Mr. Sensitive

October 12, 2012

FSX Friday Update

Filed under: Uncategorized — lbej @ 16:50

The markets pulled back between two and three percent this week, and why not?  Difficult earnings comps and political vitriol aren’t going to derail the Obama bull market, but they are plenty to justify locking in profits after nine months of strong gains.  The Family Stock Index outperformed with a decline of just 1.7%, but the inability to hold above 13,000—the FSX closed at 12,980—is worrisome.  A test of 12,700 in the next two weeks would be constructive; anything below that level would be bearish for the remainder of 2012.

Advancers

  • Brinkley (BCO) +2.5%.  The longer Brinky puts off talking, the more suspicious I get about what he intends to say.  I’m pretty sure now that he’s going to wait until he can put together a complete sentence, and that he’s going to use his spotlight moment to rat me out for something.  The market’s done the math, and it figures I’m running out of time to figure out what the little fink knows.  It could be he’s just going to tell on me for stopping him from painting on the couch with milk; he’s completely convinced I have no business interfering with his art.
  • Nicole E. (NICE) +2.3%.  I guess Nicole didn’t like the jacket she left here.  Katie said it’s Justin’s jacket; I said it’s a ladies’ jacket; Katie said, in effect, what’s your point?  So maybe what Nicole didn’t like about the ladies’ jacket she left here is that Justin kept wearing it.   They also left a sweater.
  • Icarus (FAST) +2.6%.  Maybe the sweater is Icky’s.  Justin likes to dress him up like a real boy; it’s got to be embarrassing.  I definitely heard Lulu laughing at him last time he was here.
  • Jodi Ann (JOY) +2.3%.  Jodi Ann has become English Grandmaster or Minister of English or something like that; Marcus was vague on the title.  The point is that she has the power to bring back the dunce cap, and presumably she will.

Decliners

  • Marcus (MCS) -3.0%.  And presumably Marcus is serving as the dunce-cap guinea pig.  Just pretend it’s a wizard’s hat, dude.
  • Nicole M. (COLM) -4.2%.  Mario saw Charles Barkley first; if he and Nicole are having a Philadelphia sports celebrity scavenger hunt—and why wouldn’t they?—she’s got some catching up to do.  Try to find Theo Ratliff—he’s worth triple points!
  • Lee (MSTR) -4.9%.  My 12% October decline is second only to Lucas’ 20% drop.  The reality of the Book War is ugly: a completion date of 10/31 was wildly unrealistic; frankly, so was any date in 2012.  I greatly underestimated the task ahead of me; the first nine chapters have already become eleven and the running word count is up by 28% over the first draft.  Furthermore, I failed to structure this leg of the project effectively, assuming that my progress would be so smooth there’d be no need to pace myself.  The market is dealing with me harshly, as it should.  The damage spread to Katie (CATY -4.3%) this week as investors priced in a Book War extending into the second quarter of 2013.  The news is disappointing, certainly, but now that it’s out there sellers can do what they will and we can find a bottom, hopefully well before we breach the 52 week low at $101.
  • Reagan (REGN) -5.2%.  We’re all taking part in a stop-bullying walk with Reagan tomorrow.  The over/under on number of times she falls in an hour is five; the market’s taking the over.
  • Zero (ZIP) -5.2%.  I let some almond milk go bad in my refrigerator and Zero took it personally.  That’s the kind of thing that lingers.
  • Lucas (LEI) -7.4%.  The market has lost faith in management here, and it’s through listening to excuses.  The numbers have to improve or the 20% decline of the last two weeks will continue.  It’s that simple.
Name Ticker 10/12/2012 Change
Brinkley BCO $26.65 +0.65
Charlotte ICE $129.74 -1.26
Dustin DST $56.31 -1.24
Icarus FAST $45.32 +1.14
Jenny JNY $12.87 +0.04
Jodi Ann JOY $58.44 +1.29
Justin SCI $13.56 -0.18
Katie CATY $17.00 -0.76
Lee MSTR $118.26 -6.14
Lisa LNCE $25.06 +0.02
Lucas LEI $1.88 -0.15
Lulu LULU $73.43 -1.97
Marcus MCS $11.01 -0.34
Mario T.E. MGEE $52.88 +0.14
Mario T.Y. WMAR $10.47 -0.11
Marisa MOLX $25.69 -0.50
Namilita NL $11.12 -0.26
Nicole E. NICE $32.90 +0.74
Nicole M. COLM $51.96 -2.29
Reagan REGN $150.73 -8.27
Ruby RJET $4.96 -0.04
Wilson WILC $4.10 unch
Winston ED $59.83 -0.39
Zero ZIP $7.34 -0.40
Zondro ZQK $3.35 -0.12
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