$PAY: Barron's(12/31) Beaten-Down VeriFone Could Climb 35%

Barron's(12/31) Beaten-Down VeriFone Could Climb 35%
Dec 29 at 00:08
Profile hits: NONE

By Alexander Eule

 Change is usually accompanied by anxiety. with the emergence of the
digital wallet, investors are taking it out on VeriFone Systems, the dominant
maker of payment-card terminals found on retail counters. Among the top 1,000
U.S. retailers, VeriFone has 70% of the terminals. Investors are worried the
business could evaporate as merchants use smartphones and tablets to accept card
payments.
      Always a volatile stock, VeriFone has had its shares cut in half since
April, to a recent $28.70. Investors are now valuing the stock at just nine
times fiscal 2013 earnings, versus a 10-year average of 18. VeriFone's fiscal
year ends in October.

(HLF) Herbalife (NUS) Nu Skin: Suspect Ponzii Scheme Stocks That Look To Continue Lower

Barron's: Ackman Spares No Venue In Trying To Extinguish Herbalife

  Activist hedge-fund manager Bill Ackman launched a remarkable crusade
Thursday by renting a Manhattan auditorium to make a three-hour, 334-slide
argument that the $5 billion New York-listed Herbalife is worth zero. Funds
run by his Pershing Square Capital Management have a large short- sale bet
against the stock (ticker: HLF) of the multilevel marketer of vitamins and
weight-loss shakes.
      In TV appearances last week and a new Website (factsaboutherbalife.com),
Ackman alleged that Herbalife is a pyramid scheme, which is illegal. The Los
Angeles-based outfit should be targeted by regulators, said Ackman, but soon
enough will run out of new recruits to push its products. His firm estimates
that millions of people have lost $3.8 billion in failed attempts to get rich
by recruiting still other people to buy and sell Herbalife items.
      The company has vigorously denied such charges in the past and said it
will hold an analyst meeting during the week of Jan. 7, 2013 to respond to the "
distorted, outdated and inaccurate information" from Pershing Square.
Herbalife's furious Chief Executive Michael O. Johnson called Ackman's
allegations "bogus" and seemed to threaten the money manager -- telling CNBC
that "the United States will be better when Bill Ackman is gone."
      The money manager pledged to make a charitable donation of his profits
from the short sale, including a guaranteed donation of $25 million to the Ira
W. Sohn children's cancer foundation, which co-sponsored Ackman's unusual Dec.
20 jeremiad. With just a few days left before Pershing Square's year-end
performance measurement, the firm's Herbalife position will likely benefit from
the stock's 38% drop on the week, to $27.27.
      The shares are down 40% since Barron's warned that Herbalife and
multi-level rival Nu Skin (NUS) disguised the failure rates of their recruits
("Where Beauty Is Skin Deep," May 14). Nu Skin shares fell last week to
$34.51, leaving them some 18% below their May level.


 Tim@affinitytrading.com

 ***DISCLOSURE: Looking to continue shorting (HLF) (NUS)

 This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Facebook target raised to $33 from 28 at Cantor Fitzgerald

Facebook target raised to $33 at Cantor Fitzgerald -- FB
continues to win on mobile (Stock Price: 27.71)
Dec 19 at 06:39
Profile hits: QU2

  Cantor Fitzgerald raises their FB tgt to $33 from $28 on: 1) rollover
of their DCF-derived PT to FY13 from FY12, 2) more confirmation of Facebook's
traction on mobile with user-engagement showing material acceleration in
November, and 3) growing mobile monetization. In all, they view Facebook as a
prime beneficiary of growth in mobile advertising/e-commerce and view its shares
as an attractive play on this trend.


Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com

***DISCLOSURE: Long (FB)


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Juggernau​t Trading's Essential Equities Webinar on Proprietary Trading

January 8th
Location: Legend Trading's Office or attend remotely via webinar Classroom "A"
45 Broadway, NY NT 10006 32 Floor
Time: 7pm
Cost: FREE

Register Here:  Juggernau​t Trading's Essential Equities Webinar 

Tim will be providing a topic review for his 5 Day Live "Essential Equities Trading Course" given during live market trading hours November 12th through 16th. In Depth Topic reviews and pointers will be given covering the course content listed below. Tim will be using live trading simulations to review recent events in the markets and how they pertain to these essential fundamental topics. If your beginner or even a seasoned veteran trader don't miss this rare opportunity to review these essential topics that apply to most successful traders in our constantly evolving dynamic market.

Tim Kelleher has been in the middle of the electronic securities trading industry for the past two decades. Beginning at Instinet in 1992, Tim moved on to Broadway Trading in 1997 where he became a full-time trader. Trading with the Boca Raton Broadway "SOES Bandits", Tim developed a style and eye for momentum trading and scalping. Over the years Tim has founded and worked with several top trading, and trading education companies. He excels in pre-market trading events, as well as trading morning gaps and opening inefficiencies. Tim is also versed in and employs intra-day trending trades, capitulation trades, fundamental news trading, and technical analysis-based trades. In almost 20 years of trading, Tim has extensive experience with most types of profitable trading styles.


Tim is a registered Legend Trading LLC Associated Person and Affinity Trading Institute Contributor 

Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

$AAPL could break $500 hard tomorrow in the early am

Barron's Blog/Tech Trader Daily: AAPL: Citi Cuts to Hold, Target to $575 on Rising iPhone, Tablet Competition

 http://www.zerohedge.com/news/2012-12-16/citis-apple-coverage-tag-trio-downgrades-aapl-neutral-price-target-cut-100-575



Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com

 ***DISCLOSURE: Looking at AAPL short tomorrow early

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(RIMM) 50 day moving average looking to cross the 200 day

 https://www.youtube.com/watch?v=nH3-sCGExkc




Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com

***DISCLOSURE: Long RIMM

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Monday Stocks To Watch: (MW) Bad News is Priced In (GRPN) Soars on (GOOG) Potential Bid

 (MW) Barron's -  Hey There, Handsome Dec 8 at 00:08

     Shares of Men's Wearhouse came apart at the seams last week after the retailer of men's tailored clothing reported disappointing third-quarter earnings and sharply reduced its fourth-quarter and full-year profit guidance. The stock opened 12.5% lower on Thursday morning, and ended the week off 6%, at $30.48.  
     Don't believe us? Prices for men's apparel have climbed by more than in any year since the late 1980s, an indication of strong demand. And department stores such as Macy's (ticker: M) and Nordstrom (JWN) have said men's clothing is among their fastest-growing departments.
      What's more, the bad news seems fully reflected in the company's shares
(MW). After its dressing-down, Men's Wearhouse trades for just 10.3 times estimated earnings of $2.97 a share for the fiscal year ending January 2014. That's well below other specialty-apparel chains and near the bottom of the company's historic valuation range. Back out $2.71 in net cash per share, and the price/ earnings ratio is even lower. If traffic rebounds next year, as expected, the shares could rally 25%, to $38. Investors can console themselves with a 2.4% dividend yield while they wait.


