3SOF

I made Ebay charts yesterday based for elliott wave theory as well as IBM, but this forum site looks a bit too small post them, I noticed my previous chart was very hard to read in here because of it´s size.

So, I rather keep it in my own blog, but any comments are wellcome in this web page.

However, according to this setup together with IBM chart and some other´s individuals
stocks EW counts I haven´t published, I think this market has made or is making now serious bottom.

Certainly, there´s small rally as SP stands now at 1352 after Intel conference call and stock seems to have serious troubles still get over important 22,50 $ (fibonacci resistance) leve. Oil forming also in last wave 5, what do you think ? Or am I just a lucky one found individual stocks making something completely different as stockindex does ?

Regards,

-D



http://just-charts.blogspot.com/

Mamma mia, that´s what you can call dead for "funny money strategies".

Good call, I hope you shorted it! Generally I think 50/50 straddles works best way
with these shortsqeeze "funny money stocks". Firstly, there´s reason market shorting
them and secondly any surprizing news blow them to either direction.

Only problem is that sometimes market knows there´s big move coming behind the
corner and for that reason pricing "delta" to be very expensive, didn´t check crox
prices anymore but at least JOSB call and put sides were very expensive one´s 2 weeks ago,
meaning that buyer will have to expect a lot of theta value.

-D

Well, I think there´s not so many stocks exist can avoid GE and dow Stocks power.
Crox went up over 20% in a week, so, should assume it takes now a bit correction,
perhaps there´s double bottom you´re searching for ?

However, I am still at the shortside regarding to complete market. This correction didn´t end yet.

Where´s surprising part of it ? 


Regards,

-Daiwa, scanning stockmarket end-week coral reefs... 

http://just-charts.blogspot.com/


General Electric posted a surprising first-quarter earnings miss Friday, deflating investors' hopes that the conglomerate could rise above an economic slowdown.

Shares of GE - a Dow Jones industrial average component - tumbled 9.5% in premarket trading, and the results sent stock futures tumbling.

GE's (GE, Fortune 500) reported net income fell 6% to $4.3 billion after reporting income of $4.6 billion in the first quarter of 2007.

Earnings from continuing operations were 44 cents per share, down from 48 cents per share a year earlier and well below the 51-cent-a-share consensus forecast of analysts polled by Thomson Financial

Only once since the start of 2006 has GE failed to deliver earnings that exactly met First Call's forecast, according to the earnings tracker. That was in the second quarter of 2007, when it beat the earnings per share forecast by a penny.

With businesses in a multitude of sectors, such as health care, finance, energy, consumer electronics, industry and media, many consider GE to be a barometer for the health of the U.S. economy.

But even with strong exposure in markets overseas, the multi-faceted corporation could not avoid taking a hit to its financial services division amid a U.S. credit crisis.

"Our primary shortfall was a decline in financial services earnings," said GE chairman and chief executive Jeff Immelt. "We knew the first quarter was going to be challenging, but the extraordinary disruption in the capital markets in March affected our ability to complete asset sales and resulted in higher mark-to-market losses and impairments."

Sales rose 8% to $42.2 billion, which missed analysts' forecast of $43.7 billion. A year ago, GE reported revenue of $39.2 billion.

"While we are disappointed with our results, the fundamentals of our businesses are strong," Immelt said. "Nevertheless, we failed to meet our expectations.

Jos. A. Bank Clothiers, Inc. (JOSB) reported Q4 EPS results of $1.44 vs. $1.36, 6c above the consensus EPS estimate on in line sales growth of 7.6%.  Heavily-shorted JOSB shares were recently up 19%

Thursday, JoS. A. Bank Clothiers, Inc. (JOSB), a Men's clothing retailer, announced financial results for fiscal 2007, reporting a net income that increased from the previous year on higher revenues. After the announcement of results, the company's stock surged more than 15% on the Nasdaq.

JoS. A. Bank Clothiers's fiscal 2007 net income increased to $50.17 million or 2.72 per share from $43.22 million or $2.36 per share in the prior year. On an average, six analysts polled by First Call/Thomson Financial estimated the company to earn $2.66 per share for the quarter.

The company said fiscal year 2007 contained 52 weeks and fiscal year 2006 contained 53 weeks. This is in line with the National Retail Federation's 4-5-4 week calendar.

Net sales for the year rose 10.5% to $604.01 million from $546.39 million in the previous year. Wall Street analysts expected the company to post revenues of $605.63 million for the quarter.

For the 52 weeks of fiscal 2007, Direct Marketing sales increased 13.1%, compared to the first 52 weeks of fiscal year 2006. Comparable store sales rose 3.8%.

The Hampstead, Maryland-based company's fiscal 2007 gross profit grew to $378.65 million from $338.44 million in the same period a year ago.

Total operating expenses were $295.90 million, up from $265.34 million last year, while operating income climbed to $82.75 million from $73.10 million in the prior year.

The company's total cash and cash equivalents were $82.08 million as of February 2, 2008, compared to $43.08 million as of February 3, 2007.

