Monday, January 14, 2013

Indices Mixed.....

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:

stocktrader_1996 said...

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

Stocks100 said...

Hi Stocktrader,

Based on the TAPE today, you did the right thing in selling CRUS....

Saleem

stocktrader_1996 said...

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

Stocks100 said...

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

stocktrader_1996 said...

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

stocktrader_1996 said...

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

Stocks100 said...

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