cents above estimates. Disney saw profit growth from media networks, theme parks, and its movie studios, with the success of the film “The Avengers” providing a sizable boost.
McDonald's [MCD 87.30 -1.71 (-1.92%) ] - The restaurant chain saw July same-store sales come in below estimates both globally and in each world region. Weakness in both the U.S. and European economies were among the factors hurting sales.
Macy's [M 38.11 1.11 (+3%) ] - Macy's earned $0.67 per share for the second quarter, three cents above estimates. The retailer credits, among other things, strong spring season results.
Ralph Lauren [RL 148.92 -4.11 (-2.69%) ] - The company reported profit of $2.03 per share for its first quarter, well above estimates of $1.78. However, it also says current quarter revenue will be down in the mid-single digit percentage range.
SodaStream [SODA 42.61 1.36 (+3.3%) ] - The producer of home soda-making earned $0.52 per share for the second quarter, eight cents above estimates, with revenue also beating consensus.
MEMC Electronic Materials [WFR 2.65 0.59 (+28.64%) ] - The semiconductor maker earned $0.14 per share, excluding certain items, beating estimates of $0.01. Its revenue increase was driven by a 22 percent jump in solar-related sales.
Priceline.com [PCLN 579.49 -100.31 (-14.76%) ] - Priceline.com reported a second-quarter profit of $7.85 per share, excluding certain items, compared to estimates of $7.36. But the online travel company also issued an ex-items earnings per share outlook of $11.10 to $12.10 per share for the current quarter, below consensus estimates of $12.76. Priceline cited weakening conditions in Europe as a key factor in the third-quarter forecast.
Express Scripts [ESRX 60.83 4.81 (+8.59%) ] - The company earned $0.88 per share for the second quarter, six cents above estimates, with revenue also beating forecasts. The pharmacy benefit manager also raised its full-year forecast, saying it is seeing cost savings from its acquisition of Medco Health sooner than it had expected, and is also benefiting from the increased use of generic drugs, which carry a higher profit margin.
Knight Capital [KCG 3.0975 0.0375 (+1.23%) ] - The trading firm will fully resume its duties as a designated New York Stock Exchange market maker as of this coming Monday, following last week’s $440 million trading loss and subsequent rescue by a group of investors.
Dean Foods [DF 16.80 4.38 (+35.27%) ] - Dean Foods earned $0.36 per share for its second quarter, excluding certain items, five cents above estimates. The company benefited from both sales growth and cost controls during the quarter.
Zillow [Z 40.66 -1.10 (-2.63%) ] - The real estate website operator earned $0.04 per share for the second quarter, matching analysts' expectations, and also gave a current-quarter outlook in line with Street expectations. Zillow's profit was below year-ago levels, due to costs related to its acquisition of software company RentJuice.
Bloomin’ Brands [BLMN 11.00 --- UNCH (0) ] - The company will debut today on Nasdaq, after pricing its initial public offering at $11 per share, below the expected range of $13 to $15 per share. The company is the parent of several well-known restaurant chains, including Outback Steakhouse, Bonefish Grill, and Carrabba’s Italian Grill.
AstraZeneca [AZN 47.019 -0.191 (-0.4%) ] - AstraZeneca and British partner BTG have scrapped an experimental drug for severe sepsis after the drug failed to help patients in a mid-stage clinical trial.
Starbucks [SBUX 45.2282 -0.0818 (-0.18%) ] - The coffee retailer is planning to offer a new mobile phone payment option, in a partnership with Bay Area company Square.
Morgan Stanley [MS 14.52 0.02 (+0.14%) ] - The firm is said to be considering shutting down offices and cutting staff, according to Reuters. The closures under consideration may include closing brokerage officers, laying off support staff, and requiring some branch managers to also generate revenue as advisors.
—By Peter Schacknow
The analysts were right for once...PCLN was too expensive near those $700 levels lol. Down over 10% today
Morning :) Coming Up This Week:
TUESDAY: 3-yr note auction, Bernanke speaks, consumer credit; Earnings from Disney, Priceline.com, Express Scripts
WEDNESDAY: Weekly mortgage apps, productivity & costs, oil inventories, 10-yr note auction, AmEx investor mtg, Kodak patent auction, McDonald's same-store sales; Earnings from Computer Sciences, Dean Foods, Macy's, Ralph Lauren, Rio Tinto, Soda Stream, NewsCorp
THURSDAY: International trade, jobless claims, wholesale trade, 30-yr bond auction, Manchester United pricing; Earnings from Advanced Auto Parts, Kohl's, Nordstrom
FRIDAY: Import/export prices, USDA crop production report, Manchester United IPO; Earnings from JCPenney
Coming Up This Week:
TUESDAY: 3-yr note auction, Bernanke speaks, consumer credit; Earnings from Disney, Priceline.com, Express Scripts
WEDNESDAY: Weekly mortgage apps, productivity & costs, oil inventories, 10-yr note auction, AmEx investor mtg, Kodak patent auction, McDonald's same-store sales; Earnings from Computer Sciences, Dean Foods, Macy's, Ralph Lauren, Rio Tinto, Soda Stream, NewsCorp
THURSDAY: International trade, jobless claims, wholesale trade, 30-yr bond auction, Manchester United pricing; Earnings from Advanced Auto Parts, Kohl's, Nordstrom
FRIDAY: Import/export prices, USDA crop production report, Manchester United IPO; Earnings from JCPenney
Today's Tankers:
ALC (-11.42%)
CNIT (-9.28%)
EGT (-15.27%)
FTEK (-10.89%)
HEK (-18.99%)
IPHS (-7.11%)
IQNT (-12.36%)
LEAP (-21.32%)
NIHD (-25.74%)
NLS (-18.51%)
SGMS (-27.13%)
SHZ (-10.42%)
TPC (-15.66%)
WMS (-20.1%)
Today's Tankers:
ALC (-11.42%)
CNIT (-9.28%)
EGT (-15.27%)
FTEK (-10.89%)
HEK (-18.99%)
IPHS (-7.11%)
IQNT (-12.36%)
LEAP (-21.32%)
NIHD (-25.74%)
NLS (-18.51%)
SGMS (-27.13%)
SHZ (-10.42%)
TPC (-15.66%)
WMS (-20.1%)
lol
Great list! I might have to start putting you on payroll for all the hard work lol.
LOL With a desert like that it's no wonder why Starbucks wanted to work with CRMB.
AAPL hit $624.87
*Refer to the Intro/iBox for more information
I stepped away from my computer to grab some breakfast and this is what happens...missed it -sigh-
Welcome to the board MT!
Today's Tankers:
ALC (-15%)
AONE (-7.65%)
CPRX (-6.15%)
EXEL (-8.70%)
GNK (-8.85%)
HCA (-6%)
IPG (-9.02%)
KCG (-24%)
NMM (-3.32%)
PKD (-4.26%)
RAIL (-11.82%)
SAPX (-7.76%)
AAPL touched $619 earlier this a.m.
*Refer to the Intro/iBox for more information
Wow, another 30% potential if it goes through...I might have to do some serious DD right now.
KCG down 24%, this company can't make up its mind lol
Morning :)
Wow, who knew that Fibonacci extended into biology. It's no wonder why we use it in Technical Analysis as well.