Mr. Sensitive

April 20, 2012

FSX Friday Update

Filed under: Uncategorized — lbej @ 17:13

It’s come to this: a breaking news bulletin on CNBC, like you’d expect if there was an earthquake or the Pope died, that just says ‘Apple stock falls below $600;’ then, 15 minutes later, with equal urgency, ‘Apple stock back above $600.’  I have never experienced a single-stock market like this one.  So what? you say; you’re 34 years old.  That’s true; thirty-four years doesn’t allow for a tremendous amount of market experience.  What it does allow for is a tremendous amount of market research, and let me tell you that this is absolutely the most the U.S. stock market has ever been dominated by a single stock—ever.  We got these kind of trading news bulletins—when, instead of trading on the news, trading is the news—during and right after the 2000 tech stock bubble, but there were many individual names getting lots of attention: MSFT, INTC, CSCO, EMC, LU, JDSU, and YHOO, just to name a few (and who could forget ENE and WCOM?).  We got similar bulletins in late 2008 and early 2009—all bad—related to the housing finance debacle then unfolding, but again, no one single stock eclipsed all the others; AIG, BSC, C, BAC, GM, MS, MER, and LEH each spent time in the spotlight.  Not this time.  The Street doesn’t care about a sector, or even the economy as a whole, as much as it cares about AAPL.  This is nuts, and I’ll be the first to say I don’t know how it will end.  I do know it will end, though; that’s market lesson number two in my book: nothing lasts forever.

(Lesson number one is buy low and sell high, if you were wondering.  And if you think that one’s a no-brainer, you’d be surprised.  No novice trader thinks he’ll want to ever want to sell when prices are at their lowest or buy when they’re at their highest, so it really surprises him when he realizes, ten years in, that he repeatedly does exactly that.)

This week smelled bad from the beginning, and I’m not just saying that because I still can’t get the scent of cat-ass out of my office/former litter-room.  Lucas broke decisively through $2 to the downside (always bearish for the FSX) and I don’t feel any better about our ever-deepening reliance on Justin (+178% YTD) and Reagan (+128%) than I feel about the broader market’s AAPL obsession.  The whole week carried with it an unmistakably bearish funk.  But here we are, after the close on Friday, and somehow we’re sitting at 13,403, up 0.9% for the week and back to unch for Q2.  If you didn’t know better, you might think I’m looking too far afield to find what stinks.  But if you do know, you know I use Old Spice Showtime body spray, and the problem really is the unconquerable cat-ass.


  • Justin (WOLF) +8.5%.  Two more bids this week.  Yawn.
  • Jenny (JNY +5.7%) and Reagan (REGN +3.1%).  Another straight-As report card for Jenny and more 4s than 3s for Reagan (no one has ever been more ready for letter grades than Ray Gun—coming next year).  The market likes Jenny a little more this week because it was concerned that endlessly re-reading Twilight and Hunger Games would make her dumber.  I’m not convinced that isn’t the case, but reality TV (which we generally avoid) is making the rest of the world even dumber, even faster.  Still, you can only sell investors on relative outperformance for a while; eventually, Jenny’s going to have to at least try and read something else.
  • Katie (CATY) +4.3%.  Got to spend an hour-plus learning about politics from this dude:

Need I say more?

  • Wilson (WILC) +3.6%.  Still not dead.  It definitely smells like something died in his mouth, though.
  • Zero (ZIP) +3.3%.  Come on, man; don’t make Charlotte carry everything.  I know she’s stronger than she looks, but so is toilet paper.  Would you ask one of those Charmin bears to move all the boxes and furniture while you kick back with some tunes?  Well, if you try that, and it works, I want to borrow the bear when you’re done.
  • Lisa (LNCE) +2.9%.  Maybe the Lisa-for-Le Bon deal isn’t dead yet.
  • Mario the Elder (MGEE) +2.2%.  One step closer to finding the one house he can spend the rest of his life in.  You will note, though, that I can’t begin to guess how many more steps are still left after this one.
  • Nicole B. (NI) +2%.  Nicole commented here two times this week, and she’s up two percent.  Coincidence?  I don’t believe in coincidence.


  • Nicole L. (COL) -2.5%.  COL released earnings this week and while the numbers were decent, the management guidance was a big whiff.  The lesson here: don’t undersell or you’ll just be punished preemptively.  If this June’s bash is, in fact, certain to be the most spectacular wedding since the royal nuptials last year, you should just say so.
  • Zondro (ZQK) -3.5%.  No, you can’t eat that.  Now shut your yap before I snap it off.
  • Charlotte (ICE) -3.5%.  Seriously, bro.  You know that bear’s just going spend all day in the bathroom, again.  Look at him:

If you don’t help Charlotte, she’s going to drop something, maybe mess up one of the twenty pictures of herself she decorates with.  And you know 19 pictures of Charlotte won’t be enough.

  • Lucas (LEI) -15%.  As I said before, $2 is an important level historically, and I don’t like to see it breached.  I asked Katie what might be dragging Lucas down and she didn’t know, but eavesdropping, speed-talking Jenny reeled off a long list of things Lucas has told her about.  Then she said, oh wait, don’t put any of that in the update.  I had to admit that I didn’t understand a word she said, so Lucas’ secrets are safe.  LEI investors, not so much.


Name Ticker 4/20/2012 Change
Brinkley BCO $22.19 -0.08
Charlotte ICE $128.39 -4.66
Dustin DST $54.64 +0.73
Icarus FLOW $3.98 +0.03
Jenny JNY $13.00 +0.70
Jodi Ann JOY $74.09 -0.60
Justin WOLF $8.06 +0.63
Katie CATY $17.52 +0.73
Lee MSTR $145.20 -1.90
Lisa LNCE $25.85 +0.73
Lucas LEI $1.87 -0.34
Lulu LULU $73.70 +0.19
Marcus MCS $12.63 +0.07
Mario T.E. MGEE $44.73 +0.95
Mario T.Y. SUP $18.45 -0.02
Marisa MOLX $27.00 +0.12
Namilita NL $14.04 +0.18
Nicole B. NI $24.41 +0.49
Nicole L. COL $55.56 -1.44
Reagan REGN $126.38 +3.78
Ruby RJET $5.01 +0.14
Wilson WILC $4.66 +0.16
Winston ED $58.61 +0.86
Zero ZIP $13.61 +0.43
Zondro ZQK $3.55 -0.13

1 Comment »

  1. You seriously made me laugh out loud with that bit about me having pictures of myself everywhere. You got me. I love it.
    Also, don’t worry, I will make Zero do everything for me that I possibly can.

    Comment by Charlotte — April 20, 2012 @ 23:19 | Reply

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