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


at

7 comments:

  1. stocktrader_1996January 14, 2013 at 10:57 AM

    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

    ReplyDelete
  2. Stocks100January 14, 2013 at 11:24 AM

    Hi Stocktrader,

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

    Saleem

    ReplyDelete
  3. stocktrader_1996January 14, 2013 at 1:44 PM

    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

    ReplyDelete
  4. Stocks100January 14, 2013 at 2:22 PM

    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

    ReplyDelete
  5. stocktrader_1996January 14, 2013 at 2:33 PM

    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

    ReplyDelete
  6. stocktrader_1996January 14, 2013 at 2:41 PM

    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

    ReplyDelete
  7. Stocks100January 14, 2013 at 3:12 PM

    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

    ReplyDelete