 (GRPN) Barron's Blog/Tech Trader Daily: GRPN Soars 23%: Google Might Consider a Bid, Says Bloomberg Dec 7 at 19:46

      Could the $6 billion deal that never happened be back on the table?       Bloomberg's Douglas MacMillan this afternoon writes that the rise today in Groupon ( GRPN) shares of 88 cents, or 23%, to $4.69 was prompted by rumors that Google ( GOOG) might consider bidding for the company, citing remarks by Tom Forte of Telsey Advisor Group.
      Google and Groupon representatives declined to comment to MacMillan, he notes.
      Groupon also, apparently, canceled an upcoming appearance at an investment conference hosted by Sterne Agee, it was reported earlier today by wire services.
      Google was rumored to be shopping for Groupon two years ago, and willing to pay $6 billion, but was ultimately rebuffed by Groupon before the e-commerce company went public, according to press reports at the time.
      Google shares ended the day down $6.92, or 1%, at $684.21.

 


Thanks for checking - Feel free to contact me regarding trading services, FREE education and access to my daily guest appearance broadcast. Tim@affinitytrading.com 

 ***DISCLOSURE:  No relative positions

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Barron's Likes (WYN) (LUK) (JEF) Hates (DELL) (MSFT)

Barron's (11/19) Check In To This Hotel Stock

       With 7,260 hotels under its umbrella, including the Days Inn, Super 8, Wyndham, Ramada, and Howard Johnson chains, Wyndham Worldwide is the world's largest hotel franchisor. It is also the world's largest operator of time shares, with 180 resorts and 915,000 owners.  But if its properties are pretty easily recognizable, Wyndham (ticker: WYN) clearly is not, and that's reflected in its stock price. Wyndham trades at 13 times consensus earning estimates for 2013, compared with 17 price/earnings for Marriott International (MAR) and 19 for Starwood Hotels & Resorts Worldwide (HOT).
      This is a steady operation, with 60% of revenue coming from fee-based services, including franchise arrangements, property management, and memberships. But until recently, the company has gotten little respect from investors, in part due to the supposed taint of time shares.That's changing, as Wyndham puts up increasingly better numbers.
    The company is expected to earn $465 million, or $3.22 a share, this year on revenue of $4.5 billion; that's up from $2.49 a share last year and headed to $3.67 a share in 2013, based on analysts' estimates. The stock is up 42% over the past 52 weeks, to near $49, and could grow another 20% over the next year. It yields 1.9%.

Barron's (11/19) Big Deal For A Baby Berkshire
 
      It's one of the oddest marriages in Wall Street history, and it may work.  Leucadia National, a super-low-profile conglomerate that amounts to a small- scale Berkshire Hathaway, agreed last week to pay about $2.6 billion in stock for Jefferies Group, the scrappy securities firm that survived a financial scare last year after the collapse of MF Global.
      The deal offers benefits to both. For Leucadia (ticker: LUK), it solves a leadership-succession issue because the CEO of Jefferies (JEF), Richard Handler, 51, is slated to head Leucadia after the closing of the deal expected in next year's first quarter. The current duo that have led Leucadia since the 1970s,
Joe Steinberg and Ian Cumming, are 68 and 71, respectively.

 Barron's(11/19) Tech Trader: Trouble Mounts In PC Land, As Dell Deeply Disappoints

By now you know the heir apparent at Microsoft has left the building. Steven Sinofsky, who ran Microsoft's Windows division, worth 25% of the company's annual revenue and more than half its operating profit -- and who worked at the company for 23 years -- announced Monday he was leaving for "personal reasons."
      There's not a lot to be gleaned from Sinofsky's departure about the immediate health of Microsoft (ticker: MSFT).

 Dell's stock is cheap, but that isn't a reason to bid for it as long as the PC business is a millstone around its neck, says Tony Ursillo of Loomis Sayles, which doesn't own the stock. "When the fundamentals are bad, a stock is never too cheap," is what Ursillo says about Dell.



Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com

***DISCLOSURE:  NO RELEVANT POSITIONS - BEST IDEA - WATCHING DELL FOR EARLY SHORTS AND NEW DAILY LOWS


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(NTAP) Beats on EPS - 3 Upgrades to the $40 Range - 1.5 Bil Repurchase

NetApp announces additional $1.5B for share repurchase program
NetApp sees Q3 $0.53-0.58 vs $0.54 Capital IQ Consensus Estimate; sees revs $1.575-1.675 bln vs $1.62 bln Capital IQ Consensus Estimate


Stifel Nicolaus: NetApp results, guidance positive,  says  - maintains a $42 target and Buy 
Raymond James:   upgraded shares from Market Perform to Outperform with a price target of $35.
Deutsche Bank: maintains a Buy rating on the name with a $40 price target.




Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com

***DISCLOSURE: LONG (NTAP)

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Hurricane Stocks To Watch (BIDU) (TUMI) (HD)

(BIDU) Baidu.com beats by $0.09, reports revs in-line; Guides Q4 Revenue Below Street

(HD) Hurricane Sandy may cut November SSS by up to 3%, Bloomberg says   Hurricane Sandy, while benefitting some supermarkets and home-improvement retailers like Home Depot (HD), may cut same-store-sales for November by up to 3%, according to a Bloomberg report that cites Citigroup (C) analyst Oliver Chen. Chen said that American Eagle (AEO), Limited Brands (LTD), and Urban
Outfirres (URBN), are among companies that have the highest percentage of stores in the area directly affected by Sandy. 

(TUMI) Tumi beats by $0.03, beats on revs; raises FY12 guidance

(AMTD) TD Ameritrade Tops Q4 Estimates, Sets 2013 Guidance in Range that Straddles Street View

(MSTR) MicroStrategy reports Q3 EPS 43c, consensus 84c -   Reports Q3 revenue $143.2M, consensus $150.07M.

