Mr. Sensitive

April 13, 2012

FSX Friday Update

Filed under: Uncategorized — lbej @ 17:01

It looked for several days at the end of last week and the beginning of this one as though the long awaited correction was upon us.  The S&P and Dow were down 5 days in a row, the technicians were screaming that the charts looked dreadful—one especially lovely analyst forecast ‘sudden death’ for the market—and then we reversed the bearish treads in two days on Wednesday and Thursday.  Suddenly, the same charts were saying something totally different.  What does the late-day Friday selloff tell the technicians?  Who knows?  The bottom line:  it’s earnings season, fundamentals will drive the action near term, and technicians should keep their mouths shut.  Not you, Abigail; you can have the floor any time you want it.

The major market averages did give back between 1.6% and 2.2% for the week, so the 1% loss on the Family Stock Index was once again market-beating.  We have Justin to thank for the outperformance, although I strongly discourage anyone from actually thanking him.  He doesn’t need the encouragement.  Outside of Justin, the FSX internals were downright ugly: 19 stocks declined versus only 6 advancers (two of those up by just a few pennies each), and 13 of the downside names lost two percent or more.  It doesn’t qualify as a correction—Friday’s close at 13,284 is just 300 points off the year’s high—but it’s beginning to feel like one.

Advancers

  • Justin (WOLF) +13%.  It’s hard to keep track of the bids Justin’s getting; there’s a new one every other day.  First it was the now-laughable $5 bid from Apollo, then $6.25 from KSL, then $6.75 from Apollo, then $7 from KSL, and the stock ended the week at $7.43, well above all the offers.  I feel like someone’s not doing their due diligence here; in Justin’s save-the-date picture with Nicole he was looking disturbingly like our Dad.  All that’s left is for him to do is start eating a carton of ice cream in the middle of the night every night.  The hairline will take care of itself.
  • Wilson (WILC) +2.7%.  Not dead yet…probably.  I haven’t checked since this morning.
  • Nicole L. (COL) +1.4%.  Katie reports that Brinky’s “cute little outfit” is now available and has been ordered, which I guess is a positive development.  At least one outfit I was shown for him was overalls, and I don’t know if that was the final decision or not, but overalls would probably be for the best.  Brinky likes to take his pants off almost as much as he likes to climb things.  Really, he likes to climb things and then take his pants off.  Something to look forward to on wedding day.
  • Me (MSTR) +1.3%.  Twenty-two chapters down, five to go.  The market is saying I can hold my summer breakdown at bay long enough to close this thing out; I’m trying my best to believe that.

Decliners

  • Charlotte (ICE -4.0%), Zero (ZIP -4.0%), Nami and Lita (-5.1%).  Sources tell me it’s a pain in the behind living anywhere near Wrigley Field this time of year.  Only a few more weeks of Chicago to go for Charlotte and Zero…Team Charo.

  • Lisa (LNCE) -3.5%.  Lisa was not, I assume, asked to join the Red Hot Chili Peppers after seeing them in concert, which is what the market was apparently pricing in (+15% through the end of March).  Maybe an offer from Duran Duran will be forthcoming, but investors might want to take a wait-and-see approach this time.
  • Mario the Younger (SUP) -3.9%.  Another report from Katie places Mario in the thick of the wedding invitation selection process this week.  No, no, no, no, no.  One of the best things about rolling groom-style is that you don’t even have to pay attention to the decisions the bride and her people are making, much less take part in making them.  People like Mario and Justin are ruining everything for an entire generation of men.  Think of Brinky—what kind of world are you leaving for him?  Now he has to buy the ring, plan and execute the proposal, and pay attention to wedding minutiae?  It’s more and more and more heaped upon hapless men, and, and…we’ve made too many compromises already, too many retreats.  They invade our space, and we fall back.  They assimilate entire worlds, and we fall back.  Not again.  The line must be drawn here!  This far, no farther!

I’m sorry, what were we talking about?

  • Lulu (LULU) -4.6%.  You cannot hide forever, Lulu.
  • Katie (CATY) -5.2%.  Jenny has Family Life class this week, what we used to call Sex Ed.  Guess who’s the first, last, and only line of defense for all the questions about lady business?  Katie says I get to deal with Brinky when he has these kinds of questions.  To which I say: so?  What I’ll tell him is simple: never put that anywhere if you can’t be sure you’ll get it back in the same condition.  I got an angle, and it’s the same one my father took with me: sex is a security and risk management issue.  Dad had some aw-shucks/awkward way of getting that point across; I bet Marcus still remembers the ‘watch out for Fast Suzie’ lecture.  I don’t know exactly how I’m going to go about instilling the right level of risk aversion into my son, but I’m looking forward to the challenge.

 

Name Ticker 4/13/2012 Change
Brinkley BCO $22.27 -0.13
Charlotte ICE $133.05 -5.55
Dustin DST $53.91 -0.42
Icarus FLOW $3.95 -0.11
Jenny JNY $12.30 +0.03
Jodi Ann JOY $74.69 -0.34
Justin WOLF $7.43 +0.85
Katie CATY $16.79 -0.93
Lee MSTR $147.10 +1.84
Lisa LNCE $25.12 -0.90
Lucas LEI $2.21 -0.13
Lulu LULU $73.51 -3.55
Marcus MCS $12.56 +0.05
Mario T.E. MGEE $43.78 -0.35
Mario T.Y. SUP $18.47 -0.74
Marisa MOLX $26.88 -0.59
Namilita NL $13.86 -0.74
Nicole B. NI $23.92 -0.58
Nicole L. COL $57.00 +0.81
Reagan REGN $122.60 -0.84
Ruby RJET $4.87 -0.13
Wilson WILC $4.50 +0.12
Winston ED $57.75 -0.43
Zero ZIP $13.18 -0.55
Zondro ZQK $3.68 -0.21
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