Technically speaking, troubles ahead.



Regards

Daiwa
http://just-charts.blogspot.com/

Same story as with GTLS boys, just another shorting tool now.

Congratulations BigScully - You spotted nice new impulse there.
I think I am going to use your pattern later if waves will not get
extended. However, there´s shorter timeframe bearish triangle approaching
as first impulse most likely coming to the end somewhere between 40-43$.
Sorry to have this big area, but daily candles won´t tell more exact area.
It should marked also neckline resistance to the same area.

Certainly any pattern can broke upside also and it´s possible stock would take
after runaway completes only small correction. There´s not much data available as IPO has been just few years ago, but this is kind of warning for me when you starting to get waves
breaking for elliott wave mode.

And we´re travelling....

There´s also still big buyers in derivative call side, yesterday another 5000 25 $ april calls were changed hand. I do have 90/10 derivative strategy for this meaning 10% protective puts against of 90 % of calls (long), they are mostly likely worthless allready, but it´s a small insurance cost if sometimes entry on the wrong place for long position.

Your overbought entry getting even more overbought 

I made some technical work for your HOKU chart with comments if you don´t mind. Overall this is bullish view and I like the fact that stock took correction for 50%. 38.2% and fib 50% lines as those are the one´s most likely starting new impulse for upside (elliott waves terminology).



Regards,


D
http://just-charts.blogspot.com/

Thank You, yes, it was good technical point for entry, were just a bit wondering where to exit. Well, have to count labels on next weekend...

Btw. I think this forum works upsidedown, it´s mad work to roll these messages because oldest one have to see first - any chance to change it working other way putting most new message to the top ?

Regards,

-D
http://just-charts.blogspot.com/

http://www.crocs.com

Crox shoes rocketing 

This is indeed very funny market, with PE-8, EPS-2 and shortfloat over 50% + Bullish Wedge comes to the end...all this seriously gave good runaway platform, but the real question comes where to exit ? We are up now +25% in 6 session, 25 - 30 $ area good to execute or should I start counting new impulse waves ?

On the other hand those shoes are unseasonal products...

http://bp0.blogger.com/_Wt9bhJccdPw/R-8O18RseHI/AAAAAAAACKk/z9JeVk-QRTs/s1600-h/Crox.gif


Regards,

-D
http://just-charts.blogspot.com/


Lates newsflow for Crox>

Niwot     , Colo.     , March 27, 2008   –  Crocs, Inc. (NASDAQ: CROX) was recently honored with the Executive Director's Award from the American Podiatric Medical Association (APMA). The award recognizes CrocsRX™, a leader in medical shoe sales, as making a significant contribution to the advancement of podiatric medicine in 2007. The award will be presented at the APMA's Annual House of Delegates Meeting in Washington, DC on April 7, 2008.

"The APMA is the leading voice in podiatric medical care, so it is a huge honor to receive their highest award," said Eddie Scott, Director of CrocsRX™. "We look forward to continuing to work with APMA to offer ergonomic footwear and bringing those solutions to market for consumers."

"The APMA is committed to improving the quality of life for individuals suffering from a variety of health-related ailments through podiatric solutions," said Dr. Glenn Gastwirth, Executive Director of the APMA. "We are pleased to recognize CrocsRX™ for advancing footwear alternatives for these patients while offering fashionable designs that protect while relieving pain."

A specialty footwear line designed for people with specific medical and therapeutic, podiatric conditions, the entire CrocsRX™ product line has received the APMA Seal of Acceptance based on a myriad of podiatric standards. Included in the CrocsRX™ line are three distinctive styles – the Relief (MSRP: $39.99), Cloud (MSRP: $39.99) and Silver Cloud (MSRP: $49.99). All three styles combine specialized features to reduce foot discomfort, including Crocs' proprietary Croslite™ material which conforms to the foot to create a truly customized fit.

To learn more about CrocsRX™ footwear, or join the more than 3,000 doctors that either recommend shoes from the CrocsRX™ line to their patients or distribute CrocsRX™ models directly through their offices, visit www.crocsrx.com.   

Seems that volyme started to show buy interested participants action now, in friday afternoon there was huge diagonal straddle deal buyer on the market, he bought this month contracts as strike 25$ calls over 6000 and also 25 $ put options over 6000 contracts. This was over half of all open options available for the stock. While this position was build stock went very high volatility, ending up the day around +4%.

Next 2 weeks should be interesting.

How about JOSB clothing guys ? I don´t think we can go much further with these mad numbers, allmost 90% of company shares are shorted (borrowed). PE Ratio stands as 8, same as Crox does. I had found that diagonals in bear market can be very lazy to take move upside, but should this stock have extra powerfull support located at fib .618% ? In elliott wave terms we might have good chance to make a handshake with new impulse wave 3 - which is allways most powerfull.

(I made a few charts to view them full size just click them if interested)

http://just-charts.blogspot.com/

Thoughts & Arguments ?

Regards,

-D