(HLF) Herbalife beats by $0.03, beats on revs; guides Q4 EPS above consensus; guides FY13 EPS in-line (Stock Price: 50.60 Change: +0.65)

(PMCS) PMC-Sierra Beats on Q3 Earnings, Shy on Revenue


Up coming FREE Seminar:

Juggernau​t Trading's Essential Equities Webinar

Nov 7 4:30 pm – 6:00 pm ET

REGISTER HERE: http://affinitytrading.com/event_schedule.html



 ***DISCLOSURE:  Short (FB)



This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Barron's "Sorry, Facebook Still Isn't Likeable" Up coming FREE Seminar Link

Barron's(10/29) A Return Visit To Earlier Stories: Sorry,
Facebook Still Isn't Likeable

By Andrew Bary

      (From BARRON'S)
      Wall Street took comfort from Facebook's better-than-expected third-quarter earnings release last week, but the report underscored some of the challenges the company faces as it ramps up advertising to win over the investment community.
      Facebook (ticker: FB) looks overpriced after rising $2.94, or 15%, to $21.94. It now trades at 43 times projected 2012 per-share profit of 51 cents and 34 times estimated 2013 earnings of 64 cents. Google (GOOG), in contrast, wins 17times projected 2012 net.
      Facebook's price/earnings ratio is significantly understated because analysts ignore roughly 20 cents in annual stock-based compensation, stemming from generous restricted-stock grants to employees. Outside the tech sector, analysts regularly treat stock-based compensation as an expense -- it is, after all -- but tech companies encourage the Street to ignore it in their "pro forma" earnings calculations. If this is factored in, the 2013 P/E rises to 52.
      Barron's has been bearish on Facebook since before it went public in May. In a cover story ("Not a Fan of Facebook," Sept. 24), we argued that the shares could fall to $15. If revenue and profit growth falter, that scenario could play out. The stock is down about 4% since the article ran.
      Facebook netted 12 cents a share in the third quarter, a penny above the consensus estimate. Revenue, at $1.26 billion, slightly exceeded expectations, while sales were 32% above the level a year earlier. This prompted some analysts to boost their 2012 profit projections, with the consensus rising two cents,
to 51 cents a share.
      Analysts like Facebook's aggressive attempt to generate ad revenue from its growing base of mobile users. Mobile accounted for 14% of third-quarter ad revenue, up from zero early this year. "We're just getting started with our mobile-product development and monetization," Facebook CEO Mark Zuckerberg said on the company's earnings conference call.
      While mobile-ad growth is up sharply from a low base, desktop ad-revenue gains have slowed compared with a year earlier. Such revenue was up 17% in the third quarter, versus 26% in the second. But desktop ad revenue slid an estimated 5% in the third quarter, relative to the second quarter.
      BTIG analyst Richard Greenfield wrote that the Facebook conference call should have been called the "Facebook Monetization Handbook" as management noted many initiatives to wring revenue from its user base of one billion. He contrasts that with Facebook's high-minded emphasis on the user experience in
its initial public offering prospectus. The pressures of a weak stock price --which have hurt employees' morale and pocketbooks -- seem to be changing Facebook's priorities.
      "It's hard not to feel like the user experience has taken a 'back seat' to monetization," Greenfield wrote. Facebook is ramping up "sponsored stories" -- a.k.a. ads, in users' mobile news feeds. That may turn off those who view these as annoying, not informative. "While a compromised user experience is likely to
have little impact on near-term earnings, it is critical to long-term engagement and the long-term viability of the platform," Greenfield wrote. Mobile users also may not spend as much time using Facebook because their experience tends to involve quick visits to Websites, not the more prolonged engagement of the
desktop.
      All this suggests that Facebook's problems aren't over.


Up coming FREE Seminar:

Juggernau​t Trading's Essential Equities Webinar

Nov 7 4:30 pm – 6:00 pm ET

REGISTER HERE: http://affinitytrading.com/event_schedule.html


 ***DISCLOSURE:  Short FB


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(FB) Is On FUEGO! - Short Squeeze - Revenues Beat - 5 Large Upgrades

Facebook --- Stifel Nicolaus Upgraded to BUY (from Hold) - Price Target: 26

Facebook --- Cantor Fitzgerald Reiterated BUY - Price Target: 28 (from 26)
Facebook upgraded at BofA/Merrill Price target raised to $31 from$23.
FB: Upgraded - JAGNote by Citigroup - The firm upgraded shares from Neutral to Buy.
FB Upgrades at Jeffries to $32

Registration Link for my upcoming FREE Seminar "Juggernaut Trading's Essential Equities Webinar" Feel free to register and join us on November 7th from 4:30 est to 6:pm
http://www.affinitytrading.com/event_schedule.html

Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com


***DISCLOSURE: Shorted FB pre market at exactly up an even $5 at $24.55 for a scalp short - $23.88 first fib target to cover


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

"Juggernaut Trading's Essential Equities FREE Webinar"

Juggernau​t Trading's Essential Equities Webinar

Nov 7 4:30 pm – 6:00 pm ET

Free

Register

 

Tim will be providing a topic review for his 5 Day Live "Essential Equities Trading Course" given during live market trading hours November 12th through 16th. In Depth Topic reviews and pointers will be given covering the course content listed below. Tim will be using live trading simulations to review recent events in the markets and how they pertain to these essential fundamental topics. If your beginner or even a seasoned veteran trader don't miss this rare opportunity to review these essential topics that apply to most successful traders in our constantly evolving dynamic market.

Tim Kelleher has been in the middle of the electronic securities trading industry for the past two decades. Beginning at Instinet in 1992, Tim moved on to Broadway Trading in 1997 where he became a full-time trader. Trading with the Boca Raton Broadway "SOES Bandits", Tim developed a style and eye for momentum trading and scalping. Over the years Tim has founded and worked with several top trading, and trading education companies. He excels in pre-market trading events, as well as trading morning gaps and opening inefficiencies. Tim is also versed in and employs intra-day trending trades, capitulation trades, fundamental news trading, and technical analysis-based trades. In almost 20 years of trading, Tim has extensive experience with most types of profitable trading styles.




Tim is a registered Legend Trading LLC Associated Person and Affinity Trading Institute Contributor

Regards,

Tim Kelleher |o 212 344 5747 x 3502 | Tim@AffinityTrading.com | AIM isldtradr04

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Barron's Likes (C) Citibank - Pans (EBAY) - The Week Ahead

 (EBAY) eBay -  Barron's(10/22) A Return Visit To Earlier Stories: Hitting The Bid On eBay's Shares

      Shares of eBay hit an eight-year high last week, following a strong third-quarter earnings report. At $50, the stock is up 65% on the year -- and 131% since our bullish cover story three years ago ("Make a Bid," Aug. 3, 2009). Higher bids on the shares could be limited from here.
      At the time of our story, eBay's (ticker: EBAY) new CEO, John Donahoe, was trying to turn the online auctioneer into a broader retail play, buoyed by PayPal, its surging payment system.
      Donahoe has delivered. Fixed-price sales now make up 66% of the business on eBay's marketplace, and PayPal has 117 million active users across the globe.
      We revisited the e-tailer five months ago, arguing that PayPal was still underappreciated by investors ("Connecting the Dots at eBay," Apr. 30). We said the stock could rise 25%, to $50 or more, in a year or two. EBay now trades at 18 times next year's estimates, a multiple close to that of Visa (V) and MasterCard (MA), the powerful payment networks. PayPal's active user base jumped 14% in the third quarter, but the growth in per-user spending slowed for the fifth consecutive quarter, according to Susquehanna Financial Group.
      With a rich multiple and possibly slowing growth, eBay has lost much of its " Buy It Now" appeal.

