Germany & Chinese economic data is giving a huge lift to Indices all over the world.
2012 is off to a very good start.
Internals are positive by about 3 to 1.
New 52 wk highs are in the lead, with 204 in NYSE & 71 in Nasdaq
S&P 500 high so far is 1284.62, next resistance to take out is 1292.66, RSI 60.44
Oil UP $3.66
Gold UP $32.70
Canadian $ UP 79 tick @ 98.94
VIX Down 1.71% @ 23.00, muted reaction so far?????
In my portfolio :
Sold SNDK
Bought AMZN @ $177.22
Bought FIO @ $26.95
Portfolio is AMZN,FIO,LVS,M,RIMM,RVBD
Here is my current (real time) portfolio weighting :
AMZN 24.14%
RIMM 19.21%
LVS 19.02%
M 15.36%
RVBD 12.41%
FIO 9.86%
Market exposure 106%
Most stocks are UP
@ 2.15 following are RED :
SNDK,COH,VMW,BWLD,MA,ARUN,ULTA,
SBUX,BJRI......
BLOG does NOT give buy or sell.
Saleem
17 comments:
Saleem
Very good day, I think we will see 1300 on sp before we rest up. Our RIMM is rocking but i am caution now since it is at the upper downtrend line. We might see 20 again if we break it. Finger cross....
Hi Up,
Your new year optimism is right on the money.......
RIMM $20 is doable......
Good luck with RIMM & other stocks in your portfolio.
Saleem
UP
we may see S&P 1300 today
Lots of enthusiasm
C
Hey Saleem/c,
APKT just warned. The uncertainty concerning the AT&T/T-mobile merger persisted until late in the Q, but that final resolution is what made me buy it for 2012. I wonder how the stock will act now?
Stocktrader
Opened around $25.50.
Stocktrader/ SALEEM
Happy New year
What a surprise APKT hit the skids
Now what to do
current price is $26.65
should we wait till tomorrow>
C
Hi Stocktrader,
APKT 2nd warning in a row is not a good sign of execution.
APKT is reducing EPS by 10 cents in Q4......that is a serious miss.
I suggest trade out & put money to work in better execution stocks....
Saleem
Hi C,
You genrally get better price AH vs opening next day.....
Take your money & put in something else......imho
Saleem
Saleem
thanks for response!!!!
Ouch
Sell time
thanks again
SALEEM
I got out -- wow what a disappointment.
APKT - 05:32:07
Sold 100s @ $26.55 - Total: $2,647.94
Hi C,
You got better price than recent trade of $26.25......
Good luck with proceed.....
Saleem
Hey Saleem,
The call just ended and I thought it was encouraging despite the miss. I'm going to stick it out a bit longer as I think the story is just delayed and not changed.
The one problem for sure is that their regular earnings call won't happen until 2/2, so I'm not sure there's a huge impetus for anyone to jump in ahead of that. If we get one of those morning charges toward unchanged, I will probably lighten up some...
Stocktrader
Of note, their Q4 bookings for North American service providers was only up 5% YoY (citing uncertainty) while the non-US service providers and both US & non-US enterprise bookings were up 40-55% YoY.
Hi Stocktrader,
Based on my analysis of APKT complete press release, they are struggling in US......
US market execution is causing stress in their EPS.....
I am of the view that, APKT may ratchet down their Sales & EPS to meet expectations in future.....BUT it may all be in the stock price by Friday of this week......
Saleem
Hey Saleem,
To your point, they did talk about providing more conservative guidance in the future so that their company wasn't as vulnerable to single vertical shocks like this as much in the future, thereby relieving some of the stress they experienced this quarter to push other deals.
On that topic, they said 60 of their deals categorized as having a >50% chance of closing in Q4 and worth $14M slipped into Q1 for resolution.
Stocktrader
Hi Stocktrader,
I am sure you have done serious due diligence when it came to APKT cc & press release.
Good luck in your APKT holding.
Saleem
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