Indices are mixed with Dow in green.
S&P 500 @ 1468.46, low today 1465.69
Internals are negative.
Oil UP 6 cents
Gold UP $8.70
Canadian $ UP 5 tick @ 101.64
VIX UP 1.35% @ 13.54
Portfolio is APKT,CF,KORS,JCP,TCK,YUM
Most stocks are down
@ 1.47 following are green :
APKT,CF,KORS,JCP,AMZN,PCLN,HMC,
YHOO,SCCO,M,LULU,EXPE,AEM,GG,
EGO,SLW,RIMM,PANW,FNSR,MON,
CCJ,WYNN,AGU,IBN.....
LEN reports before open
BLOG does NOT give buy or sell.
Saleem
7 comments:
Hey Saleem,
I sold off CRUS at 28.712 (rough price today I know, but still middle of the last month's range at least). Even though I like the longer term prospects of the stock, this price action tells me more downside might be coming this week in a real shakeout scenario. Either way, I want to be liquid to think about it a little more for now.
Stocktrader
Hi Stocktrader,
Based on the TAPE today, you did the right thing in selling CRUS....
Saleem
Hey Saleem,
LULU response an overreaction? I bought some for my trading account in AH at 66.75, but will have a bigger decision tomorrow.
Stocktrader
Hi Stocktrader,
LULU margin is under pressure, they are doing lot more discounting than before / ever....
Their increased guidance fell short of Wall Street consensus in sales & new EPS is now in-line with Wall Street......
LULU was a high growth story which has slowed a lot as competition is finally catching up.....
Hard to tell IF its an "over-reaction".....
Saleem
Hey Saleem,
You know this story better than me, but aren't they notoriously conservative in guidance? There's still a couple weeks left in the quarter so leaving some wiggle room makes sense?
Stocktrader
Hey Saleem,
This gives some added comments also:
http://www.reuters.com/article/2013/01/14/lululemon-forecast-idUSL2N0AJCWJ20130114?feedType=RSS&feedName=marketsNews&rpc=43
Some good parts, some bad--will be interesting tomorrow.
Stocktrader
Hi Stocktrader,
As we all know that there are many good stories in retail..so why deal in something which is south.......
I do indulge in some "hope & turnaround story" like JCP.....where "price is right"......
Anyway...any stock is good IF one can make money...that could include LULU......"IF current price is right"
You know, i always wish you well & good fortune with every trade.
Saleem
Post a Comment