  
(C) Citibank -  Barron's (10/22) The Striking Price: Playing Citi In The Post Pandit Era 

Citigroup's new chief executive faces very high expectations. So do the bullish options on the big bank's stock.
      Almost since the moment investors learned that Vikram Pandit was out as chief executive, and Michael Corbat, a Mr. Fix-It, was in, investors began aggressively buying bullish calls, in the expectation that the shares (ticker:C) would advance. Previously, they had been purchasing bearish puts.
      When the CEOnews was released Tuesday, Citi shares were around $36. Immediately, investors bought October $38 calls. They bet right. The stock hit a 52-week high of $38.48 Wednesday. Now, with the stock still trading around a one-year high, many traders are positioning for it to rise sharply higher in the next few months, by picking up calls that would increase in value if the shares  trade above $45. A further 30% gain might seem implausible, but Citi's changes come at an interesting time -- for the financial sector and for the bank.

(APOL) Crushed on earnings - Great Intra Day Trader - New lows post lunch - $21.00 target

http://www.youtube.com/watch?v=65syCOD6dlY



Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com ***DISCLOSURE: This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(C) Citicorp Beats - Shows Great Intra Day Strength

 http://www.youtube.com/watch?v=9M00niVJPhA



Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com


***DISCLOSURE: LONG (C)


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(FB) Implodes on Barrons Cover Piece - Core Short Position Still On

 https://www.youtube.com/watch?v=qEkbqEge4fY


Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com

 ***DISCLOSURE: SHORT (FB)


 This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Barron's Cover - Facebook Is Worth $15 - Still Too Pricey

 Barron's Cover

 | SATURDAY, SEPTEMBER 22, 2012

Still Too Pricey

By ANDREW BARY 

Facebook has a business model in need of a radical change and a still-rich $61 billion market value. What's not to "like"? Plenty.

Facebook's 40% plunge from its initial-public-offering price of $38 in May has millions of investors asking a single question: Is the stock a buy? The short answer is "No." After a recent rally, to $23 from a low of $17.55, the stock trades at high multiples of both sales and earnings, even as uncertainty about the outlook for its business grows.
The rapid shift in Facebook's user base to mobile platforms—more than half of users now access the site on smartphones and tablets—appears to have caught the company by surprise. Facebook (ticker: FB) founder and CEO Mark Zuckerberg must find a way to monetize its mobile traffic because usage on traditional PCs, where the company makes virtually all of its money, is declining in its large and established markets. That trend isn't likely to change.

Enlarge Image

Success in mobile is no sure thing. The small screens on these devices don't give Facebook much room to configure ads without alienating users. And the way that mobile users access Facebook, through applications on iPhones, iPads, and Android devices, may diminish the time users spend at the Website while handing greater power to Apple (AAPL) and Google (GOOG), which dominate the apps business.
AT ITS CURRENT QUOTE, Facebook trades at 47 times projected 2012 profit of 48 cents a share and 36 times estimated 2013 earnings of 63 cents. Compare that with Google and Apple, two proven technology growth stories, which both trade for about 16 times estimated 2012 earnings. Facebook is valued at $61 billion, or $53 billion excluding its estimated $8 billion in cash. That's more than 10 times estimated 2012 revenue of $5 billion. Google trades for half that valuation.
What are the shares worth? Perhaps only $15. That would be roughly 24 times projected 2013 profit and six times estimated 2013 revenue of $6 billion, still no bargain price. Wall Street's consensus estimate for 2013 shows earnings rising 31%, to 63 cents a share.
That pro forma number is generous because it ignores Facebook's very significant stock-based compensation. The company has been issuing gobs of restricted stock to engineers and other key employees in the hot Silicon Valley job market to prevent them from being lured away to the next hot tech start-up—the next Facebook.
Facebook issued $1.4 billion of restricted stock in 2011, or nearly $500,000 per employee. So far this year, the company has doled out $1 billion of restricted stock. Facebook's reported stock-based compensation expense—based on the amortization of several years of stock grants—could total 20 cents a share next year. Subtract that from the 2013 consensus earnings number, and the shares trade at 50 times earnings. At $15 they would still be valued at a rich 35 times earnings.
TECHNOLOGY IS THE ONLY MAJOR industry where companies routinely encourage analysts to ignore stock-based compensation expense—and most comply. This dubious approach to calculating profits is based on the idea that only cash expenses matter. That's a fiction, pure and simple. As Warren Buffett has said, companies could take this to the extreme, pay all their expenses in stock and claim to have no costs.
Facebook's restricted-stock grant was so large last year that it may have exceeded its cash compensation costs. CEO Mark Zuckerberg seems to have a cavalier attitude, saying in a recent interview that "the way we do compensation is that we translate the amount of cash that we want to give you into shares" and give more stock to employees as the price declines.
Ours is admittedly an outlying view on the stock. Only one of the almost 40 Wall Street analysts covering Facebook, Dan Salmon of BMO Capital Markets, has a price target of $15. Most are in the high $20s or $30s. Many of these firms initiated coverage of Facebook with price targets in the $40s.
Barron's, it bears noting, never bought into the pre-IPO hype. We published two skeptical stories on Facebook, first when it filed for its IPO in February, and again right before it went public in May ("Mad About Facebook!" May 14). Our take was that the stock looked very richly priced at $35 to $40 and that investors should consider Apple and Google instead. (Both are up about 25% since then.) "Connect with your friends on Facebook. Stay away from the stock," is how we concluded the article.



THE BULL CASE FOR Facebook is that Zuckerberg & Co. will find creative ways to generate huge revenue from its 955 million monthly active users, be it from mobile and desktop advertising, e-commerce, search, online-game payments, or sources that have yet to emerge. Pay no attention to depressed current earnings, the argument goes. Facebook is just getting started.
Facebook now gets $5 annually in revenue per user. That could easily double or triple in the next five years, bulls say. In a recent interview at the TechCrunch Disrupt conference, Zuckerberg said, "It's easy to underestimate how fundamentally good mobile is for us." His argument, coming after Facebook's brand-damaging IPO fiasco and a halving of the stock, was something only a mother, or a true believer, could love. This year Facebook is expected to get 5% of its revenue from mobile. "Literally six months ago we didn't run a single ad on mobile," Zuckerberg said. Facebook executives declined to speak with Barron's.
"Anyone who owns Facebook should be exceptionally troubled that they're still trying to 'figure out' mobile monetization and had to lay out $1 billion for Instagram because some start-up had figured out mobile pictures better than Facebook," says one institutional investor, referring to Facebook's April deal for two-year-old Instagram, whose smartphone app for mobile photo-sharing became a big hit (and at the time had yet to generate a nickel in revenue).

Facebook's initial profit report in July didn't cheer Wall Street, as second-quarter revenue rose 32% to $1.18 billion while expenses, excluding stock-based compensation, were up 60%. The company projected similarly large expense gains in the final two quarters of the year, as it ramps up infrastructure and other undisclosed spending.
That surprised many investors who figured Facebook's business model was so powerful that it would generate operating leverage, meaning revenue growth would outpace expense growth. The Street now projects that Facebook may not hit $1 a share in profit until 2015. And that doesn't reflect heavy stock-based compensation. And who knows if that $1 a share estimate, which may require a doubling of revenue, is even achievable.
"I don't understand management teams that don't explain how they are going to spend shareholder money," says Michael Pachter, an analyst at Wedbush and a Facebook bull. "Facebook is saying, 'Trust us.' Investors don't need to know about every pencil, but they want to know the strategy." So far, Facebook has said little, and the company lacks the credibility and track record of Google, Apple and Amazon.com (AMZN).
FACEBOOK GENERATES almost 85% of its revenue from advertisements, much of it from ads on the right side of the screen when users visit the site on PCs. Ads are likely to remain its mainstay for some time to come. But in a troubling sign, last week online research firm eMarketer, after cutting its estimate of Facebook's revenue, projected that Google would top Facebook in online display-ad revenue this year.
Facebook conceivably could charge modest subscription fees to its users of, say, $1 a month and generate $5 billion or more of annual revenue, even with significant user attrition, but the company has ruled that out. "It's free and always will be," the Facebook log-in page says.
Facebook's chief operating officer, Sheryl Sandberg, has acknowledged the company's ad "challenge." On the July earnings conference call, she said, "That's mainly because we're a completely new kind of marketing. We're not TV. We're not search. We're a third medium."
It's not easy to measure the effectiveness of this third medium because its ads are often more about brand building than transactional. "Facebook's jumble of activity centers on communications with a roster of friends, a core activity where commercial intervention may be less welcome," writes Paul Sagawa of Sector & Sovereign Research.
As Facebook was trying to win over sometimes skeptical advertisers with desktop ads, its users were moving to mobile devices. Facebook's response has been advertisements that it euphemistically calls "sponsored stories" based on products or services recommended by a user's Facebook friends. Yet these ads, which appear in the user's "news feed"—comments, pictures, and videos from friends—may be alienating users and driving them away from the Website. Some appear again and again, stating that a particular friend "likes" Wal-Mart or Target. A recent lawsuit actually challenges this practice, arguing users ought to be compensated as paid spokesmen or allowed to opt out and not have their names attached to sponsored stories.

"If the mobile ads were well targeted and creative, that would be a good thing, or at least not an annoying thing. But the ads seem untargeted and not very creative," says Rich Greenfield, an analyst at BTIG in New York. "Facebook seems to be proud to have the biggest and most disruptive ads on mobile devices. I struggle with the idea that bigger is better. It's not a great user experience. If consumers are upset with this, it could result in a reverse spiral down."
Greenfield, who now has a Neutral rating on the stock after urging investors to avoid it at the IPO, says Facebook's mobile strategy has him "getting more concerned, not less" about its outlook. He points out that 11% of Facebook users accessed the site only through their mobile devices in June, up from 9% in March. That percentage is likely to grow.
Most of those mobile-only users probably are under 25, and it's within that group that Facebook is seeing reduced usage on PCs. Evercore Partners analyst Ken Sena estimates that domestic PC users spent 12% less time in August on Facebook than they did in the same month a year earlier. His estimate is based on data from comScore, which measures U.S. Internet traffic. Sena's analysis shows that the declines were sharpest among users aged 12 to 17 and 18 to 24, which saw drops of 42% and 25%, respectively. Time spent on Facebook by PC users aged 55 and older was up sharply.

Enlarge Image

An aging demographic isn't good with a youth-focused ad industry. Will young people continue to be attracted to a social networking site frequented by their mothers and grandmothers? Some of the decline in desktop usage is being offset by mobile access, but it's not easy to assess the combined impact.
Paul Sagawa says Facebook's mobile problems go beyond the small screen size. "The paradigm shift to the app model is unequivocally bad for Facebook," he wrote in a recent report. "Facebook is designed to be open all the time, to be visited in the gaps of the day or as a platform in its own right, bridging to a variety of activities related to the social network." The app model, he says, disrupts this approach. Users open a mobile app for a reason and close it as soon as they are finished. "Why use Facebook to play a game, read an article, manage your photos, stream music, or shop," he wrote, "when you can select a specialized app directly." Moreover, Apple and Google, which control most mobile operating systems, siphon away some of the revenue from Facebook apps.
The app model may favor more specialized sites like Twitter, Pinterest, Yelp (YELP), LinkedIn (LNKD), and Trulia (TRLA), the real-estate Website that had a hot IPO last week. Facebook, Sagawa says, ought to create more specialized apps, like Instagram by Facebook, Facebook chat, or Facebook messaging tied together by a common user name and password.

IN COMING MONTHS, FACEBOOK'S share price could be depressed by significant sales by holders subject to expiring lock-up restrictions established at the time of the IPO. Already, co-founder Dustin Moskovitz has sold 7.5 million shares, or 5% of his stake, and early investor and director Peter Thiel has sold 20.1 million shares, or 80% of his holding (see table, Major Insider Sales Since IPO).
Some 234 million shares (including options and restricted stock) become available for sale on Oct. 29, followed by another 777 million on Nov. 14. That's a lot relative to the current float of as much as 692 million shares, representing the 421 million sold at the IPO and another 271 million shares on which lock-up restrictions already have expired. The total share count is 2.65 billion.
Zuckerberg's recent decision not to sell any of his 504 million shares for at least a year reduced the potential flood of shares, but his decision shouldn't have been seen as a surprise. As CEO and controlling shareholder, Zuckerberg would have had a hard time selling any stock without a serious negative market reaction.
Even with the sharp drop in its share price, Facebook remains a richly valued bet on the company's ability to wring a lot of revenue from a huge and potentially fickle user base. Facebook's mobile woes aren't likely to go away. Stay away from the stock. It could be heading to the mid-teens.






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 ***DISCLOSURE: WATCHING (FB) EARLY PRE MARKET FOR SHORTS

 This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Todays Post Lunch You Tube Update

https://www.youtube.com/watch?v=G09J7yZm_4s



Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com ***DISCLOSURE: This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(QCOR) Capitulates down over $20.00 - Webcam video from September 19, 2012 1:36 PM

 https://www.youtube.com/watch?v=WAgH7UhN1q8

 
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***DISCLOSURE: LONG (HCN)


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Pre Market game plan video - FB on the radar

 http://www.youtube.com/watch?v=5VlKbVJWcdY



Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com ***DISCLOSURE: This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Barron's Highlights - Stocks to Watch Tomorrow

 (MW) Men's Wearhouse, Jos. A. Bank share could see further gains, Barron's says

With slim-fit trends in mens suits and the demand for smart work clothes boosting sales, and strong plans for growth, shares of men's clothiers Men's Wearhouse (MW) and Jos. A. Bank (JOSB) look 'dressed for success', Barron's reports. Additionally, signs of an improving U.S. labor market are fattening
prospects for men's specialty retailers. In the near term, shares of each of these specialty retailers may be a little 'frothy', however, Barron's contends that each should remain on investor watch lists.

(FDX) FedEx's stock could be 'grounded' for now, Barron's contends

FedEx's (FDX) underperformance may continue up to the Sept. 18 release of earnings and into October, when the company is expected to detail a planned restructuring on top of fleet changes already announced, Barron's reports. FedEx stock has historically traded at a 10% premium to the S&P 500. However,
Jefferies analyst Peter Nesvold -- who has a Hold rating and a $103 price target on the stock -- cautions that cyclical stocks look cheap when earnings are near a peak. With no clear catalyst for improvement in the global economy, in demand for goods or in profits, investors may want to consider FedEx stock
?grounded? for now.

(BZH) Barron's(9/10) Raise High The Roof Beam, Carpenters

The U.S. housing market's looming recovery apparently was news on Wall Street even before it hit Main. In the past year Standard & Poor's index of home- building stocks rallied 140%, far more than the broader market, as earnings, orders, and housing starts picked up across the industry.
Among the group, Lennar (ticker: LEN), D.R. Horton (DHI), and Beazer Homes USA (BZH) look best positioned to deliver fat investment gains.

(KR) Kroger's stock could rise more than 30%, Barron's contends


 Kroger's (KR) overall business has fared better than some peers amid fierce competition from big-box stores like Target (TGT) and Wal-Mart Stores (WMT). Kroger continues to throw off free cash and has been buying back shares while increasing its dividend. The current yield is 2%. On average, analysts see
Kroger shares headed to about $26, though bulls think the stock could reach



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 ***DISCLOSURE:  No Relevant Positions


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(SWHC) Got Guns? Smith and Wesson blows out earnings forcast - Big upgrades

(SWHC) Smith & Wesson --- Northland Securities Reiterated OUTPERFORM - Price Target: 17 (from 14)
(SWHC) Smith & Wesson price target raised to $13 at Benchmark Co.
(SWHC) Smith & Wesson raises FY13 EPS view to 85c-90c, consensus 63c
(SWHC) Smith & Wesson prelim $0.28 vs $0.18 Capital IQ Consensus Estimate; revs $136.0 mln vs $129.43 mln Capital IQ Consensus Estimate


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***DISCLOSURE: Long (SWHC) Pre market $11.00 - Long (BAC) on the futures impulse down following the jobs data - $8.37

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Coming Weekly Earnings & Economic Calendar

  
Coming Earnings

 Day                    Quarter  Consensus   Year   Ticker
                                  Estimate    Ago
M
Hi-Tech Pharm             1Q       $0.68    $1.05    HITK
T
Contango Oil  &  Gas       4Q       0.00              MCF
Calavo Growers            3Q        0.53     0.18    CVGW
Smithfield Foods          1Q        0.45     0.69    SFD
Quanex Building Prod      3Q        0.22     0.30    NX
Pep Boys                  2Q        0.16     0.21    PBY
Campbell Soup             4Q        0.38     0.43    CPB
W
Verifone Systems          3Q        0.70     0.49    PAY
ABM Industries            3Q        0.42     0.51    ABM
Block (H  &  R)           1Q       -0.39    -0.57    HRB
Korn/Ferry Int'l          1Q        0.18     0.33    KFY
SWS Grp                   4Q       -0.01     0.00    SWS
NCI Building Systems      3Q       -0.04    -0.71    NCS
Matrix Service            4Q        0.20     0.21    MTRX
Sigma Designs             2Q       -0.31    -0.44    SIGM
Men's Wearhouse           2Q        1.12     1.11    MW
Aerovironment             1Q       -0.03     0.01    AVAV
Th
UTi Worldwide             2Q        0.23     0.24    UTIW
Quiksilver                3Q        0.05     0.06    ZQK
Cooper Co                 3Q        1.29     1.15    COO
F
Brady 'A'                 4Q        0.52     0.58    BRC
Casey's Gen'l Stores      1Q        0.95     1.03    CASY
Kroger                    2Q        0.49     0.41    KR

(Earnings are diluted and report dates are tentative. All forecasts and historical numbers exclude extraordinary items by accounting definitions.)

Source: Thomson First Call

                         

Economic Calendar Consensus Estimate

                                                 Consensus Est  Last Period

T   10:00   July Construction Spending              0.4%         0.4%
    10:00   August ISM Manufacturing               50.0         49.8
W    8:30   Q2 Productivity                         1.8%         1.6%
F    8:30   August Nonfarm Payrolls               125,000      163,000
     8:30   August Unemployment Rate                8.3%         8.3%

Unless otherwise indicated, times are Eastern. f-Final; p-Preliminary; r-Revised

 

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***DISCLOSURE: No Relevant Positions

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Got Silver?!? Off and running - Breaking a one year downtrend on holiday trading

http://www.cmegroup.com/trading/metals/precious/silver.htmlhttp://www.cmegroup.com/trading/metals/precious/silver.html


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***DISCLOSURE: LONG SILVER - LONG GOLD - LONG COPPER


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(FB) Facebook price target lowered to $15 from $25 at BMO Capital

(FB)  After conducting checks, BMO Capital reports that many advertisers appear to be reducing the amount of money they're spending on Facebook ads. The firm reduced its estimates for Facebook and maintains an Underperform rating on the stock.

 Trades at a $18.70 new ALL TIME LOW pre market thru the $18.75 level
 

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 ***DISCLOSURE: SHORT TEENBOOK FROM PRE MARKET LEVELS

 This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(P) Pandora: Trending Nicely in the Pre-Market

(P): Pandora Media --- Sun Trust Rbsn Humphrey Upgraded to BUY(from Neutral)
(P)  Pandora Media upgraded to Buy from Hold at Canaccord Genuity
(P) Pandora Media beats by $0.04, reports revs in-line; guides Q3 EPS in-line, revs above consensus; guides FY13 EPS above consensus, revs above consensus

 As mentioned earlier Canaccord Genuity upgraded P to Buy from Hold and raised their tgt to $16 from $13 following earnings and based on improving visibility to their now- higher baseline forecast, and on potential upside stemming from higher mobile monetization and possibly from moderating content costs.


for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com

 ***DISCLOSURE: No Relevant Positions

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Samsung Slammed Down 6% on Asia Open (AAPL) up $11 in Friday's Post Market Following Headline

(AAPL) Up $11 to $675 in late post market trading Friday at 7pm
WSJ: Samsung Electronics Shares Open Down 6.8% After U.S. Verdict in Patent Case Vs Apple - BIGGEST tumple in 4 years.

(AAPL) Apple Inc.: WSJ: Jury Awards $1.05B in Damages in Samsung Patent Case
SAN JOSE, Calif.--A federal court jury delivered a big win to Apple Inc. (AAPL), finding that Samsung Electronics Co. (SSNHY, 005930.SE) infringed six Apple patents and awarding $1.05 billion in damages in a closely watched case over mobile devices.       The award from the nine-member jury is shy of Apple's request for more than $ 2.5 billion, but much larger than Samsung's estimates and still ranking among the largest intellectual-property awards on record.



(WY) Barron's(8/27) A Fine Time For Timber
Money doesn't grow on trees, but a recovery in America's depressed housing market could produce lots of it for timber giant Weyerhaeuser.   Suddenly, signs of a nascent pickup in housing are everywhere, from rising
building permits and housing starts to improved sentiment among builders. Add higher lumber prices to the list, along with a powerful liftoff in the shares of home builders such as Toll Brothers (ticker: TOL) and PulteGroup (PHM).

Weyerhaeuser's stock (WY) has been no slouch, either. It shot up 50% in the past year, to a 52-week high of $24.62, and the rally could be in the early innings. The shares, which topped $85 in 2007, look rich at 29 times next year's expected earnings of 85 cents a share, but the P/E ratio is misleading, as it is based on trough earnings.



Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com 

 ***DISCLOSURE: No Relevant Positions

 This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(LLY) Eli Lilly is closer to curing ALZHEIMER'S

(LLY) Lilly Alzheimer Drug Misses Goals; Secondary Analysis Shows Promise Aug 24 at 07:30
(LLY) Eli Lilly and Company Announces Top-Line Results on Solanezumab Phase 3 Clinical Trials in Patients with Alzheimer's Disease
(LLY) Eli Lilly & Co.'s Solanezumab Phase 3 Clinical Trials for Alzheimer's Disease Fail to Meet Primary  Endpoints Aug 24 at 07:18


***DISCLOSURE: Long (LLY) From pre market levels $44.50 Easily cleared the 45 level, at 2008 highs

Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com  

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(HPQ) Train-wreck Quarter - down 4.5% to 1996 levels - Large Downgrades

(HPQ) Hewlett-Packard price target lowered to $15 from $20  at Deutsche Bank
(HPQ) Hewlett-Packard price target lowered to $25 from $30 at Credit Suisse
(HPQ) WSJ - H-P, Dell Struggle on PC Sales - Hewlett-Packard reported the worst-ever loss in its 73-year history, as a 5% revenue decline was compounded by $9.2 billion in
(HPQ) Hewlett-Packard to drop 11,500 total employees by October, Business Insider says

 
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***DISCLOSURE: Short (HPQ) from pre market levels - Resitance at $18.45-$18.50


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(FB) Filling The Pre Market Gap - (GRPN) WSJ cover story

(FB) Facebook
Filling after an upgrade - Contra Trade - Upgrades cannot hold up Facebook

Facebook --- Capstone Investments Upgraded to BUY (from Hold)- Price Target: 26
Aug 20 at 08:26


Capstone Investments upgrades FB to Buy from Hold and sets target price at
$26 saying they believe that the FB shares' 16X '13E EV/EBITDA multiple
provides investors with upside to the Company's core business and potential
returns from new businesses the stock price currently does not give the Company
credit for.
 
(GRPN) Groupon 
Headline Story on the WSJ home page WSJ(8/20) Groupon Investors Give Up Aug 19 at 00:00

Some of the early backers of Groupon Inc., including Silicon Valley
veteran Marc Andreessen, are heading for the exits, joining investors who have
lost faith in companies that had been expected to drive a new Internet boom.

At least four Groupon investors who held stock in the daily-deals company
before it went public have sold or significantly pared back their holdings in
recent months. Since its initial public offering in November, Groupon has shed
more than three-quarters of its stock-market value, or about $10 billion.

Groupon's plunging stock price, and the swooning shares of Facebook Inc.
and Zynga Inc., have rekindled memories of the dot-com bust in 2000. Unlike many
dot-com era start-ups, the current companies have healthy revenue and in some
cases are turning a profit -- but their results aren't matching early
expectations.

 ***DISCLOSURE: Short (FB) (GRPN) From Pre Market Levels


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This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Barron's Recap - Stocks To Trade Monday

(YOKU) Youku - Barron's(8/20) Asian Trader: Beware Of China's Youtube

Bargain hunters browsing China's Internet seemed to have found a new favorite lately. Youku, an online video portal that has been hailed as the YouTube of China, made its New York debut in December 2010 and has already filled its short history with much drama. The Beijing company's American depositary shares (ticker: YOKU) swiftly doubled in early 2011, only to lose three-quarters of their value just as swiftly. Shares rebounded early this year but have since corrected more than 40%.
   
Besides user-generated content, it also has a licensed professional library of more than 2,700 movies, 2,111 television series, and more than 610 variety shows. It's attracting investors as well as viewers, and a quarter of its $2.2 billion market cap is cash.

(GRPN) Groupon -  Barron's(8/20) A Return Visit To Earlier Stories: Next Stop
For Battered Groupon: $3?

Warns Sena, who now has a $3 price target on Groupon: "Once your business shows decline, then you're paying out more to merchants from a business that was bigger 60 days ago then it is today."  So, despite its bargain-basement price, the stock looks like a bad bargain to us.
 
Groupon's famed deals have lost their buzz. None more than the $700 million stock offering that it made to investors last November. The IPO valued Groupon at $13 billion; as of Friday, the company was worth just $3 billion. The shares (ticker: GRPN) fell 36% last week alone, closing at $4.75, after Groupon reported that billings for the second quarter had fallen 5% from the level three months earlier.
  
The most surprising -- and concerning -- news in its second-quarter results was a growing reliance on "Groupon Goods," a direct-sales unit that brings the coupon pioneer precariously close to the likes of Amazon.com (AMZN).


(ING)  ING Groep Barron's(8/20) European Trader: Trimmer ING Should Attract More Stares

ING, which has a market capitalization of more than 22 billion euros, is making progress with the disposals but is being hindered by instability in financial markets. ING's shares -- its American depositary receipts trade in New York (ticker: ING) -- can easily add 20% or more in the next 12 months if the
divestitures are

Should Mark Zuckerberg Step Down As CEO Of Facebook?

http://perezhilton.com/2012-08-18-mark-zuckerberg-facebook-stock-crashing-should-he-step-down-as-ceo#.UDFIHKPoBXA

Oh noes!!
As stock drops faster than a coed's panties on a booze cruise, industry insiders wonder why Mark Zuckerberg isn't inviting shareholders to "Facebook Event: My resignation."
One industry researcher thinks Zuck's unsinkable ship might be heading toward a metaphorical iceberg!
If the CEO wants to keep the company afloat he must change course, or possibly captains, immediately.
He said:

"There is a growing sense that Mark Zuckerberg, talented though he may be, is in over his hoodie as CEO of a multibillion-dollar public company. While in many cases a company founder can, and does, grow into the job, things are happening so quickly that there is precious little time here for Zuckerberg to do that."

We love when corporate bigwigs use puns — in over his hoodie? HIGHlarious! — a but is a call for Mark to step down premature?
Facebook stock closed under $20 bucks a share yesterday. That's less than HALF of what they were worth during the company's initial public offering!
A different analyst offered his opinion on how the shareholders must feel.
He said:

"This was the most anticipated IPO in many years and it was like an exploding cigar. Every investor thought they were about to become wealthy beyond their wildest dreams, and they had this blow up in their face."

It gets worse!!
A senior managing director at a company offering investment strategies said:

"His behavior is what I would expect of someone his age — the hoodies and everything else. He's trying to appeal to his audience instead of being responsible to his investors. His job now is to run the company."

Is the criticism fair or are the haters hating they aren't a 28 year-old genius with $12.1 billion bucks in their bank account?

08-17-12 - Daily Recap DISCLOSURE: Short (FB) GRPN)

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***DISCLOSURE:



This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Webcam video from August 15, 2012 1:11 PM

Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com



***DISCLOSURE:



This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

(GRPN) A Multitude of Downgrades - Analyst Don't Know Preferred Stock From Livestock

GRPN: Downgraded - JAGNote by Citigroup
GRPN: Downgraded - JAGNote by Benchmark - target of $7 down from $20.
GRPN: WSJ - HEARD ON THE STREET: The New Deal at Groupon Isn't Enough
GRPN: Groupon valuation range lowered to $9-$11 from $21-$23  at Wells Fargo


Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com 

***DISCLOSURE: Short (FB) (ZNGA) (GRPN)


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your ation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

Barron's Recap - 3 Stocks To Buy - Coach - Activision - Charter

(ATVI)  Barron's(8/6) Why Activision May Come Roaring Back

  Bring on the pandas. In late September, Activision Blizzard plans to
release the latest extension of its wildly popular World of Warcraft, a
multiplayer online game set in a fantasy universe. Mists of Pandaria will
include a new race of people, with a new language and unusual traits, as well as
a new adventurer class outfitted with special weapons and armor and skills and
powers.
      Investors are hoping the Asian-themed game will breathe new life into one
of the videogame maker's top franchises, and give Activision Blizzard's shares a
much-needed lift. The stock (ticker: ATVI) has been in the doldrums for much of
the past few years, the result of a down cycle for packaged videogames for
consoles ike Playstation3 and Xbox and intense pressure from cheaper games
played on smartphones and tablets such as the iPad.

(CHTR) Barron's(8/6) Tech Trader: Cable Stocks Are The New Dividend Darlings

  U.S. cable companies are going gangbusters this year, despite the
perennial concern they're out of touch with the future of Internet and mobile
everything.
      The three biggest, Comcast (ticker: CMCSA), Time Warner Cable (TWC),and
Charter Communications (CHTR), in that order, are up, respectively an amazing
46%, 40%, and 40% this year. With the exception of Cablevision (CVC), which has
slumped 33% in the last 12 months, they are all up by double digits year-over-
year as well. Cablevision has notched a respectable 9% climb since January.
      That the cable companies have fared so well is amazing given that
competing TV offerings from the likes of Verizon Communications (VZ) and AT&T
(T) have clearly taken a toll, and given the protracted housing slump -- no new
homes, no new sign-ups.
      Can it continue? Probably.
      Sure, dividend yields are straining to keep up with the share-price gains.
And competition from the Internet, smartphones, and tablets is a meaningful
threat. But it appears that investors can't get enough of a moldy old business
that has committed itself to paying out whatever cash it comes

(COH) Barron's(8/6) A Return Visit To Earlier Stories: Nasty Spill Makes Coach A Steal

Shoppers, get ready to bag a bargain.
      Shares of upscale handbag maker Coach have been on sale since Wall Street
pummeled the stock last week over a rare corporate stumble. For its latest
quarter, Coach reported a 1.7% sales increase in North America at stores open at
least a year, well below expectations of 6% and a prior-quarter gain of 6.7%.
Also troublesome, the company (ticker: COH) warned that spending on expansion in
Asia would weigh on earnings in the coming year.
      After falling 15% on the week, to $52.66, Coach looks cheap. It
continues to forecast double-digit profit growth, atop an 18% gain in earnings,
to $1.04 billion, or $3.53 a share, in the fiscal year that ended June 30,
on sales of $ 4.76 billion. The stock trades for 13.3 times this fiscal year's
expected $3.97 in per-share profit and under 12 times fiscal 2014 estimates of
$4.60, far from the growth multiples enjoyed in years past. Coach pays a
$1.20-a-share dividend, yielding 2.4%. Some analysts see the stock returning
to the mid-$60s.
      CEO Lew Frankfort, who joined the company in 1979 and has run it since
1995, transforming a staid purse maker into an international fashion powerhouse,
thinks investors overreacted. "It's understandable; investors fear the worst,"
he says. "Our fundamentals are excellent."


Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com 


 ***DISCLOSURE: No Relevant Positions


This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.

S&P Futures trading up sharply pre 8:30 am July employment dataent data

(ES) S&P Futures trading up sharply up 10 handles at 1372 pre July employment data due at 8:30 am est.
(KCG) Knight Capital price target lowered to $3 from $12 at Barclays
(KCG) WSJ(8/3) With Knight Wounded, Traders Ask If Speed Kills
(KCG) JAGNote by The New York Times - Errant Stock Trades Reveal a Risk That Few Anticipated





Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com 

***DISCLOSURE:

This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.